CIEN
Ciena Corp Information Technology Telephone & Telegraph Apparatus S&P 500Russell 3000
$320.72Close
$45.2BMarket cap
$176.45 – $627.0052-week range
Dec 10, 2026Next report
Highlights
Strengths
- Earnings growing EPS +424% year on year
Cautions
- Not in an uptrend 3 of 8 trend conditions
- Far from its high 49% below its 52-week high
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
49%
1wk
up 0.1%
price change
1mo
down 8.8%
price change
12-month return
up 70%
market up 11% ·
its own up 59%
F-score
7 / 9
Strong
Altman Z
9.28
Low risk
P/E
366.7×
price / earnings
PEG
7.70
P/E / EPS growth
P/B
16.6×
price / book
Earnings yield
up 0.4%
EBIT / enterprise value
Cheaper than
22%
of the market · expensive
Revenue growth
up 19%
year on year
EPS growth
up 424%
latest quarter · -1886 pts
Sales growth
up 37%
latest quarter · -2 pts
ROE
up 4%
return on equity
Free cash margin
up 14%
$665.3M FCF
D/E
0.56
long-term debt / equity
Net debt / EBITDA
2.2×
Interest cover
—EBIT / interest
Piotroski tests
- short-term liquidity weakened
- gross margin narrowed
- profitable on its assets
- generating cash from operations
- profitability improving
- profits backed by cash
- reduced long-term debt
- no new shares issued
- assets working harder
Repair signals
- Revenue reaccelerating (-8% then +19%)
Trade setup
ATR%
8.0%
$25.71 a day · 2×ATR $269.30
RS
51 / 99
vs the universe
Trend
3 / 8
trend template
Relative volume
1.1×
vs 50-day average
Up/down volume
1.06
50 sessions
Implied move
22.6%
by Dec 11, 2026 · report Dec 10, 2026
Trend template · 3 of 8
- Price above the 150 and 200-day averages: fails
- 150-day average above the 200-day: passes
- 200-day average rising for a month: passes
- 50-day average above the 150 and 200-day: fails
- Price above the 50-day average: fails
- At least 30% above the 52-week low: passes
- Within 25% of the 52-week high: fails
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- No restatement or impairment
- Equity positive
- Interest covered
- No material dilution
- Profits tracking cash
- Margins and revenue not shrinking
Last reported
Sep 3, 2026
Last shock
Sep 3, 2026-10% in one session3.3× volumeon results+1% since
Options
$17.0M81.1% IV · activity
Financials
- Gross 42%
- Net 3%
- Free cash 14%
- Cash
- Long-term debt
| FY2020Oct 31, 2020 | FY2021Oct 30, 2021 | FY2022Oct 29, 2022 | FY2023Oct 28, 2023 | FY2024Nov 2, 2024 | FY2025Nov 1, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $3.5B | $3.6B | $3.6B | $4.4B | $4.0B | $4.8B |
| Gross margin | 47% | 48% | 43% | 43% | 43% | 42% |
| Operating income | $487.0M | $495.4M | $222.8M | $357.5M | $166.6M | $197.5M |
| Net income | $361.3M | $500.2M | $152.9M | $254.8M | $84.0M | $123.3M |
| Net margin | 10% | 14% | 4% | 6% | 2% | 3% |
| Earnings per share | $2.32 | $3.19 | $1.00 | $1.71 | $0.58 | $0.85 |
| Free cash flow | $411.0M | $462.1M | -$258.6M | $62.1M | $377.9M | $665.3M |
| Free cash margin | 12% | 13% | -7% | 1% | 9% | 14% |
| Cash | $1.1B | $1.4B | $994.4M | $1.0B | $934.9M | $1.1B |
| Long-term debt | $676.4M | $670.4M | $1.1B | $1.5B | $1.5B | $1.5B |
| Shareholders' equity | $2.5B | $3.0B | $2.7B | $2.8B | $2.8B | $2.7B |
| Shares outstanding | 154.56m | 154.86m | 148.41m | 144.83m | 142.66m | 141.02m |
Next report
Dec 10, 2026
Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology
±22.6%
$251 – $397 by Dec 11, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology
±11.9%
last 4: -9.4% · -21.3% · -14.4% · -1.5%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology
Bigger than usual
1.9× the usual move
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $268 – $380 ±17.2% by Nov 27, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- Smaller 81.1% priced · 102.3% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $17.0M calls $7.0M · puts $10.0M · latest session
- 1.44× +0.06 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls -7.83k · puts -3.81k past week
For options traders: ATM IV 81.1% (+4.4% 1w) · 1m ÷ 3m IV 1.07 · 25Δ skew 2.8 pts · Net GEX -$4.8M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Sep 3, 2026 | Quarterly ↗ | Aug 1, 2026 | 33d |
| Jun 4, 2026 | Quarterly ↗ | May 2, 2026 | 33d |
| Mar 5, 2026 | Quarterly ↗ | Jan 31, 2026 | 33d |
| Dec 12, 2025 | Annual ↗ | Nov 1, 2025 | 41d |
| Sep 4, 2025 | Quarterly ↗ | Aug 2, 2025 | 33d |
| Jun 5, 2025 | Quarterly ↗ | May 3, 2025 | 33d |
| Mar 12, 2025 | Quarterly ↗ | Feb 1, 2025 | 39d |
| Dec 20, 2024 | Annual ↗ | Nov 2, 2024 | 48d |
| Sep 4, 2024 | Quarterly ↗ | Jul 27, 2024 | 39d |
| Jun 6, 2024 | Quarterly ↗ | Apr 27, 2024 | 40d |
| Mar 7, 2024 | Quarterly ↗ | Jan 27, 2024 | 40d |
| Dec 15, 2023 | Annual ↗ | Oct 28, 2023 | 48d |
Current reports
| Filed | Disclosed |
|---|---|
| Sep 3, 2026 | Results ↗ |
| Jun 11, 2026 | Material agreement · New obligation · Unregistered share sale · Other events ↗ |
| Jun 8, 2026 | Other events ↗ |
| Jun 4, 2026 | Results ↗ |
| Mar 31, 2026 | Shareholder vote ↗ |
| Mar 5, 2026 | Results ↗ |
| Dec 11, 2025 | Results ↗ |
| Dec 4, 2025 | Director or officer change ↗ |
| Oct 7, 2025 | Other events ↗ |
| Sep 22, 2025 | Other events ↗ |
| Sep 4, 2025 | Results ↗ |
| Jun 18, 2025 | Director or officer change · Regulation FD ↗ |