Wall Street analyst estimates for Ciena Corporation (CIEN): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Ciena Corporation is a global technology company focused on telecommunications infrastructure. It delivers integrated solutions – including specialized hardware, software applications, and professional services – designed to facilitate the efficient transmission, routing, switching, aggregation, delivery, and overall management of video, data, and voice traffic across communication networks worldwide.
Consensus price target
$500.38 (+76 % vs price $284.34)
between $347.00 and $615.00 · 15 targets published in the last quarter
Closing price, Nov 2
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $6.4B | $6.4B – $6.5B | $7.17 | 11 |
| 2027E | $8.5B | $8.4B – $8.6B | $11.85 | 8 |
| 2028E | $11.0B | $9.9B – $12.1B | $17.53 | 6 |
Fiscal year ending in November · figures in USD · consensus as of November 2, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 33 |
| Hold | 9 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 42 |
| Avg rating (−2 sell to +2 buy) | 0.79 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-12-10 | $2.05 | ||
| 2026-09-03 | $2.11 | $1.73 | +22.0% |
| 2026-06-04 | $1.64 | $1.46 | +12.3% |
| 2026-03-05 | $1.35 | $1.17 | +15.4% |
| 2025-12-11 | $0.91 | $0.78 | +16.7% |
| 2025-09-04 | $0.67 | $0.53 | +26.4% |
| 2025-06-05 | $0.42 | $0.52 | -18.9% |
| 2025-03-11 | $0.64 | $0.41 | +54.7% |
Valuation Ratios
| P/E Ratio | 63.47 |
| Price / Book | 13.21 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.60B | $2.80B | $3.09B | $3.57B | $3.53B | $3.62B | $3.63B | $4.39B | $4.01B | $4.77B |
| Cost of Revenue | $1.44B | $1.56B | $1.78B | $2.03B | $1.88B | $1.90B | $2.07B | $2.51B | $2.30B | $2.76B |
| Gross Profit | $1.16B | $1.25B | $1.31B | $1.54B | $1.65B | $1.72B | $1.56B | $1.88B | $1.72B | $2.00B |
| Research & Development | $451.8M | $475.3M | $491.6M | $548.1M | $529.9M | $536.7M | $624.7M | $750.6M | $767.5M | $848.3M |
| Selling, General & Admin | $482.6M | $498.8M | $554.2M | $597.4M | $586.0M | $634.1M | $645.9M | $706.1M | $731.3M | $820.0M |
| Operating Expenses | $1.01B | $1.03B | $1.08B | $1.20B | $1.17B | $1.23B | $1.30B | $1.49B | $1.53B | $1.69B |
| Operating Income | $156.2M | $214.7M | $229.9M | $346.8M | $487.0M | $495.4M | $257.2M | $384.9M | $191.2M | $310.8M |
| EBITDA | $285.1M | $334.9M | $314.1M | $473.4M | $619.8M | $626.4M | $375.7M | $558.9M | $351.9M | $388.4M |
| Interest Expense | $56.7M | $55.9M | $55.2M | $37.5M | $31.3M | $31.4M | $53.0M | $93.1M | $98.6M | $91.8M |
| Pre-tax Income | $86.7M | $156.1M | $148.8M | $313.2M | $456.0M | $462.8M | $182.5M | $323.7M | $119.8M | $156.3M |
| Income Tax | $14.1M | -$1.11B | $493.5M | $59.8M | $94.7M | -$37.4M | $29.6M | $68.8M | $35.9M | $32.9M |
| Net Income | $72.6M | $1.26B | -$344.7M | $253.4M | $361.3M | $500.2M | $152.9M | $254.8M | $84.0M | $123.3M |
| EPS | $0.52 | $8.89 | -$2.49 | $1.63 | $2.34 | $3.22 | $1.01 | $1.71 | $0.58 | $0.87 |
| EPS (Diluted) | $0.51 | $7.53 | -$2.40 | $1.61 | $2.32 | $3.19 | $1.00 | $1.71 | $0.58 | $0.85 |
| Shares Outstanding (Diluted) | 150.7 M | 169.9 M | 143.7 M | 157.6 M | 156.0 M | 156.7 M | 152.2 M | 149.4 M | 146.0 M | 145.2 M |
Price
| Price | $284.34 (closing price, November 2, 2026) |
| Market Cap | $40.3B |
| Exchange | NYSE |
| Country | US |
Related companies: CSCO · LITE · ERIC · NOK
Explore sector: Technology · Communication Equipment
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