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CIEN

Ciena Corporation

CIEN

NYSE·Technology·Communication Equipment·Mkt cap $65.5B

$422.46

▼ -8.65%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$76.89 - $637.51

P/E

268.59

Fwd P/E

64.66

Beta

1.24

Div Yield

0.00%

Avg Vol

2.9M

Shares Out

141.4M

Mkt Cap

$65.5B

Price action

Price chart

Up 481.5% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Advanced optical networking technology
  • Comprehensive end-to-end network solutions
  • Strong research and development capabilities
  • Diverse global customer base
▼

Bear Case

2 risks

  • Average volatility.
  • Growth premium of 1.2x vs AI Networking peers. Reasonable for this growth rate.

Growth

Moderate growth ahead

5G network infrastructure expansion

Value

Growth premium of 1.2x vs AI Networking peers. Reasonable for this growth rate.

Momentum

Stable

+3.3% over 3m

Quality

Strong

High-growth business (27% revenue growth, 43% gross margin). Profitable with strong growth momentum.

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Sep 3, 2026

“
Q2 26 RECAP

JUN 4, 2026

Reported EPS of $1.64 vs $1.46 consensus (+12.3% surprise). Revenue of $1.6B vs $1.5B expected (+4.4%). Beat on both top and bottom lines.

EPS beat +12.3%
Rev beat +4.4%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+12.3%

Next: Sep 3, 2026

Revenue trend · last 8Q

—

—

—

+3%

+24%

+29%

+20%

+33%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$910.8M

$942.3M

$1.1B

$1.1B

$1.1B

$1.2B

$1.4B

$1.4B

Margins · last 8Q

Gross

43.5%

Operating

13.4%

Profit

10.5%

View full earnings history →

Wall Street consensus

13 analysts · 69% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

9

69%

Hold

4

31%

Sell

0%

Median Price Target

$500.50

▲ +18.5% vs $422.46

Low $405.00
Median $500.50
High $615.00

Latest: Barclays · Jun 5, 2026

3 analysts covering

View full analyst page →

vs Industry

How CIEN stacks vs Communication Equipment

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.