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) Operating margin
Ciena Corporation's operating margin over the twelve months to 31 July 2026 was 12.3%, up 8.1 percentage points from fiscal 2025 (4.14%). Over the past ten years it has ranged from 4.11% (fiscal 2015) to 13.8% (fiscal 2020); the current reading is higher than 18% of that period. That is above the Communication Equipment industry median of 2.39% and above the Technology sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 4.14% | (0.01) |
| FY2024 | 4.15% | (4.00) |
| FY2023 | 8.15% | 2.02 |
| FY2022 | 6.13% | (7.55) |
| FY2021 | 13.7% | (0.11) |
| FY2020 | 13.8% | 4.08 |
| FY2019 | 9.71% | 2.28 |
| FY2018 | 7.43% | (0.23) |
| FY2017 | 7.66% | 1.65 |
| FY2016 | 6.01% | 1.90 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jul 2026 | 18.0% | 2.88 |
| Apr 2026 | 15.1% | 1.87 |
| Jan 2026 | 13.3% | 12.49 |
| Oct 2025 | 0.78% | (5.25) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| UI Ubiquiti Inc. compare | 36.2% |
| MSI Motorola Solutions, Inc. compare | 24.9% |
| LITE Lumentum Holdings Inc. compare | 17.4% |
| ZBRA Zebra Technologies Corporation compare | 14.7% |
| ERIC Ericsson compare | 14.5% |
| CIEN Ciena Corporation | 12.3% |
| HPE Hewlett Packard Enterprise Company compare | 6.21% |
| NOK Nokia Corporation compare | 4.14% |
| ASTS AST SpaceMobile, Inc. compare | −519.5% |
| Communication Equipment industry median | 2.39% |
| Technology sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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
- 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