← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Ciena converted network-capacity demand into 19% growth and much higher free cash flow, but thin margins and a distress-range screen kept the recovery qualified.
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 18.8%OK
- Profitability — Net income grew 46.9% to $123.338M from $83.956MOK
- Cash flow — Free cash flow grew 76.1% to $665.292M from $377.891MOK
- Margins — Operating margin contracted 1 bps to 4.14%Watch
- Accounting — Rapid optical growth with balance-sheet cautionWatch
- Insiders — 0 purchases and 65 salesWatch
Business
Ciena provides optical networking, routing, switching and network-automation products.
Where the revenue comes from
Fiscal 2025, as CIENA CORP reports it. History and quarterly detail are in the app.
- Products$3.8B
- Optical Networking$3.2B
- Services$946.9M
- Routing and Switching$430.1M
- Platform Software and Services$363.8M
Leadership changes
From CIENA CORP's own filings, the day they're filed.
- Scott McFeely · President · departureeff. 2023-10-27
- David M. Rothenstein · Chief Strategy Officer · departure
Latest filings
- 8-K · Company announcement2026-09-03
- 10-Q · Quarterly report2026-09-03
- 8-K · Company announcement2026-06-11
- 8-K · Company announcement2026-06-08
- 8-K · Company announcement2026-06-04
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about CIENA CORP, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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