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CIEN Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
513.830
Open
500.470
VWAP
505.48
Vol
1.93M
Mkt Cap
71.75B
Low
495.170
Amount
973.68M
EV/EBITDA(TTM)
115.25
Total Shares
141.40M
EV
70.26B
EV/OCF(TTM)
75.54
P/S(TTM)
14.03
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.
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Events Timeline

(ET)
2026-04-16
14:40:00
Slate Auto Closes $650M Series C Funding
select
2026-04-06 (ET)
2026-04-06
20:30:00
Market Sentiment Steady as S&P 500 and Dow Rise
select
2026-04-01 (ET)
2026-04-01
10:00:00
Western Digital and Others See Notable Gains
select
2026-03-31 (ET)
2026-03-31
09:10:00
Vodafone Idea Partners with Ciena to Upgrade Network
select
2026-03-27 (ET)
2026-03-27
10:00:00
Entergy Gains $4.83 to $107.69
select
2026-03-23 (ET)
2026-03-23
10:00:00
Qnity Electronics Stock Rises $8.53 to $116.12
select

News

CNBC
6.0
04-16CNBC
Bank of America Raises Ciena Price Target to $550 Amid Surging Demand
  • Surging Demand: Ciena Corp. is expected to see its stock price rise further due to surging demand for network connectivity, as Bank of America reiterated its buy rating and raised the price target from $355 to $550, implying nearly a 16% upside.
  • Strong Backlog: With a backlog of $7 billion and exploding hyperscaler capital spending, demand for network connectivity is expected to grow further this year, showcasing Ciena's robust position in the optical networking market.
  • Market Share Growth: Analysts expect Ciena's market share of 800G ZR pluggables to increase from about 30% in 2025 to at least 50% in 2026, with the market projected to grow 10x, providing solid growth opportunities for Ciena in the optical networking space.
  • Valuation Justified: Although Ciena trades at over 70 times forward earnings, analysts believe this valuation is fair given the acceleration in future growth, as Ciena continues to capture market share as a leading provider of networking equipment for artificial intelligence.
NASDAQ.COM
6.5
04-15NASDAQ.COM
Surge in AI Infrastructure Investments
  • Surge in AI Infrastructure Spending: According to McKinsey, global capital expenditure for AI-powered data center infrastructure is projected to reach around $7 trillion by 2030, indicating robust market demand that enhances growth potential for related companies.
  • Strong Performance by Ciena: Ciena reported a 33% year-over-year revenue growth and 111% EPS growth in Q1 FY2026, with a backlog of $7 million, reflecting strong demand in the cloud services market and an increase in market share.
  • Growth Drivers for Corning: Corning focuses on developing optical fibers and connectors, with expected revenue and earnings growth rates of 10.1% and 23% for FY2026, driven by increasing demand for its products in AI applications, supporting long-term growth.
  • Lumentum's Technological Leadership: Lumentum achieved a 77.3% revenue growth rate in Q2 FY2026 and is collaborating with NVIDIA on silicon photonics technology, underscoring its critical role in AI infrastructure connectivity solutions.
CNBC
4.5
04-12CNBC
Market Faces Multiple Challenges and Opportunities
  • Impact of Iran War: Since the onset of the Iran war, oil prices have doubled, and despite a significant drop following the two-week ceasefire news, the S&P 500 remains only 2.3% below its all-time high, indicating market resilience and adaptability to rising oil prices.
  • Tech Stock Turmoil: Software stocks like ServiceNow and Salesforce have plummeted by 30% to 40% despite strong profitability due to fears of AI's impact, while hardware stocks have surged by 50% to 150%, reflecting a stark divergence in market sentiment towards the tech sector.
  • Bond Market Stability: The 10-year Treasury yield peaked at 4.5% on March 27 before settling at 4.32%, with the low-rate environment providing support for the stock market, even as discussions about Federal Reserve policies remain prevalent.
  • Bank Earnings Season: Goldman Sachs is set to report earnings, expected to showcase a stronger narrative than traditional banks, while Wells Fargo's performance may be influenced by market underestimations of its historical issues, potentially leading to more realistic expectations.
CNBC
7.5
04-09CNBC
Flex Ltd.: The King of Contract Manufacturing
  • Data Center Growth: Flex's data center manufacturing segment grew by 50% year-over-year, with a forecasted 35% growth for the next year, indicating its crucial role in the rapidly expanding AI sector and enhancing its revenue structure.
  • Margin Improvement: Flex's gross margin nearly doubled from 5.5% in 2020 to 8.4% in 2025, reflecting increased profitability in its high-value product lines and solidifying its competitive position in the contract manufacturing market.
  • Earnings Per Share Growth: Over the past eight years, Flex has achieved an impressive 51% annual growth in earnings per share while reducing its share count by 27%, demonstrating successful capital management through stock buybacks that bolster investor confidence.
  • Technological Trend Adaptation: Flex's transformation in designing, manufacturing, and managing high-end electronic products has positioned it as a critical player in global supply chains, particularly in automotive electronics and medical devices, further enhancing its market competitiveness.
NASDAQ.COM
9.5
04-07NASDAQ.COM
Ciena's Earnings Beat Expectations but Guidance Disappoints
  • Strong Earnings Report: Ciena's Q1 fiscal 2026 results showed a robust 33% year-over-year revenue increase to $1.43 billion, with net income exceeding $197 million ($1.35 per share), both figures surpassing analyst expectations and highlighting the company's strength in high-speed optical networking equipment.
  • Market Reaction Fluctuates: Despite an initial negative investor reaction to the forward guidance, Ciena's stock rebounded to achieve a monthly gain of over 11% following a wave of positive analyst updates, reflecting growing market confidence in the company's long-term prospects.
  • Guidance Adjustment: Management raised its revenue forecast for fiscal 2026 to between $5.9 billion and $6.3 billion, while not providing net income guidance, they anticipate an adjusted operating margin of 17.5% to 19.5%, indicating confidence in future growth.
  • Analyst Rating Upgrades: Several analysts raised their ratings on Ciena, with Bank of America increasing its price target from $260 to $355, and TD Cowen setting an even higher target of $425, demonstrating market recognition of the company's potential amid the AI boom.
Fool
9.5
04-07Fool
Ciena's Earnings Beat Expectations, Stock Rises Over 11%
  • Strong Earnings Report: Ciena's Q1 fiscal 2026 results showed a robust 33% year-over-year revenue increase to $1.43 billion, with net income exceeding $197 million ($1.35 per share), both figures surpassing analyst expectations and highlighting the company's strong position in high-speed optical networking equipment.
  • Market Reaction Shift: Initially negative market sentiment due to concerns over future guidance quickly turned positive as analysts published bullish updates, resulting in a stock price increase of over 11% within a month, reflecting renewed confidence in Ciena's growth prospects.
  • Analyst Rating Upgrades: Several analysts raised their price targets for Ciena, with Bank of America's Tal Liani upgrading his rating from neutral to buy and increasing his target from $260 to $355, indicating strong optimism about the company's future performance.
  • AI Market Opportunities: Ciena is well-positioned to capitalize on the booming AI infrastructure market, with revenue guidance for fiscal 2026 projected between $5.9 billion and $6.3 billion, and an expected adjusted operating margin of 17.5% to 19.5%, underscoring the company's strategic advantages in a rapidly growing sector.
Wall Street analysts forecast CIEN stock price to rise
14 Analyst Rating
Wall Street analysts forecast CIEN stock price to rise
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
190.00
Averages
253.50
High
305.00
Current: 0.000
sliders
Low
190.00
Averages
253.50
High
305.00
JPMorgan
Samik Chatterjee
NULL
to
Overweight
maintain
$380 -> $550
AI Analysis
2026-04-16
New
Reason
JPMorgan
Samik Chatterjee
Price Target
$380 -> $550
AI Analysis
2026-04-16
New
maintain
NULL
to
Overweight
Reason
JPMorgan analyst Samik Chatterjee raised the firm's price target on Ciena to $550 from $380 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the hardware and networking group as part of a Q1 preview. JPMorgan expects AI infrastructure investments across server, switches, copper interconnects and optical to drive upside to AI-levered suppliers in Q1. JPMorgan downgraded four names and opened "positive catalyst watches'" on CDW and Seagate.
BofA
Buy
maintain
$355 -> $550
2026-04-16
New
Reason
BofA
Price Target
$355 -> $550
2026-04-16
New
maintain
Buy
Reason
BofA raised the firm's price target on Ciena to $550 from $355 and keeps a Buy rating on the shares. With backlog up $2B last quarter to $7B total and Hyperscaler capex expected to grow an impressive 65% year-over-year in 2026, the firm sees "no signs of slowdown in the demand environment," the analyst tells investors.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for CIEN
Unlock Now

Valuation Metrics

The current forward P/E ratio for Ciena Corp (CIEN.N) is 105.26, compared to its 5-year average forward P/E of 25.99. 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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
25.99
Current PE
105.26
Overvalued PE
37.74
Undervalued PE
14.24

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
17.75
Current EV/EBITDA
61.58
Overvalued EV/EBITDA
31.08
Undervalued EV/EBITDA
4.41

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
2.44
Current PS
9.44
Overvalued PS
3.74
Undervalued PS
1.13

Financials

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Whales Holding CIEN

A
Analog Century Management, LP
Holding
CIEN
+41.34%
3M Return
W
Wt Asset Management Ltd
Holding
CIEN
+31.11%
3M Return
P
Polar Capital Holdings Plc
Holding
CIEN
+30.60%
3M Return
F
FengHe Fund Management Pte. Ltd.
Holding
CIEN
+24.47%
3M Return
L
LMR Partners LLP
Holding
CIEN
+22.64%
3M Return
P
Peak6 Group LLC
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CIEN
+22.23%
3M Return

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Frequently Asked Questions

What is Ciena Corp (CIEN) stock price today?

The current price of CIEN is 507.43 USD — it has increased 2.48

What is Ciena Corp (CIEN)'s business?

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.

What is the price predicton of CIEN Stock?

Wall Street analysts forecast CIEN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CIEN is253.50 USD with a low forecast of 190.00 USD and a high forecast of 305.00 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.

What is Ciena Corp (CIEN)'s revenue for the last quarter?

Ciena Corp revenue for the last quarter amounts to 1.43B USD, increased 33.09

What is Ciena Corp (CIEN)'s earnings per share (EPS) for the last quarter?

Ciena Corp. EPS for the last quarter amounts to 1.03 USD, increased 232.26

How many employees does Ciena Corp (CIEN). have?

Ciena Corp (CIEN) has 8898 emplpoyees as of April 19 2026.

What is Ciena Corp (CIEN) market cap?

Today CIEN has the market capitalization of 71.75B USD.