Ciena Corporation
CIEN
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-07.
- Ciena Corporation is well-positioned in the communication equipment industry, benefiting from increasing demand for high-speed networking solutions as digital transformation accelerates across sectors.
- In Q3 2026, Ciena reported a revenue of $1.67 billion, reflecting a 6% increase compared to the previous quarter.
- The company's gross margin improved to 45.4% in Q3 2026, up from 44% in Q2 2026.
- Ciena's high trailing P/E ratio of 99.25 may indicate overvaluation concerns among investors, especially in a competitive market.
- The company's operating margin was only 18.1% in Q3 2026, which, while improved, still reflects challenges in maintaining profitability.
- Ciena's debt-to-equity ratio stands at 107.5, suggesting a reliance on debt financing that could pose risks in a rising interest rate environment.
Fundamentals
| Market cap | $60.40B | Enterprise value | $61.06B | Trailing P/E | 95.29 | Forward P/E | 36.01 |
| PEG | 0.45 | Price / book | 19.77 | Beta | 1.29 | Dividend yield | 0.00% |
| Revenue growth | 37.0% | Earnings growth | 422.9% | Gross margin | 44.1% | Operating margin | 18.1% |
| Profit margin | 10.9% | ROE | 22.4% | ROA | 7.7% | Debt / equity | 1.07 |
| Current ratio | 3.80 | Free cash flow | $633.37M | Analyst recommendation | buy | Mean target | $512.99 |
| 52w high | $637.51 | 52w low | $153.27 |
Quarterly
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.4B | $1.4B | $1.2B | — |
| Op margin | 18.1% | 15.2% | 13.4% | 8.8% | 6.2% | — |
| Net income | $266M | $218M | $150M | $19.5M | $50.3M | — |
| Gross margin | 45.4% | 44.0% | 43.8% | 42.7% | 41.3% | — |
| Gross profit | $759M | $692M | $626M | $577M | $503M | — |
| Operating income | $302M | $239M | $191M | $118M | $75.3M | — |
- Revenue +6% vs prior quarter ($1.7B vs $1.6B).
- Gross margin 45.4% (was 44% prior quarter).
- Operating margin expanded to 18.1%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $4.8B | $4.0B | $4.4B | $3.6B | — |
| Op margin | 6.5% | 4.8% | 8.8% | 7.1% | — |
| Net income | $123M | $84.0M | $255M | $153M | — |
| Gross margin | 42.0% | 42.8% | 42.8% | 43.0% | — |
| Gross profit | $2.0B | $1.7B | $1.9B | $1.6B | — |
| Operating income | $311M | $191M | $385M | $257M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · One Reason To Buy Applied Optoelectronics Stock Now
2026-10-09 · Jim Cramer Likes Ciena (CIEN) but Another Optical Stock Holds His Attention
2026-10-09 · AI Losers Turn Winners as Dust Settles From OpenAI Revenue Fiasco
2026-10-09 · Ciena's Openreach Deal: Can 1.6Tb/s Technology Drive Its Growth?
2026-10-08 · Buy GLW & CIEN to Gain More on AI Communication Component Space Rally
2026-10-07 · What Just Happened To Ciena Stock?
2026-10-07 · Corning Surges 93% Year to Date: How to Play the Stock
2026-10-07 · Ciena Surges 178% in a Year: Should Investors Buy the Stock Now?
2026-10-07 · US Stock Market Today: S&P 500 Futures Edge Higher On Firm Services And Inflation Jitters
2026-10-07 · Zacks Industry Outlook Ciena, Viavi and Ooma
2026-10-06 · Ciena Insider Sold Shares Worth $746,254, According to a Recent SEC Filing
2026-10-06 · Ciena Insider Sold Shares Worth $933,795, According to a Recent SEC Filing
Price (daily)
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