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Ciena

NYSE: CIEN

Stock price

387.66 USD

(+0%) TODAY

Communications EquipmentCommunication Equipment

Financial Performance

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5Y price score: 824

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 1,678.3%

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    90.0

    52-week range

    637.5

    387.66

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    Required return / cost of capital
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    FCFF terminal growth rate
    %

    Your fair value & Margin of safety

    To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

    Forecast:

    Valuation

    Free Cash Flow Yield

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    FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

    1.5 %

    Dividend Yield TTM

    -

    Market cap $

    $ 54,874

    Price / Earnings TTM

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    P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

    129.2

    Price / Book TTM

    19

    PEG TTM

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    Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

    0.1

    Earnings growth and return

    LTM

    5YR

    10YR

    Total return (price & dividends)

    327.2 %

    583.1 %

    1,678.3 %

    Free cash flow per share growth

    69 %

    73.8 %

    175.1 %

    Earnings per share growth

    2,307.1 %

    (63.4) %

    750 %

    Founded: 1,992

    Employees: 8,795

    Business Summary:Ciena Corporation is a global technology company focused on telecommunications infrastructure. It delivers integrated solutions – including specialized hardware, software applications, and professional services – designed to facilitate the efficient transmission, routing, switching, aggregation, delivery, and overall management of video, data, and voice traffic across communication networks worldwide. Within its Networking Platforms division, Ciena develops and supplies advanced hardware and integrated solutions. These products are specifically engineered to optimize the convergence of various optical transport methods (like coherent optical transport and optical transport network switching) with packet switching, enabling high-performance data handling. The product portfolio spans a range of packet-optical platforms (e.g., the 6500, 5400, and Z-Series), reconfigurable switching systems (such as the 5430), Waveserver interconnect systems, and dedicated switches for service delivery and aggregation (including the 3000 and 5000 families). This segment also provides the essential operating system software and advanced features embedded within its hardware offerings. Ciena's Blue Planet Automation Software and Services arm is dedicated to intelligent network automation. It offers solutions for orchestrating services across multiple network domains, maintaining precise network inventory, optimizing data routes, coordinating virtualized network functions (NFV), and delivering insightful analytics, alongside related support. The Platform Software and Services segment provides unified management platforms, exemplified by its OneControl system, as well as other software tools for comprehensive network planning, operational control, and ongoing oversight. Finally, the Global Services segment delivers end-to-end client support. This includes strategic consulting, detailed network architecture design, expert installation and deployment, ongoing maintenance, and comprehensive training programs. The company distributes its cutting-edge products and services to network operators through both direct sales forces and indirect channel partners. Established in 1992, Ciena Corporation maintains its corporate headquarters in Hanover, Maryland.

    Fair Value Reference Estimate

    Latest Earnings Call Takeaways

    2026 Q2 (Jun 4, 2026)

    1) Strong Financial Performance - Ciena reported Q2 2026 revenues of $1.57 billion, a 40% YoY increase. - Adjusted gross margin expanded to 44.9%, up 4 percentage points from the previous year. - Adjusted earnings per share nearly quadrupled to $1.64. - The company achieved a free cash flow of $219 million, representing 13.9% of revenue.

    2) Market Dynamics and Growth Opportunities - Ciena's growth is driven by AI-led demand from cloud and service providers, with a projected doubling of the addressable market to $50 billion by 2029. - The Optical Networking business grew 42% YoY, while Routing and Switching surged 88%, primarily due to demand for the DCOM solution. - The company is seeing increased capital expenditures from hyperscalers, indicating a shift towards network infrastructure investments.

    3) Product Innovations and Strategic Wins - Ciena announced the launch of its RLS Hyper-Rail, a next-generation intelligent line system, which has already secured a multi-rail order from a leading hyperscaler. - The DCOM solution is ramping well, contributing to significant growth in the Routing and Switching segment. - The company is also expanding its interconnects portfolio, with strong demand for 400-gig and 800-gig pluggables.

    4) Operational Challenges and Supply Chain Management - Ciena is navigating a constrained supply environment while managing a growing backlog of $7.7 billion, which increased by $600 million sequentially. - The company is focused on securing supply and manufacturing capacity to meet demand, with ongoing investments in supply chain optimization. - Challenges remain with certain components, particularly pump lasers and modems, but Ciena's vertical integration helps buffer some supply chain issues.

    5) Guidance and Future Outlook - For Q3 2026, Ciena expects revenue of approximately $1.625 billion and an adjusted gross margin of 45%. - The full-year revenue guidance is raised to $6.3 billion, reflecting a 32% YoY growth. - The company anticipates continued strong demand and visibility into 2027, supported by a robust backlog and ongoing customer collaborations.

    Bottom line: Ciena's strong Q2 performance, driven by AI demand and strategic product innovations, positions the company for sustained growth and profitability, making it an attractive investment for shareholders.

    Annual Reports, Presentations And IR Contacts

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    Ciena — Financial Overview, Stock Price, Market Cap

    Ciena is a company. Founded in 1992. As of August 26, 2026, the company's market capitalization is $54874405743 with a current stock price of $387.66.