Ciena (CIEN) is trading down at $359.60 (-10.19%) 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 45% above the current $360. 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 →
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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