Monday 12 October 2026 Export all CIEN data to Excel Powerpack

Ciena Corporation

Ciena Corporation’s revenue for fiscal 2025 (year ended October 2025) was $4.8 billion, up 18.8% from fiscal 2024. In the quarter to July 2026, revenue grew 37.1%, EPS grew 437.1%, free cash flow fell 13.6% and total debt rose 110.0%, each against the same quarter a year earlier. Member of the S&P 500; operating cash flow growth for three consecutive years.

401.91 47.86 −10.64%

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Market cap: $63.8B
P/E: 97.4×
Fwd P/E: 94.0×
Dividend yield: —
F-score: 7/9
Altman Z: 5.80
Beneish M: −2.92
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 96.68

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	5	5	9	3	5	7	4	6	8	5	8	1

Insider Ownership 1.16%

Capital & Financial Ratios $m

Market Cap 63,780.00

Revenue 6,020.89

Net Income 654.41

Free Cash Flow 814.36

Net Debt 599.84

Current Ratio 3.80

Debt/Equity 1.06

P/E ratio 97.35

Fwd P/E 94.00

P/S ratio 10.61

P/B ratio 20.90

Past 5Y EPS Growth (18.19%)

This Y EPS Growth 171.42%

Next Y EPS Growth 64.85%

Next Y revenue growth 34.69%

Next 5Y EPS Growth 87.50%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 78.54%

10-year low 10-year high

P/S against its own 10 years 97.01%

10-year low 10-year high

P/B against its own 10 years 97.34%

10-year low 10-year high

EV/Sales against its own 10 years 97.08%

10-year low 10-year high

EV/FCF against its own 10 years 92.55%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,115	1,251	1,308	2,630
Receivables	1,004	909	976	1,234
Inventory	1,051	820	826	872
Other	—	—	—	—
	3,576	3,544	3,566	5,263

	2023	2024	2025	Q'26
Payables	318	423	543	654
ST’ Debt	12	12	12	—
Other	—	—	—	—
	932	1,000	1,308	1,386

Compound Annual Growth %

	10y	5y	3y
Sales	6.91%	6.19%	9.50%
Cash Flow	11.89%	10.30%	0.00%
Earnings	26.59%	(19.34%)	(6.91%)
Book Value	15.96%	1.69%	0.20%

Revenue $m

	Jan	Apr	Jul	Oct	Year
’26	1,427	1,571	1,671	—	—
’25	1,072	1,126	1,219	1,352	4,770
’24	1,038	911	942	1,124	4,015
’23	1,057	1,133	1,068	1,129	4,387
’22	844	949	868	971	3,633
’21	757	834	988	1,041	3,621
’20	833	894	977	828	3,532

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jan	Apr	Jul	Oct	Year
’26	228	260	196	—	—
’25	104	157	174	371	806
’24	266	58	(159)	349	515
’23	(266)	230	9	195	168
’22	(54)	107	(205)	(15)	(168)
’21	(7)	225	69	255	542
’20	40	91	175	187	494

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jan	Apr	Jul	Oct	Year
’26	154	219	116	—	—
’25	77	128	135	326	665
’24	249	42	(179)	266	378
’23	(296)	202	(17)	173	62
’22	(30)	37	(227)	(38)	(259)
’21	(28)	194	53	243	462
’20	13	73	160	166	411

Fiscal quarters ending in the months shown.

EPS $

	Jan	Apr	Jul	Oct	Year
’26	1.03	1.49	1.83	—	—
’25	0.31	0.06	0.35	0.13	0.85
’24	0.34	(0.12)	0.10	0.25	0.58
’23	0.51	0.38	0.20	0.62	1.71
’22	0.29	0.25	0.07	0.39	1.00
’21	0.35	0.66	1.52	0.66	3.19
’20	0.40	0.59	0.91	0.42	2.32

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	15.62	19.40	20.71	32.76	30.58	47.52	38.33	39.94	43.30	49.21	Analyst estimates 2026–2028 Powerpack
	High	25.19	27.98	36.55	46.78	61.52	78.28	77.38	54.25	91.82	248.00
People
People	Employees	5,555	5,737	6,013	6,383	7,032	7,241	8,079	8,483	8,657	9,080
	Revenue/emp, $m	0.47	0.49	0.51	0.56	0.50	0.50	0.45	0.52	0.46	0.53
Income, $m
Income, $m	Revenue	2,601	2,802	3,094	3,572	3,532	3,621	3,633	4,387	4,015	4,770
	Gross margin, %	44.67	44.47	42.49	43.17	46.80	47.56	42.95	42.83	42.83	42.04
	EBT	87	156	149	313	456	463	183	324	120	156
	EBT margin, %	3.33	5.57	4.81	8.77	12.91	12.78	5.02	7.38	2.99	3.28
	Net income	73	1,262	(345)	253	361	500	153	255	84	123
	Depreciation	142	123	110	123	133	132	140	142	133	140
Per share, $
Per share, $	Revenue	18.80	19.73	21.53	22.94	22.89	23.32	24.02	29.45	27.74	33.54
	Earnings	0.52	8.89	(2.40)	1.63	2.34	3.22	1.01	1.71	0.58	0.87
	Cash flow	2.09	1.65	1.60	2.65	3.20	3.49	(1.11)	1.13	3.56	5.67
	Capex	(0.77)	(0.67)	(0.47)	(0.40)	(0.54)	(0.51)	(0.60)	(0.71)	(0.94)	(0.99)
	Free cash flow	1.32	0.99	1.12	2.25	2.66	2.98	(1.71)	0.42	2.61	4.68
	Book value	5.54	15.05	13.42	13.95	16.27	19.45	17.94	19.12	19.46	19.19
	Shares, m	138	142	144	156	154	155	151	149	145	142
Valuation, ×
Valuation, ×	P/E	37.27	2.41	0.00	22.63	16.73	17.16	46.96	24.53	109.50	220.84
	P/S	1.03	1.08	1.45	1.62	1.71	2.37	1.99	1.43	2.29	5.66
	P/B	3.50	1.41	2.33	2.66	2.41	2.84	2.67	2.21	3.26	9.90
	EV/Sales	1.11	1.08	1.39	1.53	1.55	2.11	1.97	1.53	2.36	5.71
	EV/FCF	15.80	21.65	26.55	15.56	13.34	16.56	(27.70)	108.25	25.10	40.94
Cash, $m
Cash, $m	Operating cash flow	290	235	229	413	494	542	(168)	168	515	806
	Capex	(107)	(95)	(68)	(63)	(83)	(80)	(91)	(106)	(137)	(141)
	Free cash flow	182	140	162	351	411	462	(259)	62	378	665
Balance, $m
Balance, $m	Working capital	1,122	969	1,180	1,536	1,850	2,280	2,345	2,644	2,545	2,257
	Total debt	1,254	936	693	687	683	677	1,068	1,555	1,545	1,536
	Net debt	201	16	(201)	(327)	(556)	(927)	(80)	440	294	228
	Shareholders’ equity	766	2,136	1,929	2,173	2,510	3,020	2,713	2,848	2,816	2,729
Returns, %
Returns, %	ROA	2.61	36.98	(8.94)	6.63	8.95	11.06	3.08	4.78	1.49	2.14
	ROIC	10.09	6.23	8.32	11.74	15.58	14.79	5.29	6.80	3.35	4.18
	ROE	10.46	86.95	(16.96)	12.36	15.43	18.09	5.33	9.16	2.96	4.45

Negative figures in brackets.

All 10 years →

Fiscal years to Oct 2025 · latest quarter Jul 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
LITE Lumentum Holdings Inc.	$95.0B	— (loss-making)	54.3×	+109.34% (above 0%: growing)	n/m	+1,870.30% (above 0%: growing)	47.43%	27.76%	Compare
HPE Hewlett Packard Enterprise Company	$94.3B	36.5×	22.3×	+33.68% (above 0%: growing)	+438.10% (above 0%: growing)	+20.63% (above 0%: growing)	40.11%	11.41%	Compare
MSI Motorola Solutions, Inc.	$74.0B	34.6×	30.9×	+13.31% (above 0%: growing)	+9.09% (above 0%: growing)	+84.00% (above 0%: growing)	53.56%	25.82%	Compare
CIEN Ciena Corporation	$60.4B	97.4×	94.0×	+37.05% (above 0%: growing)	+437.14% (above 0%: growing)	−13.59% (below 0%: shrinking)	45.43%	18.02%
NOK Nokia Corporation	$56.8B	5.6×	—	+8.48% (above 0%: growing)	n/m	−624.57% (below 0%: shrinking)	44.57%	(1.04%)	Compare
UI Ubiquiti Inc.	$38.9B	41.4×	30.7×	+23.47% (above 0%: growing)	+6.80% (above 0%: growing)	+134.17% (above 0%: growing)	45.80%	36.27%	Compare
ERIC Ericsson	$28.9B	12.3×	—	−3.14% (below 0%: shrinking)	−7.14% (below 0%: shrinking)	−89.23% (below 0%: shrinking)	45.78%	11.24%	Compare
ASTS AST SpaceMobile, Inc.	$22.2B	— (loss-making)	— (loss-making)	+2,626.64% (above 0%: growing)	n/m	−103.37% (below 0%: shrinking)	25.23%	(944.09%)	Compare
ZBRA Zebra Technologies Corporation	$18.1B	35.2×	18.8×	+20.42% (above 0%: growing)	+122.27% (above 0%: growing)	+52.31% (above 0%: growing)	52.99%	20.62%	Compare
Median of peers	$47.8B	34.9×	30.7×	+21.94%	+9.09%	+36.47%	45.79%	16.02%

All 47 Communication Equipment stocks →

Ciena Corporation (CIEN) key facts

Strength: Ciena Corporation’s revenue for fiscal 2025 (year ended October 2025) was $4.8 billion, up 18.8% from fiscal 2024.
Strength: Net income was $123.3 million, or $0.87 per share (basic), a net margin of 2.59%.
Ciena Corporation (CIEN) is a Communication Equipment company in the Technology sector, listed on the New York Stock Exchange.
As of October 12, 2026, CIEN traded at $405.22, a market capitalization of $63.8 billion.
At that price the stock trades at 97.4× trailing-twelve-month earnings and 10.6× sales; its P/E is higher than 79% of its own readings over the past ten years.
Return on equity was 4.45% and debt-to-equity 1.06.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 5.80 (safe zone) for fiscal 2025.