Ciena Corporation
189.27+6.23 (+3.4%)
Oct 29, 4:00:02 PM EDT · NYSE · CIEN · USD
Key Stats
Market Cap
26.75BP/E (TTM)
193.13Basic EPS (TTM)
0.98Dividend Yield
0%Recent Filings
8-K
Ciena acquires Nubis for AI tech
Ciena Corporation completed its acquisition of Nubis Communications on October 7, 2025, bolstering its portfolio with high-performance, ultra-compact, low-power optical and electrical interconnects for AI workloads. This move enhances Ciena's capabilities in AI-driven networking. Deal terms remain undisclosed.
8-K
Ciena Q3 revenue surges 29%
Ciena Corporation reported fiscal Q3 2025 revenue of $1.22 billion, up 29.4% from $942.3 million last year, fueled by surging optical networking demand at $815.5 million amid AI-driven buildouts. Adjusted net income hit $96.2 million, or $0.67 per share, with operating margin expanding to 10.7% while gross margin dipped to 41.9%. Non-telco customers drove 53% of sales. Q4 revenue outlook: $1.24 billion to $1.32 billion. Supply disruptions pose risks.
10-Q
Q3 FY2025 results
Ciena's Q3 FY2025 revenue surged 29.4% year-over-year to $1.2B, driven by 34.6% growth in Networking Platforms, especially optical networking sales to cloud providers, while services rose 19.8%. Gross margin dipped to 41.3% from 42.9%, reflecting services mix pressures, yet operating income climbed to $73.5M from $26.7M on controlled expenses. Diluted EPS held steady at $0.35, aligning with 144.5M shares. Cash swelled to $1.1B with $435M operating cash flow, offsetting $250M stock repurchases; free cash flow hit $339.6M after $95.4M capex. Debt stands at $1.5B under the refinanced 2030 term loan at 6.10%, with $248M revolver availability. No major M&A, but Q4 restructuring eyes $20M severance and $89.1M in-process R&D write-off. Tariffs on imports from Mexico and China pose supply chain risks.
8-K
Ciena names new CFO Graff
Ciena Corporation announced Marc D. Graff as its new Senior Vice President and Chief Financial Officer, effective August 1, 2025, succeeding retiring CFO James E. Moylan, Jr., on August 28. Graff, with deep Intel experience in data center and AI finance, brings expertise amid surging connectivity demands. His package includes $650,000 base salary, $1.95 million sign-on cash, and $10.486 million in replacement RSUs vesting over four years. Smooth transition ahead.
10-Q
Q2 FY2025 results
Ciena's Q2 FY2025 revenue surged 23.6% y/y to $1.13B, fueled by 38.1% growth in Optical Networking to $774M, while gross margin dipped to 40.2% from 42.7% on product mix and tariffs. Operating income flipped to $33M profit from a $4M loss, with diluted EPS at $0.06 versus a $0.12 loss; YTD, revenue rose 12.8% to $2.20B and EPS climbed to $0.37 from $0.22, reconciling to 145M diluted shares. Cash from operations hit $261M, yielding $205M free cash flow (derived) after $56M capex, with $950M cash and $1.3B total liquidity against $1.54B debt maturing 2030 at SOFR+1.75%. No major M&A, but stock repurchases totaled $168M. Tariffs on imports from Mexico and China pose supply chain risks.
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