Ciena Corporation (CIEN)Technology | Communication Equipment | Fulton, United States | NYSE
400.40 USD
-4.61
(-1.138%) ⇩
(Oct. 13, 2026, 4 p.m.
EDT)
After hours: 401.00 +0.60 (0.150%) ⇧ (Oct. 13, 2026, 8 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 10:38 a.m. EDT
Ciena is surging on strong momentum, rallying nearly 30% in the last two weeks as institutional buying and options flow align for upside. The underlying business is a high-growth compounder with 37% revenue expansion and robust return on equity, yet the 100x trailing multiple and elevated debt-to-equity ratio suggest the market is pricing in perfection. While the multi-year price history remains overwhelmingly positive over the past nine years, the valuation leaves little room for error. For now, the technicals and sentiment favor a continuation of the rally, but investors should be wary of the steep valuation ceiling. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.075681 |
| AutoETS | 0.075682 |
| MSTL | 0.077592 |
| AutoTheta | 0.102524 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 39% |
| H-stat | 0.87 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.491 |
| Excess Kurtosis | -0.83 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 107.496 |
| Revenue per Share | 42.381 |
| Market Cap | 56,780,132,352 |
| Trailing P/E | 89.57 |
| Forward P/E | 33.85 |
| Beta | 1.29 |
| Profit Margins | 10.87% |
| Website | https://www.ciena.com |
As of Oct. 10, 2026, 10:38 a.m. EDT: Speculators are heavily positioned for upside, evidenced by significant open interest walls at the $440-$500 strike range and elevated call volume relative to puts. Implied volatility is elevated, suggesting anticipation of continued turbulence or a breakout. Deep out-of-the-money puts retain high interest, indicating a hedge against a sharp correction, but the net sentiment leans bullish.
| Attribute | Value |
|---|---|
| 52 Week Change | 1.4006283 |
| Address1 | 8,150 Maple Lawn Boulevard |
| Address2 | Suite 300 |
| All Time High | 1,057.0 |
| All Time Low | 4.98 |
| Ask | 0.0 |
| Ask Size | 80 |
| Audit Risk | 7 |
| Average Analyst Rating | 1.7 - Buy |
| Average Daily Volume10 Day | 3,299,510 |
| Average Daily Volume3 Month | 2,494,887 |
| Average Volume | 2,494,887 |
| Average Volume10Days | 3,299,510 |
| Beta | 1.289 |
| Bid | 0.0 |
| Bid Size | 80 |
| Board Risk | 1 |
| Book Value | 21.542 |
| City | Fulton |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 6 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 400.4 |
| Current Ratio | 3.797 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 401.87 |
| Day Low | 381.64 |
| Debt To Equity | 107.496 |
| Display Name | Ciena |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,788,438,600 |
| Earnings Call Timestamp Start | 1,788,438,600 |
| Earnings Growth | 4.229 |
| Earnings Quarterly Growth | 4.296 |
| Earnings Timestamp | 1,788,438,600 |
| Earnings Timestamp End | 1,788,438,600 |
| Earnings Timestamp Start | 1,788,438,600 |
| Ebitda | 1,025,539,008 |
| Ebitda Margins | 0.17033 |
| Enterprise To Ebitda | 56.006 |
| Enterprise To Revenue | 9.539 |
| Enterprise Value | 57,436,008,448 |
| Eps Current Year | 7.16563 |
| Eps Forward | 11.82833 |
| Eps Trailing Twelve Months | 4.47 |
| Esg Populated | 0 |
| Exchange | NYQ |
| Exchange Data Delayed By | 20 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 381.2088 |
| Fifty Day Average Change | 19.191193 |
| Fifty Day Average Change Percent | 0.050342996 |
| Fifty Two Week Change Percent | 140.06284 |
| Fifty Two Week High | 637.51 |
| Fifty Two Week High Change | -237.11002 |
| Fifty Two Week High Change Percent | -0.37193143 |
| Fifty Two Week Low | 159.56 |
| Fifty Two Week Low Change | 240.84 |
| Fifty Two Week Low Change Percent | 1.5094008 |
| Fifty Two Week Range | 159.56 - 637.51 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 855,325,800,000 |
| Float Shares | 141,161,878 |
| Forward Eps | 11.82833 |
| Forward P E | 33.850933 |
| Free Cashflow | 633,368,384 |
| Full Exchange Name | NYSE |
| Full Time Employees | 8,898 |
| Fullday Change | -3.3659058 |
| Fullday Change Percent | -0.8310673 |
| Fullday Price | 400.4 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,790,812,800 |
| Gross Margins | 0.44072 |
| Gross Profits | 2,653,518,080 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00566 |
| Held Percent Institutions | 0.96008 |
| Implied Shares Outstanding | 141,808,525 |
| Industry | Communication Equipment |
| Industry Disp | Communication Equipment |
| Industry Key | communication-equipment |
| Ir Website | http://investor.ciena.com/ |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,761,955,200 |
| Last Split Date | 1,159,142,400 |
| Last Split Factor | 1:7 |
| Long Business Summary | Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. It operates through Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services segments. The Networking Platforms segment consists optical networking, routing, and switching products and services. This segment products include the 6500 Packet-Optical Platform, Waveserver modular interconnect system, the 6500 Reconfigurable Line System, and coherent pluggable transceivers; and the 3000 family of service delivery platforms and the 5000 family of service aggregation, as well as the 8100 Coherent Routing platforms and virtualization software. The Platform Software and Services segment offers navigator network control suite; and software subscription services, consulting, network migration and integration, installation and upgrade support services, and technical support solutions. The Blue Planet Automation Software and Services segment inventory management, orchestration, route optimization and analysis, and unified assurance and analytics software; and sells subscription, installation, support, consulting, and design services related to the Blue Planet automation platform. The Global Services segment provides services for advisory and enablement, implementation, and maintenance, support, and learning activities. Ciena Corporation was incorporated in 1992 and is headquartered in Fulton, Maryland. |
| Long Name | Ciena Corporation |
| Market | us_market |
| Market Cap | 56,780,132,352 |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_26486 |
| Most Recent Quarter | 1,785,542,400 |
| Net Income To Common | 654,409,984 |
| Next Fiscal Year End | 1,793,491,200 |
| Non Diluted Market Cap | 50,471,072,132 |
| Number Of Analyst Opinions | 20 |
| Open | 393.33 |
| Operating Cashflow | 1,054,683,008 |
| Operating Margins | 0.18076 |
| Overall Risk | 4 |
| Payout Ratio | 0.0 |
| Peg Ratio | 0.41 |
| Phone | 410 694 5700 |
| Post Market Change | 0.6000061 |
| Post Market Change Percent | 0.14985168 |
| Post Market Price | 401.0 |
| Post Market Time | 1,791,936,000 |
| Previous Close | 405.01 |
| Price Eps Current Year | 55.87785 |
| Price Hint | 2 |
| Price To Book | 18.586946 |
| Price To Sales Trailing12 Months | 9.430515 |
| Profit Margins | 0.10869 |
| Quick Ratio | 2.904 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 1.71429 |
| Region | US |
| Regular Market Change | -4.61002 |
| Regular Market Change Percent | -1.13825 |
| Regular Market Day High | 401.87 |
| Regular Market Day Low | 381.64 |
| Regular Market Day Range | 381.64 - 401.87 |
| Regular Market Open | 393.33 |
| Regular Market Previous Close | 405.01 |
| Regular Market Price | 400.4 |
| Regular Market Time | 1,791,921,602 |
| Regular Market Volume | 2,737,162 |
| Return On Assets | 0.07734 |
| Return On Equity | 0.22396 |
| Revenue Growth | 0.37 |
| Revenue Per Share | 42.381 |
| Sand P52 Week Change | 0.17502642 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 7 |
| Shares Outstanding | 141,808,525 |
| Shares Percent Shares Out | 0.0273 |
| Shares Short | 3,868,972 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 3,345,857 |
| Short Name | Ciena Corporation |
| Short Percent Of Float | 0.0429 |
| Short Ratio | 1.37 |
| Source Interval | 15 |
| State | MD |
| Symbol | CIEN |
| Target High Price | 660.0 |
| Target Low Price | 347.0 |
| Target Mean Price | 512.9907 |
| Target Median Price | 536.5 |
| Total Cash | 2,630,000,896 |
| Total Cash Per Share | 18.546 |
| Total Debt | 3,285,876,992 |
| Total Revenue | 6,020,894,208 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 4.47 |
| Trailing P E | 89.57494 |
| Trailing Peg Ratio | 0.5679 |
| Triggerable | 1 |
| Two Hundred Day Average | 397.46716 |
| Two Hundred Day Average Change | 2.9328308 |
| Two Hundred Day Average Change Percent | 0.0073788003 |
| Type Disp | Equity |
| Volume | 2,737,162 |
| Website | https://www.ciena.com |
| Zip | 20,759 |