Ciena Corporation (CIEN) Financial Statements

Ciena Corporation

CIEN · NYSE

	FY2026	FY2025	FY2023	FY2022	FY2021	FY2020	FY2020	FY2019
Total Revenue	$4.77B	$4.01B	$4.39B	$3.63B	$3.62B	$3.53B	$3.57B	$3.57B
Cost of Revenue	$2.76B	$2.30B	$2.51B	$2.07B	$1.90B	$1.88B	$2.03B	$2.03B
Gross Profit	$2.00B	$1.72B	$1.88B	$1.56B	$1.72B	$1.65B	$1.54B	$1.54B
Research & Development	$848.33M	$767.50M	$750.56M	$624.66M	$536.67M	$529.89M	$548.14M	$548.14M
Selling, General & Administrative	$238.71M	$220.65M	$215.28M	$179.38M	$181.87M	$169.55M	$174.40M	$174.40M
Operating Expenses	$1.81B	$1.55B	$1.52B	$1.34B	$1.23B	$1.17B	$1.20B	$1.20B
Operating Income	$197.53M	$166.62M	$357.55M	$222.81M	$495.36M	$486.96M	$346.77M	$346.77M
Interest Expense	—	—	$88.03M	$47.05M	$30.84M	$31.32M	$37.45M	$37.45M
Other Income / (Expense)	-$2.36M	-$1.58M	-$5.05M	-$5.92M	-$533.00K	-$1.11M	-$737.00K	-$737.00K
Income Before Taxes	$156.29M	$119.85M	$323.65M	$182.50M	$462.75M	$455.96M	$313.19M	$313.19M
Provision for Income Taxes	$32.95M	$35.89M	$68.83M	$29.60M	-$37.45M	$94.67M	$59.76M	$59.76M
Net Income	$123.34M	$83.96M	$254.83M	$152.90M	$500.20M	$361.29M	$253.43M	$253.43M
Basic EPS	$0.87	$0.58	$1.71	$1.01	$3.22	$2.34	$1.63	$1.63
Diluted EPS	$0.85	$0.58	$1.71	$1.00	$3.19	$2.32	$1.61	$1.61
Basic Shares Outstanding	142.22M	144.72M	148.97M	151.21M	155.28M	154.29M	155.72M	155.72M
Diluted Shares Outstanding	145.25M	145.96M	149.38M	152.19M	156.74M	155.96M	157.61M	157.61M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Oct 2026	$5.40	$5.30	$5.56	9	↑0 ↓0
Oct 2027	$8.48	$6.44	$10.18	9	↑0 ↓0
Oct 2028	$11.89	$11.73	$12.05	2	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: CIEN
Type: Stock
Sector: Utilities
Industry: Telecommunications Equipment
Country: North America
Exchange: NYSE

Ciena is the global leader in high-speed connectivity. We build the world's most advanced networks to support exponential growth in bandwidth demand. By harnessing the power of our networking systems, interconnects, automation software, and services, Ciena revolutionizes data transmission and network management. With unparalleled expertise and innovation, we empower our customers, partners, and communities to thrive in the AI era. For updates on Ciena, follow us on LinkedIn or visit the Ciena website.

Key Issues

Bullish view

Hyperscalers scaling distributed AI factories need high-speed optical networking, creating a structural demand opportunity for Ciena’s infrastructure.

Bearish view

The evidence establishes an industry need but does not identify a Ciena-specific contract, order value or booking figure proving that the company will capture the opportunity.

Analyst Consensus

See all

Buy

15 analysts

$416

Current

—

Low

$607

Average

—

High

Average target implies +45.91% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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