Added to YB: 2026-03-12
Pitch date: 2026-03-10
CIEN [neutral]
Ciena Corporation
+0.88%
current return
Author Info
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Company Info
Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India.
Market Cap
$45.0B
Pitch Price
$333.89
Price Target
N/A
Dividend
N/A
EV/EBITDA
77.04
P/E
202.53
EV/Sales
8.83
Sector
Communications Equipment
Category
growth
Ciena ($CIEN) - The Scale-Across King
CIEN (update): Q4 rev $1.43B (+33% YoY), adj EPS $1.35 (2x prior year). Backlog surged $2B in quarter to ~$7B; nearly all new orders pushed to FY27 fulfillment. Mgmt sees 'incredibly strong demand' with 'durability through 2027+.' 3 hyperscalers ramping optical for multi-site AI training. RLS had 2nd consecutive record quarter; Hyper-Rail (10x fiber density) standardizing end-2026. Service providers returning after 5yr underinvestment; MOFN 10-15% of SP biz. Adj GM 44.7%, raised FY guide. Supply-constrained despite demand surge across hyperscalers, SPs, neoscalers. Early stages of AI network buildout wave.
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