CIEN Stock - Ciena Corporation
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $4.77B | $4.01B | $4.39B | $3.63B | $3.62B |
| Gross Profit | $1.98B | $1.60B | $1.75B | $1.43B | $1.60B |
| Gross Margin | 41.5% | 39.8% | 39.9% | 39.4% | 44.2% |
| Operating Income | $310.79M | $191.21M | $384.85M | $257.23M | $527.49M |
| Net Income | $123.34M | $83.96M | $254.83M | $152.90M | $500.20M |
| Net Margin | 2.6% | 2.1% | 5.8% | 4.2% | 13.8% |
| EPS | $0.87 | $0.58 | $1.71 | $1.01 | $3.22 |
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. The company's Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system and platform software services, as well as manage, control, and plan software. The company's Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 12th 2025 | Northland Capital | Downgrade | Market Perform | $190 |
| October 13th 2025 | BNP Paribas Exane | Upgrade | Outperform | $185 |
| October 10th 2025 | Morgan Stanley | Upgrade | Equal Weight | $140 |
| September 26th 2025 | Rosenblatt | Upgrade | Buy | $175 |
| September 5th 2025 | Needham | Reiterated | Buy | $130← $90 |
| September 5th 2025 | B. Riley Securities | Downgrade | Neutral | $113 |
| July 8th 2025 | Morgan Stanley | Downgrade | Underweight | $70 |
| March 12th 2025 | Northland Capital | Upgrade | Outperform | $75 |
| January 28th 2025 | JP Morgan | Upgrade | Overweight | $88← $84 |
| December 13th 2024 | BofA Securities | Upgrade | Buy | $95← $70 |
| October 28th 2024 | Morgan Stanley | Downgrade | Equal Weight | $63 |
| October 15th 2024 | Evercore ISI | Downgrade | In-line | $65 |
| October 9th 2024 | Exane BNP Paribas | Downgrade | Neutral | $67← $59 |
| October 7th 2024 | JP Morgan | Downgrade | Neutral | $65 |
| September 23rd 2024 | Citigroup | Upgrade | Buy | $68← $44 |
Earnings History & Surprises
CIENEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 10, 2026 | $1.06 | — | — | — |
Q4 2025 | Dec 11, 2025 | $0.78 | $0.91 | +16.7% | ✓ BEAT |
Q3 2025 | Sep 4, 2025 | $0.53 | $0.67 | +26.4% | ✓ BEAT |
Q2 2025 | Jun 5, 2025 | $0.52 | $0.42 | -18.9% | ✗ MISS |
Q1 2025 | Mar 11, 2025 | $0.41 | $0.64 | +54.7% | ✓ BEAT |
Q4 2024 | Dec 12, 2024 | $0.66 | $0.54 | -18.2% | ✗ MISS |
Q3 2024 | Sep 4, 2024 | $0.27 | $0.35 | +30.2% | ✓ BEAT |
Q2 2024 | Jun 6, 2024 | $0.16 | $0.27 | +72.9% | ✓ BEAT |
Q1 2024 | Mar 7, 2024 | $0.47 | $0.66 | +40.4% | ✓ BEAT |
Q4 2023 | Dec 7, 2023 | $0.69 | $0.75 | +8.7% | ✓ BEAT |
Q3 2023 | Aug 31, 2023 | $0.53 | $0.59 | +11.3% | ✓ BEAT |
Q2 2023 | Jun 6, 2023 | $0.60 | $0.74 | +23.3% | ✓ BEAT |
Q1 2023 | Mar 6, 2023 | $0.36 | $0.64 | +77.8% | ✓ BEAT |
Q4 2022 | Dec 8, 2022 | $0.08 | $0.61 | +662.5% | ✓ BEAT |
Q3 2022 | Sep 1, 2022 | $0.35 | $0.33 | -5.7% | ✗ MISS |
Q2 2022 | Jun 2, 2022 | $0.54 | $0.50 | -7.4% | ✗ MISS |
Q1 2022 | Mar 7, 2022 | $0.47 | $0.47 | 0.0% | = MET |
Q4 2021 | Dec 9, 2021 | $0.85 | $0.85 | 0.0% | = MET |
Q3 2021 | Sep 2, 2021 | $0.79 | $0.92 | +16.5% | ✓ BEAT |
Q2 2021 | Jun 3, 2021 | $0.48 | $0.62 | +29.2% | ✓ BEAT |
Latest News
Morgan Stanley Maintains Equal-Weight on Ciena, Raises Price Target to $213
➖ NeutralCitigroup Maintains Buy on Ciena, Raises Price Target to $280
📈 PositiveBarclays Maintains Overweight on Ciena, Raises Price Target to $279
📈 PositiveJP Morgan Maintains Overweight on Ciena, Raises Price Target to $250
📈 PositiveMorgan Stanley Maintains Equal-Weight on Ciena, Raises Price Target to $195
➖ NeutralArgus Research Maintains Buy on Ciena, Raises Price Target to $280
📈 PositiveRosenblatt Maintains Buy on Ciena, Raises Price Target to $305
📈 PositiveB of A Securities Maintains Buy on Ciena, Raises Price Target to $260
📈 PositiveCiena shares are trading higher after the company reported better-than-expected Q4 results and issued upbeat Q1 sales guidance.
📈 PositiveCiena soars on strong Q4 results, guidance
📈 PositiveCiena Sees FY2026 Sales $5.700B-$6.100B vs $4.710B Est
📈 PositiveCiena Sees Q1 Sales $1.350B-$1.430B vs $1.252B Est
📈 PositiveCiena Q4 Adj. EPS $0.91 Beats $0.77 Estimate, Sales $1.352B Beat $1.290B Estimate
📈 PositiveStifel Maintains Buy on Ciena, Raises Price Target to $230
📈 PositiveCiena shares are trading higher after Needham maintained a Buy rating and raised its price target from $130 to $240.
📈 PositiveNeedham Maintains Buy on Ciena, Raises Price Target to $240
📈 PositiveNeedham Maintains Buy on Ciena, Raises Price Target to $240
📈 PositiveRosenblatt Maintains Buy on Ciena, Maintains $175 Price Target
📈 PositiveMorgan Stanley Maintains Equal-Weight on Ciena, Raises Price Target to $185
➖ NeutralCitigroup Maintains Buy on Ciena, Raises Price Target to $230
📈 PositiveFrequently Asked Questions about CIEN
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