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Ciena Corporation(CIEN)Earnings, Financials & Key Ratios
CIEN•NYSE
503.8× P/E·Price updated Jun 19, 2026
AboutCiena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system and platform software services, as well as manage, control, and plan software. The company's Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.Show more
- Revenue$4.77B+18.8%
- EBITDA$451M+38.9%
- Net Income$123M+46.9%
- EPS (Diluted)0.85+46.6%
- Gross Margin42.04%-1.9%
- EBITDA Margin9.46%+17.0%
- Operating Margin6.52%+36.8%
- Net Margin2.59%+23.7%
- ROE4.45%+50.1%
CIEN Key Insights
Ciena Corporation (CIEN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓Momentum leader: RS Rating 91 (top 9%)
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Profits declining 19.3% over 5 years
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 22.8x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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CIEN Price & Volume
Ciena Corporation (CIEN) stock price & volume — 10-year historical chart
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CIEN Growth Metrics
Ciena Corporation (CIEN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.91%
5 Years6.19%
3 Years9.5%
TTM30.59%
Profit CAGR
10 Years26.59%
5 Years-19.34%
3 Years-6.91%
TTM318.23%
EPS CAGR
10 Years23.86%
5 Years-18.19%
3 Years-5.27%
TTM316.78%
Return on Capital
10 Years9.11%
5 Years7.92%
3 Years6.57%
Last Year6.76%
CIEN Recent Earnings
Ciena Corporation (CIEN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 12/12 qtrs (100%)
Q3 2026Latest
Jun 4, 2026Metric
Actual
Est
EPS
$1.64+12.3%
$1.46
Rev
$1.6B+4.4%
$1.5B
Q2 2026
Mar 5, 2026Metric
Actual
Est
EPS
$1.35+15.4%
$1.17
Rev
$1.4B+2.0%
$1.4B
Q4 2025
Dec 11, 2025Metric
Actual
Est
EPS
$0.91+16.7%
$0.78
Rev
$1.4B+4.7%
$1.3B
Q4 2025
Sep 4, 2025Metric
Actual
Est
EPS
$0.67+26.4%
$0.53
Rev
$1.2B+3.8%
$1.2B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 4, 2026 | $1.64vs $1.46+12.3% | $1.6Bvs $1.5B+4.4% |
| Q2 2026 | Mar 5, 2026 | $1.35vs $1.17+15.4% | $1.4Bvs $1.4B+2.0% |
| Q4 2025 | Dec 11, 2025 | $0.91vs $0.78+16.7% | $1.4Bvs $1.3B+4.7% |
| Q4 2025 | Sep 4, 2025 | $0.67vs $0.53+26.4% | $1.2Bvs $1.2B+3.8% |
Based on last 12 quarters of dataView full earnings history →
CIEN Peer Comparison
Ciena Corporation (CIEN) competitors in Optical Transport and Fiber Access — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ADTN | 1.22B | 15.18 | -26.63 | 17.46% | -2.64% | -5.53% | 0.47 | |
 CALX | 2.45B | 37.95 | 145.96 | 20.26% | 3.2% | 4.25% | 0.03 | |
 VIAV | 10.91B | 47.17 | 314.47 | 8.39% | -4.03% | -6.92% | 0.89 | |
 LITE | 60.69B | 850.00 | 2297.30 | 21.03% | 17.68% | 30.68% | 2.30 | |
 NOK | 77.2B | 13.49 | 106.55 | 3.48% | 3.98% | 3.89% | 0.25 | |
 ERIC | 34.95B | 11.38 | 13.52 | -14.22% | 12.07% | 29.04% | 0.42 | |
 CSCO | 471.16B | 119.54 | 46.88 | 5.3% | 19.69% | 25.14% | 0.60 | |
 CMBM | 3.67M | 0.13 | -0.05 | -25.84% | -56.98% | -224.89% | 0.39 |
Compare CIEN vs Peers
Ciena Corporation (CIEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CIEN Income Statement
Ciena Corporation (CIEN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Oct'17 | Oct'18 | Oct'19 | Oct'20 | Oct'21 | Oct'22 | Oct'23 | Nov'24 | Nov'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 2.8B | 3.09B | 3.57B | 3.53B | 3.62B | 3.63B | 4.39B | 4.01B | 4.77B | 5.57B |
Revenue Growth % | 7.73% | 10.44% | 15.44% | -1.12% | 2.51% | 0.33% | 20.75% | -8.47% | 18.79% | 30.59% |
Cost of Goods Sold | 1.56B | 1.78B | 2.03B | 1.88B | 1.9B | 2.07B | 2.51B | 2.3B | 2.76B | 3.17B |
COGS % of Revenue | 55.53% | 57.51% | 56.83% | 53.2% | 52.44% | 57.05% | 57.17% | 57.17% | 57.96% | - |
Gross Profit | 1.25B▲ 0% | 1.31B▲ 5.5% | 1.54B▲ 17.3% | 1.65B▲ 7.2% | 1.72B▲ 4.2% | 1.56B▼ 9.4% | 1.88B▲ 20.4% | 1.72B▼ 8.5% | 2B▲ 16.6% | 2.4B▲ 0% |
Gross Margin % | 44.47% | 42.49% | 43.17% | 46.8% | 47.56% | 42.95% | 42.83% | 42.83% | 42.04% | 43.05% |
Gross Profit Growth % | 7.25% | 5.53% | 17.29% | 7.19% | 4.18% | -9.39% | 20.41% | -8.48% | 16.59% | - |
Operating Expenses | 1.03B | 1.08B | 1.2B | 1.17B | 1.23B | 1.3B | 1.49B | 1.53B | 1.69B | 1.77B |
OpEx % of Revenue | 36.8% | 35.06% | 33.46% | 33.01% | 33.88% | 35.87% | 34.06% | 38.07% | 35.52% | - |
Selling, General & Admin | 498.77M | 554.19M | 597.45M | 585.97M | 634.09M | 645.95M | 706.09M | 731.32M | 820.04M | 852.37M |
SG&A % of Revenue | 17.8% | 17.91% | 16.73% | 16.59% | 17.51% | 17.78% | 16.1% | 18.21% | 17.19% | - |
Research & Development | 475.33M | 491.56M | 548.14M | 529.89M | 536.67M | 624.66M | 750.56M | 767.5M | 848.33M | 900.16M |
R&D % of Revenue | 16.97% | 15.89% | 15.34% | 15% | 14.82% | 17.2% | 17.11% | 19.12% | 17.79% | - |
Other Operating Expenses | 56.96M | 38.99M | 49.72M | 50.07M | 55.87M | 32.51M | 37.35M | 29.57M | 25.76M | 4M |
Operating Income | 214.72M▲ 0% | 229.95M▲ 7.1% | 346.77M▲ 50.8% | 486.96M▲ 40.4% | 495.36M▲ 1.7% | 257.23M▼ 48.1% | 384.85M▲ 49.6% | 191.21M▼ 50.3% | 310.79M▲ 62.5% | 622.88M▲ 0% |
Operating Margin % | 7.66% | 7.43% | 9.71% | 13.79% | 13.68% | 7.08% | 8.77% | 4.76% | 6.52% | 11.18% |
Operating Income Growth % | 37.49% | 7.09% | 50.8% | 40.43% | 1.72% | -48.07% | 49.61% | -50.32% | 62.54% | - |
EBITDA | 337.62M | 339.97M | 469.48M | 619.49M | 627.62M | 397.43M | 527.03M | 324.68M | 451.13M | 732.91M |
EBITDA Margin % | 12.05% | 10.99% | 13.14% | 17.54% | 17.33% | 10.94% | 12.01% | 8.09% | 9.46% | 13.16% |
EBITDA Growth % | 13.35% | 0.69% | 38.1% | 31.95% | 1.31% | -36.68% | 32.61% | -38.39% | 38.95% | 117.48% |
D&A (Non-Cash Add-back) | 122.9M | 110.02M | 122.71M | 132.53M | 132.27M | 140.2M | 142.18M | 133.47M | 140.34M | 116.84M |
EBIT | 211.98M | 204.03M | 350.64M | 487.28M | 494.12M | 235.47M | 416.73M | 218.46M | 248.05M | 546.9M |
Net Interest Income | -49.27M | -41.55M | -23.04M | -24.46M | -29.32M | -42.91M | -48.06M | -36.49M | -36.74M | -29.31M |
Interest Income | 6.58M | 13.7M | 14.41M | 6.86M | 2.05M | 10.06M | 45.01M | 62.12M | 55.02M | 57.66M |
Interest Expense | 55.85M | 55.25M | 37.45M | 31.32M | 31.37M | 52.97M | 93.07M | 98.61M | 91.76M | 86.97M |
Other Income/Expense | -58.6M | -81.17M | -33.58M | -31M | -32.6M | -74.72M | -61.2M | -71.36M | -154.5M | -142.03M |
Pretax Income | 156.13M▲ 0% | 148.78M▼ 4.7% | 313.19M▲ 110.5% | 455.96M▲ 45.6% | 462.75M▲ 1.5% | 182.5M▼ 60.6% | 323.65M▲ 77.3% | 119.85M▼ 63.0% | 156.29M▲ 30.4% | 480.85M▲ 0% |
Pretax Margin % | 5.57% | 4.81% | 8.77% | 12.91% | 12.78% | 5.02% | 7.38% | 2.99% | 3.28% | 8.63% |
Income Tax | -1.11B | 493.47M | 59.76M | 94.67M | -37.45M | 29.6M | 68.83M | 35.89M | 32.95M | 42.55M |
Effective Tax Rate % | -708.29% | 331.68% | 19.08% | 20.76% | -8.09% | 16.22% | 21.27% | 29.95% | 21.08% | 8.85% |
Net Income | 1.26B▲ 0% | -344.69M▼ 127.3% | 253.43M▲ 173.5% | 361.29M▲ 42.6% | 500.2M▲ 38.4% | 152.9M▼ 69.4% | 254.83M▲ 66.7% | 83.96M▼ 67.1% | 123.34M▲ 46.9% | 438.3M▲ 0% |
Net Margin % | 45.04% | -11.14% | 7.09% | 10.23% | 13.81% | 4.21% | 5.81% | 2.09% | 2.59% | 7.87% |
Net Income Growth % | 1638.61% | -127.31% | 173.53% | 42.56% | 38.45% | -69.43% | 66.66% | -67.05% | 46.91% | 318.23% |
Net Income (Continuing) | 1.26B | -344.69M | 253.43M | 361.29M | 500.2M | 152.9M | 254.83M | 83.96M | 123.34M | 438.3M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 7.53▲ 0% | -2.40▼ 131.9% | 1.61▲ 167.1% | 2.32▲ 44.1% | 3.19▲ 37.5% | 1.00▼ 68.7% | 1.71▲ 71.0% | 0.58▼ 66.1% | 0.85▲ 46.6% | 3.00▲ 0% |
EPS Growth % | 1376.47% | -131.87% | 167.08% | 44.1% | 37.5% | -68.65% | 71% | -66.08% | 46.55% | 316.78% |
EPS (Basic) | 8.89 | -2.49 | 1.63 | 2.34 | 3.22 | 1.01 | 1.71 | 0.58 | 0.87 | - |
Diluted Shares Outstanding | 169.92M | 143.74M | 157.61M | 155.96M | 156.74M | 152.19M | 149.38M | 145.96M | 145.25M | 146.31M |
Basic Shares Outstanding | 142M | 138.56M | 155.72M | 154.29M | 155.28M | 151.21M | 148.97M | 144.72M | 142.22M | 141.95M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
CIEN Balance Sheet
Ciena Corporation (CIEN) balance sheet — assets, liabilities & shareholders' equity
| Metric | Oct'17 | Oct'18 | Oct'19 | Oct'20 | Oct'21 | Oct'22 | Oct'23 | Nov'24 | Nov'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 1.98B | 2.12B | 2.37B | 2.6B | 3.17B | 3.39B | 3.55B | 3.52B | 3.57B | 3.57B |
Cash & Short-Term Investments | 919.65M | 894.4M | 1.01B | 1.24B | 1.6B | 1.15B | 1.12B | 1.25B | 1.31B | 1.2B |
Cash Only | 640.51M | 745.42M | 904.04M | 1.09B | 1.42B | 994.35M | 1.01B | 934.86M | 1.09B | 1.05B |
Short-Term Investments | 279.13M | 148.98M | 109.94M | 150.67M | 181.48M | 153.99M | 104.75M | 316.34M | 216.15M | 157.71M |
Accounts Receivable | 633.89M | 812.84M | 837.04M | 827.23M | 1B | 1.1B | 1.19B | 1.25B | 975.86M | 1.05B |
Days Sales Outstanding | 82.58 | 95.88 | 85.53 | 85.48 | 101.29 | 110.61 | 98.82 | 113.62 | 74.68 | 70.98 |
Inventory | 267.14M | 262.75M | 345.05M | 344.38M | 374.26M | 946.73M | 1.05B | 820.43M | 826.24M | 808.45M |
Days Inventory Outstanding | 62.67 | 53.89 | 62.04 | 66.89 | 71.95 | 166.75 | 152.95 | 130.46 | 109.09 | 96.11 |
Other Current Assets | 40.94M | 37.62M | 40.47M | 44.88M | 44.3M | 70.57M | 41.8M | 45.39M | 455.32M | 504.31M |
Total Non-Current Assets | 1.95B | 1.61B | 1.51B | 1.57B | 1.68B | 1.68B | 2.03B | 2.1B | 2.3B | 2.47B |
Property, Plant & Equipment | 308.46M | 292.07M | 286.88M | 329.4M | 329.25M | 312.89M | 315.29M | 365.14M | 38.61M | 38.46M |
Fixed Asset Turnover | 9.08x | 10.59x | 12.45x | 10.72x | 11.00x | 11.61x | 13.91x | 11.00x | 123.52x | 141.08x |
Goodwill | 267.46M | 297.97M | 297.94M | 310.85M | 311.64M | 328.32M | 444.76M | 444.71M | 521.2M | 520.4M |
Intangible Assets | 101M | 148.22M | 112.78M | 96.65M | 65.31M | 69.52M | 205.63M | 165.02M | 224.21M | 202.19M |
Long-Term Investments | 49.78M | 58.97M | 10.01M | 82.23M | 70.04M | 35.38M | 134.28M | 80.92M | 57.14M | 391.52M |
Other Non-Current Assets | 63.59M | 71.65M | 88.99M | 102.83M | 99.89M | 113.62M | 116.45M | 154.69M | 573.1M | 636.15M |
Total Assets | 3.95B▲ 0% | 3.76B▼ 4.9% | 3.89B▲ 3.6% | 4.18B▲ 7.4% | 4.87B▲ 16.4% | 5.07B▲ 4.2% | 5.6B▲ 10.5% | 5.64B▲ 0.7% | 5.86B▲ 4.0% | 6.04B▲ 0% |
Asset Turnover | 0.71x | 0.82x | 0.92x | 0.84x | 0.74x | 0.72x | 0.78x | 0.71x | 0.81x | 0.95x |
Asset Growth % | 37.1% | -4.94% | 3.64% | 7.39% | 16.37% | 4.2% | 10.49% | 0.71% | 3.96% | 19.52% |
Total Current Liabilities | 1.04B | 963M | 845.94M | 760.7M | 909.03M | 1.04B | 932.02M | 999.84M | 1.31B | 1.31B |
Accounts Payable | 260.1M | 340.58M | 344.82M | 291.9M | 356.18M | 516.05M | 317.83M | 423.4M | 542.84M | 606.6M |
Days Payables Outstanding | 61.02 | 69.85 | 62 | 56.7 | 68.47 | 90.89 | 46.26 | 67.33 | 71.67 | 62.18 |
Short-Term Debt | 352.29M | 7M | 7M | 6.93M | 6.93M | 6.93M | 11.7M | 11.7M | 11.58M | 11.58M |
Deferred Revenue (Current) | 102.42M | 111.13M | 111.38M | 108.7M | 118.01M | 137.9M | 154.42M | 156.38M | 208.94M | 933.94M |
Other Current Liabilities | 275.77M | 317.96M | 175.32M | 168.89M | 159.77M | 192.82M | 222.09M | 168.3M | 227.97M | 0 |
Current Ratio | 1.91x | 2.20x | 2.80x | 3.42x | 3.48x | 3.25x | 3.81x | 3.52x | 2.73x | 2.73x |
Quick Ratio | 1.65x | 1.93x | 2.39x | 2.96x | 3.07x | 2.34x | 2.68x | 2.70x | 2.09x | 2.11x |
Cash Conversion Cycle | 84.23 | 79.92 | 85.57 | 95.67 | 104.76 | 186.47 | 205.51 | 176.75 | 112.1 | 104.91 |
Total Non-Current Liabilities | 777.63M | 864.19M | 874.64M | 910.62M | 936.18M | 1.32B | 1.82B | 1.83B | 1.83B | 1.84B |
Long-Term Debt | 583.69M | 686.45M | 680.41M | 676.36M | 670.36M | 1.06B | 1.54B | 1.53B | 1.52B | 1.52B |
Capital Lease Obligations | 73.41M | 68.25M | 65.28M | 122.98M | 104.15M | 95.57M | 81.45M | 68.63M | 32.52M | 133.11M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 37.94M | 51.17M | 83.46M | 61.62M | 104.22M | 97.16M | 122.22M | 142.42M | 175.43M | 185M |
Total Liabilities | 1.82B | 1.83B | 1.72B | 1.67B | 1.85B | 2.36B | 2.75B | 2.83B | 3.14B | 3.15B |
Total Debt | 935.98M | 693.45M | 755.45M | 828.14M | 803.68M | 1.19B | 1.66B | 1.63B | 1.58B | 1.58B |
Net Debt | 295.47M | -51.97M | -148.59M | -260.49M | -618.86M | 191.95M | 646.55M | 697.39M | 490.26M | 530.38M |
Debt / Equity | 0.44x | 0.36x | 0.35x | 0.33x | 0.27x | 0.44x | 0.58x | 0.58x | 0.58x | 0.54x |
Debt / EBITDA | 2.77x | 2.04x | 1.61x | 1.34x | 1.28x | 2.98x | 3.14x | 5.03x | 3.51x | 2.15x |
Net Debt / EBITDA | 0.88x | -0.15x | -0.32x | -0.42x | -0.99x | 0.48x | 1.23x | 2.15x | 1.09x | 0.72x |
Interest Coverage | 3.80x | 3.69x | 9.36x | 15.56x | 15.75x | 4.45x | 4.48x | 2.22x | 2.70x | 6.29x |
Total Equity | 2.14B▲ 0% | 1.93B▼ 9.7% | 2.17B▲ 12.6% | 2.51B▲ 15.5% | 3.02B▲ 20.3% | 2.71B▼ 10.2% | 2.85B▲ 5.0% | 2.82B▼ 1.1% | 2.73B▼ 3.1% | 2.89B▲ 0% |
Equity Growth % | 178.77% | -9.69% | 12.62% | 15.5% | 20.34% | -10.17% | 4.99% | -1.13% | -3.08% | -2.53% |
Book Value per Share | 12.57 | 13.42 | 13.79 | 16.09 | 19.27 | 17.83 | 19.07 | 19.29 | 18.79 | 19.77 |
Total Shareholders' Equity | 2.14B | 1.93B | 2.17B | 2.51B | 3.02B | 2.71B | 2.85B | 2.82B | 2.73B | 2.89B |
Common Stock | 1.43M | 1.54M | 1.54M | 1.55M | 1.55M | 1.48M | 1.45M | 1.43M | 1.41M | 1.42M |
Retained Earnings | -4.66B | -4.95B | -4.64B | -4.28B | -3.79B | -3.63B | -3.38B | -3.29B | -3.17B | -2.8B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -11.02M | -5.78M | -22.08M | -35.36M | 439K | -46.65M | -37.77M | -46.71M | -55.03M | -40.08M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CIEN Cash Flow Statement
Ciena Corporation (CIEN) cash flow — operating, investing & free cash flow history
| Metric | Oct'17 | Oct'18 | Oct'19 | Oct'20 | Oct'21 | Oct'22 | Oct'23 | Nov'24 | Nov'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 234.88M | 229.26M | 413.14M | 493.65M | 541.65M | -167.76M | 168.33M | 514.53M | 806.09M | 1.03B |
Operating CF Margin % | 8.38% | 7.41% | 11.57% | 13.98% | 14.96% | -4.62% | 3.84% | 12.82% | 16.9% | - |
Operating CF Growth % | -18.87% | -2.39% | 80.21% | 19.49% | 9.72% | -130.97% | 200.34% | 205.66% | 56.67% | 400.56% |
Net Income | 1.26B | -344.69M | 253.43M | 361.29M | 500.2M | 152.9M | 254.83M | 83.96M | 123.34M | 438.3M |
Depreciation & Amortization | 122.9M | 110.02M | 122.71M | 132.53M | 132.27M | 140.2M | 142.18M | 133.47M | 140.34M | 183.86M |
Stock-Based Compensation | 48.36M | 52.97M | 59.74M | 67.76M | 84.34M | 105.13M | 130.46M | 156.4M | 184.53M | 16.53M |
Deferred Taxes | -1.13B | 463.63M | 19.86M | 64.34M | -156.47M | -27.5M | -14.85M | -76.81M | -23.17M | -23.27M |
Other Non-Cash Items | 84.06M | 98.1M | 57.02M | 67.6M | 49.47M | 33.62M | 52.47M | 114.75M | 161.23M | 278.94M |
Working Capital Changes | -155.66M | -150.77M | -99.63M | -199.86M | -68.15M | -572.11M | -396.75M | 102.76M | 219.84M | 138.4M |
Change in Receivables | -66.12M | -168.36M | 65.71M | -17.3M | -174.38M | -47.07M | -94.56M | 80.31M | -98.74M | -149.44M |
Change in Inventory | -91.57M | -27.45M | -112.94M | -25.04M | -47.57M | -589.11M | -132.5M | 153.02M | -53.6M | -1.39M |
Change in Payables | 33.9M | 85.8M | 27.74M | -117.93M | 162.13M | 100.33M | -138.47M | 64.25M | 226.49M | 97.48M |
Cash from Investing | -61.43M | -19.27M | 24.08M | -220.24M | -90.72M | -101.25M | -383.45M | -306.48M | -241.5M | -390.83M |
Capital Expenditures | -94.6M | -67.62M | -62.58M | -82.67M | -79.55M | -90.82M | -106.2M | -136.64M | -140.8M | -200.11M |
CapEx % of Revenue | 3.38% | 2.19% | 1.75% | 2.34% | 2.2% | 2.5% | 2.42% | 3.4% | 2.95% | 3.59% |
Acquisitions | 0 | -82.67M | -2.67M | -28.3M | 4.68M | -62.04M | -230.05M | 0 | -231.1M | -231.1M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | -54K | 117K | 0 | 0 | 0 | 0 | -2.98M | -1.45M | -4.01M | -3.01M |
Cash from Financing | -311.05M | -99.23M | -278.97M | -87.22M | -116.83M | -133.06M | 229.38M | -285.06M | -405.92M | -704.43M |
Debt Issued (Net) | -330.74M | -4.68M | -10.32M | -7.9M | -9.93M | 391.33M | 485.11M | -15.73M | -15.96M | -15.01M |
Equity Issued (Net) | 20.41M | -92.61M | -156.19M | -78.94M | -106.9M | -549.25M | -249.35M | -266.78M | -298.63M | -328.59M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | -115.74M | -179.13M | -107.01M | -135.36M | -549.25M | -280.71M | -301.07M | -334.51M | -364.56M |
Other Financing | -722K | -1.94M | -112.46M | -382K | 0 | 24.86M | -6.38M | -2.55M | -91.33M | -360.83M |
Net Change in Cash | -137.1M▲ 0% | 104.91M▲ 176.5% | 158.73M▲ 51.3% | 184.55M▲ 16.3% | 333.9M▲ 80.9% | -428.23M▼ 228.3% | 16.41M▲ 103.8% | -75.76M▼ 561.7% | 157.09M▲ 307.4% | -68.28M▲ 0% |
Free Cash Flow | 140.28M▲ 0% | 161.65M▲ 15.2% | 350.56M▲ 116.9% | 410.99M▲ 17.2% | 462.1M▲ 12.4% | -258.57M▼ 156.0% | 62.13M▲ 124.0% | 377.89M▲ 508.2% | 665.29M▲ 76.1% | 832.66M▲ 0% |
FCF Margin % | 5.01% | 5.22% | 9.81% | 11.64% | 12.76% | -7.12% | 1.42% | 9.41% | 13.95% | 14.95% |
FCF Growth % | -23.06% | 15.23% | 116.87% | 17.24% | 12.44% | -155.96% | 124.03% | 508.18% | 76.05% | 185.27% |
FCF per Share | 0.83 | 1.12 | 2.22 | 2.64 | 2.95 | -1.70 | 0.42 | 2.59 | 4.58 | 5.69 |
FCF Conversion (FCF/Net Income) | 0.19x | -0.67x | 1.63x | 1.37x | 1.08x | -1.10x | 0.66x | 6.13x | 6.54x | 1.90x |
Interest Paid | 47.23M | 44.75M | 39.58M | 32.84M | 29.86M | 42.81M | 84.47M | 92.52M | 85.22M | -2.22M |
Taxes Paid | 22.14M | 26.9M | 33.57M | 53.08M | 73.13M | 34.97M | 78.24M | 54.96M | 113.61M | -6.64M |
CIEN Key Ratios
Ciena Corporation (CIEN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 86.95% | -16.96% | 12.36% | 15.43% | 18.09% | 5.33% | 9.16% | 2.96% | 4.45% | 15.65% |
Return on Invested Capital (ROIC) | 8.68% | 8% | 13.33% | 17.09% | 15.98% | 7.27% | 9.02% | 4.09% | 6.92% | 14.14% |
Gross Margin | 44.47% | 42.49% | 43.17% | 46.8% | 47.56% | 42.95% | 42.83% | 42.83% | 42.04% | 43.05% |
Net Margin | 45.04% | -11.14% | 7.09% | 10.23% | 13.81% | 4.21% | 5.81% | 2.09% | 2.59% | 7.87% |
Debt / Equity | 0.44x | 0.36x | 0.35x | 0.33x | 0.27x | 0.44x | 0.58x | 0.58x | 0.58x | 0.54x |
Interest Coverage | 3.80x | 3.69x | 9.36x | 15.56x | 15.75x | 4.45x | 4.48x | 2.22x | 2.70x | 6.29x |
FCF Conversion | 0.19x | -0.67x | 1.63x | 1.37x | 1.08x | -1.10x | 0.66x | 6.13x | 6.54x | 1.90x |
Revenue Growth | 7.73% | 10.44% | 15.44% | -1.12% | 2.51% | 0.33% | 20.75% | -8.47% | 18.79% | 30.59% |
Related:CIEN Dividend History·CIEN Revenue History·CIEN Price History·CIEN P/E History·CIEN Financial Ratios·CIEN Institutional Holders
CIEN SEC Filings & Documents
Ciena Corporation (CIEN) SEC filings — annual & quarterly reports (10-K, 10-Q)
CIEN Frequently Asked Questions
Ciena Corporation (CIEN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Ciena Corporation (CIEN) reported $5.57B in revenue for fiscal year 2025. This represents a 1248% increase from $413.2M in 1997.
Ciena Corporation (CIEN) grew revenue by 18.8% over the past year. This is strong growth.
Yes, Ciena Corporation (CIEN) is profitable, generating $438.3M in net income for fiscal year 2025 (2.6% net margin).
Dividend & Returns
Ciena Corporation (CIEN) has a return on equity (ROE) of 4.4%. This is below average, suggesting room for improvement.
Ciena Corporation (CIEN) generated $832.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.