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Ciena

CIEN

Ciena Corporation is a network technology company that provides high-capacity hardware, software, and services to global network operators.

Market cap
$65.45B+490%
Revenue$5.6B+30.6%
Net income$438.3M+318%
Free cash flow$832.7M+62.5%
EPS (diluted)$3.00+311%
Trailing twelve months · change vs. prior year

Earnings

Next report

Sep 3, 2026 (in 2 months)
Revenue estimate$1.6B
EPS estimate$1.73

Financials

Q2 2026

Income statement

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Revenue$1.6B+39.5%
Gross profit$691.6M+52.7%
Operating income$237.9M+624%
Net income$218.2M+2,333%
EPS (diluted)$1.49+2,383%

Balance sheet

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Cash & equivalents$1.0B+10.0%
Total debt$1.6B-0.8%
Total equity$2.9B+4.2%
Total assets$6.0B+6.7%

Cash flow

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Operating cash flow$259.7M+65.5%
CapEx$41.0M+42.8%
Free cash flow$218.7M+70.5%

Valuation & ratios

Valuation

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Market cap$65.45B+490%
Enterprise value$65.98B+451%
P/E149.3×+41.2×
P/S11.8×+9.1×

Profitability

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Gross margin43%+1.1pp
Operating margin9.2%+4.5pp
Net margin7.9%+5.4pp
FCF margin15%

Returns & leverage

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Return on equity15.5%+11.8pp
Debt / equity0.5×0.0×
Current ratio2.7×-0.7×

Segments

By product

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Optical Networking$1.1B+42.2%
Routing and Switching$174.2M+87.9%
Platform Software and Services$93.9M+9.9%
Maintenance, Support, and Learning$89.3M
Implementation$79.7M

By segment

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Networking Platforms$1.3B+47.1%
Global Services$179.4M+22.7%
Platform Software and Services$93.9M+9.9%
Blue Planet Automation Software and Services$23.4M-16.4%

By geography

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Americas$1.2B+44.2%
EMEA$196.0M+2.3%
APAC$172.5M+71.7%

Competitors

Profile

Ciena Corporation is a network technology company that provides high-capacity hardware, software, and services to global network operators. The company specializes in optical networking, routing, and switching solutions that enable automated, scalable, and energy-efficient data transmission for applications such as cloud computing, 5G, and artificial intelligence.

Competitive position

Ciena is a global leader in optical networking and coherent modem technology, positioning itself as a critical provider for AI-driven data center interconnect and network transformation.

GeographiesGlobal
Customer segmentsCloud Providers, Telecommunications Carriers, Government, Enterprise
Business modelHardware Sales, Software Licensing, Subscription Services, Professional Services
SuppliersSemiconductor manufacturers, Optical component suppliers, Contract manufacturers, Software developers
CustomersHyperscale cloud providers, Wireless and wireline carriers, Submarine cable operators, Multi-service operators (MSOs)
Listed1997
Employees8.5K
CEOGary Smith
Websiteciena.com
FilingsSEC EDGAR

Questions, answered.

What is Ciena's market cap?
Ciena (CIEN) has a market capitalization of $65.4B and trades on NYSE.
What is Ciena's revenue and profitability?
Ciena generated $5.6B in trailing twelve-month revenue with net income of $438.3M, representing a net margin of 7.9%. Gross margin stands at 43.0%, with free cash flow of $832.7M. These figures are based on the Q2 2026 filing.
Who are Ciena's competitors?
Ciena's key competitors include Cisco Systems, Inc., Nokia Corporation, Harmonic Inc, and others. These companies compete in similar markets and product categories.
What subsidiaries does Ciena have?
Ciena's subsidiaries include Nubis Communications, Inc., Blue Planet.
Where is Ciena headquartered?
Ciena is headquartered in United States of America and employs approximately 8,483 people. It has been publicly traded since 1997.