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Earnings transcript
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CIEN
Ciena Corporation
$447.76
32.37
(7.79%)
| Exchange: | NYSE |
| Market Cap: | 63.342B |
| Shares Outstanding: | 21.521M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Communication Equipment | |||||
| CEO: | Gary Smith | |||||
| Full Time Employees: | 8795 | |||||
| Address: |
| |||||
| Website: | https://www.ciena.com |
Ciena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company’s Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company’s Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system and platform software services, as well as manage, control, and plan software. The company’s Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,386,549 | 4,014,955 | 4,769,507 |
| Gross Profit | 1,878,851 | 1,719,590 | 2,004,917 |
| EBITDA | 558,907 | 351,932 | 388,389 |
| Operating Income | 384,853 | 191,209 | 310,792 |
| Net Income | 254,827 | 83,956 | 123,338 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 5,601,495 | 5,641,337 | 5,864,667 |
| Total Liabilities | 2,753,134 | 2,825,199 | 3,135,344 |
| Total Stockholders Equity | 2,848,361 | 2,816,138 | 2,729,323 |
| Total Debt | 1,657,165 | 1,632,253 | 1,582,210 |
| Cash and Cash Equivalents | 1,010,618 | 934,863 | 1,091,952 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 168,332 | 514,532 | 806,093 |
| Capital Expenditure | -106,197 | 0 | 0 |
| Free Cash Flow | 62,135 | 514,532 | 806,093 |
| Net Income | 254,827 | 83,956 | 123,338 |
| Net Change in Cash | 16,408 | -75,760 | 157,171 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 11,180,522.929 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 13,107,770.259 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 11,976,062.386 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,281,106.441 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,501,937.701 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,372,262.349 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,940,924.667 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 2,275,492.371 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 2,079,029.313 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 6 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance in Q1 2025: As highlighted in the latest earnings call transcript, Ciena reported robust fiscal first-quarter results for 2025, with revenue growth driven by high demand from service providers and cloud customers. This indicates a solid market position and effective execution of business strategies.
- Positive Revenue Trends: Analysis of income statements shows consistent revenue growth over recent periods, supported by diversified product categories and geographic segments as per revenue product and geo segment data. This diversification mitigates risk and supports stable income streams.
- Healthy Profitability Metrics: Key metrics such as gross profit margin TTM and net profit margin TTM reflect strong operational efficiency. Additionally, a favorable ROE (Return on Equity) TTM suggests effective use of shareholder equity to generate profits.
- Solid Cash Flow Position: Cash flow statements indicate strong net cash provided by operating activities and positive free cash flow, providing financial flexibility for reinvestment and debt management.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CIEN intrinsic value between $51.87 – $54.67 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about CIEN valuation
Is Ciena Corporation (CIEN) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Ciena Corporation (CIEN) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CIEN a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CIEN trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CIEN’s P/E ratio?
You can see CIEN’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CIEN?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CIEN a good long-term investment?
Whether CIEN fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CIEN
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Daily snapshot
7.79
Trading Metrics:
| Open: | 400.98 | Previous Close: | 415.39 | |
| Day Low: | 400 | Day High: | 453 | |
| Year Low: | 49.21 | Year High: | 453 | |
| Price Avg 50: | 327.9 | Price Avg 200: | 195.78 | |
| Volume: | 3.372M | Average Volume: | 2.684M |
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Login — it's freeCIEN full analysis
Welcome to MARKETSNAP’s SWOT analysis for Ciena Corporation, a key player in the networking and optical communications space. If you’re not familiar with Ciena, they’re a company deeply embedded in the tech sector, focusing on networking systems, services, and software that power some of the world’s most critical internet infrastructure. They operate in the communications equipment industry, helping service providers and cloud giants manage massive data flows. Today, we’re diving into what makes Ciena tick, breaking down their strengths, weaknesses,…
