Ciena Corporation CIEN
356.91
(1.52)
(0.42%)
as of 25 Sep
- Market cap
- $51.7B
- P/E
- 77.3×
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Ciena Corporation (CIEN) Free cash flow
Ciena Corporation's free cash flow for fiscal 2025 was $665.3M, up 76.1% from $377.9M in fiscal 2024. Over the twelve months to 31 July 2026 it was $814.4M. Over the past ten years it has ranged from −$258.6M (fiscal 2022) to $665.3M (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 3 consecutive fiscal years. Ciena Corporation ranks 7th of 47 Communication Equipment companies by free cash flow.
Free cash flow, annual
Annual
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $665.3M | 76.05% |
| FY2024 | $377.9M | 508.18% |
| FY2023 | $62.1M | — |
| FY2022 | −$258.6M | — |
| FY2021 | $462.1M | 12.44% |
| FY2020 | $411.0M | 17.24% |
| FY2019 | $350.6M | 116.87% |
| FY2018 | $161.6M | 15.23% |
| FY2017 | $140.3M | (23.06%) |
| FY2016 | $182.3M | (8.83%) |
Quarterly
| Period | Free cash flow | Change |
|---|---|---|
| Jul 2026 | $116.3M | (46.81%) |
| Apr 2026 | $218.7M | 42.20% |
| Jan 2026 | $153.8M | (52.78%) |
| Oct 2025 | $325.6M | 141.95% |
| 43 more quarters | Free account |
Against its own ten years
Low −$258.6M
High $665.3M
Ten-year median
$200.0M
Current reading's percentile
100
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| HPE Hewlett Packard Enterprise Company compare | $4.6B |
| ERIC Ericsson compare | $3.1B |
| MSI Motorola Solutions, Inc. compare | $2.7B |
| UI Ubiquiti Inc. compare | $908.9M |
| ZBRA Zebra Technologies Corporation compare | $904.0M |
| CIEN Ciena Corporation | $814.4M |
| NOK Nokia Corporation compare | $616.5M |
| LITE Lumentum Holdings Inc. compare | $342.5M |
| ASTS AST SpaceMobile, Inc. compare | −$1.7B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on CIEN
- Revenue
- Net income
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
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- Book value per share
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- The full statement