Ciena: revenue, profit and cash flow

In fiscal 2025, Ciena had revenue of $4.77B, up 6.9% a year on average since 2015, and net income of $123M (2.6% of revenue). It has 21% more shares than in 2015.

Revenue, fiscal 2025

$4.77B+6.9% a year

average annual revenue growth since 2015 · +18.8% vs 2024

Net income, 2025

$123M

2.6% of revenue

Diluted EPS, 2025

$0.85

23.9% a year since 2015

Revenue growth, 5 years

6.2% a year

since 2020

Shares, 2025

145M

+20.9% since 2015

Free cash flow, 2025

$665M

$806M from operations − $141M capex

Ticker: CIEN · NYSE
Sector: Information Technology
Sub-industry: Communications Equipment
Headquarters: Hanover, Maryland
Founded: 1992
In the S&P 500 since: February 9, 2026
Latest fiscal year: 2025, ended November 1, 2025
SEC filer: Ciena Corp · CIK 0000936395

Revenue and net income

Revenue went from $902M in 2008 to $4.77B in 2025. Net loss in 2009–2014, 2018.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $0.42 in 2008 to $0.85 in 2025. Ten-year growth: 23.9% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

20.9% more shares in 2025 than in 2015 (120M → 145M): new shares outweighed buybacks.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $665M in 2025, 13.9% of revenue. Negative in 2009–2011, 2022.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Shares	Operating cash flow	Capex	Free cash flow
2025	$4.77B	$123M	2.6%	$0.85	145M	$806M	$141M	$665M
2024	$4.01B	$84M	2.1%	$0.58	146M	$515M	$137M	$378M
2023	$4.39B	$255M	5.8%	$1.71	149M	$168M	$106M	$62.1M
2022	$3.63B	$153M	4.2%	$1.00	152M	−$168M	$90.8M	−$259M
2021	$3.62B	$500M	13.8%	$3.19	157M	$542M	$79.5M	$462M
2020	$3.53B	$361M	10.2%	$2.32	156M	$494M	$82.7M	$411M
2019	$3.57B	$253M	7.1%	$1.61	158M	$413M	$62.6M	$351M
2018	$3.09B	−$345M	−11.1%	−$2.49	144M	$229M	$67.6M	$162M
2017	$2.8B	$1.26B	45.0%	$7.53	170M	$235M	$94.6M	$140M
2016	$2.6B	$72.6M	2.8%	$0.51	151M	$290M	$107M	$182M
2015	$2.45B	$11.7M	0.5%	$0.10	120M	$262M	$62.1M	$200M
2014	$2.29B	−$40.6M	−1.8%	−$0.38	106M	$89.8M	$48.2M	$41.6M
2013	$2.08B	−$85.4M	−4.1%	−$0.83	102M	$44.7M	$43.8M	$864K
2012	$1.83B	−$144M	−7.9%	−$1.45	99.3M	$107M	$48.1M	$59M
2011	$1.74B	−$196M	−11.2%	−$2.04	95.9M	−$90.5M	$52.4M	−$143M
2010	$1.24B	−$334M	−27.0%	−$3.58	93.1M	−$229M	$51.2M	−$280M
2009	$653M	−$581M	−89.0%	−$6.37	91.2M	$7.42M	$24.1M	−$16.7M
2008	$902M	$38.9M	4.3%	$0.42	111M	$118M	$30M	$87.6M

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

About these figures

No dividends per share in the filings data. Usually that means no dividend, but some companies report theirs in a form the data do not capture.
Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.