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Ciena

CIEN Clue Score48
United States Fiscal year ends October CIK 0000936395
$449.77 +5.60% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $449.77 +759.32% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue3,094.3Operating income229.9Net income−344.7EPS, diluted−2.49Fiscal year 2018Revenue3,094.3 +0.0%Operating income229.9Net income−344.7EPS, diluted−2.49Fiscal year 2019Revenue3,572.1 +15.4%Operating income346.8Net income253.4EPS, diluted1.61Fiscal year 2019Revenue3,572.1 +0.0%Operating income346.8Net income253.4 +0.0%EPS, diluted1.61 +0.0%Fiscal year 2020Revenue3,532.2 −1.1%Operating income487.0Net income361.3 +42.6%EPS, diluted2.32 +44.1%Fiscal year 2021Revenue3,620.7 +2.5%Operating income495.4Net income500.2 +38.4%EPS, diluted3.19 +37.5%Fiscal year 2022Revenue3,632.7 +0.3%Operating income222.8Net income152.9 −69.4%EPS, diluted1.00 −68.7%Fiscal year 2023Revenue4,386.5 +20.8%Operating income357.5Net income254.8 +66.7%EPS, diluted1.71 +71.0%Fiscal year 2024Revenue4,015.0 −8.5%Operating income166.6Net income84.0 −67.1%EPS, diluted0.58 −66.1%Fiscal year 2025Revenue4,769.5 +18.8%Operating income197.5Net income123.3 +46.9%EPS, diluted0.85 +46.6%
FY2018FY2018FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3,094.3 3,094.3 3,572.1 3,572.1 3,532.2 3,620.7 3,632.7 4,386.5 4,015.0 4,769.5
Growth +0.0% +15.4% +0.0% −1.1% +2.5% +0.3% +20.8% −8.5% +18.8%
Operating income 229.9 229.9 346.8 346.8 487.0 495.4 222.8 357.5 166.6 197.5
Net income −344.7 −344.7 253.4 253.4 361.3 500.2 152.9 254.8 84.0 123.3
Growth +0.0% +42.6% +38.4% −69.4% +66.7% −67.1% +46.9%
EPS, diluted −2.49 −2.49 1.61 1.61 2.32 3.19 1.00 1.71 0.58 0.85
Growth +0.0% +44.1% +37.5% −68.7% +71.0% −66.1% +46.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Gross margin42.5%Operating margin7.4%Net margin−11.1%Free cash flow margin5.2%Fiscal year 2018Gross margin42.5%Operating margin7.4%Net margin−11.1%Free cash flow margin5.2%Fiscal year 2019Gross margin43.2%Operating margin9.7%Net margin7.1%Free cash flow margin9.8%Fiscal year 2019Gross margin43.2%Operating margin9.7%Net margin7.1%Free cash flow margin9.8%Fiscal year 2020Gross margin46.8%Operating margin13.8%Net margin10.2%Free cash flow margin11.6%Fiscal year 2021Gross margin47.6%Operating margin13.7%Net margin13.8%Free cash flow margin12.8%Fiscal year 2022Gross margin43.0%Operating margin6.1%Net margin4.2%Free cash flow margin−7.1%Fiscal year 2023Gross margin42.8%Operating margin8.2%Net margin5.8%Free cash flow margin1.4%Fiscal year 2024Gross margin42.8%Operating margin4.1%Net margin2.1%Free cash flow margin9.4%Fiscal year 2025Gross margin42.0%Operating margin4.1%Net margin2.6%Free cash flow margin13.9%
FY2018FY2018FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 42.5% 42.5% 43.2% 43.2% 46.8% 47.6% 43.0% 42.8% 42.8% 42.0%
Operating margin 7.4% 7.4% 9.7% 9.7% 13.8% 13.7% 6.1% 8.2% 4.1% 4.1%
Net margin −11.1% −11.1% 7.1% 7.1% 10.2% 13.8% 4.2% 5.8% 2.1% 2.6%
Free cash flow margin 5.2% 5.2% 9.8% 9.8% 11.6% 12.8% −7.1% 1.4% 9.4% 13.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow229.3Capital expenditure−67.6Free cash flow161.6Buybacks−111.0Fiscal year 2018Operating cash flow229.3Capital expenditure−67.6Free cash flow161.6 +0.0%Buybacks−111.0Fiscal year 2019Operating cash flow413.1Capital expenditure−62.6Free cash flow350.6 +116.9%Buybacks−150.1Fiscal year 2019Operating cash flow413.1Capital expenditure−62.6Free cash flow350.6 +0.0%Buybacks−150.1Fiscal year 2020Operating cash flow493.7Capital expenditure−82.7Free cash flow411.0 +17.2%Buybacks−74.5Fiscal year 2021Operating cash flow541.6Capital expenditure−79.6Free cash flow462.1 +12.4%Buybacks−91.3Fiscal year 2022Operating cash flow−167.8Capital expenditure−90.8Free cash flow−258.6 −156.0%Buybacks−500.8Fiscal year 2023Operating cash flow168.3Capital expenditure−106.2Free cash flow62.1Buybacks−242.2Fiscal year 2024Operating cash flow514.5Capital expenditure−136.6Free cash flow377.9 +508.2%Buybacks−254.5Fiscal year 2025Operating cash flow806.1Capital expenditure−140.8Free cash flow665.3 +76.1%Buybacks−334.5
FY2018FY2018FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 229.3 229.3 413.1 413.1 493.7 541.6 −167.8 168.3 514.5 806.1
Capital expenditure −67.6 −67.6 −62.6 −62.6 −82.7 −79.6 −90.8 −106.2 −136.6 −140.8
Free cash flow 161.6 161.6 350.6 350.6 411.0 462.1 −258.6 62.1 377.9 665.3
Growth +0.0% +116.9% +0.0% +17.2% +12.4% −156.0% +508.2% +76.1%
Buybacks −111.0 −111.0 −150.1 −150.1 −74.5 −91.3 −500.8 −242.2 −254.5 −334.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Cash745.4Total debt686.5Net cash (debt)59.0Shareholders’ equity1,929.3Debt to equity0.36Fiscal year 2018Cash745.4Total debt686.5Net cash (debt)59.0Shareholders’ equity1,929.3Debt to equity0.36Fiscal year 2019Cash904.0Total debt687.4Net cash (debt)216.6Shareholders’ equity2,172.8Debt to equity0.32Fiscal year 2019Cash904.0Total debt687.4Net cash (debt)216.6Shareholders’ equity2,172.8Debt to equity0.32Fiscal year 2020Cash1,088.6Total debt683.3Net cash (debt)405.3Shareholders’ equity2,509.6Debt to equity0.27Fiscal year 2021Cash1,422.5Total debt677.3Net cash (debt)745.3Shareholders’ equity3,020.0Debt to equity0.22Fiscal year 2022Cash994.4Total debt1,068.1Net cash (debt)−73.7Shareholders’ equity2,712.9Debt to equity0.39Fiscal year 2023Cash1,010.6Total debt1,555.1Net cash (debt)−544.5Shareholders’ equity2,848.4Debt to equity0.55Fiscal year 2024Cash934.9Total debt1,544.8Net cash (debt)−609.9Shareholders’ equity2,816.1Debt to equity0.55Fiscal year 2025Cash1,092.0Total debt1,535.7Net cash (debt)−443.8Shareholders’ equity2,729.3Debt to equity0.56
FY2018FY2018FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 745.4 745.4 904.0 904.0 1,088.6 1,422.5 994.4 1,010.6 934.9 1,092.0
Total debt 686.5 686.5 687.4 687.4 683.3 677.3 1,068.1 1,555.1 1,544.8 1,535.7
Net cash (debt) 59.0 59.0 216.6 216.6 405.3 745.3 −73.7 −544.5 −609.9 −443.8
Shareholders’ equity 1,929.3 1,929.3 2,172.8 2,172.8 2,509.6 3,020.0 2,712.9 2,848.4 2,816.1 2,729.3
Debt to equity 0.36 0.36 0.32 0.32 0.27 0.22 0.39 0.55 0.55 0.56

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending November, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Oct 2016 FY2017 31 Oct 2017 FY2018 31 Oct 2018 FY2018 3 Nov 2018 FY2019 31 Oct 2019 FY2019 2 Nov 2019 FY2020 31 Oct 2020 FY2021 30 Oct 2021 FY2022 29 Oct 2022 FY2023 28 Oct 2023 FY2024 2 Nov 2024 FY2025 1 Nov 2025
Margins
44.7% 44.5% 42.5% 42.5% 43.2% 43.2% 46.8% 47.6% 43.0% 42.8% 42.8% 42.0%
6.0% 7.7% 7.4% 7.4% 9.7% 9.7% 13.8% 13.7% 6.1% 8.2% 4.1% 4.1%
3.3% 5.6% 4.8% 4.8% 8.8% 8.8% 12.9% 12.8% 5.0% 7.4% 3.0% 3.3%
2.8% 45.0% −11.1% −11.1% 7.1% 7.1% 10.2% 13.8% 4.2% 5.8% 2.1% 2.6%
7.0% 5.0% 5.2% 5.2% 9.8% 9.8% 11.6% 12.8% −7.1% 1.4% 9.4% 13.9%
Spending
17.4% 17.0% 15.9% 15.9% 15.3% 15.3% 15.0% 14.8% 17.2% 17.1% 19.1% 17.8%
5.1% 5.1% 5.2% 5.2% 4.9% 4.9% 4.8% 5.0% 4.9% 4.9% 5.5% 5.0%
4.1% 3.4% 2.2% 2.2% 1.8% 1.8% 2.3% 2.2% 2.5% 2.4% 3.4% 3.0%
16.3% −708.3% 331.7% 331.7% 19.1% 19.1% 20.8% −8.1% 16.2% 21.3% 29.9% 21.1%
Returns
9.5% 59.1% −17.9% −17.9% 11.7% 11.7% 14.4% 16.6% 5.6% 8.9% 3.0% 4.5%
2.5% 31.9% −9.2% −9.1% 6.5% 6.5% 8.6% 10.3% 3.0% 4.5% 1.5% 2.1%
Balance and payout
1.33 0.27 0.36 0.36 0.32 0.32 0.27 0.22 0.39 0.55 0.55 0.56
73.3% 45.9% 48.6% 48.4% 44.2% 44.2% 40.0% 37.9% 46.5% 49.1% 50.1% 53.5%
0.0% 0.0% 68.7% 68.7% 42.8% 42.8% 18.1% 19.8% n/a 389.8% 67.3% 50.3%