CIEN

Ciena Corp

Add to Watchlist

Advanced Chart

92.950

+1.88(2.064%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

93.010

Open

91.400

VWAP

Vol

1.42M

Mkt Cap

13.14B

Low

91.165

Amount

EV/EBITDA(TTM)

37.74

Total Shares

143.71M

13.16B

EV/OCF(TTM)

29.20

P/S(TTM)

3.11

Ciena Corporation is a network system, software, and services company which provides hardware, software, and services to a range of network operators and enables enhanced network capacity, service delivery, and automation. Its segments include Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. Networking Platforms segment consists of Optical Networking and Routing and Switching portfolios. Platform Software and Services which provides domain control management, analytics, data and planning tools and applications to assist customers in managing their networks. Blue Planet Automation Software and Services includes inventory management (BPI), multi-domain service orchestration, multi-cloud orchestration, route optimization and analysis (ROA), and unified assurance and analytics (UAA). Global Services segment offers a suite of value-added services that help its customers to build, operate and improve their networks.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

1.16B

+8.23%

0.600

-6.22%

1.21B

+7.74%

0.662

+22.58%

1.17B

+24.64%

0.525

+50.07%

Estimates Revision

The market is revising No Change the revenue expectations for Ciena Corporation (CIEN) for FY2025, with the revenue forecasts being adjusted by 0% over the past three months. During the same period, the stock price has changed by 38.40%.

Revenue Estimates for FY2025

No Change

0.00%

In Past 3 Month

EPS Estimates for FY2025

No Change

0.00%

In Past 3 Month

Stock Price

Go Up

+38.40%

In Past 3 Month

13 Analyst Rating

-5.51% Downside

Wall Street analysts forecast CIEN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CIEN is 87.83 USD with a low forecast of 70.00 USD and a high forecast of 105.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

9 Buy

3 Hold

1 Sell

Moderate Buy

-5.51% Downside

Current: 92.950

Low

70.00

Averages

87.83

High

105.00

-5.51% Downside

Current: 92.950

Low

70.00

Averages

87.83

High

105.00

JPMorgan

NULL -> Overweight

maintain

$83 -> $105

2025-07-17

Reason

JPMorgan

Price Target

$83 -> $105

2025-07-17

maintain

NULL -> Overweight

Reason

JPMorgan raised the firm's price target on Ciena to $105 from $83 and keeps an Overweight rating on the shares. The firm adjusted price targets in hardware and networking, saying it expects upside to second half of 2025 estimates from "robust" cloud spending. However, underlying end market drivers for other customer verticals "remain a watchpoint" as they exhibit more sensitivity to the macro environment, the analyst tells investors in a research note.

Morgan Stanley

Equal Weight -> Underweight

downgrade

$73 -> $70

2025-07-08

Reason

Morgan Stanley

Price Target

$73 -> $70

2025-07-08

downgrade

Equal Weight -> Underweight

Reason

Morgan Stanley downgraded Ciena to Underweight from Equal Weight with a price target of $70, down from $73. The shares are trading above its 3-year valuation average, creating a risk/reward skewed more negatively given minimal earnings follow-through on the revenue upside, the analyst tells investors in a research note. The firm expects Ciena to continue posting revenue upside in the coming quarters given its artificial intelligence opportunity, but does not believe the company's earnings growth accompanying the upside will be meaningful.

Wolfe Research

Outperform

initiated

2025-07-07

Reason

Wolfe Research

Price Target

2025-07-07

initiated

Outperform

Reason

Wolfe Research initiated coverage of Ciena with an Outperform rating.

Northland

Outperform

maintain

$85 -> $100

2025-06-30

Reason

Northland

Price Target

$85 -> $100

2025-06-30

maintain

Outperform

Reason

Northland raised the firm's price target on Ciena to $100 from $85 and keeps an Outperform rating on the shares. Ciena last week noted a material increase in business activity since earnings just a few weeks ago, and described Cloud demand as "through the roof," the analyst tells investors in a research note. Ciena noted supply constraints limiting its ability to respond to the significant uptick in near term demand, pushing demand strength into FY26 for the group of June fiscalyear-ended suppliers and also putting upward pressure on Ciena's fiscal 2026 growth outlook, the firm says.

UBS

Neutral

maintain

$73 -> $78

2025-06-06

Reason

UBS

Price Target

$73 -> $78

2025-06-06

maintain

Neutral

Reason

UBS raised the firm's price target on Ciena to $78 from $73 and keeps a Neutral rating on the shares. While Ciena reported revenue above expectations as Direct Cloud related revenue was up 85% year over year, the strong revenue backdrop is likely to be overshadowed by soft gross margin of 41%, the analyst tells investors in a research note. The company raised its fiscal 2025 revenue growth guidance to ~14% from ~11% previously, but this was expected to some degree, UBS says.

Morgan Stanley

Equal Weight

maintain

$44 -> $73

2025-06-06

Reason

Morgan Stanley

Price Target

$44 -> $73

2025-06-06

maintain

Equal Weight

Reason

Morgan Stanley raised the firm's price target on Ciena to $73 from $44 and keeps an Equal Weight rating on the shares. Fiscal Q2 was "much better than expected on the top-line," as cloud continues to be a source of strength, but the beat was from lower margin pluggables/RLS systems, which caused a shortfall on the bottom line, the analyst noted. With both trends set to continue in the near-term, the firm remains Equal Weight given its view that valuation is "full," the analyst tells investors. The firm could turn more positive were margins of pluggables to improve with 800ZR, but for now it remains on the sidelines, the analyst added.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Ciena Corp (CIEN.N) is 35.79, compared to its 5-year average forward P/E of 22.99. For a more detailed relative valuation and DCF analysis to assess Ciena Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Overvalued

5Y Average PE

22.99

Current PE

35.79

Overvalued PE

31.03

Undervalued PE

14.95

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

13.41

Current EV/EBITDA

20.56

Overvalued EV/EBITDA

17.19

Undervalued EV/EBITDA

9.63

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued

5Y Average PS

2.02

Current PS

2.62

Overvalued PS

2.45

Undervalued PS

1.60