profit from every $100 of sales.
$0$100
Ciena
$280.54-4.57% today
+44.5% in 1 year
1-year low $176.451-year high $627.00
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $322.55 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Ciena sold, what it kept, and what it did with the cash.
Sales went from $3.63 billion in 2022 to $4.77 billion in 2025, with $123 million of profit last year.
SalesProfit
Ciena handed back 64% of the cash it generated last year.
Buybacks $426M
Free cash flow 2025$665M
Bought back its own shares$426M
Paid as dividends–
Cash vs. debt$1.1B vs. $1.6B
Ciena vs. similar companies
Ciena grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Ciena | 322.6× · Very expensive | ||
 Cisco | 28.4× · Fair price | ||
 Foxconn Industrial Internet | 22.6× · Fair price | ||
 Motorola Solutions | 40.8× · Expensive | ||
 Zhongji Innolight | 50.9× · Expensive |
Compare Ciena with Fabrinet
AI analysis
An AI analyst reads Ciena's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 3,532 | 3,621 | 3,633 | 4,387 | 4,015 | 4,770 | |
| 1,653 | 1,722 | 1,560 | 1,879 | 1,720 | 2,005 | |
| – | – | 257 | 385 | 191 | 311 | |
| 609 | 618 | 376 | 559 | 352 | 388 | |
| 361 | 500 | 153 | 255 | 84 | 123 | |
| 2.32 | 3.19 | 1.00 | 1.71 | 0.58 | 0.85 | |
| 46.8% | 47.6% | 43.0% | 42.8% | 42.8% | 42.0% | |
| – | – | 7.1% | 8.8% | 4.8% | 6.5% | |
| 10.2% | 13.8% | 4.2% | 5.8% | 2.1% | 2.6% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 4,181 | 4,865 | 5,070 | 5,601 | 5,641 | 5,865 |
| Cash | 1,089 | 1,423 | 994 | 1,011 | 935 | 1,092 |
| Total debt | 764 | 737 | 1,186 | 1,657 | 1,632 | 1,626 |
| Total liabilities | 1,671 | 1,845 | 2,357 | 2,753 | 2,825 | 3,135 |
| 2,510 | 3,020 | 2,713 | 2,848 | 2,816 | 2,729 | |
| 156 | 157 | 152 | 149 | 146 | 145 | |
| 11.8% | 10.4% | 4.8% | 7.3% | 3.9% | 4.5% | |
| 14.4% | 16.6% | 5.6% | 8.9% | 3.0% | 4.5% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 494 | 542 | -168 | 168 | 515 | 806 | |
| 83 | 80 | 91 | 106 | 137 | 141 | |
| 411 | 462 | -259 | 62 | 378 | 665 | |
| Dividends paid | – | – | – | – | – | – |
| – | – | 549 | 281 | 301 | 426 | |
| 68 | 84 | 105 | 130 | 156 | 185 |
Valuation
- 322.6×
- 45.6×
- –
- 24.0×
- 8.3×
- 59.8×
- 103.8×
- 1.7%
- 0.3%
- 0.0%
Profitability
- 42.0%
- 6.5%
- 2.6%
- 11.9%
- 11.9%
- 5.5%
- 15.7%
- 7.3%
- 13.2%
- 16.2%
Growth
- +6.2%
- −18.2%
- +76.1%
- –
- −2.2%
Financial health
- 0.8×
- 0.54
- 26.1%
- 7.2×
- 2.73
- 2.11
- 0.92
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 32%of 964
Bottom 41%of 972
Bottom 1%of 730
Bottom 38%of 977
Bottom 39%of 981
What analysts expect
- Average price target
- $334.17
- Range
- $190.00 – $416.00
- 12 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Mar 5, 2026 | 1.35 | 1.17 | +15.4% |
| Dec 11, 2025 | 0.91 | 0.78 | +16.7% |
| Sep 4, 2025 | 0.67 | 0.53 | +26.4% |
| Jun 5, 2025 | 0.42 | 0.52 | −18.9% |
| Mar 11, 2025 | 0.64 | 0.41 | +54.7% |
| Dec 12, 2024 | 0.54 | 0.66 | −18.2% |
| Sep 4, 2024 | 0.35 | 0.27 | +30.2% |
| Jun 6, 2024 | 0.27 | 0.16 | +72.9% |
News
Why Ciena, Lumentum and other optical stocks were among the market’s biggest losers on MondayMarketWatch · Oct 12, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
40No pass
Benjamin Graham
54No pass
Philip Fisher
36No pass
Peter Lynch
23No pass
Joel Greenblatt
7No pass
Charlie Munger
35No pass
Terry Smith
30No pass
Questions about Ciena
Is Ciena a good stock to buy?
A business with weak numbers, priced as if everything goes right. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Ciena AI analysis
What does Ciena do?
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. It is in Communication Equipment, based in Hanover, MD, United States, with 8,898 employees.
Does Ciena pay a dividend?
No. Ciena does not pay a dividend at the moment; in 2025 it returned $426 million to shareholders by buying back its own shares.
Is Ciena stock halal?
Yes. Ciena passes our halal screen: its business is permitted and its debt is 4% of its market value, under the 30% limit. How we check
How has Ciena stock done over the past year?
Up 44.5% over the past twelve months, to $280.54. It traded between $176.45 and $627.00 and is 55.3% below its high.
Who are Ciena's competitors?
The largest listed companies in the same industry are Cisco, Foxconn Industrial Internet, Motorola Solutions and Zhongji Innolight. The peers table on this page compares their profit, growth and price with Ciena's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.