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Ciena Corp. CIEN

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.8B
▲ 18.8% YoY
$123.3M
▲ 46.9% YoY
$665.3M
▲ 76.1% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Ciena Corporation provides hardware, software, and services to a wide range of network operators, enabling enhanced network capacity, service delivery, and automation. As of November 1, 2025, it had a global workforce of 9,080 employees, approximately 98% of whom were full-time, across 39 countries, with approximately 56% in the Americas, 36% in APAC, and 8% in EMEA. Its portfolio of products and services is organized within its Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services operating segments. The Global Services offerings include a broad suite of services that help customers build, operate, and improve their networks.

Written from the business description in CIENA CORP's annual report to the U.S. Securities and Exchange Commission, filed 12 December 2025. Every sentence was checked against that document before publication.

Growth

USD 4.8B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.8 · Net income 0.1
2.00B4.00B-0.25B-0.50B
2008201120142017202020232025
Compound annual growth
+9.5%
+6.2%
+6.9%
+9.4%
−6.9%
−19.3%
+26.6%
−5.3%
−18.2%
+23.9%
−14.1%
+45.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.2% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 4.1% · Net 2.6%
20%40%-50%
200820162025
ROE
FY2025 · ROE 4.4%
50%-100%-200%
200820162025
Three returns, three denominators.
Gross margin42.0%
Operating margin4.1%
Net margin2.6%
EBITDAUSD 301.7M

Each USD of equity produced 4 cents of profit this year.

Cash & shareholders

USD 298.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 665.3
250.0M500.0M-100.0M-200.0M
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 298.6
200M400M
2016201720182019202020212022202320242025
Dividends paid·
Net buybacksUSD 298.6M
Share of profit242.1%
Consecutive raises·

USD 298.6M in buybacks — 242% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 5.9B
EquityUSD 2.7B
CashUSD 1.1B
Gross debtUSD 1.5B
Net debtUSD 443.8M
Current ratio2.73×

Net debt stands at 16% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
CIEN, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B4.84.04.43.63.63.53.63.12.82.62.42.32.11.81.71.20.70.9
Operating income $B0.20.20.40.20.50.50.30.20.20.20.10.0−0.0−0.1−0.2−0.3−0.60.0
EBITDA $B0.30.30.50.30.60.60.40.30.30.20.20.10.1−0.0−0.1−0.3−0.60.0
Income tax $B0.00.00.10.0−0.00.10.10.5−1.10.00.00.00.00.00.00.0−0.00.0
Net income $B0.10.10.30.20.50.40.3−0.31.30.10.0−0.0−0.1−0.1−0.2−0.3−0.60.0
Free cash flow $B0.70.40.1−0.30.50.40.40.20.10.20.20.00.00.1−0.1−0.3−0.00.1
EPS, diluted $0.850.581.711.003.192.321.61−2.497.530.510.10−0.38−0.83−1.45−2.04−3.58−6.370.42
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————————
ROE %4.43.09.25.318.115.412.4−17.087.010.5————−225.8−108.4−79.93.9
Shares out B0.140.140.140.150.150.150.150.150.140.140.140.110.100.100.100.090.09◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityTelephone & Telegraph Apparatus
Listed onNYSE
Incorporated inMaryland
Fiscal year endsOctober 31
Data on record since2008

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