Official Ciena Waveserver 5 optical networking platform
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CIENA

More AI. More connections.

Record optical demand and higher margins meet the challenge of securing enough components to fulfill a growing backlog.

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CIENA Overview
LATEST RESULTS

THE QUARTER, IN FOCUS.

Official Ciena Waveserver 5 optical networking platform
LATEST EARNINGS

THE QUARTER. AT A GLANCE.

Q3 FY2026 · Sep 3, 2026

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NEXT EARNINGSDec 10, 2026Estimated · Not yet confirmed

Beat both estimatesvs analyst estimates
RevenueBeat
ACTUAL$1.671B
vs
ESTIMATE$1.637B
+$33.9M (+2.1%)Reported revenue
Adjusted EPSBeat
ACTUAL$2.11
vs
ESTIMATE$1.73
+$0.38 (+22.0%)Non-GAAP diluted EPS

THE BUSINESS, OVER TIME.

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Revenue · FY2025$4.77B
+18.8% vs previous year

Revenue increased versus the previous year.

4.8B2.4B0.0B$4.39BFY2023$4.01BFY2024$4.77BFY2025
Select a period to inspectUSD · Reported · Retrieved Sep 14, 2026
LOOKING AHEAD

REVENUE EXPECTATIONS

Estimated annual revenue · FY2028$10.76B
2.3× FY2025 revenue
10.8B5.4B0.0B$4.77BFY2025$6.42BFY2026E$8.43BFY2027E$10.76BFY2028E
ReportedAnalyst estimate
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USD · Estimates are not guidance · Snapshot Sep 14, 2026

RATINGS & TARGETS

THE ANALYST VIEW

76%

32 of 42 analysts rate it BuyStrong Buy ratings included

32 Buy10 Hold0 Sell
Analyst price targets$478.50 average
$347 low$615 high$319.64 quote

Quote Sep 14, 2026 · Targets reflect analyst opinions.

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Snapshot · Sep 14, 2026

INSTITUTIONAL HOLDINGS · FORM 13F

HOW POSITIONS CHANGED.

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Opened or increased732reported positions

Reporting period
Jun 30, 2026

Reduced or closed493reported positions
New positions263
Increased469
Reduced386
Closed positions107

Changes in reported share holdings, not transaction dates or money flows.
Snapshot Sep 14, 2026 · Compared with prior reported holdings.

Insiders, Congress & institutions