| Period | CIEN | SPY | Delta |
|---|---|---|---|
| 3M | +37.4% | +11.4% | +26.0% |
| 6M | +117.6% | +8.2% | +109.5% |
| 1Y | +542.2% | +22.9% | +519.3% |
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Total revenue | $946.9M+10.6% | $855.9M+6.3% | $805.5M+8.3% | $743.8M+8.1% | $688.1M |
| Total cost of goods sold | $513.6M+18.3% | $434.0M+3.5% | $419.3M+12.5% | $372.7M+5.4% | $353.4M |
| Gross profit | $2.00B+16.6% | $1.72B-8.5% | $1.88B+20.4% | $1.56B-9.4% | $1.72B |
| Research and development | $848.3M+10.5% | $767.5M+2.3% | $750.6M+20.2% | $624.7M+16.4% | $536.7M |
| Selling and marketing | $581.3M+13.8% | $510.7M+4.0% | $490.8M+5.2% | $466.6M+3.2% | $452.2M |
| General and administrative | $238.7M+8.2% | $220.6M+2.5% | $215.3M+20.0% | $179.4M-1.4% | $181.9M |
| Significant asset impairments and restructuring costs | $112.1M+355.9% | $24.6M+3.2% | $23.8M-29.5% | $33.8M+14.4% | $29.6M |
| Amortization of intangible assets | $25.8M-12.9% | $29.6M-20.8% | $37.4M+14.9% | $32.5M+37.0% | $23.7M |
| Acquisition and integration costs | $1.1M | $0-100.0% | $3.5M+480.9% | $598K-76.7% | $2.6M |
| Total operating expenses | $1.81B+16.4% | $1.55B+2.1% | $1.52B+13.7% | $1.34B+9.0% | $1.23B |
| Income from operations | $197.5M+18.6% | $166.6M-53.4% | $357.5M+60.5% | $222.8M-55.0% | $495.4M |
| Interest and other income, net | $48.9M-2.7% | $50.3M-18.9% | $62.0M+819.0% | $6.7M+481.6% | -$1.8M |
| Interest expense | -$89.4M+7.9% | -$97.0M-10.2% | -$88.0M-87.1% | -$47.0M-52.6% | -$30.8M |
| Loss on extinguishment and modification of debt | -$729K | $0+100.0% | -$7.9M | $0 | $0 |
| Income before income taxes | $156.3M+30.4% | $119.8M-63.0% | $323.7M+77.3% | $182.5M-60.6% | $462.8M |
| Provision for income taxes | $32.9M-8.2% | $35.9M-47.8% | $68.8M+132.5% | $29.6M+179.1% | -$37.4M |
| Net income | $123.3M+46.9% | $84.0M-67.1% | $254.8M+66.7% | $152.9M-69.4% | $500.2M |
| Basic net income per common share (in dollars per share) | $870.00+50.0% | $580.00-66.1% | $1710.00+69.3% | $1010.00-68.6% | $3220.00 |
| Diluted net income per potential common share (in dollars per share) | $850.00+46.6% | $580.00-66.1% | $1710.00+71.0% | $1000.00-68.7% | $3190.00 |
| Weighted average basic common shares outstanding (in shares) | 142.2M-1.7% | 144.7M-2.9% | 149.0M-1.5% | 151.2M-2.6% | 155.3M |
| Weighted average diluted potential common shares outstanding (in shares) | 145.2M-0.5% | 146.0M-2.3% | 149.4M-1.8% | 152.2M-2.9% | 156.7M |
| Products | |||||
| Services | |||||
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Ciena reported fiscal Q2 2026 revenue of $1.57B, up 40% YoY, with adjusted EPS of $1.64, up 290% YoY, and raised full-year 2026 guidance to $6.3B
“Our long-term strategy to be the global leader in high-speed connectivity is tightly aligned to structural, multi-year opportunities created by AI-driven demand”
| Trade Date | Filed | Owner | Role | Type | Shares | Price | Value | Owned After | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-05-15 | 2026-05-19 | Gage Brodie | SVP Global Products & Supply | Sale | 1,200 | $570.65 | $685K | 43.9K | View | |
| 2026-05-15 | 2026-05-19 | Rothenstein David M | SVP and Chief Strategy Officer | Sale | 2,500 | $562.39 | $1.41M | 190.1K | View | |
| 2026-05-15 | 2026-05-19 | SMITH GARY B | Director & President, CEO | Sale | 2,952 | $562.05 | $1.66M | 272.5K | View | |
| 2026-05-01 | 2026-05-04 | SMITH GARY B | Director & President, CEO | Sale | 2,952 | $537.74 | $1.59M | 275.5K | View | |
| 2026-04-15 | 2026-04-17 | Rothenstein David M | SVP and Chief Strategy Officer | Sale | 2,500 | $467.65 | $1.17M | 192.6K | View |
Informational purposes only, not investment advice.