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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 |
| 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 |
| Operating Income | - | 257.23 | 384.85 | 191.21 | 310.79 |
| EBITDA | - | 375.67 | 558.91 | 351.93 | 388.39 |
| EBIT | - | 235.47 | 416.73 | 218.46 | 248.05 |
| Pretax Income | - | 182.50 | 323.65 | 119.85 | 156.29 |
| Tax Provision | - | 29.60 | 68.83 | 35.89 | 32.95 |
| Net Income | - | 152.90 | 254.83 | 83.96 | 123.34 |
| Net Income Common Stockholders | - | 152.90 | 254.83 | 83.96 | 123.34 |
| Total Expenses | - | 3,375.43 | 4,001.70 | 3,823.75 | 4,458.72 |
| Interest Expense | - | 52.97 | 93.07 | 98.61 | 91.76 |
| Interest Income | - | 10.06 | 45.01 | 62.12 | 55.02 |
| Research And Development | - | 624.66 | 750.56 | 767.50 | 848.33 |
| Selling General And Administration | - | 645.95 | 706.09 | 731.32 | 820.04 |
| Normalized EBITDA | - | 411.61 | 598.41 | 386.80 | 506.15 |
| Normalized Income | - | 183.01 | 285.93 | 108.38 | 216.27 |
| Market Cap | 73,640.30 | 73,640.30 | 73,640.30 | 73,640.30 | 73,640.30 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ciena Corporationthis co. | CIEN | $73.8B | 597.06↑ premium | 26.98 | 4.5% | 190.98 |
| Synopsys, Inc. | SNPS | $82.1B | 72.01 | 3.39 | 4.7% | 42.93 |
| Automatic Data Processing, Inc. | ADP | $80.0B | 19.40 | 12.79 | 65.9% | 13.37 |
| Monolithic Power Systems, Inc. | MPWR | $78.4B | 128.99 | 22.70 | 17.6% | 101.24 |
| Motorola Solutions, Inc. | MSI | $73.0B |
| - |
| - |
| - |
| - |
| - |
| 33.82 |
| 30.22 |
| 89.4% |
| 22.64 |
| Teradyne, Inc. | TER | $66.6B | 118.14 | 23.41 | 19.8% | 83.04 |
| Fortinet, Inc. | FTNT | $63.8B | 33.67 | 50.43 | 149.8% | 24.82 |
| TE Connectivity plc | TEL | $63.7B | 34.20 | 5.01 | 14.6% | 16.40 |
| NXP Semiconductors N.V. | NXPI | $61.7B | 30.51 | 6.13 | 20.1% | 17.92 |
| Peer Median | - | 34.01 | 17.74 | 20.0% | 23.73 | |