Ciena Corporation logo CIEN - Ciena Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 32
HOLD 10
SELL 0
STRONG
SELL
0
| PRICE TARGET: $356.25 DETAILS
HIGH: $585.00
LOW: $190.00
MEDIAN: $360.00
CONSENSUS: $356.25
DOWNSIDE: 38.97%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Revenue
Revenue 4,769.5 4,015.0 4,386.5 3,632.7 3,620.7 3,532.2 3,572.1 3,094.3 2,801.7 2,600.6 2,445.7 2,288.3 2,082.5 1,833.9 1,742.0 1,236.6 652.6 902.4 779.8 564.1 427.3 298.7 283.1 361.2 1,603.2 858.8 482.1 508.1 373.8
Cost of Revenue 2,764.6 2,295.4 2,507.7 2,072.3 1,898.7 1,879.3 2,030.1 1,779.6 1,555.9 1,439.0 1,495.5 1,441.5 1,322.8 1,220.5 1,162.6 881.3 392.6 483.8 442.9 331.5 367.1 333.9 210.1 596.0 904.5 412.8 247.6 222.2 156.2
Gross Profit 2,004.9 1,719.6 1,878.9 1,560.3 1,722.0 1,652.9 1,542.1 1,314.7 1,245.8 1,161.6 950.2 846.8 759.7 613.4 579.3 355.3 260.0 418.7 336.9 232.6 60.2 (35.2) 73.0 (234.9) 698.7 446.0 234.5 285.9 257
Operating Expenses
R&D Expenses 848.3 767.5 750.6 624.7 536.7 529.9 548.1 491.6 475.3 451.8 391.8 359.6 331.7 311.9 319.7 284.8 189.8 175.0 127.3 111.1 100.0 122.8 212.5 239.6 235.8 129.1 104.6 64.5 23.3
SG&A Expenses 820.0 731.3 706.1 645.9 634.1 586.0 597.4 554.2 498.8 482.6 435.9 457.0 426.6 384.8 377.4 296.2 181.2 213.0 166.0 148.9 151.3 144.6 175.2 216.2 239.6 152.9 84.6 63.7 37.6
Other Expenses 25.8 29.6 37.4 32.5 55.9 50.1 49.7 39.0 57.0 71.1 0 0 0 0 0 0 0 0 0 0 0 0 51.8 793.5 1,963.0 64.6 52.2 33.8 10.3
Operating Expenses 1,694.1 1,528.4 1,494.0 1,303.1 1,226.6 1,165.9 1,195.3 1,084.7 1,031.1 1,005.4 827.7 816.6 758.3 696.7 697.1 581.0 371.0 388.0 293.3 259.9 251.3 267.4 439.6 1,249.3 2,438.4 346.6 241.4 162 68
Operating Income
Operating Income 310.8 191.2 384.9 257.2 495.4 487.0 346.8 229.9 214.7 156.2 122.5 30.2 1.4 (83.3) (117.8) (225.7) (111.0) 30.7 43.7 (27.3) (191.2) (302.6) (366.5) (1,484.2) (1,739.7) 99.4 (6.9) 123.9 189
Interest Expense 91.8 98.6 93.1 53.0 31.4 31.3 37.5 55.2 55.9 56.7 51.2 47.1 44.0 39.7 37.9 18.6 7.4 12.9 27.0 24.2 28.4 26.8 107.3 1,030.8 1,809.1 0 12.1 60.5 0
Interest Income 55.0 62.1 45.0 10.1 2.1 6.9 14.4 13.7 6.6 4.1 1.2 0.4 0.6 16.0 6.0 3.9 9.5 36.8 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 388.4 351.9 558.9 375.7 626.4 619.8 473.4 314.1 334.9 285.1 210.7 133.2 90.9 38.5 6.2 (143.1) (521.7) 111.0 154.8 71.6 (329.9) (654.6) (218.6) (1,125.3) 371.2 164.0 45.3 157.7 199.3
EBIT 248.1 218.5 416.7 235.5 494.1 487.3 350.6 204.0 212.0 143.4 74.9 20.4 (36.1) (95.0) (149.9) (313.0) (575.1) 54.5 112.7 26.1 (406.0) (761.5) (332.6) (1,258.8) (1,678.4) 99.4 (6.9) 123.9 189
Income Before Tax 156.3 119.8 323.7 182.5 462.8 456.0 313.2 148.8 156.1 86.7 23.8 (26.7) (80.2) (134.7) (187.8) (331.6) (582.5) 41.5 85.7 2.0 (434.4) (788.3) (385.3) (1,486.8) (1,706.7) 120.6 (6) 93.4 183.9
Income Tax Expense 32.9 35.9 68.8 29.6 (37.4) 94.7 59.8 493.5 (1,105.8) 14.1 12.1 14.0 5.2 9.3 7.7 1.9 (1.3) 2.6 2.9 1.4 1.3 1.1 1.3 110.7 87.3 39.2 (2.1) 40.2 71
Net Income 123.3 84.0 254.8 152.9 500.2 361.3 253.4 (344.7) 1,262.0 72.6 11.7 (40.6) (85.4) (144.0) (195.5) (333.5) (581.2) 38.9 82.8 0.6 (435.7) (789.5) (386.5) (1,597.5) (1,794.1) 81.4 (3.9) 53.2 112.9
Per Share Data
EPS (Basic) 0.87 0.58 1.71 1.01 3.22 2.34 1.63 -2.49 8.89 0.52 0.10 -0.38 -0.83 -1.45 -2.04 -3.58 -6.37 0.44 0.97 0.01 -5.30 -10.59 -6.06 -30.61 -40.26 2.03 -0.10 1.36 5.39
EPS (Diluted) 0.85 0.58 1.71 1.00 3.19 2.32 1.61 -2.40 7.53 0.51 0.10 -0.38 -0.83 -1.45 -2.04 -3.58 -6.37 0.42 0.87 0.01 -5.30 -10.59 -6.06 -30.61 -40.26 1.89 -0.10 1.26 3.92
Shares Outstanding 142.2 144.7 149.0 151.2 155.3 154.3 155.7 138.6 142.0 138.3 118.4 105.8 102.3 99.3 95.9 93.1 91.2 89.1 85.5 83.8 82.2 74.5 63.8 52.2 44.6 40.2 38.2 33.7 21.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997
Current Assets
Cash & Cash Equivalents 1,092.0 934.9 1,010.6 994.4 1,422.5 1,088.6 904.0 745.4 640.5 777.6 485.7 550.7 202.6 309.7 377.2 397.9 143.2 143.4 227.4 263.1
Short-Term Investments 216.1 316.3 104.8 154.0 181.5 150.7 109.9 149.0 279.1 275.2 563.2 366.3 753.3 796.8 1,130.4 902.6 95.1 119 0 0
Net Receivables 975.9 1,249.8 1,187.6 1,100.8 1,004.7 827.2 837.0 812.8 633.9 584.4 121.2 142.4 45.9 43.6 28.7 395.1 248.9 144.3 85.5 63.2
Inventory 826.2 820.4 1,050.8 946.7 374.3 344.4 345.0 262.8 267.1 211.3 88.1 93.5 47.6 45.0 47.0 255.0 141.3 79.6 70.9 41.1
Other Current Assets 455.3 45.4 41.8 70.6 44.3 44.9 40.5 37.6 40.9 42.4 12.5 0 29.9 0 0 186.9 184.5 46.7 44.2 11.2
Total Current Assets 3,565.5 3,523.5 3,551.3 3,385.9 3,166.9 2,599.3 2,370 2,123.3 1,979.4 1,994.1 1,301.5 1,180.3 1,079.3 1,229.4 1,637.7 2,191.1 813.0 533 428 378.6
Non-Current Assets
Property, Plant & Equipment 38.6 365.1 315.3 312.9 329.3 329.4 286.9 292.1 308.5 288.4 61.9 60.0 51.3 114.9 197.0 331.5 189.2 125.3 123.4 67.4
Goodwill 521.2 444.7 444.8 328.3 311.6 310.8 297.9 298.0 267.5 267.0 0 455.7 408.6 0 212.5 178.9 0 0 0 0
Intangible Assets 224.2 165.0 205.6 69.5 65.3 96.6 112.8 148.2 101.0 146.7 60.8 92.2 208.0 444.4 62.5 47.9 9.0 12.6 16.3 0
Long-Term Investments 57.1 80.9 134.3 35.4 70.0 82.2 10.0 59.0 49.8 90.2 8.0 156 329.7 519.7 570.9 494.7 0 0 0 0
Other Non-Current Assets 573.1 154.7 116.5 113.6 99.9 102.8 89.0 71.7 63.6 75.9 67.9 231.9 389.9 589.4 641.5 (113.6) 15.9 6.9 4.7 1.2
Total Non-Current Assets 2,299.2 2,096.9 2,025.7 1,683.7 1,676.3 1,569.8 1,511.5 1,613.9 1,945.4 869.2 198.6 839.8 1,057.8 1,148.8 1,113.4 1,126.2 214.2 144.8 144.4 68.6
Total Assets 5,864.7 5,641.3 5,601.5 5,069.6 4,865.2 4,180.9 3,893.3 3,756.5 3,951.7 2,882.4 1,504.4 2,024.6 2,137.1 2,378.2 2,751.0 3,317.3 1,027.2 677.8 572.4 447.2
Current Liabilities
Account Payables 542.8 423.4 317.8 516.0 356.2 291.9 344.8 340.6 260.1 235.9 53.1 44.8 31.5 44.4 39.8 68.7 70.2 34.4 27.9 24.8
Short-Term Debt 11.6 11.7 11.7 6.9 6.9 6.9 7 7 352.3 236.2 0 0 0 0 0.9 1.0 0.7 1 0 0
Deferred Revenue 208.9 156.4 154.4 137.9 118.0 108.7 111.4 111.1 102.4 109.0 40.6 36.8 21.6 14.5 15.4 29.5 0 0 0 0
Other Current Liabilities 228.0 168.3 222.1 192.8 159.8 168.9 175.3 318.0 275.8 165.2 0 62.6 29.5 28.4 35.1 22.1 102.4 70.1 34 28.8
Total Current Liabilities 1,308.4 999.8 932.0 1,040.6 909.0 760.7 845.9 963.0 1,037.7 891.9 198.8 179.3 158.6 186.2 223.8 254.4 173.3 105.5 61.9 53.6
Non-Current Liabilities
Long-Term Debt 1,524.2 1,533.1 1,543.4 1,061.1 670.4 676.4 680.4 686.5 583.7 1,026.0 798 798 690 730.4 848.6 869.9 4.9 4.9 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 (14.5) 151.3 64.1 39.1 37 34.1 28.2
Other Non-Current Liabilities 175.4 142.4 122.2 97.2 104.2 61.6 83.5 51.2 37.9 100.1 0 2.6 118.0 69.4 (15.4) 0 0 (0.1) 1.5 1.8
Total Non-Current Liabilities 1,827.0 1,825.4 1,821.1 1,316.2 936.2 910.6 874.6 864.2 777.6 1,224.2 849.7 846.3 824.1 861.1 999.9 933.9 44.0 41.8 35.6 30
Total Liabilities 3,135.3 2,825.2 2,753.1 2,356.8 1,845.2 1,671.3 1,720.6 1,827.2 1,815.4 2,116.1 1,048.5 1,025.6 982.6 1,047.3 1,223.8 1,188.3 217.4 147.3 97.5 83.6
Stockholders' Equity
Common Stock 1.4 1.4 1.4 1.5 1.5 1.5 1.5 1.5 1.4 1.4 0.9 0.9 5.7 4.7 4.3 3.3 2.9 1.4 0 0
Retained Earnings (3,170.1) (3,293.4) (3,377.4) (3,632.2) (3,785.1) (4,283.1) (4,644.4) (4,947.7) (4,664.3) (5,926.2) (5,211.3) (4,630.2) (4,316.9) (3,527.4) (3,140.9) (1,543.4) 250.6 169.3 179.5 117.5
Accumulated Other Comprehensive Income (55.0) (46.7) (37.8) (46.6) 0.4 (35.4) (22.1) (5.8) (11.0) (24.3) 1.2 (1.3) (16.6) (7.7) 5.0 1.6 (0.9) (0.2) (41.1) (11.5)
Total Stockholders' Equity 2,729.3 2,816.1 2,848.4 2,712.9 3,020.0 2,509.6 2,172.8 1,929.3 2,136.3 766.3 455.8 998.9 1,154.4 1,330.8 1,527.3 2,129.0 809.8 530.5 474.9 363.6
Total Liabilities & Equity 5,864.7 5,641.3 5,601.5 5,069.6 4,865.2 4,180.9 3,893.3 3,756.5 3,951.7 2,882.4 1,504.4 2,024.6 2,137.1 2,378.2 2,751.0 3,317.3 1,027.2 677.8 572.4 447.2
Debt Metrics
Total Debt 1,582.2 1,632.3 1,657.2 1,186.3 803.7 828.1 755.5 693.5 936.0 1,288.9 806.6 798 690 791.7 849.6 870.9 5.6 5.9 0 0
Net Debt 490.3 697.4 646.5 192.0 (618.9) (260.5) (148.6) (52.0) 295.5 511.2 320.8 247.3 487.4 482.1 472.4 473.0 (137.6) (137.5) (227.4) (263.1)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997
Operating Activities
Net Income 123.3 84.0 254.8 152.9 500.2 361.3 253.4 (344.7) 1,262.0 72.6 (386.5) (789.5) (386.5) (1,597.5) (1,794.1) 81.4 (3.9) 53.2 112.9
Depreciation & Amortization 140.3 133.5 142.2 140.2 132.3 132.5 122.7 110.0 122.9 141.7 113.9 133.8 146.4 711.7 2,049.6 64.6 52.2 33.8 10.2
Stock-Based Compensation 184.5 156.4 130.5 105.1 84.3 67.8 59.7 53.0 48.4 52.0 0 11.9 70.6 589.6 1,948.7 0 0 0 0
Change in Working Capital 219.8 102.8 (396.8) (572.1) (68.2) (199.9) (99.6) (150.8) (155.7) (51.5) (65.5) (48.7) (77.8) 252.1 (304.3) (173.4) (55.9) (77.3) (63.6)
Other Non-Cash Items 161.2 114.8 52.5 33.6 49.5 67.6 57.0 98.1 84.1 25.5 107.8 458.9 76.8 (168.2) (1,736.4) 204.1 25.3 32 20.6
Operating Cash Flow 806.1 514.5 168.3 (167.8) 541.6 493.7 413.1 229.3 234.9 289.5 (230.3) (245.4) (241.2) (25.5) 157.0 59.0 17.7 35.5 80.1
Investing Activities
Capital Expenditure (140.8) (136.6) (106.2) (90.8) (79.5) (82.7) (62.6) (67.6) (94.6) (107.2) (29.5) (33.0) (29.5) (66.3) (238.5) (123.9) (46.8) (86.4) (66.6)
Acquisitions (231.1) 0 (230.0) (62.0) 4.7 (28.3) (2.7) (82.7) 0 (32) 1.1 4.9 (29.7) 286.9 54.1 0 0 0 0
Purchases of Investments (214.2) (309.2) (252.3) (652.0) (172.8) (219.7) (159.4) (279.2) (301.8) (387.7) (1,050.0) (696.3) (1,065.0) (1,521.5) (1,714.1) (269.1) (274.9) (93.9) 0
Sales/Maturities of Investments 348.6 140.8 208.1 703.6 156.9 110.4 248.7 410.1 335.1 230.6 1,414.8 897.7 1,426.8 1,547.5 420.9 289.9 171.9 77.9 0
Other Investing Activities (4.0) (1.5) (3.0) 0 0 0 0 0.1 (0.1) 0.0 (44.7) (2.5) 0 (10) (13.0) 0 0.1 (2.1) 0
Investing Cash Flow (241.5) (306.5) (383.5) (101.2) (90.7) (220.2) 24.1 (19.3) (61.4) (296.3) 291.7 170.7 302.6 236.6 (1,490.6) (103.2) (149.7) (104.5) (66.6)
Financing Activities
Net Debt Issuance (16.0) (15.7) 485.1 391.3 (9.9) (7.9) (10.3) (4.7) (330.7) (23.3) (36.9) (49.1) (144.6) (254.7) 676.7 (0.3) 1.6 (0.8) (2.3)
Stock Repurchased (334.5) (301.1) (280.7) (549.3) (135.4) (107.0) (179.1) (115.7) 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (91.3) (2.6) (6.4) 24.9 0 (0.4) (112.5) (1.9) (0.7) (4.0) (101.6) 0.0 1.9 7.7 4.6 0.2 11.9 0.2 0.9
Financing Cash Flow (405.9) (285.1) 229.4 (133.1) (116.8) (87.2) (279.0) (99.2) (311.1) (4.2) (128.9) (32.3) (128.9) (231.8) 1,588.4 43.9 24.8 27.8 227.1
Cash Position
Net Change in Cash 157.1 (75.8) 16.4 (428.2) 333.9 184.5 158.7 104.9 (137.1) (13.4) (67.5) (107.0) (67.5) (20.7) 254.7 (0.3) (107.3) (41.2) 240.6
Cash at Beginning 934.9 1,010.8 994.4 1,422.6 1,088.7 904.2 745.4 640.5 777.6 791.0 377.2 309.7 377.2 397.9 143.2 143.4 250.7 268.6 22.6
Cash at End 1,092.0 935.0 1,010.8 994.4 1,422.6 1,088.7 904.2 745.4 640.5 777.6 309.7 202.6 309.7 377.2 397.9 143.2 143.4 227.4 263.2
Free Cash Flow 665.3 377.9 62.1 (258.6) 462.1 411.0 350.6 161.6 140.3 182.3 (259.8) (278.4) (270.7) (91.8) (81.6) (64.9) (29.1) (50.9) 13.5
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Income Statement
Revenue 4,769.5 4,015.0 4,386.5 3,632.7 3,620.7 3,532.2 3,572.1 3,094.3 2,801.7 2,600.6 2,445.7 2,288.3 2,082.5 1,833.9 1,742.0 1,236.6 652.6 902.4 779.8 564.1 427.3 298.7 283.1 361.2 1,603.2 858.8 482.1 508.1 373.8
Gross Profit 2,004.9 1,719.6 1,878.9 1,560.3 1,722.0 1,652.9 1,542.1 1,314.7 1,245.8 1,161.6 950.2 846.8 759.7 613.4 579.3 355.3 260.0 418.7 336.9 232.6 60.2 (35.2) 73.0 (234.9) 698.7 446.0 234.5 285.9 257
Operating Income 310.8 191.2 384.9 257.2 495.4 487.0 346.8 229.9 214.7 156.2 122.5 30.2 1.4 (83.3) (117.8) (225.7) (111.0) 30.7 43.7 (27.3) (191.2) (302.6) (366.5) (1,484.2) (1,739.7) 99.4 (6.9) 123.9 189
Net Income 123.3 84.0 254.8 152.9 500.2 361.3 253.4 (344.7) 1,262.0 72.6 11.7 (40.6) (85.4) (144.0) (195.5) (333.5) (581.2) 38.9 82.8 0.6 (435.7) (789.5) (386.5) (1,597.5) (1,794.1) 81.4 (3.9) 53.2 112.9
EPS (Diluted) 0.85 0.58 1.71 1.00 3.19 2.32 1.61 -2.40 7.53 0.51 0.10 -0.38 -0.83 -1.45 -2.04 -3.58 -6.37 0.42 0.87 0.01 -5.30 -10.59 -6.06 -30.61 -40.26 1.89 -0.10 1.26 3.92
Balance Sheet
Cash & Equivalents 1,092.0 934.9 1,010.6 994.4 1,422.5 1,088.6 904.0 745.4 640.5 777.6 485.7 550.7 202.6 309.7 377.2 397.9 143.2 143.4 227.4 263.1
Total Assets 5,864.7 5,641.3 5,601.5 5,069.6 4,865.2 4,180.9 3,893.3 3,756.5 3,951.7 2,882.4 1,504.4 2,024.6 2,137.1 2,378.2 2,751.0 3,317.3 1,027.2 677.8 572.4 447.2
Total Debt 1,582.2 1,632.3 1,657.2 1,186.3 803.7 828.1 755.5 693.5 936.0 1,288.9 806.6 798 690 791.7 849.6 870.9 5.6 5.9 0 0
Stockholders' Equity 2,729.3 2,816.1 2,848.4 2,712.9 3,020.0 2,509.6 2,172.8 1,929.3 2,136.3 766.3 455.8 998.9 1,154.4 1,330.8 1,527.3 2,129.0 809.8 530.5 474.9 363.6
Cash Flow
Operating Cash Flow 806.1 514.5 168.3 (167.8) 541.6 493.7 413.1 229.3 234.9 289.5 (230.3) (245.4) (241.2) (25.5) 157.0 59.0 17.7 35.5 80.1
Capital Expenditure (140.8) (136.6) (106.2) (90.8) (79.5) (82.7) (62.6) (67.6) (94.6) (107.2) (29.5) (33.0) (29.5) (66.3) (238.5) (123.9) (46.8) (86.4) (66.6)
Free Cash Flow 665.3 377.9 62.1 (258.6) 462.1 411.0 350.6 161.6 140.3 182.3 (259.8) (278.4) (270.7) (91.8) (81.6) (64.9) (29.1) (50.9) 13.5