NYSE: CIEN
Ciena Corporation
Technology · Communication Equipment
Market Cap
$82.04B
52w High
$605.61
52w Low
$70.77
P/E
358.90
Volume
2.29M
Outstanding Shares
141.40M
Price vs Fundamentals
Why The Stock Is Moving
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
What changed
The stock rose 611.5% over the last year. Revenue grew 25.56% over the trailing twelve months. Operating margin moved from 4.78% to 8.19%. Free cash flow grew 261.88% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (100th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 8.19% — continued expansion would be needed to justify the premium. Revenue growth of 25.56% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Ciena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide.
Valuation
Stock splits
Every 7 shares became 1
Every 1 shares became 2
Profitability & growth
Analyst consensus
32
Buy
10
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jun 4, 2026
Q2 FY26 · EPS est $1.46 · Revenue est $1.5B
View