Ciena Corporation
CIEN Technology Communication Equipment
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.
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Ciena Corporation (CIEN) Net margin
Ciena Corporation's net margin over the twelve months to 31 July 2026 was 10.9%, up 8.3 percentage points from fiscal 2025 (2.59%). Over the past ten years it has ranged from −11.1% (fiscal 2018) to 45.0% (fiscal 2017); the current reading is higher than 36% of that period. That is above the Communication Equipment industry median of −0.80% and above the Technology sector median of 0.00%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 2.59% | 0.50 |
| FY2024 | 2.09% | (3.72) |
| FY2023 | 5.81% | 1.60 |
| FY2022 | 4.21% | (9.60) |
| FY2021 | 13.8% | 3.58 |
| FY2020 | 10.2% | 3.14 |
| FY2019 | 7.09% | 18.23 |
| FY2018 | −11.1% | (56.18) |
| FY2017 | 45.0% | 42.25 |
| FY2016 | 2.79% | 2.31 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jul 2026 | 15.9% | 2.05 |
| Apr 2026 | 13.9% | 3.36 |
| Jan 2026 | 10.5% | 9.09 |
| Oct 2025 | 1.44% | (2.69) |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| UI Ubiquiti Inc. compare | 29.3% |
| MSI Motorola Solutions, Inc. compare | 17.4% |
| CIEN Ciena Corporation | 10.9% |
| ERIC Ericsson compare | 10.6% |
| ZBRA Zebra Technologies Corporation compare | 9.22% |
| HPE Hewlett Packard Enterprise Company compare | 6.39% |
| NOK Nokia Corporation compare | 3.39% |
| LITE Lumentum Holdings Inc. compare | −230.1% |
| ASTS AST SpaceMobile, Inc. compare | −536.7% |
| Communication Equipment industry median | −0.80% |
| Technology sector median | 0.00% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on CIEN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement