Ciena
CIEN
446.45
+2.80
+0.63%
Ciena
US · CIEN
#441 by market cap
Listed 1970
446.45
+2.80
+0.63%
Live - 5344 symbols - heartbeat 76s ago
· 2026-10-08 07:00
Pre-market
433.90
-2.81%
After-hours
446.62
+0.04%
Overnight
436.20
-2.30%
- Market cap
- 63.31B
- P/E (TTM)i
- 99.88
- P/Bi
- 20.71
- EPSi
- 0.85
- Div yieldi
- 0.00%
- 52W posi
- 60%
Reader sentiment
Are you bullish or bearish on CIEN?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 12.81, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +18.79% YoY
Margins
- Gross margin
- 42.04%
- Operating margin
- 6.52%
- Net margin
- 2.59%
Key ratios & quality
- Enterprise valuei
- 63.56B
- Altman Z-Scorei
- 12.81
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.09B | 3.57B | 3.53B | 3.62B | 3.63B | 4.39B | 4.01B | 4.77B |
| Gross profit | 1.31B | 1.54B | 1.65B | 1.72B | 1.56B | 1.88B | 1.72B | 2.00B |
| Selling & admin expenses | 554.19M | 597.45M | 585.97M | 634.09M | 645.95M | 706.09M | 731.32M | 820.04M |
| Research & development | 491.56M | 548.14M | 529.89M | 536.67M | 624.66M | 750.56M | 767.50M | 848.33M |
| Operating profit | 253.20M | 374.67M | 513.65M | 527.49M | 257.23M | 384.85M | 191.21M | 310.79M |
| Pretax profit | 148.78M | 313.19M | 455.96M | 462.75M | 182.51M | 323.65M | 119.85M | 156.29M |
| Tax | 493.47M | 59.76M | 94.67M | -37.45M | 29.60M | 68.83M | 35.89M | 32.95M |
| Net profit | -344.69M | 253.43M | 361.29M | 500.20M | 152.90M | 254.83M | 83.96M | 123.34M |
| Basic EPS | -2 | 2 | 2 | 3 | 1 | 2 | 1 | 1 |
| Diluted EPS | -2.49 | 1.61 | 2.32 | 3.19 | 1.00 | 1.71 | 0.58 | 0.85 |
| Line item | 2025-05 | 2025-08 | 2025-10 | 2026-01 | 2026-05 | 2026-07 |
|---|---|---|---|---|---|---|
| Revenue | 1.13B | 1.22B | 1.35B | 1.43B | 1.57B | 1.67B |
| Gross profit | 452.84M | 503.08M | 577.18M | 625.52M | 691.55M | 759.27M |
| Selling & admin expenses | 196.64M | 209.32M | 223.68M | 208.11M | 211.26M | 216.81M |
| Research & development | 214.87M | 211.90M | 228.90M | 221.46M | 237.91M | 236.67M |
| Operating profit | 34.79M | 75.31M | 118.49M | 191.22M | 238.68M | 302.07M |
| Pretax profit | 19.02M | 65.82M | 2.86M | 181.12M | 231.06M | 310.62M |
| Tax | 10.05M | 15.51M | -16.63M | 30.83M | 12.84M | 44.20M |
| Net profit | 8.97M | 50.31M | 19.49M | 150.28M | 218.22M | 266.42M |
| Basic EPS | 0 | 0 | 0 | 1 | 2 | 2 |
| Diluted EPS | 0.06 | 0.35 | 0.13 | 1.03 | 1.49 | 1.83 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 2.14B | 2.38B | 2.61B | 3.19B | 3.39B | 3.58B | 3.54B | 3.57B |
| Cash & ST investments | 894.40M | 1.01B | 1.24B | 1.60B | 1.15B | 1.12B | 1.25B | 1.31B |
| Inventory | 262.75M | 345.05M | 344.38M | 374.27M | 946.73M | 1.05B | 820.43M | 826.24M |
| Total assets | 3.76B | 3.89B | 4.18B | 4.87B | 5.07B | 5.60B | 5.64B | 5.86B |
| Total current liabilities | 963.00M | 845.94M | 760.70M | 909.03M | 1.04B | 932.02M | 999.84M | 1.31B |
| Short-term debt | 10.55M | 9.76M | 28.80M | 29.18M | 29.61M | 32.31M | 30.55M | 30.28M |
| Long-term debt | 686.45M | 680.41M | 676.36M | 670.36M | 1.06B | 1.54B | 1.53B | 1.52B |
| Total liabilities | 1,827,189,000.00 | 1,720,585,000.00 | 1,671,320,000.00 | 1,845,209,000.00 | 2,356,771,000.00 | 2,753,134,000.00 | 2,825,199,000.00 | 3,135,344,000.00 |
| Total equity | 1.93B | 2.17B | 2.51B | 3.02B | 2.71B | 2.85B | 2.82B | 2.73B |
| Retained earnings | -4.95B | -4.64B | -4.28B | -3.79B | -3.63B | -3.38B | -3.29B | -3.17B |
| Line item | 2025-05 | 2025-08 | 2025-10 | 2026-01 | 2026-05 | 2026-07 |
|---|---|---|---|---|---|---|
| Total current assets | 3.56B | 3.69B | 3.57B | 3.54B | 3.57B | 5.26B |
| Cash & ST investments | 1.25B | 1.33B | 1.31B | 1.30B | 1.20B | 2.63B |
| Inventory | 874.33M | 860.40M | 826.24M | 845.82M | 808.45M | 871.99M |
| Total assets | 5.66B | 5.75B | 5.86B | 5.89B | 6.04B | 8.00B |
| Total current liabilities | 1.05B | 1.12B | 1.31B | 1.26B | 1.31B | 1.39B |
| Short-term debt | 24.75M | 26.27M | 30.28M | 29.82M | 29.05M | 17.40M |
| Long-term debt | 1.53B | 1.53B | 1.52B | 1.52B | 1.52B | 3.23B |
| Total liabilities | 2,882,987,000.00 | 2,961,477,000.00 | 3,135,344,000.00 | 3,100,001,000.00 | 3,147,224,000.00 | 4,940,502,000.00 |
| Total equity | 2.78B | 2.79B | 2.73B | 2.79B | 2.89B | 3.06B |
| Retained earnings | -3.24B | -3.19B | -3.17B | -3.02B | -2.80B | -2.54B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 229.26M | 413.14M | 493.65M | 541.65M | -167.76M | 168.33M | 514.53M | 806.09M |
| Depreciation & amortization | 110.02M | 122.71M | 132.53M | 132.27M | 140.20M | 142.18M | 133.47M | 140.34M |
| Free cash flow | 161.65M | 350.56M | 410.99M | 462.10M | -258.57M | 62.14M | 377.89M | 665.29M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -92.61M | -156.19M | -78.94M | -106.90M | -518.91M | -249.35M | -266.78M | -389.95M |
| Ending cash balance | 745.43M | 904.16M | 1.09B | 1.42B | 994.38M | 1.01B | 935.03M | 1.09B |
| Line item | 2025-05 | 2025-08 | 2025-10 | 2026-01 | 2026-05 | 2026-07 |
|---|---|---|---|---|---|---|
| Operating cash flow | 156.95M | 174.35M | 371.08M | 227.65M | 259.70M | 196.26M |
| Depreciation & amortization | 33.87M | 35.65M | 37.36M | 43.83M | 45.21M | 48.69M |
| Free cash flow | 128.21M | 134.60M | 325.65M | 153.76M | 218.65M | 116.30M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -103.80M | -80.87M | -115.74M | -153.39M | -173.73M | -251.11M |
| Ending cash balance | 949.94M | 1.06B | 1.09B | 1.12B | 1.05B | 2.45B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -16.96 | 12.36 | 15.43 | 18.09 | 5.33 | 9.16 | 2.96 | 4.45 |
| ROA %i | -8.94 | 6.63 | 8.95 | 11.06 | 3.08 | 4.78 | 1.49 | 2.14 |
| ROIC %i | -10.73 | 9.70 | 12.11 | 14.56 | 4.89 | 6.96 | 2.45 | 3.46 |
| 5-year avg ROE %i | -- | 19.41 | 21.65 | 23.17 | 6.85 | 12.08 | 10.20 | 8.00 |
| EBIT margin %i | 6.63 | 9.84 | 13.75 | 13.64 | 6.48 | 9.50 | 5.44 | 5.20 |
| FCF / sales %i | 5.22 | 9.81 | 11.64 | 12.76 | -- | 1.42 | 9.41 | 13.95 |
| Current ratioi | 2.22 | 2.82 | 3.43 | 3.51 | 3.25 | 3.84 | 3.54 | 2.73 |
| Quick ratioi | 1.77 | 2.19 | 2.72 | 2.87 | 2.16 | 2.47 | 2.33 | 1.91 |
| Debt / assetsi | 20.37 | 19.40 | 19.81 | 16.52 | 23.40 | 29.58 | 28.93 | 27.72 |
| LT debt / equityi | 39.12 | 34.32 | 31.85 | 25.65 | 42.64 | 57.05 | 56.88 | 58.45 |
| Interest coveragei | 3.64 | 9.20 | 16.33 | 15.83 | 4.45 | 4.48 | 2.22 | 2.70 |
| Revenue CAGR (3Y) %i | 8.16 | 11.16 | 8.03 | 5.38 | 0.56 | 7.49 | 3.51 | 9.50 |
| Net income CAGR (3Y) %i | -- | 51.71 | -34.09 | -- | -15.50 | -10.99 | -44.84 | -6.91 |
| FCF CAGR (3Y) %i | -6.85 | 24.35 | 43.09 | 41.92 | -- | -46.73 | -6.49 | -- |
| Line item | 2025-05 | 2025-08 | 2025-10 | 2026-01 | 2026-05 | 2026-07 |
|---|---|---|---|---|---|---|
| ROE %i | 3.71 | 4.96 | 4.45 | 8.20 | 15.46 | 22.40 |
| ROA %i | 1.86 | 2.49 | 2.14 | 4.00 | 7.49 | 9.52 |
| ROIC %i | 2.97 | 3.75 | 3.46 | 5.85 | 10.55 | 12.32 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 5.85 | 6.53 | 5.20 | 6.99 | 10.20 | 13.21 |
| FCF / sales %i | 6.84 | 13.33 | 13.95 | 14.48 | 14.95 | 13.53 |
| Current ratioi | 3.40 | 3.28 | 2.73 | 2.81 | 2.73 | 3.80 |
| Quick ratioi | 2.09 | 2.09 | 1.91 | 1.80 | 1.72 | 2.79 |
| Debt / assetsi | 28.07 | 27.61 | 27.72 | 26.96 | 26.17 | 41.09 |
| LT debt / equityi | 56.33 | 56.00 | 58.45 | 55.83 | 53.65 | 106.93 |
| Interest coveragei | 2.56 | 3.12 | 2.70 | 4.00 | 6.53 | 11.38 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Networking Platforms is the largest reported line at 81.12% of revenue, across 4 reported segments.
- The next-largest line, Global Services, is a distant second at 11.58% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Networking Platforms81.12%
Global Services11.58%
Platform Software and Services5.90%
Blue Planet Automation Software and Services1.39%
Quote time 2026-10-08 07:00:13 · For reference only, not investment advice and not tailored to your situation.