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CIEN

Ciena Corp
$460.72 -1.62 (-0.35%) At close · Jul 10
Market Cap
$65.22B
Shares
141,552,922

Price & Indicators

20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$460.72 Open$453.00 Day$450.00–464.42 52W$76.89–637.51 Avg vol 30d3.4M Short int3.9M · 2.7% float · 1.0d Short vol46% Last earningsJun 4, 2026 DataJan 2020–Jul 2026 Filing10-Q · Jun 4
Up next
Next earnings call
Sep 3, 2026 Est · unconfirmed · in 8 wks
FQ3-26 quarter ends
~Jul 31, 2026 Est
filed Jun 4, 2026
AI Brief

TL;DR.

Bullish
    Bearish

      AI-generated from the earnings call and 8-K · may contain errors · not investment advice

      Equibles Rating blended score · not investment advice
      Overall
      Buy
      SellHoldBuy
      Technical Buy Momentum Very Strong Sentiment Neutral Fundamentals Excellent Quant / Vol Very High
      Market backdrop VIX 15 · calm Equity put/call 0.55
      Technical
      price trend
      Buy
      50 / 200-day cross No cross
      Price vs 200-day avg +38%
      above
      Price vs 50-day avg −10%
      below
      RSI (14) 48
      neutral
      MACD trend Positive
      52-week position 68%
      mid-range
      Momentum
      relative strength
      Very Strong
      1-month return +6%
      trailing
      6-month return +89%
      trailing
      YTD return +97%
      this year
      Relative strength +80%
      vs S&P · 6-mo
      Sentiment
      smart money
      Neutral
      Trend (MA cross) No cross
      50d $510 › 200d $333 — 50d above 200d
      Institutional flow Distributing
      63 of 1,086 funds reported for Jun 30 · net -117.2K sh shares · +13 new
      Insider flow Distributing
      Net -$11.5M over 90 days · 100% sells
      Short interest Falling
      2.72% of float · ▼ -19.1% MoM · 1.0 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Multi-yr high
      1,086 holders — near 3-yr high, broad support
      Squeeze score 43
      elevated · 0–100
      Fundamentals
      Excellent
      Revenue growth +19%
      Y/Y
      Gross margin 42%
      contracting
      EPS growth +47%
      Y/Y
      Free cash flow $665.3M
      Valuation P/E 153.6
      rich
      Buyback $481.6M
      remaining
      Balance sheet $414.7M
      net cash
      Quant / Vol
      risk profile
      Very High
      Volatility 68%
      annualized · 1-yr
      Max drawdown −33%
      past year
      ATR 7.4%
      of price · 14-day

      Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

      Guidance & track record
      Latest guidance · from the 8-K filed Jun 4, 2026
      fiscal third quarter 2026
      Revenue Initiated $1.58B – $1.68B
      prior qtr $1.57B midpoint +3.5% QoQ
      Adjusted (non-GAAP) gross margin Non-GAAP Initiated 44.5% – 45.5%
      Adjusted (non-GAAP) operating expense Non-GAAP Initiated $400M – $420M
      Adjusted (non-GAAP) operating margin Non-GAAP Initiated 19% – 20%
      fiscal year 2026
      Revenue Initiated $6.2B – $6.4B
      prior FY $4.77B midpoint +32.1% Y/Y
      Adjusted (non-GAAP) gross margin Non-GAAP Initiated 44.5% – 45%
      Adjusted (non-GAAP) operating expense Non-GAAP Initiated $1.59B – $1.63B
      Adjusted (non-GAAP) operating margin Non-GAAP Initiated 18.5% – 19.5%

      Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

      Technicals

      trend & momentum for long-term holders Buy
      1 · 3 · 2
      50 / 200-day cross
      No cross Neutral
      Price vs 200-day avg
      +38% Bullish
      Price vs 50-day avg
      −10% Bearish
      RSI (14)
      48 Neutral
      MACD trend
      Positive Bullish
      52-week position
      68% Neutral
      Market signals — smart money & positioning
      Mixed
      Trend (MA cross) No cross
      50d $510 › 200d $333 — 50d above 200d
      Institutional flow Distributing
      63 of 1,086 funds reported for Jun 30 · net -117.2K sh shares · +13 new
      Insider flow Distributing
      Net -$11.5M over 90 days · 100% sells
      Short interest Falling
      2.72% of float · ▼ -19.1% MoM · 1.0 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Multi-yr high
      1,086 holders — near 3-yr high, broad support
      Price context
      position in its 52-week range
      52-wk low $77 Now $461 · 68% 52-wk high $638
      vs 200-day avg +38% vs 50-day avg -10%

      Illustrative technical + ownership context — a signal mix, not investment advice.

      Key metrics

      the company's own KPIs, from its earnings releases, calls, and filings
      Metric Latest Period YoY
      Average days' sales outstanding (DSOs) 71 Q2 FY2026
      Share repurchases 0.2M Q2 FY2026
      adjusted earnings per share non-GAAP $1.35 Q1 FY2026 call
      adjusted gross margin non-GAAP 44.7% Q1 FY2026 call
      orders in India year-over-year growth 40% Q1 FY2026 call

      Figures exactly as the company stated them · click a metric with a to chart its history · period links open the stating document · "call" marks figures stated on the earnings call, "filing" figures stated in the 10-K/10-Q · YoY needs the prior-year figure on file

      Versus peers

      Communication Equipment — same industry group
      Open screener →
      Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
      CIEN
      Ciena Corp
      this stock
      $65.22B +97.0% +18.8% 153.6 2.7%
      CSCO
      Cisco Systems, Inc.
      $478.14B +58.3% +10.6% 40.3 1.4%
      MSI
      Motorola Solutions, Inc.
      $70.20B +10.6% +5.7% 34.1 2.2%
      NOK
      Nokia Corp
      $69.45B +92.3% 1.1%
      HPE
      Hewlett Packard Enterprise Co
      $64.28B +103.4% +13.8% 44.5 5.1%

      Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

      At a glance

      key data from every section
      Ownership
      Institutional Holders Reducing
      Holders
      1,095
      % held
      92.4%
      Reported
      63 of 1,086
      Top holder
      FMR LLC
      Held Float
      View
      Held by Funds
      Fund positions
      854
      View
      Short & Settlement
      Short Interest Falling
      Shares short
      3.9M
      Days to cover
      1.0d
      Change
      -907.0K sh
      View
      Short Volume
      Short vol %
      46%
      As of
      Jul 10, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      27.6K
      Value
      $12.3M
      As of
      Jun 12, 2026
      View
      Off-Exchange
      Off-exchange %
      50.8%
      Week of
      Jun 15, 2026
      Off-exch Lit
      View
      Smart Money
      Insider Trades Net selling
      Net (90d)
      -$11.5M
      Buyers / Sellers
      0 / 4
      Buyers Sellers
      View
      Congressional Trades Buy
      Member
      Gilbert Cisneros
      Amount
      $1.0K–$15.0K
      Traded
      May 29, 2026
      View
      Financials
      Financials
      Revenue (FY)
      $4.8B
      Net income (FY)
      $123.3M
      EPS diluted
      $0.85
      View
      Buybacks
      Authorized
      $1.0B
      Remaining
      $481.6M
      Spent Remaining
      View
      Filings
      SEC Filings
      Latest
      8-K
      Filed
      Jun 11, 2026
      This year
      8
      View
      Proposed Sales
      Value
      $1.2M
      Shares
      2.6K
      Filed
      Jul 1, 2026
      View
      Earnings & Events
      Earnings Calls
      Last call
      Jun 4, 2026
      View
      Investor Relations
      Latest news
      Telefónica Deutschland and Blue P…
      Published
      Jun 23, 2026
      View

      Performance

      5D 20D 120D MTD YTD
      CIEN +9.1% +6.0% +89.0% -6.1% +97.0%
      SPY +1.4% +4.1% +9.1% +1.1% +10.7%
      vs SPY +7.7% +1.9% +79.9% -7.2% +86.3%

      Capital returns

      Buyback program · as of May 29, 2026
      Authorized
      $1.00B
      Spent (derived)
      $518.40M
      Remaining
      $481.60M
      Spent Remaining

      Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

      Key facts CIK 936395 CUSIP 171779309 13F (30d) 66 filings 63 filers Visit website Investor relations