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Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. It operates through Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services segments. The Networking Platforms segment consists optical networking, routing, and switching products and services. This segment products include the 6500 Packet-Optical Platform, Waveserver modular interconnect system, the 6500 Reconfigurable Line System, and coherent pluggable transceivers; and the 3000 family of service delivery platforms and the 5000 family of service aggregation, as well as the 8100 Coherent Routing platforms and virtualization software. The Platform Software and Services segment offers navigator network control suite; and software subscription services, consulting, network migration and integration, installation and upgrade support services, and technical support solutions. The Blue Planet Automation Software and Services segment inventory management, orchestration, route optimization and analysis, and unified assurance and analytics software; and sells subscription, installation, support, consulting, and design services related to the Blue Planet automation platform. The Global Services segment provides services for advisory and enablement, implementation, and maintenance, support, and learning activities. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Ciena Corporation supplies optical transport, packet networking and network automation software to telecom carriers, cloud providers and enterprises for long-haul, metro and data-center interconnects. Long-term bandwidth growth from cloud services, 5G and edge computing could support fiber and optical upgrades, and Ciena's coherent optics and software platforms appear positioned to capture that demand.
Key risks include telecom capex cyclicality, strong competition from large and low-cost vendors, customer concentration, execution on product transitions and supply-chain constraints.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
| Income before tax | 156.29M | 119.85M | 323.65M | 182.50M | 462.75M |
| Net income | 123.34M | 83.96M | 254.83M | 152.90M | 500.20M |
| Selling general administrative | 238.71M | 220.65M | 215.28M | 179.38M | 181.87M |
| Selling and marketing expenses | 581.33M | 510.67M | 490.80M | 466.56M | 452.21M |
| Gross profit | 1979.16M | 1597.17M | 1878.85M | 1560.34M | 1721.98M |
| Reconciled depreciation | 140.34M | 133.47M | 142.18M | 140.20M | 132.27M |
| Ebit | 247.15M | 216.88M | 446.86M | 222.81M | 495.36M |
| Ebitda | 387.49M | 350.35M | 589.04M | 404.18M | 659.76M |
| Depreciation and amortization | 140.34M | 133.47M | 142.18M | 181.37M | 164.40M |
| Operating income | 310.79M | 191.21M | 357.55M | 222.81M | 495.36M |
| Other operating expenses | 4458.72M | 3823.75M | 4001.70M | 3375.43M | 3093.19M |
| Interest expense | 89.40M | 97.03M | 88.03M | 47.05M | 32.60M |
| Tax provision | 32.95M | 35.89M | 68.83M | 29.60M | -37.45M |
| Interest income | 55.02M | 62.12M | 62.01M | 6.75M | 2.05M |
| Net interest income | -36.74M | -34.91M | -26.02M | -40.30M | -32.60M |
| Non recurring | - | - | - | 34.42M | 32.14M |
| Income tax expense | 32.95M | 35.89M | 68.83M | 29.60M | -37.45M |
| Total revenue | 4769.51M | 4014.95M | 4386.55M | 3632.66M | 3620.68M |
| Total operating expenses | 1668.37M | 1405.97M | 1494.00M | 1303.11M | 1194.49M |
| Cost of revenue | 2790.35M | 2417.78M | 2507.70M | 2072.32M | 1898.70M |
| Total other income expense net | -154.50M | -71.36M | -35.18M | -40.30M | -32.60M |
| Net income from continuing ops | 123.34M | 83.96M | 254.83M | 152.90M | 500.20M |
| Net income applicable to common shares | - | - | - | 152.90M | 500.20M |
| Breakdown | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
| Total assets | 5864.67M | 5641.34M | 5601.49M | 5069.63M | 4865.23M |
| Intangible assets | 224.21M | 165.02M | 205.63M | 69.52M | 65.31M |
| Other current assets | 455.32M | 202.09M | 405.69M | 370.05M | 325.65M |
| Total liab | 3135.34M | 2825.20M | 2753.13M | 2356.77M | 1845.21M |
| Total stockholder equity | 2729.32M | 2816.14M | 2848.36M | 2712.86M | 3020.02M |
| Deferred long term liab | - | - | - | 19.68M | 19.96M |
| Other current liab | 526.34M | 354.40M | 431.42M | 360.78M | 409.29M |
| Common stock | 1.41M | 1.43M | 1.45M | 1.48M | 1.55M |
| Capital stock | 1.41M | 1.43M | 1.45M | 1.48M | 1.55M |
| Retained earnings | -3170.11M | -3293.45M | -3377.40M | -3632.23M | -3785.13M |
| Other liab | - | - | - | 212.67M | 224.26M |
| Good will | 521.20M | 444.71M | 444.76M | 328.32M | 311.64M |
| Other assets | - | - | - | 937.62M | 900.07M |
| Cash | 1091.95M | 934.86M | 1010.62M | 994.35M | 1422.55M |
| Total current liabilities | 1308.39M | 999.84M | 932.02M | 1040.58M | 909.03M |
| Current deferred revenue | 208.94M | 156.38M | 154.42M | 137.90M | 118.01M |
| Net debt | 490.26M | 697.39M | 594.40M | 135.02M | -685.07M |
| Short term debt | 30.28M | 30.55M | 28.36M | 25.86M | 25.56M |
| Short long term debt | 11.58M | 11.70M | 11.70M | 6.93M | 6.93M |
| Short long term debt total | 1582.21M | 1632.25M | 1605.02M | 1129.37M | 737.48M |
| Other stockholder equity | 5953.06M | 6154.87M | 6262.08M | 6390.25M | 6803.16M |
| Property plant equipment | - | - | - | 312.89M | 329.25M |
| Total current assets | 3565.51M | 3523.51M | 3575.78M | 3385.90M | 3188.91M |
| Long term investments | 78.88M | 102.65M | 134.28M | 35.38M | 70.04M |
| Net tangible assets | - | - | - | 2315.02M | 2643.06M |
| Short term investments | 216.15M | 316.34M | 104.75M | 153.99M | 181.48M |
| Net receivables | 975.86M | 1249.79M | 1003.88M | 920.77M | 884.96M |
| Long term debt | 1524.16M | 1533.07M | 1543.41M | 1061.12M | 670.36M |
| Inventory | 826.24M | 820.43M | 1050.84M | 946.73M | 374.26M |
| Accounts payable | 542.84M | 423.40M | 317.83M | 516.05M | 356.18M |
| Accumulated other comprehensive income | -55.03M | -46.71M | -37.77M | -46.65M | 0.44M |
| Common stock total equity | - | - | - | 1.48M | 1.55M |
| Retained earnings total equity | - | - | - | -3632.23M | -3785.13M |
| Non currrent assets other | 573.10M | 154.69M | 116.45M | 113.62M | 99.89M |
| Non current assets total | 2299.16M | 2096.92M | 2025.72M | 1683.74M | 1676.32M |
| Capital lease obligations | 89.82M | 87.48M | 49.91M | 61.32M | 60.20M |
| Long term debt total | - | - | - | 1061.12M | 670.36M |
| Breakdown | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
| Investments | 130.40M | -306.48M | -383.45M | 46.67M | -15.85M |
| Change to liabilities | - | - | - | 126.71M | 178.96M |
| Total cashflows from investing activities | -241.50M | -306.48M | - | -101.25M | -90.72M |
| Net borrowings | -15.96M | -15.73M | - | 391.33M | -9.93M |
| Total cash from financing activities | -405.92M | -285.06M | 229.38M | -133.06M | -116.83M |
| Change to operating activities | - | - | - | -62.64M | -25.16M |
| Net income | 123.34M | 83.96M | 254.83M | 152.90M | 500.20M |
| Change in cash | 157.09M | -75.76M | 16.41M | -428.23M | 333.90M |
| Begin period cash flow | 934.86M | 1010.79M | 994.38M | 1422.60M | 1088.71M |
| End period cash flow | 1091.95M | 935.03M | 1010.79M | 994.38M | 1422.60M |
| Total cash from operating activities | 806.09M | 514.53M | 168.33M | -167.76M | 541.65M |
| Issuance of capital stock | 35.88M | 34.29M | 31.36M | 30.35M | 28.46M |
| Depreciation | 140.34M | 133.47M | 142.18M | 140.20M | 132.27M |
| Other cashflows from investing activities | -4.01M | -1.45M | - | 4.94M | 4.68M |
| Dividends paid | - | - | -498.33M | - | -6.93M |
| Change to inventory | -53.60M | 153.02M | -132.50M | -589.11M | -47.57M |
| Change to account receivables | -98.74M | 80.31M | -94.56M | -47.07M | -174.38M |
| Sale purchase of stock | -334.51M | -301.07M | -280.71M | -549.25M | -135.36M |
| Other cashflows from financing activities | -91.33M | -2.55M | 990.28M | 394.52M | 6.93M |
| Change to netincome | - | - | - | 111.25M | -22.66M |
| Capital expenditures | 140.80M | 136.64M | 106.20M | 90.82M | 79.55M |
| Change receivables | - | - | - | -47.07M | -174.38M |
| Cash flows other operating | - | - | - | 8.02M | 27.69M |
| Exchange rate changes | - | - | - | - | -0.20M |
| Cash and cash equivalents changes | - | - | - | -402.06M | 333.90M |
| Change in working capital | 219.84M | 102.76M | -396.75M | -572.11M | -68.15M |
| Stock based compensation | 184.53M | 156.40M | 130.46M | 105.13M | 84.34M |
| Other non cash items | 161.23M | 114.75M | 52.47M | 33.62M | 49.47M |
| Free cash flow | 665.29M | 377.89M | 62.13M | -258.57M | 462.10M |
Sector: Technology Industry: Communication Equipment
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| CIEN Ciena Corp |
-13.76 3.79% |
349.45 | 322.25 | 111.11 | 13.97 | 25.62 | 14.02 | 141.08 |
| CSCO Cisco Systems Inc |
-1.70 1.54% |
108.59 | 31.58 | 19.42 | 6.00 | 7.42 | 6.24 | 21.68 |
| LITE Lumentum Holdings Inc |
5.58 0.61% |
919.53 | - | 38.31 | 24.97 | 16.13 | 24.50 | 114.87 |
| HPE Hewlett Packard Enterprise Co |
-1.46 2.42% |
58.87 | 28.51 | 12.20 | 1.77 | 2.80 | 2.11 | 13.02 |
| NOKBF Nokia Corporation |
- -% |
9.14 | 70.93 | 22.32 | 2.73 | 2.23 | 2.27 | 23.07 |
Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. It operates through Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services segments. The Networking Platforms segment consists optical networking, routing, and switching products and services. This segment products include the 6500 Packet-Optical Platform, Waveserver modular interconnect system, the 6500 Reconfigurable Line System, and coherent pluggable transceivers; and the 3000 family of service delivery platforms and the 5000 family of service aggregation, as well as the 8100 Coherent Routing platforms and virtualization software. The Platform Software and Services segment offers navigator network control suite; and software subscription services, consulting, network migration and integration, installation and upgrade support services, and technical support solutions. The Blue Planet Automation Software and Services segment inventory management, orchestration, route optimization and analysis, and unified assurance and analytics software; and sells subscription, installation, support, consulting, and design services related to the Blue Planet automation platform. The Global Services segment provides services for advisory and enablement, implementation, and maintenance, support, and learning activities. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.
| Name | Title | Year Born |
|---|---|---|
| Dr. Patrick H. Nettles | Exec. Chairman | 1943 |
| Mr. Gary B. Smith | CEO, Pres & Director | 1960 |
| Mr. James E. Moylan Jr. | Sr. VP of Fin. & CFO | 1951 |
| Mr. David M. Rothenstein | Sr. VP, Gen. Counsel & Sec. | 1968 |
| Mr. Jason M. Phipps | Sr. VP of Global Customer Engagement | 1972 |
| Mr. Scott Alexander McFeely | Sr. VP of Global Products & Services | 1964 |
| Mr. Stephen B. Alexander | Sr. VP, CTO & Member of Technology Advisory Council | 1959 |
| Mr. Gregg M. Lampf | VP of Investor Relations | NA |
| Mr. Joseph R. Cumello | Sr. VP of Global Marketing & Communications | 1972 |
| Ms. Jane Hobbs | Chief HR Officer & Sr. VP | NA |
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