CIEN

Ciena Corporation
NYSEUSDEQUITY Technology DELAYED
Last price
445.50
▲ 55.81 (14.32%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
391.53
Prev close
389.69
Day high
446.19
Day low
392.00
Volume
6.38M
Market cap
$62.91B
P/E (TTM)
99.25
52W range
147.36 – 637.51

Day trading desk

Current session · delayed
Gap from prior close
+0.47%
Prior close 389.69
VWAP
429.90
+3.63% from price
Relative volume
2.51×
Unusually busy
Session range
14.98%
388.20 – 446.37
Position in range
99%
Near session high
ATR (14D)
21.66
4.86% of price
Prior day high
397.47
PDH
Prior day low
382.50
PDL
Bid / ask spread
—
Quote not published
Session volume
5.89M
Avg 2.35M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+25.00% +23.1%
1M
+38.21% +37.1%
3M
+0.61% -3.9%
6M
-0.94% -19.1%
YTD
+89.70% +75.4%
1Y
+192.93% +176.5%
3Y
+838.74% +756.5%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

11 more panels on CIEN open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
-68.18K
Net selling
Buy transactions
1
6.52K shares
Sell transactions
34
74.70K shares
Net transactions
+35
Buys less sells
Sell : buy shares
11.5 : 1
Heavily one-sided
Insider-held shares
812.56K
Total on file
Bought 6.52KSold 74.70K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 25, 26
CUMELLO JOSEPH RONALD
Officer
SELL 1.59K $568.61K Direct
Sep 24, 26
CLAFLIN BRUCE L
Director
SELL 2.86K $1.02M Indirect
Sep 16, 26
DIPERNA DINO
Officer
SELL 498 $168.04K Direct
Sep 15, 26
GAGE BRODIE
Officer
SELL 1.20K $389.83K Direct
Sep 15, 26
ROTHENSTEIN DAVID M.
Officer
SELL 2.50K $826.21K Direct
Sep 15, 26
SMITH GARY BRIAN
Chief Executive Officer
SELL 2.95K $974.69K Direct
Sep 1, 26
SMITH GARY BRIAN
Chief Executive Officer
SELL 2.95K $1.07M Direct
Aug 17, 26
GAGE BRODIE
Officer
SELL 1.20K $527.09K Direct
Aug 17, 26
SMITH GARY BRIAN
Chief Executive Officer
SELL 2.95K $1.32M Direct
Aug 14, 26
GRAFF MARC D.
Chief Financial Officer
SELL 5.00K $2.15M Direct
Aug 14, 26
ROTHENSTEIN DAVID M.
Officer
SELL 2.50K $1.10M Direct
Aug 3, 26
SMITH GARY BRIAN
Chief Executive Officer
SELL 2.95K $1.12M Direct
Jul 15, 26
GAGE BRODIE
Officer
SELL 1.20K $538.98K Direct
Jul 15, 26
DIPERNA DINO
Officer
SELL 782 $351.24K Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
CLAFLIN BRUCE L
Director — Sale
CUMELLO JOSEPH RONALD
Officer 39.57K Sale
FITT LAWTON WEHLE
Director 130.03K Stock Award(Grant)
GALLAGHER PATRICK T.
Director 50.79K Stock Award(Grant)
GRAFF MARC D.
Chief Financial Officer 107.52K Sale
KOSARAJU SHEELA
General Counsel 88.08K Sale
MOYLAN JAMES E JR
Chief Financial Officer 380.22K Stock Gift
PHIPPS JASON
Officer 62.38K Sale
ROTHENSTEIN DAVID M.
Officer 177.73K Sale
SMITH GARY BRIAN
Chief Executive Officer 240.13K Sale

Fundamentals

TTM · reported
Market cap$62.91B
Enterprise value$63.57B
Revenue (TTM)$6.02B
Gross profit$2.65B
EBITDA$1.03B
Net income$654.41M
EPS (TTM)$4.47
Free cash flow$633.37M
Total cash$2.63B
Total debt$3.29B
Book value / share$21.54
Shares outstanding141.81M
Float141.16M
Short % of float3.99%
Dividend yield0.00%
Beta (5Y)1.29

Valuation & profitability ratios

Account required
Trailing P/E99.25
Forward P/E37.51
PEG ratio0.39
Price / sales—
Price / book20.59
EV / revenue10.56
EV / EBITDA61.99
Gross margin44.07%
Operating margin18.08%
Profit margin10.87%
Return on equity22.40%
Return on assets7.73%
Debt / equity107.50
Current ratio3.80
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 6 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $4.77B$4.01B$4.39B$3.63B +18.8%
Operating revenue $4.77B$4.01B$4.39B$3.63B +18.8%
Cost of revenue $2.76B$2.30B$2.51B$2.07B +20.4%
Gross profit $2.00B$1.72B$1.88B$1.56B +16.6%
Research & development $848.33M$767.50M$750.56M$624.66M +10.5%
Selling, general & admin $820.04M$731.32M$706.09M$645.95M +12.1%
Total operating expense $1.69B$1.53B$1.49B$1.30B +10.8%
Operating income $310.79M$191.21M$384.85M$257.23M +62.5%
Net interest income -$36.74M-$36.49M-$48.06M-$42.91M -0.7%
Pre-tax income $156.29M$119.85M$323.65M$182.50M +30.4%
Tax provision $32.95M$35.89M$68.83M$29.60M -8.2%
Net income $123.34M$83.96M$254.83M$152.90M +46.9%
Net income to common $123.34M$83.96M$254.83M$152.90M +46.9%
Basic EPS 0.870.581.711.01 +50.0%
Diluted EPS 0.850.581.711.00 +46.6%
EBIT $248.05M$218.46M$416.73M$235.47M +13.5%
EBITDA $388.39M$351.93M$558.91M$375.67M +10.4%
Basic shares 142.22M144.72M148.97M151.21M -1.7%
Diluted shares 145.25M145.96M149.38M152.19M -0.5%

Options analytics

Account required
Put / call volume
1.32
Put-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
220.00
-50.4% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
5.36K
Contracts, this expiry
Put volume
7.10K
Contracts, this expiry
Heaviest call OI
220.00
0 contracts
Heaviest put OI
220.00
0 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jul 2026 1.732.11 +22.1%
Apr 2026 1.461.64 +12.3%
Jan 2026 1.171.35 +15.6%
Oct 2025 0.770.91 +18.2%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 1.62 5 $1.76B +30.2%
Next quarter 2.36 15 $1.84B +29.0%
Current year 7.17 19 $6.42B +34.7%
Next year 10.24 7 $8.40B +30.8%

Analyst targets & ownership

Account required
Mean target$512.99
High target$660.00
Low target$347.00
Implied upside15.15%
Analyst count20
ConsensusBUY
Strong buy / Buy5 / 11
Hold5
Sell / Strong sell0 / 0
Held by insiders0.57%
Held by institutions95.98%
Institutions holding1.66K
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
372.60
+19.57% from price
SMA 20
358.51
+23.75% from price
SMA 50
375.27
+18.22% from price
SMA 100
427.21
+4.28% from price
SMA 200
393.42
+12.77% from price
EMA 12
378.22
+17.79% from price
EMA 26
370.84
+20.13% from price
EMA 50
380.86
+16.97% from price
RSI (14)
69.7
Neutral
MACD (12,26,9)
7.38
Hist 10.19
ATR (14)
21.66
4.88% of price
Realised vol 30D
75.4%
Annualised
Bollinger upper
411.32
20, 2σ
Bollinger lower
305.70
20, 2σ
50 / 200 cross
Death
375.27 vs 393.42
Trend bias
Above 200
+12.77%

Options chain

Account required
Expiry
Spot 445.50
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
2.51
More volatile than market
Correlation to SPY
0.44
Loosely linked
Realised vol 30D
75.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-49.4%
Peak to trough
Max drawdown 5Y
-49.5%
Peak to trough
ATR 14
21.66
4.88% of price
Beta (reported)
1.29
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
3.59M
Prior 2.92M
Change vs prior
+22.9%
Shorts adding
% of float
3.99%
Normal
% of shares out
2.53%
Against total outstanding
Days to cover
1.5
Liquid
Float
141.16M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

408 on file
DateFirm ActionFromTo
Sep 30, 26 Bernstein INITIATED — Outperform
Sep 21, 26 Evercore ISI Group UPGRADE In-Line Outperform
Sep 17, 26 Barclays MAINTAINED Overweight Overweight
Sep 17, 26 Rosenblatt MAINTAINED Buy Buy
Sep 17, 26 Morgan Stanley MAINTAINED Equal-Weight Equal-Weight
Sep 17, 26 Needham MAINTAINED Buy Buy
Sep 4, 26 B. Riley Securities MAINTAINED Neutral Neutral
Sep 4, 26 Morgan Stanley MAINTAINED Equal-Weight Equal-Weight
Sep 4, 26 JP Morgan MAINTAINED Overweight Overweight
Sep 4, 26 UBS MAINTAINED Neutral Neutral
Sep 4, 26 TD Cowen MAINTAINED Buy Buy
Sep 4, 26 Barclays MAINTAINED Overweight Overweight

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split1:7
Split dateSep 25, 2006

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.