Insider buying last 90 days
No open-market insider purchases were filed for CIEN in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every CIEN insider filing, plotted on the chart in Gekko.Open CIEN in Gekko
NYSE: CIEN
Ciena (CIEN) Stock Analysis & Forecast
$348.80+4.55 (+1.3%)
Close on Sep 18, 2026. Page updated Sep 19, 9:19 pm ET.
Gekko Brief
AI summaryCiena closes at $348.80, up 1.3%, with the stock sitting between its 50-day average of $383.96 and 200-day average of $383.79. The GekkoIndex reads 63.6, placing the stock in the Accumulation zone, while shares trade 12% below Gekko Fair Value of $396.37. Over the past month the stock is down 12.7%, and its 52-week range spans $133.67 to $637.51.
The week's activity centers on Ciena's investor forum, where the company outlined a target of approximately $14 billion in revenue by fiscal 2029, supported by a 30% annual growth rate, citing optical demand that continues to exceed supply. This followed record Q3 FY26 results reported on 3 September, with revenue of $1.7 billion, up 37% year-over-year, adjusted operating margin of 22.5%, and adjusted EPS of $2.11 against an estimate of $1.46, though the stock's reaction to that report was -9.4%. In response to the forum, Northland Securities raised its target to $550 from $500 with an Outperform rating, Needham & Company reiterated a Buy rating with a $520.00 target, and TD Cowen reiterated Buy with a $400 target. Nykredit A/S disclosed a new stake of 58,141 shares valued at approximately $28.5 million.
Ciena's next earnings date falls on 10 December, 81 days out and beyond a typical 20-day hold. Over the last 30 days, options activity shows 5 unusual signals, with put premium of $15,372,856 against call premium of $3,854,201. Analyst coverage stands at 10 buy and 4 hold ratings among 14 firms, with a consensus target of $497.20. Seasonally, the next 20 trading days have averaged a 6.4% gain over 5 years, rising in 3 of them.
Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.
Price vs fair value
Close $348.80200-day averageGekko Fair Value $396.37
Key stats
- Market cap
- $49.37B
- P/E ratio
- 71.4
- Forward P/E
- 37
- EPS, TTM
- $4.68
- Revenue, TTM
- $6.02B
- Profit margin
- 10.9%
- Dividend yield
- —
- Beta
- 1.31
- Volume
- 4.82M avg 2.63M
- 1-year return
- +155.8%
- Typical daily move
- ±7%
- Typical 20-day move
- ±9.7%
- 50-day average
- $383.96
- 200-day average
- $383.79
- Next earnings
- Dec 10 before open
- Shares outstanding
- 141.8M
Ciena swing-trade checklist
Ciena scores 4 supportive, 1 mixed and 1 headwind across the 6 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
4 supportive1 mixed1 headwind
- Trendmixed
Averages disagree
Close $348.80 sits between the 50-day ($383.96) and 200-day ($383.79) averages, or the averages disagree.
See the chart - GekkoIndexsupportive
63.6, Accumulation
Reading 63.6 is in the Accumulation zone.
See the GekkoIndex - Fair valuesupportive
12.0% below
Price is 12% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneyheadwind
Leans bearish
Last 30 days: 5 unusual options signals.
See smart money - Earnings risksupportive
Reports in 81 days
Next report Dec 10, 2026, 81 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+6.4% on average
From this point in the calendar, the next 20 trading days averaged +6.4% over 5 years, rising in 3 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Ciena stock chart and price history
Ciena closed at $348.80 on Sep 18, 2026, +155.8% over the past year, inside a 52-week range of $133.67 to $637.51.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −12.7%
- 3 months
- −18.5%
- 6 months
- −15.5%
- 1 year
- +155.8%
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About Ciena
Ciena designs equipment, software and services that let network operators move video, data and voice traffic across their systems. It is recognized for building the optical and packet switching gear that keeps large communication networks running smoothly.
Its work is split across a few areas. One line of business centers on hardware that blends optical transport with packet switching, including product families like the 6500, 5400, Z-Series, Waveserver and the 3000 and 5000 switches, along with the embedded software that runs them. A separate arm, Blue Planet, focuses on automation software that coordinates services across network domains, tracks equipment inventories, manages virtualized functions and supplies analytics. Another group offers management software such as OneControl for planning and running networks, while its services division handles consulting, network design, installation, maintenance and training. Ciena reaches operators both through its own sales staff and through outside partners.
The company was founded in 1992 and is based in Hanover, Maryland. Its shares trade on the NYSE under the ticker CIEN.
- Listed
- NYSE
- Sector
- Electronic technology
- Industry
- Telecommunications equipment
- Website
- ciena.com
Ciena GekkoIndex: the smart money zone
Ciena’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 63.6, in the Accumulation zone, down 1.2 points over five sessions.
63.6Accumulation
Down 1.2 points over five sessions.
Reading for Sep 18, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 22 | +3.5% | −0.3% | ||
| Accumulation (current zone) | 140 | −0.7% | +2.5% | ||
| Neutral | 401 | +3.0% | +9.5% | ||
| Distribution | 92 | −0.2% | +8.2% | ||
| Selling | 7 | Too few readings yet | |||
Average CIEN share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
See every daily GekkoIndex reading plotted over the CIEN price, zone by zone.Track CIEN in Gekko
Is Ciena stock overvalued? Gekko Fair Value
Ciena trades 12.0% below Gekko Fair Value of $396.37, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Ciena shares are worth, recalculated every trading day.
$396.37
Gekko Fair Value, Sep 17, 2026
12.0% Undervalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open CIEN in Gekko
Ciena insider and Congress trading
No open-market insider purchases were filed for Ciena, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in CIEN were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for CIEN, plotted on the chart in Gekko.Open CIEN in Gekko
Buybacks
Ciena has been buying back its own shares.
- Bought back, quarter ended Aug 1, 2026
- $271.9M
- As a share of market cap
- 0.55%
- Trailing four quarters
- $554.6M
From company filings.
Unusual options activity last 30 days
5signals, 20% of the flagged premium in calls.
Latest: Bullish flow on Sep 19, $1.27M in unusual premium.
Hedge funds and billionaires quarter ended Jun 30
3of the funds Gekko tracks hold CIEN.
1added1opened1trimmed3sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko
Ciena earnings: next date and track record
Ciena reports on Dec 10, 2026, before the open (81 days away), and beat the EPS estimate in 4 of its last 8 reports.
Next earnings report
Dec 10, 2026
Expected before the open, 81 days away
- EPS estimate
- $2.05
- Revenue estimate
- $1.76B
4 of 8reports beat the EPS estimate
±13.4%average move across the report
3 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Sep 3, 2026 AI summary
- What they said
- Ciena reported record Q3 FY26 results with revenue of $1.7 billion, up 37% year-over-year. Adjusted operating margin hit 22.5%, more than doubling year-over-year and marking a company record. Adjusted EPS surged 215% YoY to $2.11. Book-to-bill ratio was significantly above 1, with backlog growing substantially. AI-driven network infrastructure demand is accelerating across WAN, AI WAN, and data center markets.
- Guidance
- Ciena projects exiting FY26 with over $10 billion in backlog. Q4 backlog growth is expected to exceed Q3's rate, with one month of Q4 orders already approaching Q3's total volume, signaling continued strong momentum.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Sep 3, 2026 | $0.41 est $1.46 | $1.67B est $1.64B | −9.4% |
| Jun 4, 2026 | $1.64 est $1.46 | $1.57B est $1.50B | −21.3% |
| Mar 5, 2026 | $1.03 est $1.16 | $1.43B est $1.40B | −14.4% |
| Dec 11, 2025 | $0.91 est $0.78 | $1.35B est $1.29B | −1.5% |
| Sep 4, 2025 | $0.67 est $0.53 | $1.22B est $1.17B | +23.1% |
| Jun 5, 2025 | $0.42 est $0.52 | $1.13B est $1.09B | −13.3% |
| Mar 11, 2025 | $0.64 est $0.41 | $1.07B est $1.05B | +1.3% |
| Dec 12, 2024 | $0.54 est $0.66 | $1.12B est $1.10B | +22.6% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Ciena stock forecast and analyst price targets
Analysts’ average 12-month price target for Ciena is $497.20, +42.5% from the last close, from 14 firms rating the stock in the last 90 days.
$497.20consensus 12-month target, +42.5% from the last close
Now $348.80Avg $497.20
Low $347High $658
Each firm’s latest rating in the last 90 days: 14 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 17 | Morgan Stanley | $450 | +29.0% |
| Sep 17 | J.P. Morgan | $605 | +73.5% |
| Sep 17 | Needham | $520 | +49.1% |
| Sep 17 | Rosenblatt Securities | $525 | +50.5% |
| Sep 17 | Northland Securities | $550 | +57.7% |
+2.5%average 20-day move after past Accumulation readings
+6.4%average move over the next 20 trading days in the last 5 years
±7%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Ciena seasonality: the next 20 trading days
Over the next 20 trading days from Sep 19, Ciena averaged +6.4% across the last 5 years, rising in 3 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +1.1% | 3 of 5 |
| Next 10 trading days | +4.7% | 4 of 5 |
| Next 15 trading days | +4.7% | 3 of 5 |
| Next 20 trading days | +6.4% | 3 of 5 |
| Next 30 trading days | +12.6% | 4 of 5 |
For scale, CIEN’s typical 20-trading-day move in either direction is about 9.7%.
Ciena market cap and key statistics
Ciena’s market cap is $49.37B, with a P/E ratio of 71.4 and revenue of $6.02B over the last twelve months.
Valuation
- Market cap
- $49.37B
- P/E ratio
- 71.4
- Forward P/E
- 37
- EPS, TTM
- $4.68
- Gekko Fair Value
- $396.37
Trading
- Volume
- 4.82M
- Avg volume, 20 days
- 2.63M
- 52-week high
- $637.51
- 52-week low
- $133.67
- Shares outstanding
- 141.8M
Financials
- Revenue, TTM
- $6.02B
- Profit margin
- 10.9%
- Return on equity
- 22.4%
- Quarterly earnings growth, YoY
- +422.9%
Risk and income
- Beta
- 1.31
- Typical daily move
- ±7%
- Typical 20-day move
- ±9.7%
Ciena stock news this week
Coverage of Ciena this week reads positive: 7 positive, 1 neutral and 0 negative headlines.
- Nykredit A S Acquires New Shares in Ciena Corporation $CIENMarketBeat, Sep 19
- Ciena Targets $14B Revenue by 2029 as Optical Demand Outruns SupplyYahoo Finance, Sep 18
- Ciena stock rises as analysts lift target after $14B FY29 revenue outlookInvezz, Sep 17
- Northland Securities Adjusts Ciena PT to $550 From $500, Maintains Outperform Ratingwww.marketscreener.com, Sep 17
- Ciena (NYSE:CIEN) Earns Buy Rating from Needham & Company LLCMarketBeat, Sep 17
- Ciena Corporation (CIEN) Discusses Financial Objectives, Margin Improvement and Demand Acceleration in Optical Systems Prepared Remarks TranscriptSeeking Alpha, Sep 17
Ciena peers
Ciena’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| AAPLApple | Neutral | 28.0% above |
| CSCOCisco Systems | Accumulation | 8.9% above |
| MSIMotorola Solutions | Accumulation | 0.1% above |
| GRMNGarmin | Accumulation | 14.7% above |
| UIUbiquiti | Neutral | 11.0% above |
| VSATViaSat | Neutral | 11.7% below |
A peer links to its own page where one exists.
Ciena stock FAQ
What is Ciena’s market cap?
Ciena’s market cap is $49.37B at the Sep 18, 2026 close of $348.80, with 141.8M shares outstanding. The shares trade on a P/E ratio of 71.4.
What is the Ciena stock forecast?
The consensus analyst 12-month price target for Ciena is $497.20, +42.5% from the last close. Of the 14 firms that rated the stock in the last 90 days, 10 rate it a buy, 4 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Ciena stock overvalued or undervalued?
On Gekko’s estimate Ciena is undervalued: the Sep 18, 2026 close of $348.80 is 12.0% below Gekko Fair Value of $396.37. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Ciena report earnings next?
Ciena is expected to report on Dec 10, 2026, before the market opens (81 days away). Analysts expect earnings of $2.05 per share on revenue of $1.76B. Ciena beat the earnings estimate in 4 of its last 8 reports, moving 13.4% on average across the report.
What is Ciena’s 52-week high and low?
Ciena’s 52-week high is $637.51 and its 52-week low is $133.67; it closed at $348.80 on Sep 18, 2026, +155.8% over the past year.
Is Ciena stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 6 items with data read as supportive (gekkoindex, fair value, earnings risk and seasonality), 1 as mixed (trend) and 1 as a headwind (smart money). The checklist is a description of current data, not a recommendation.
Is there unusual options activity in Ciena?
Gekko flagged 5 unusual options signals in Ciena over the last 30 days, with $3.85M of flagged premium in calls and $15.37M in puts. The latest, bullish flow, was on Sep 19, 2026 with $1.27M in unusual premium. The signal-by-signal table is in Gekko.
How this page works
Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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