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CIEN CIENA CORP

Trailing twelve months to 2026-05-02 · as filed 2026-06-04, not restated
Technology

Scale

Market cap
$56.5bn
Revenue TTM
$5.6bn
Net income TTM
$438m
Free cash flow
$833m
Composite score
37.8
Sector rank
#216

Valuation

P / E
128.9
EV / EBITDA
86.9
EV / sales
10.2
FCF yield
1.47%
Earnings yield vs 10-yr
-3.95pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
7.9%
EBITDA margin
11.7%
ROE
15.2%
ROIC
15.9%
Revenue growth
30.6%

Insider activity, last 90 days

Net open-market
$-18.53m
Buyers
0
Sellers
8

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Networks continue to experience strong demand for increased bandwidth due to traffic growth, which is being driven by a diverse set of services, technologies, and customer needs. Our revenue increased by 40% to $1.6 billion in the second quarter of fiscal 2026 as compared to $1.1 billion in the second quarter of fiscal 2025, with orders for our products and services significantly exceeding our revenue. Gross Margin Dynamics Our gross margin increased to 44.0% in the second quarter of fiscal 2026, compared to 40.2% in the second quarter of fiscal 2025, primarily due to higher product gross margin associated with cost reduction, pricing optimization, and product mix. …CIENA CORP, 10-Q, period ended 2026-05-02, filed 2026-06-04

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