Key facts
- 52-week range (closes)
- $164.48 – $627.00 Lowest close Oct 22, 2025, highest Jun 2, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
- Fiscal year ends
- November Fiscal 2025 ended Nov 1, 2025, from SEC filings
- In the S&P 500 since
- Feb 9, 2026, replacing Dayforce (DAY) · Thoma Bravo L.P. acquired Dayforce. · All S&P 500 changes
- Analyst coverage
- 5 open price targets from 4 firms: Evercore ISI, Needham, Stifel, UBS Approved targets tracked here; see the analyst section below
Ciena (CIEN) is trading down at $341.95 (-0.65%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
Analyst price targets on CIEN
Current price targets from 4 firms average $520, median $535, ranging from $394 to $615 — the average is 52% above the current $342. Each is tracked to its date and scored the same way a member's call is.
- Evercore ISI $366 → $550 by Sep 2027 Sep 21, 2026 via Yahoo Finance · Evercore ISI's track record
- UBS $321 → $394 by Sep 2027 Sep 4, 2026 via Investing.com · UBS's track record
- Stifel $321 → $615 by Sep 2027 Sep 4, 2026 via Investing.com · Stifel's track record
- Evercore ISI $317 → $375 by Sep 2027 Sep 3, 2026 via Investing.com · Evercore ISI's track record
- Needham $317 → $520 by Sep 2027 Sep 3, 2026 via Investing.com · Needham's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
Ciena revenue & net income history (FY2016–FY2025)
| FY2016Oct 2016 | FY2017Oct 2017 | FY2018Oct 2018 | FY2019Oct 2019 | FY2020Oct 2020 | FY2021Oct 2021 | FY2022Oct 2022 | FY2023Oct 2023 | FY2024Nov 2024 | FY2025Nov 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $2.60B | $2.80B | $3.09B | $3.57B | $3.53B | $3.62B | $3.63B | $4.39B | $4.01B | $4.77B |
| Growth (year over year) | +6.3% | +7.7% | +10.4% | +15.4% | −1.1% | +2.5% | +0.3% | +20.8% | −8.5% | +18.8% |
| Gross profit | $1.16B | $1.25B | $1.31B | $1.54B | $1.65B | $1.72B | $1.56B | $1.88B | $1.72B | $2.00B |
| Gross margin | 44.7% | 44.5% | 42.5% | 43.2% | 46.8% | 47.6% | 43.0% | 42.8% | 42.8% | 42.0% |
| Operating income | $156.2M | $214.7M | $229.9M | $346.8M | $487.0M | $495.4M | $222.8M | $357.5M | $166.6M | $197.5M |
| Operating margin | 6.0% | 7.7% | 7.4% | 9.7% | 13.8% | 13.7% | 6.1% | 8.2% | 4.1% | 4.1% |
| Net income | $72.6M | $1.26B | −$344.7M | $253.4M | $361.3M | $500.2M | $152.9M | $254.8M | $84.0M | $123.3M |
| Net margin | 2.8% | 45.0% | −11.1% | 7.1% | 10.2% | 13.8% | 4.2% | 5.8% | 2.1% | 2.6% |
| EPS (diluted) | $0.51 | $7.53 | −$2.49 | $1.61 | $2.32 | $3.19 | $1.00 | $1.71 | $0.58 | $0.85 |
| Balance sheet | ||||||||||
| Cash and equivalents | $777.6M | $640.5M | $745.4M | $904.0M | $1.09B | $1.42B | $994.4M | $1.01B | $934.9M | $1.09B |
| Total assets | $2.87B | $3.95B | $3.78B | $3.95B | $4.18B | $4.87B | $5.07B | $5.60B | $5.64B | $5.86B |
| Total liabilities | $2.11B | $1.82B | $1.83B | $1.72B | $1.67B | $1.85B | $2.36B | $2.75B | $2.83B | $3.14B |
| Long-term debt | $1.02B | $583.7M | $686.5M | $680.4M | $676.4M | $670.4M | $1.06B | $1.54B | $1.53B | $1.52B |
| Shareholders' equity | $766.3M | $2.14B | $1.93B | $2.17B | $2.51B | $3.02B | $2.71B | $2.85B | $2.82B | $2.73B |
| Cash flow | ||||||||||
| Operating cash flow | $289.5M | $234.9M | $229.3M | $413.1M | $493.7M | $541.6M | −$167.8M | $168.3M | $514.5M | $806.1M |
| Capital expenditure | $107.2M | $94.6M | $67.6M | $62.6M | $82.7M | $79.5M | $90.8M | $106.2M | $136.6M | $140.8M |
| Free cash flow | $182.3M | $140.3M | $161.6M | $350.6M | $411.0M | $462.1M | −$258.6M | $62.1M | $377.9M | $665.3M |
| Share buybacks | $0 | $0 | $111.0M | $150.1M | $74.5M | $91.3M | $500.8M | $242.2M | $254.5M | $334.5M |
| Q4 FY24†Nov 2024 | Q1 FY25Feb 2025 | Q2 FY25May 2025 | Q3 FY25Aug 2025 | Q4 FY25†Nov 2025 | Q1 FY26Jan 2026 | Q2 FY26May 2026 | Q3 FY26Aug 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $1.12B | $1.07B | $1.13B | $1.22B | $1.35B | $1.43B | $1.57B | $1.67B |
| Growth (year over year) | −0.5% | +3.3% | +23.6% | +29.4% | +20.3% | +33.1% | +39.5% | +37.0% |
| Gross profit | $460.0M | $471.8M | $452.8M | $503.1M | $577.2M | $625.5M | $691.6M | $759.3M |
| Gross margin | 40.9% | 44.0% | 40.2% | 41.3% | 42.7% | 43.8% | 44.0% | 45.4% |
| Operating income | $59.2M | $80.7M | $32.8M | $73.5M | $10.5M | $189.4M | $237.9M | $301.2M |
| Operating margin | 5.3% | 7.5% | 2.9% | 6.0% | 0.8% | 13.3% | 15.1% | 18.0% |
| Net income | $37.0M | $44.6M | $8.97M | $50.3M | $19.5M | $150.3M | $218.2M | $266.4M |
| Net margin | 3.3% | 4.2% | 0.8% | 4.1% | 1.4% | 10.5% | 13.9% | 15.9% |
| EPS (diluted) | $0.26 | $0.31 | $0.06 | $0.35 | $0.13 | $1.03 | $1.49 | $1.83 |
| Balance sheet | ||||||||
| Cash and equivalents | $934.9M | $874.7M | $949.8M | $1.06B | $1.09B | $1.12B | $1.05B | $2.45B |
| Total assets | $5.64B | $5.57B | $5.66B | $5.75B | $5.86B | $5.89B | $6.04B | $8.00B |
| Total liabilities | $2.83B | $2.78B | $2.88B | $2.96B | $3.14B | $3.10B | $3.15B | $4.94B |
| Long-term debt | $1.53B | $1.53B | $1.53B | $1.53B | $1.52B | $1.52B | $1.52B | $3.23B |
| Shareholders' equity | $2.82B | $2.79B | $2.78B | $2.79B | $2.73B | $2.79B | $2.89B | $3.06B |
| Cash flow | ||||||||
| Operating cash flow | $349.4M | $103.7M | $156.9M | $174.3M | $371.1M | $227.6M | $259.7M | $196.3M |
| Capital expenditure | $83.5M | $26.9M | $28.7M | $39.8M | $45.4M | $73.9M | $41.0M | $80.0M |
| Free cash flow | $265.8M | $76.8M | $128.2M | $134.6M | $325.6M | $153.8M | $218.7M | $116.3M |
| Share buybacks | $128.7M | $81.2M | $87.0M | $81.8M | $84.5M | $80.5M | $84.4M | $173.0M |
From Ciena's 10-K and 10-Q filings with the SEC; its fiscal year ends in November. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Ciena vs the Information Technology sector and the S&P 500
Ciena's latest reported figures next to the median of the other 75 S&P 500 Information Technology companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | Ciena | Information Technology (75 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +18.8% | +13.7% | +7.0% |
| Net margin, latest fiscal year | 2.6% | 17.4% | 13.0% |
| Share price change, 1 year | +97.5% | +13.1% | +7.5% |
Ciena: fiscal year ended November 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Ciena included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, 1-year price change 67/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them. The S&P 500 price figure is the middle company's change, not the index's return.
About Ciena
Ciena Corporation is an American optical networking systems and software company based in Hanover, Maryland. The company reported revenues of $4.8 billion and more than 9,000 employees, as of November 2025. Gary Smith has been president and chief executive officer (CEO) since 2003.
- Headquarters
- Hanover, Maryland From SEC filings, Oct 2026
Recent News (1)
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