CIEN
CIENA CORPCIENA CORP reported revenue of $4.77B in its most recent fiscal year, up 18.8% on the year before. It kept 2.6% of that as net income, and generated $665.29M of free cash flow. Figures below are compared against other companies classified under Telephone & Telegraph Apparatus.
Grades vs. industry
Growth
| Metric | Company | Industry median | Rank |
|---|---|---|---|
Revenue growth (YoY) Latest fiscal year revenue vs. the year before. | 18.8% | 18.1% | 3 / 6 |
Revenue growth (3y) Annualized revenue growth over three fiscal years. | 9.5% | -0.9% | 2 / 6 |
Revenue growth (5y) Annualized revenue growth over five fiscal years. | 6.2% | 8.1% | 4 / 6 |
EPS growth (YoY) Diluted EPS vs. the prior fiscal year. | 46.6% | — | — |
EPS growth (3y) Annualized diluted EPS growth over three fiscal years. | -5.3% | — | — |
EPS growth (5y) Annualized diluted EPS growth over five fiscal years. | -18.2% | — | — |
Free cash flow growth (YoY) Operating cash flow less capital expenditure, vs. prior year. | 76.1% | 57.1% | 2 / 6 |
Free cash flow growth (3y) Annualized free cash flow growth over three fiscal years. | Not reported | — | — |
top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.
“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.
Profitability
| Metric | Company | Industry median | Rank |
|---|---|---|---|
Gross margin Gross profit as a share of revenue. Often unreported. | 42.0% | 36.0% | 2 / 6 |
Operating margin Operating income as a share of revenue. | 4.1% | 2.8% | 3 / 6 |
Net margin Net income as a share of revenue. | 2.6% | -0.8% | 3 / 6 |
Free cash flow margin Free cash flow as a share of revenue. | 13.9% | 9.2% | 2 / 6 |
Return on equity Net income divided by shareholder equity. | 4.5% | 0.7% | 3 / 6 |
Return on assets Net income divided by total assets. | 2.1% | -0.3% | 3 / 6 |
Return on invested capital After-tax operating profit over debt plus equity less cash. | 4.9% | 2.8% | 3 / 6 |
top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.
“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.
Financial health
| Metric | Company | Industry median | Rank |
|---|---|---|---|
Debt to equity Total debt divided by shareholder equity. | 0.56x | — | — |
Current ratio Current assets over current liabilities. | 2.73x | 2.46x | 2 / 6 |
Quick ratio Current assets excluding inventory, over current liabilities. | 2.09x | 2.02x | 3 / 6 |
Interest coverage Operating income divided by interest expense. | 2.21x | — | — |
Net debt to EBITDA Net debt over derived EBITDA. EBITDA is not a GAAP tag; it is computed. | 0.75x | -1.65x | 5 / 5 |
top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.
“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.
Debt figures can be understated where a filer splits borrowings across XBRL tags this site does not match.
Insider activity
Trades reported by officers, directors and 10% shareholders on SEC Form 4. None of the last 40 reported transactions were open-market purchases — grants, option exercises and sales make up the majority of insider filings at most companies.
| Date | Insider | Transaction | Shares | Price | Value |
|---|---|---|---|---|---|
| Oct 15, 2026 | SMITH GARY B President & CEO | Open-market sale | 2,952 | $348.02 | $1.03M |
| Oct 15, 2026 | Rothenstein David M EVP & Chief Strategy Officer | Open-market sale | 2,500 | $348.06 | $870.2K |
| Oct 15, 2026 | Gage Brodie EVP & Chief Product & Tech | Open-market sale | 1,200 | $344.08 | $412.9K |
| Oct 15, 2026 | DiPerna Dino EVP & Chief R&D Officer | Open-market sale | 445 | $350.00 | $155.8K |
| Oct 15, 2026 | DiPerna Dino EVP & Chief R&D Officer | Open-market sale | 445 | $344.08 | $153.1K |
| Oct 1, 2026 | SMITH GARY B President & CEO | Open-market sale | 2,952 | $369.66 | $1.09M |
| Oct 1, 2026 | Phipps Jason EVP & Chief Customer Officer | Open-market sale | 2,629 | $355.19 | $933.8K |
| Oct 1, 2026 | Kosaraju Sheela EVP & Chief Legal Officer | Open-market sale | 2,101 | $355.19 | $746.3K |
| Oct 1, 2026 | Graff Marc D. EVP & Chief Financial Officer | Open-market sale | 97 | $355.19 | $34.5K |
| Sep 25, 2026 | Cumello Joseph EVP & General Mgr. | Open-market sale | 1,586 | $358.52 | $568.6K |
| Sep 24, 2026 | Claflin Bruce L. Director | Open-market sale | 2,857 | $355.91 | $1.02M |
| Sep 24, 2026 | NEVENS THOMAS MICHAEL Director | Gift | 2,797 | — | — |
| Sep 23, 2026 | NEVENS THOMAS MICHAEL Director | Open-market sale | 3,738 | $359.04 | $1.34M |
| Sep 20, 2026 | SMITH GARY B President & CEO | Withheld for tax | 3,102 | $348.80 | $1.08M |
| Sep 20, 2026 | SMITH GARY B President & CEO | Withheld for tax | 2,985 | $348.80 | $1.04M |
| Sep 20, 2026 | SMITH GARY B President & CEO | Withheld for tax | 1,743 | $348.80 | $608.0K |
| Sep 20, 2026 | SMITH GARY B President & CEO | Withheld for tax | 937 | $348.80 | $326.8K |
| Sep 20, 2026 | Phipps Jason EVP & Chief Customer Officer | Withheld for tax | 859 | $348.80 | $299.6K |
| Sep 20, 2026 | Rothenstein David M EVP & Chief Strategy Officer | Withheld for tax | 811 | $348.80 | $282.9K |
| Sep 20, 2026 | Phipps Jason EVP & Chief Customer Officer | Withheld for tax | 735 | $348.80 | $256.4K |
| Sep 20, 2026 | DiPerna Dino EVP & Chief R&D Officer | Withheld for tax | 730 | $348.80 | $254.6K |
| Sep 20, 2026 | Kosaraju Sheela EVP & Chief Legal Officer | Withheld for tax | 691 | $348.80 | $241.0K |
| Sep 20, 2026 | Rothenstein David M EVP & Chief Strategy Officer | Withheld for tax | 679 | $348.80 | $236.8K |
| Sep 20, 2026 | Gage Brodie EVP & Chief Product & | Withheld for tax | 669 | $348.80 | $233.3K |
| Sep 20, 2026 | Cumello Joseph EVP & General Mgr. | Withheld for tax | 582 | $348.80 | $203.0K |
A dash under price or value means none was reported, which is normal for grants and gifts — it does not mean the shares were free. Option exercises and awards are compensation arriving on a schedule, not a judgement about the stock.
Annual financials
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.77B | $4.01B | $4.39B | $3.63B | $3.62B | $3.53B | $3.57B | $3.09B | $2.80B | $2.60B |
| Gross profit | $2.00B | $1.72B | $1.88B | $1.56B | $1.72B | $1.65B | $1.54B | $1.31B | $1.25B | $1.16B |
| Operating income | $197.53M | $166.62M | $357.55M | $222.81M | $495.36M | $486.96M | $346.77M | $229.95M | $214.72M | $156.17M |
| Net income | $123.34M | $83.96M | $254.83M | $152.90M | $500.20M | $361.29M | $253.43M | -$344.69M | $1.26B | $72.58M |
| EPS (diluted) | $0.85 | $0.58 | $1.71 | $1.00 | $3.19 | $2.32 | $1.61 | -$2.49 | $7.53 | $0.51 |
| Operating cash flow | $806.09M | $514.53M | $168.33M | -$167.76M | $541.65M | $493.65M | $413.14M | $229.26M | $234.88M | $289.52M |
| Capital expenditure | $140.80M | $136.64M | $106.20M | $90.82M | $79.55M | $82.67M | $62.58M | $67.62M | $94.60M | $107.19M |
| Free cash flow | $665.29M | $377.89M | $62.13M | -$258.57M | $462.10M | $410.99M | $350.56M | $161.65M | $140.28M | $182.34M |
| Total assets | $5.86B | $5.64B | $5.60B | $5.07B | $4.87B | $4.18B | $3.89B | $3.76B | $3.95B | $2.87B |
| Shareholder equity | $2.73B | $2.82B | $2.85B | $2.71B | $3.02B | $2.51B | $2.17B | $1.93B | $2.14B | $766.34M |
| Total debt | $1.54B | $1.54B | $1.56B | $1.07B | $677.28M | $683.29M | $687.41M | $686.45M | $583.69M | $1.02B |
| Cash | $1.09B | $934.86M | $1.01B | $994.35M | $1.42B | $1.09B | $904.04M | $745.42M | $640.51M | $777.62M |
A dash means the figure was not tagged in that year’s filing. It does not mean zero. Figures reflect the most recent filing covering each period, so restated years show their restated values.
Source
Figures come from CIENA CORP’s filings with the SEC, as submitted in XBRL. The most recent annual figures are from a 10-K filed Dec 12, 2025. View filings on EDGAR.