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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 Hanover, Maryland.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.8B | $388M | $123M | $665M | 4.5% | 18.8% | 46.9% |
| 2024 | $4.0B | $352M | $84M | $378M | 3.0% | -8.5% | -67.1% |
| 2023 | $4.4B | $559M | $255M | $62M | 8.9% | 20.8% | 66.7% |
| 2022 | $3.6B | $376M | $153M | $-259M | 5.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,632.66 | 4,386.55 | 4,014.96 | 4,769.51 |
| Operating Revenue | - | 3,632.66 | 4,386.55 | 4,014.96 | 4,769.51 |
| Cost Of Revenue | - | 2,072.32 | 2,507.70 | 2,295.36 | 2,764.59 |
| Gross Profit | - | 1,560.34 | 1,878.85 | 1,719.59 | 2,004.92 |
| Operating Expense | - | 1,303.11 | 1,494 | 1,528.38 | 1,694.12 |
| Research And Development | - | 624.66 | 750.56 | 767.50 | 848.33 |
| Selling General And Administration | - | 645.95 | 706.09 | 731.32 | 820.04 |
| Total Expenses | - | 3,375.43 | 4,001.70 | 3,823.75 | 4,458.72 |
| Operating Income | - | 257.23 | 384.85 | 191.21 | 310.79 |
| Total Operating Income As Reported | - | 222.81 | 357.54 | 166.62 | 197.53 |
| EBITDA | - | 375.67 | 558.91 | 351.93 | 388.39 |
| Normalized EBITDA | - | 411.61 | 598.41 | 386.80 | 506.15 |
| EBIT | - | 235.47 | 416.73 | 218.46 | 248.05 |
| Interest Income | - | 10.06 | 45.01 | 62.12 | 55.02 |
| Interest Expense | - | 52.97 | 93.07 | 98.61 | 91.76 |
| Net Interest Income | - | -42.91 | -48.06 | -36.49 | -36.74 |
| Other Non Operating Income Expenses | -0.53 | -5.92 | -5.05 | -1.58 | - |
| Other Income Expense | - | -31.82 | -13.14 | -34.87 | -117.76 |
| Interest Income Non Operating | - | 10.06 | 45.01 | 62.12 | 55.02 |
| Interest Expense Non Operating | - | 52.97 | 93.07 | 98.61 | 91.76 |
| Net Non Operating Interest Income Expense | - | -42.91 | -48.06 | -36.49 | -36.74 |
| Pretax Income | - | 182.50 | 323.65 | 119.85 | 156.29 |
| Tax Provision | - | 29.60 | 68.83 | 35.89 | 32.95 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -5.83 | -8.40 | -10.44 | -24.82 |
| Net Income Continuous Operations | - | 152.90 | 254.83 | 83.96 | 123.34 |
| Net Income From Continuing And Discontinued Operation | - | 152.90 | 254.83 | 83.96 | 123.34 |
| Net Income From Continuing Operation Net Minority Interest | - | 152.90 | 254.83 | 83.96 | 123.34 |
| Net Income | - | 152.90 | 254.83 | 83.96 | 123.34 |
| Net Income Common Stockholders | - | 152.90 | 254.83 | 83.96 | 123.34 |
| Net Income Including Noncontrolling Interests | - | 152.90 | 254.83 | 83.96 | 123.34 |
| Normalized Income | - | 183.01 | 285.93 | 108.38 | 216.27 |
| Diluted NI Availto Com Stockholders | - | 152.90 | 254.83 | 83.96 | 123.34 |
| Basic Average Shares | - | 151.21 | 148.97 | 144.72 | 142.22 |
| Diluted Average Shares | - | 152.19 | 149.38 | 145.96 | 145.25 |
| Reconciled Depreciation | - | 140.20 | 142.18 | 133.47 | 140.34 |
| Reconciled Cost Of Revenue | - | 1,964.62 | 2,402.87 | 2,191.46 | 2,650.01 |
| Total Unusual Items | - | -35.94 | -39.51 | -34.87 | -117.76 |
| Total Unusual Items Excluding Goodwill | - | -35.94 | -39.51 | -34.87 | -117.76 |
| Special Income Charges | - | -34.42 | -35.18 | -24.59 | -113.99 |
| Other Special Charges | - | - | 7.87 | - | 0.73 |
| Write Off | - | 33.82 | 23.83 | 24.59 | 112.11 |
| Restructuring And Mergern Acquisition | - | 0.60 | 3.47 | 0 | 1.15 |
| Gain On Sale Of Security | - | -1.52 | -4.32 | -10.28 | -3.77 |
| Depreciation Amortization Depletion Income Statement | - | 32.51 | 37.35 | 29.57 | 25.76 |
| Depreciation And Amortization In Income Statement | - | 32.51 | 37.35 | 29.57 | 25.76 |
| General And Administrative Expense | - | 179.38 | 215.28 | 220.65 | 238.71 |
| Other Gand A | - | 179.38 | 215.28 | 220.65 | 238.71 |
| Selling And Marketing Expense | - | 466.56 | 490.80 | 510.67 | 581.33 |
| Earnings From Equity Interest | - | 4.12 | 26.37 | 0 | 0 |
| Amortization | - | 32.51 | 37.35 | 29.57 | 25.76 |
| Amortization Of Intangibles Income Statement | - | 32.51 | 37.35 | 29.57 | 25.76 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ciena Corporationthis co. | CIEN | $75.8B | 614.93↑ premium | 27.79 | 4.5% | 196.65 |
| Datadog, Inc. | DDOG | $86.7B | 804.83 | 23.23 | 2.9% | 430.85 |
| Intuit Inc. | INTU | $82.6B | 21.35 | 4.19 | 19.6% | 14.66 |
| Coherent Corp. | COHR | $82.5B | 1672.07 | 14.62 | 0.9% | 95.98 |
| NXP Semiconductors N.V. | NXPI | $81.4B | 40.25 |
| - |
| - |
| - |
| - |
| - |
| 8.09 |
| 20.1% |
| 22.89 |
| Monolithic Power Systems, Inc. | MPWR | $81.2B | 130.64 | 22.99 | 17.6% | 102.56 |
| Lumentum Holdings Inc. | LITE | $73.5B | 2838.89 | 64.80 | 2.3% | 708.00 |
| Hewlett Packard Enterprise Company | HPE | $71.1B | 1247.31 | 2.88 | 0.2% | 20.41 |
| Motorola Solutions, Inc. | MSI | $68.2B | 31.65 | 28.29 | 89.4% | 21.35 |
| Peer Median | - | 467.73 | 18.81 | 10.2% | 59.44 | |