10x Insights
Loading account…
CIEN

Ciena

Information TechnologyElectronic EquipmentS&P 500
Ticker CIENHANOVER, MDFiscal year ends OctoberBook value per share $20.90Diluted shares 146.2M

Ciena Corporation (NYSE: CIEN) provides networking hardware, software, and services to cloud providers, service providers, and other network operators, including cable companies, governments, research and education networks, and enterprises. Its products carry traffic for cloud, voice, video, data, and AI… From the company’s description.

In fiscal 2025, Ciena reported revenue of $4.77B, up 18.8% from fiscal 2024, and net income of $123.34M. Its operating margin was 4.1%, and operations generated $806.09M in cash. Over the twelve months to Aug 1, 2026, revenue was $6.02B.

Fiscal year 2025 · ends 10-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-08-01
Sales & profitability
$4.77BFY2025
+18.8% year over year
Last 12 mo $6.02B
4.14%FY2025
No change, year over year
Last 12 mo 12.27%
$123.34MFY2025
+46.9% year over year
Last 12 mo $654.41M
7.76%FY2025
+4.2 percentage points
Last 12 mo 21.41%
Cash & financing
$806.09MFY2025
+56.7% year over year
Last 12 mo $1.05B
$665.29MFY2025
+76.1% year over year
Last 12 mo $814.36M
0.56FY2025
Was 0.55× a year earlier
Last 12 mo 1.06
145.2MFY2025
−0.5% year over year
Last 12 mo 146.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Ciena does

In the company’s own words

Ciena Corporation (NYSE: CIEN) provides networking hardware, software, and services to cloud providers, service providers, and other network operators, including cable companies, governments, research and education networks, and enterprises. Its products carry traffic for cloud, voice, video, data, and AI applications, connecting network cores, data centers, metro and access networks, and end users. Ciena is organized into four operating segments: Networking Platforms, covering optical networking and routing and switching; Platform Software and Services; Blue Planet Automation Software and Services; and Global Services. Its offerings include WaveLogic coherent optical technology, 6500 and Waveserver platforms, Navigator NCS network control software, and Blue Planet automation software, alongside network design, deployment, migration, maintenance, and support services. The company sells through direct and indirect channels and relies on third-party contract manufacturers. Ciena employed 9,080 people as of November 1, 2025. Its website is www.ciena.com.

Company details
Sector
Information Technology
Industry (SIC)
Electronic Equipment
Headquarters
HANOVER, MD
Fiscal year end
October
CIK
936395
SIC
3661

Financial performance, year by year

Fiscal 2013–2025 · USD
$-981.25M$928.43M$2.84B$4.75B$6.66B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Ciena — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

897
funds hold it
0 of 35
superinvestors hold it
$31.73B
held by funds, at market
42.8%
of shares held by funds
2
bond issues held by funds

Largest fund holders · Ciena’s weight in each

Fidelity Growth Company Fund
FDGRX · Fidelity Mt. Vernon Street Trust
3.76%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.10%of fund net assets
JPMorgan Large Cap Growth Fund
SEEGX · JPMorgan Trust II
1.73%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.11%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.67%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Ciena’s bonds, as funds hold them

Funds report holding 2 issues of Ciena’s debt, $171.47M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.00%, maturing 2030 to 2031.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Ciena and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Ciena's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Ciena's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.