Ciena Corp (CIEN)

Currency in USD
535.63
-84.74(-13.66%)
Closed·
522.22-13.41(-2.50%)
·
Unusual trading volume
CIEN is not included in our AI-picked strategies. See which stocks are.
Fair Value
Day's Range
491.00552.39
52 wk Range
70.85637.51
Key Statistics
Prev. Close
535.63
Open
552.39
Day's Range
491-552.39
52 wk Range
70.85-637.51
Volume
7.61M
Average Vol. (3m)
2.76M
1-Year Change
633.2375%
Book Value / Share
19.82
Fair Value
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Fair Value Upside
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CIEN Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
519.64
Downside
-2.98%
Members' Sentiments
Bearish
Bullish
ProTips
Significant return over the last week

Ciena Corp News & Analysis

Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Sell

Analyst Ratings

13 Buy
6 Hold
1 Sell
Ratings:
20 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 519.64
(-2.98% Downside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Stifel
Buy615.00+14.82%-MaintainJun 04, 2026
Needham
Buy600.00+12.02%470.00MaintainJun 04, 2026
Rosenblatt
Buy720.00+34.42%-MaintainJun 04, 2026
Raymond James
Buy530.00-1.05%320.00MaintainJun 04, 2026
B.Riley
Hold531.00-0.86%283.00MaintainJun 02, 2026

Ciena Corp SWOT Analysis


Valuation Debate
Despite robust fundamentals and margin expansion, concerns emerge over customer concentration, peaking backlog, and sustainability of premium multiples
Growth Trajectory
Fiscal 2026 revenue guidance raised to 24% growth with $7.8 billion backlog, as AI-related bookings doubled and expected to double again this yea
Analyst Perspectives
Price targets range from $190 to $279, with analysts split on whether premium valuation at 32x forward earnings is justified amid growth questions
AI Infrastructure Play
Ciena's transformation from telecom equipment to AI infrastructure provider drove 200% stock appreciation, with cloud revenue surging 44% annually
Read full SWOT analysis

Ciena Corp Earnings Call Summary for Q2/2026

  • Ciena Q2 2026 revenue hit $1.57B (up 40% YoY) and EPS of $1.64 beat forecast by 12.33%, driven by Optical Networking (+42%) and Routing/Switching (+88%)
  • Stock plunged 16.1% pre-market to $548 despite earnings beat, as P/E ratio of 399 and overvaluation concerns overshadowed record quarterly performance
  • Adjusted gross margin improved to 44.9% from 40.9% YoY; free cash flow reached $219M (13.9% of revenue) with strong liquidity ratio of 2.81
  • High customer concentration risk identified with two cloud providers; executives project continued growth from hyperscaler demand and AI infrastructure needs
  • Supply chain constraints and regulatory challenges cited as key risks; management emphasizes diversification efforts and strategic initiatives in data center solutions
Last Updated: 06/04/2026, 09:39 AM
Read Full Transcript

Earnings

Latest Release
Jun 04, 2026
EPS / Forecast
1.64 / 1.46
Revenue / Forecast
1.57B / 1.5B
EPS Revisions
Last 90 days

CIEN Income Statement

Compare CIEN to Peers and Sector

Metrics to compare
CIEN
Peers
Sector
Relationship
P/E Ratio
173.0x39.1x12.5x
PEG Ratio
0.55−0.240.01
Price / Book
26.2x12.2x2.4x
Price / LTM Sales
13.6x6.5x2.5x
Upside (Analyst Target)
2.7%17.3%19.8%
Fair Value Upside
Unlock−3.1%2.1%Unlock

Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. It operates through Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services segments. The Networking Platforms segment consists optical networking, routing, and switching products and services. This segment products include the 6500 Packet-Optical Platform, Waveserver modular interconnect system, the 6500 Reconfigurable Line System, and coherent pluggable transceivers; and the 3000 family of service delivery platforms and the 5000 family of service aggregation, as well as the 8100 Coherent Routing platforms and virtualization software. The Platform Software and Services segment offers navigator network control suite; and software subscription services, consulting, network migration and integration, installation and upgrade support services, and technical support solutions. The Blue Planet Automation Software and Services segment inventory management, orchestration, route optimization and analysis, and unified assurance and analytics software; and sells subscription, installation, support, consulting, and design services related to the Blue Planet automation platform. The Global Services segment provides services for advisory and enablement, implementation, and maintenance, support, and learning activities. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
80.88M57.20%50.18B
Other Institutional Investors
53.88M38.10%33.42B
Public Companies & Retail Investors
6.64M4.70%4.12B
Total
141.4M100.00%87.72B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
FMR LLC15.00%21,203,17711,357,058
The Vanguard Group, Inc.10.17%14,376,5797,700,527

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FAQ

What Is the Ciena Corp (CIEN) Stock Price Today?

The Ciena Corp stock price today is 535.63 USD.

What Stock Exchange Does Ciena Corp Trade On?

Ciena Corp is listed and trades on the New York Stock Exchange.

What Is the Stock Symbol for Ciena Corp?

The stock symbol for Ciena Corp is "CIEN."

What Is the Ciena Corp Market Cap?

As of today, Ciena Corp market cap is 75.84B USD.

What Is Ciena Corp's Earnings Per Share (TTM)?

The Ciena Corp EPS (TTM) is 3.09.

When Is the Next Ciena Corp Earnings Date?

Ciena Corp will release its next earnings report on Sep 03, 2026.

From a Technical Analysis Perspective, Is CIEN a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Sell.

How Many Times Has Ciena Corp Stock Split?

Ciena Corp has split 2 times.

How Many Employees Does Ciena Corp Have?

Ciena Corp has 8989 employees.

What is the current trading status of Ciena Corp (CIEN)?

As of Jun 05, 2026, Ciena Corp (CIEN) is trading at a price of 535.63 USD, with a previous close of 535.63 USD. The stock has fluctuated within a day range of 491.00 USD to 552.39 USD, while its 52-week range spans from 70.85 USD to 637.51 USD.

What Is Ciena Corp (CIEN) Price Target According to Analysts?

The average 12-month price target for Ciena Corp is 519.64 USD, with a high estimate of 720 USD and a low estimate of 240 USD. 13 analysts recommend buying the stock, while 1 suggest selling, leading to an overall rating of Buy. The stock has an -2.98% Downside potential.

What Is the CIEN Premarket Price?

CIEN's last pre-market stock price is 522.22 USD. The pre-market share volume is 10,900.00, and the stock has decreased by -13.41, or -2.50%.

What Is the CIEN After Hours Price?

CIEN's last after hours stock price is 523.88 USD, the stock has decreased by -11.75, or -2.19%.
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