Ciena (CIEN)
Information Technology · Optical networking and software-defined networking (SDN)
Ciena is a software-driven networking vendor that designs and deploys optical networking and software platforms enabling service providers and enterprises to build high-capacity, intelligent networks.
What Ciena does
Ciena Corporation designs, manufactures, and sells optical networking equipment and software-defined networking solutions that enable service providers, governments, and enterprises to build and operate intelligent, high-capacity networks. The company operates through two primary segments: Products, which include optical transport, routing, switching, and software platforms; and Services, which encompass software subscriptions, professional services, and technical support. Ciena's solutions leverage optical and packet technologies to deliver scalable, manageable network infrastructure for cloud, 5G, and AI data center applications.
Themes: ["AI infrastructure","Cloud networking","5G / wireless transport","Data center interconnect","Software-defined networking","Optical transport","Network automation","Service provider infrastructure","Enterprise networking"]
Fundamentals
- Price$462.34 as of 2026-07-09 close
- Market cap$67.4B as of 2026-07-10
- 1-year return+482.8% as of 2026-07-09 close
- P/E153.79 as of 2026-07-10
- Net margin+7.9% as of 2026-07-10
- Gross margin+43.0% as of 2026-07-10
- ROE+15.7% as of 2026-07-10
- Debt / equity0.53 as of 2026-07-10
- Revenue growth (YoY)+30.6% as of 2026-07-10
- Revenue CAGR (3y)+9.5% SEC XBRL
- Beta1.30 as of 2026-07-10
Key risks (from latest filing)
["Intense competition from well-capitalized vendors (Nokia, Ericsson, Juniper) and emerging players in optical and SDN markets, which could pressure pricing and market share.","Dependence on service provider capital expenditure budgets and telecom industry cycles; customer concentration among large carriers creates revenue volatility.","Technology transition risk: rapid evolution toward AI-driven networks and open-RAN architectures requires continuous R&D investment and product innovation to remain competitive."]
Competitors & peers
- Nokia (NOK)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.