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CI

Ciena Corporation

CIENTechnologyNASDAQ

Communication Equipment

PriceMA150MA200
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Financials · Annual
Revenue
$4.77B
+18.8% YoY
Net Income
$123.3M
+46.9% YoY
EBITDA
$388.4M
+10.4% YoY
Free Cash Flow
$699.3M

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About Ciena Corporation

Part of the technology sector, Ciena Corporation (CIEN) is listed under Communication Equipment. The $82.04B market capitalization puts CIEN squarely in large-cap range for its industry. It operates through Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services segments.

Key stats
Market Cap$82.04B
P/E (TTM)376.77
Fwd P/E66.35
EPS$1.57
Beta1.25
52W Change+609.8%
ROE8.2%
Analysis

Ciena Corporation carries $1.59B in total debt against $1.30B in cash reserves — debt is modestly above the cash position. Managing this leverage effectively will be important for long-term financial stability. Annual free cash flow of $699.3M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 8.2% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 4.6% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $3.63B (2022) to $4.77B (2025), reflecting a 31% increase over the period.

At over 50x earnings, CIEN carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing CIEN.

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