CIENA Corp.

CIENA Corp.

CIEN

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Market Cap$82.04B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
CIENA Corp.CIENA Corp.358.9-8%17.20.2

Earnings Call Q1 2026

March 5, 2026 - AI Summary

Strong Financial Performance: Ciena Corporation reported record revenues of $1.43 billion for the fiscal first quarter of 2026, a significant 33% year-over-year increase, reflecting robust demand and operational execution. Adjusted earnings per share (EPS) more than doubled compared to Q1 2025, reaching $1.35.
Positive Outlook and Guidance: The company raised its fiscal 2026 revenue guidance to a range of $5.9 billion to $6.3 billion, indicating a year-over-year growth rate increase from 24% to 28% at the midpoint. Gross margins are expected to increase to between 43.5% and 44.5%, reflecting enhanced operational efficiency and pricing power.
Significant Backlog Growth: Ciena’s backlog surged to approximately $7 billion, up by $2 billion from the previous quarter, with about 80% of this backlog attributed to products and software. This strong backlog suggests sustained demand and a positive outlook for revenue in fiscal 2027.

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$379.07

Target Price by Analysts

38.9% downsideCIENA Target Price DetailsTarget Price
$35.42

Current Fair Value

94.3% downside

Overvalued by 94.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$82.04 Billion
Enterprise Value$81.45 Billion
Dividend Yield$- (-)
Earnings per Share$0.87
Beta1.25
Outstanding Shares141,676,000

Return

Return on Equity8.20%ROE
Return on Assets3.89%
Return on Invested Capital7.46%

Valuation & Multiples

P/E Ratio358.9P/E Ratio
PEG151.32PEG
Price to Sales17.23Price to Sales
Price to Book Ratio32.65Price to Book Ratio
Enterprise Value to Revenue15.9
Enterprise Value to EBIT235.76
Enterprise Value to Net Income355
Total Debt to Enterprise0.01
Debt to Equity0.19Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
March 10, 2026
EPS Estimate
$1.13
Average shareholder expectation
Revenue Estimate
$1.40 B
Average shareholder expectation

Next Earnings Call

Expected Date
June 4, 2026
EPS Estimate
$1.46
Average shareholder expectation
Revenue Estimate
$1.50 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.7307 6.53%
Total Calls2,300,692 13.99%
Total Puts1,681,100 4.64%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %94.68% 10.66%
Total Invested$51.76B 61.01%
Investors Holding1,116 232.00%

ESG Score

No data

About CIENA Corp.

CEO: Gary Smith

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation. Its work is integral to developing and implementing tax policy, which, as with the Finance Committee, directly affects CIENA's corporate tax burden, capital investment incentives, and overall financial health.

Finance

This powerful committee controls taxation, trade, and entitlement spending. Changes in corporate tax rates, R&D tax credits, or international trade policies (e.g., tariffs, supply chain regulations) would directly impact CIENA's profitability, investment decisions, and global operations.

Appropriations

This committee is responsible for allocating discretionary federal spending. Its subcommittees determine the precise funding for various government departments and agencies (e.g., Defense, Homeland Security) that procure CIENA's networking equipment, directly impacting CIENA's potential order books and revenue from government contracts.

Armed Services

This committee oversees the Department of Defense and authorizes the annual National Defense Authorization Act (NDAA). CIENA's networking and communication technologies are critical for military operations, meaning this committee's funding decisions directly impact revenue streams and R&D opportunities for defense contractors like CIENA.

Select Committee on Intelligence

Members receive classified briefings on global threats and intelligence needs. CIENA's advanced networking equipment is vital for secure government and intelligence communications, meaning committee members could possess non-public information directly impacting future government contracts and technology priorities relevant to CIENA.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, including the FCC and telecommunications. CIENA operates directly within the telecommunications sector, making regulations regarding network infrastructure, spectrum, and competition highly relevant and directly impactful on its business.

Homeland Security and Governmental Affairs

CIENA provides networking infrastructure, which is critical for government operations. This committee's oversight of federal contracting and procurement directly impacts CIENA's opportunities to secure significant government contracts, offering members non-public information on future spending and technology priorities.