Full-Time
Delivers adaptive optical networking services
$235.6k - $376.4k/yr
Company Does Not Provide H1B Sponsorship
New Providence, NJ, USA
In Person
Bachelor's, Master's, PhD
See people who can refer or advise you
Ciena designs and sells optical and routing hardware, automation software, and professional services to build adaptive networks for telecom providers, cable operators, governments, and enterprises. Its systems combine physical networking gear with software that automates traffic routing and resource management so networks can adjust in real time to changing demand. It differentiates itself by offering an end-to-end solution—hardware, software, and services—plus a large global customer base and close collaboration with customers and partners. Its goal is to enable richer, more connected experiences by helping customers deploy flexible, scalable networks that meet evolving digital needs.
Company Size
10,001+
Company Stage
IPO
Headquarters
Linthicum, Maryland
Founded
1992
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Employee Assistance Program (EAP)
Company Paid Holidays
Paid Sick Leave
Vacation Time
Ciena Corporation reported third-quarter fiscal 2026 revenue of $1.67 billion, up 37% year over year, with adjusted earnings per share more than tripling to $2.11. The networking equipment maker's order backlog reached $8.5 billion, growing $800 million in the quarter. The company projects backlog will exceed $10 billion by fiscal year-end, driven by hyperscale customers building AI infrastructure. Optical networking revenue rose 46% to $1.19 billion, whilst cloud provider revenue grew over 80%. Adjusted gross margin hit a record 46.4% and operating margin reached 22.5%. Management guides fiscal 2027 revenue to at least $8.3 billion with operating margin as high as 27%. Ciena signed long-term component agreements through 2029 to secure supply. Two customers accounted for 41.7% of revenue, presenting concentration risk.
Ciena and Arista Networks both bet on AI-driven network traffic growth, but their financial profiles differ sharply. Ciena raised its fiscal 2026 revenue outlook to $6.42 billion, backed by an $8.5 billion backlog expected to exceed $10 billion by fiscal year-end. Arista lifted its 2026 revenue outlook to $12.6 billion for the third time, citing improved supply. However, Ciena trades at 95.5 times EBIT versus Arista's 51.6 times, despite Arista's superior 43.1% operating margin compared to Ciena's 11.2%. Arista grew revenue 32.6% over twelve months to $10.54 billion, with a 38.4% net margin. Ciena's three-year average growth stands at 12.1% with a 7.9% net margin. Ciena targets a 25% to 27% adjusted operating margin for fiscal 2027. Both companies cite supply constraints lasting until 2028.
Ciena delivered strong fiscal Q3 results, beating analyst expectations with adjusted earnings per share of $2.11 on nearly $1.7bn revenue. The company's backlog grew to $8.5bn, up $800m year-over-year, and is expected to exceed $10bn by year-end. Management forecast 30% revenue growth for fiscal 2027. Despite the positive results, shares fell over 15% in the five days following the report. Investors focused on potential margin normalisation after tariff refund benefits and customer concentration risks, with just two clients accounting for 42% of quarterly revenue. The report may offer insights for investors evaluating optical networking plays, including rivals Lumentum Holdings and Coherent. Whilst Ciena provides optical networking systems, these competitors focus on optical components and transceivers for AI data centres.
Ciena and NetApp delivered strong earnings this week, demonstrating how AI infrastructure demand extends beyond mega-cap stocks. Ciena reported fiscal Q3 adjusted earnings of $2.11 per share, up 215% year-over-year, beating estimates by 21%. Revenue surged 37% to a record $1.67 billion. The optical networking company raised its fiscal 2026 revenue guidance to approximately $6.42 billion, representing roughly 35% growth, with expectations for at least 30% revenue growth in fiscal 2027. NetApp posted fiscal Q1 revenue of $2.02 billion, up 30% year-over-year, beating estimates by nearly 10%. Adjusted earnings jumped 66% to $2.58 per share, surpassing expectations by 21%. All-flash array revenue reached a record $1.31 billion, up nearly 47%. Both companies are benefiting from cloud providers upgrading infrastructure for AI data centres. Despite the results, Ciena shares fell over 10% on component-supply concerns.
New Buy rating for Ciena (CIEN), the Technology giant. Sep. 3, 2026, 08:55 PM In a report released yesterday, Sean O'Loughlin from TD Cowen reiterated a Buy rating on Ciena, with a price target of $400.00. According to TipRanks, O'Loughlin is a 3-star analyst with an average return of 12.0% and a 48.28% success rate. O'Loughlin covers the Technology sector, focusing on stocks such as Ciena, Marvell, and Semtech. In addition to TD Cowen, Ciena also received a Buy from Rosenblatt Securities's Michael Genovese in a report issued yesterday. However, on the same day, Evercore ISI reiterated a Hold rating on Ciena (NYSE: CIEN). Based on Ciena's latest earnings release for the quarter ending May 2, the company reported a quarterly revenue of $1.57 billion and a net profit of $218.22 million. In comparison, last year the company earned a revenue of $1.13 billion and had a net profit of $8.97 million Read More on CIEN: