CIEN Ciena Corporation Common Stock
NYSE · Communications · View on SEC EDGAR ↗ close Oct 6, 2026 10-K/10-Q Sep 3, 2026
$443.65
· of 52w range
· above low
· to high
$147.3652w low
$637.5152w high
Market Cap
$62.56B
P/E (TTM)
104.9
EPS (TTM)
$4.23
Revenue (TTM)
$6.07B
your badges
52W Range
$147–$638
Analyst Rating
BUY
Price Target
$513
P/E
104.9
ROE
4.5%
Net Profit Margin
10.2%
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CIEN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$443.65
Market Cap
$62.56B
P/E (TTM)
104.9
EPS (TTM)
$4.23
Revenue (TTM)
$6.07B
ROE
4.5%
Debt/Equity
0.6
52W Range
$147–$638
CIEN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Sept. 25, 2006 | 1-for-7 | Reverse |
| Sept. 19, 2000 | 2-for-1 | Forward |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$4.77B2019-10-31 → 2025-11-01
EPS$0.852019-10-31 → 2025-11-01
Free Cash Flow$665M2019-10-31 → 2025-11-01
Net margin10.2%2019-10-31 → 2025-11-01
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | CIEN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 104.95Y avg ≈84.6 | ≈84.6 | 34.0 | Overvalued | |
| P/S | 13.15Y avg ≈2.7 | ≈2.7 | 8.5 | Undervalued | |
| P/B | 22.95Y avg ≈4.1 | ≈4.1 | 10.9 | Pricier | |
| EV / EBITDA | 317.95Y avg ≈51.6 | ≈51.6 | 28.5 | Overvalued | |
| Price / FCF | 94.05Y avg ≈30.1 | ≈30.1 | · | · | |
| Price / Cash Flow | 77.65Y avg ≈11.8 | ≈11.8 | 32.5 | Fair value | |
| EV / Revenue | 13.25Y avg ≈2.7 | ≈2.7 | · | · | |
| EV / FCF | 94.45Y avg ≈31.4 | ≈31.4 | · | · | |
| Price / Tangible Book | 31.55Y avg ≈5.3 | ≈5.3 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | CIEN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 43.4%5Y avg ≈43.6% | ≈43.6% | 46.2% | Weak | |
| Operating Margin (TTM) | 11.4%5Y avg ≈7.2% | ≈7.2% | 21.1% | In line | |
| EBITDA Margin | 4.1%5Y avg ≈7.2% | ≈7.2% | 21.3% | Below avg | |
| Pretax Margin (TTM) | 11.1%5Y avg ≈6.3% | ≈6.3% | 23.7% | Weak | |
| Net Profit Margin (TTM) | 10.2%5Y avg ≈5.7% | ≈5.7% | 16.9% | In line | |
| ROA | 2.1%5Y avg ≈4.5% | ≈4.5% | 6.3% | Below avg | |
| ROE | 4.5%5Y avg ≈7.7% | ≈7.7% | 12.3% | Below avg | |
| ROIC | 3.6%5Y avg ≈6.4% | ≈6.4% | 17.4% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | CIEN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.65Y avg ≈0.5 | ≈0.5 | 0.1 | High debt | |
| Current Ratio | 2.75Y avg ≈3.4 | ≈3.4 | 2.2 | Strong liquidity | |
| Quick Ratio | 1.75Y avg ≈2.2 | ≈2.2 | 1.2 | Strong liquidity | |
| Long-Term Debt / Equity | 0.65Y avg ≈0.5 | ≈0.5 | 0.2 | High debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | CIEN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 18.8%5Y avg ≈6.8% | ≈6.8% | · | · | |
| Revenue CAGR 3Y | 9.5%5Y avg ≈6.8% | ≈6.8% | · | · | |
| Revenue CAGR 5Y | 6.2% | · | · | · | |
| EPS YoY | 46.6%5Y avg ≈4.1% | ≈4.1% | · | · | |
| Net Income YoY | 46.9%5Y avg ≈3.1% | ≈3.1% | · | · | |
| EPS CAGR 3Y | -5.3%5Y avg ≈-19.4% | ≈-19.4% | · | · | |
| EPS CAGR 5Y | -18.2% | · | · | · | |
| Net Income CAGR 3Y | -6.9%5Y avg ≈-20.9% | ≈-20.9% | · | · | |
| Net Income CAGR 5Y | -19.3% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | CIEN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.85Y avg ≈0.8 | ≈0.8 | 0.5 | Top tier | |
| Inventory Turnover | 3.45Y avg ≈3.3 | ≈3.3 | 2.9 | Top tier | |
| Receivables Turnover | 5.15Y avg ≈4.5 | ≈4.5 | 5.9 | Weak | |
| Revenue / Employee | ≈$536.0K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
10.4%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| Sept. 30, 2026 | Sep 3, 2026 | $2.11 | $1.76 | 19.6% |
| June 30, 2026 | Jun 4, 2026 | $1.64 | $1.49 | 10.1% |
| March 31, 2026 | $1.35 | $1.19 | 13.1% | |
| Dec. 31, 2025 | $0.91 | $0.79 | 15.6% | |
| Sept. 30, 2025 | $0.67 | $0.54 | 24.8% | |
| June 30, 2025 | $0.42 | $0.53 | -20.7% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.77B | $4.01B | $4.39B | $3.63B | $3.62B | $3.53B | $3.57B | $3.09B | $2.80B | $2.60B | |
| Cost of Revenue | $2.76B | $2.30B | $2.51B | $2.07B | $1.90B | $1.88B | $2.03B | $1.78B | $1.56B | $1.44B | |
| Gross Profit | $2.00B | $1.72B | $1.88B | $1.56B | $1.72B | $1.65B | $1.54B | $1.31B | $1.25B | $1.16B | |
| R&D Expense | $848M | $767M | $751M | $625M | $537M | $530M | $548M | $492M | $475M | $452M | |
| SG&A Expense | $239M | $221M | $215M | $179M | $182M | $170M | $174M | $160M | $143M | $133M | |
| Operating Expenses | $1.81B | $1.55B | $1.52B | $1.34B | $1.23B | $1.17B | $1.20B | $1.08B | $1.03B | $1.01B | |
| Operating Income | $198M | $167M | $358M | $223M | $495M | $487M | $347M | $230M | $215M | $156M | |
| Interest Expense | · | · | $88M | $47M | $31M | $31M | $37M | $55M | $56M | $57M | |
| Other Non-op | $-2M | $-2M | $-5M | $-6M | $-533.0K | $-1M | $-737.0K | $-1M | $-92.0K | $858.0K | |
| Pretax Income | $156M | $120M | $324M | $183M | $463M | $456M | $313M | $149M | $156M | $87M | |
| Income Tax | $33M | $36M | $69M | $30M | $-37M | $95M | $60M | $493M | $-1.11B | $14M | |
| Net Income | $123M | $84M | $255M | $153M | $500M | $361M | $253M | $-345M | $1.26B | $73M | |
| EPS (Basic) | $0.87 | $0.58 | $1.71 | $1.01 | $3.22 | $2.34 | $1.63 | $-2.40 | $8.89 | $0.52 | |
| EPS (Diluted) | $0.85 | $0.58 | $1.71 | $1.00 | $3.19 | $2.32 | $1.61 | $-2.49 | $7.53 | $0.51 | |
| Shares (Basic) | 142,221,000 | 144,715,000 | 148,971,000 | 151,208,000 | 155,279,000 | 154,287,000 | 155,720,000 | 143,738,000 | 141,997,000 | 138,312,000 | |
| Shares (Diluted) | 145,248,000 | 145,964,000 | 149,380,000 | 152,193,000 | 156,743,000 | 155,955,000 | 157,612,000 | 143,738,000 | 169,919,000 | 150,704,000 | |
| EBITDA | $198M | $167M | $358M | $223M | $495M | $487M | · | · | $215M | $156M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.09B | $935M | $1.01B | $994M | $1.42B | $1.09B | $904M | · | $641M | $778M | |
| Short-term Investments | $216M | $316M | $105M | $154M | $181M | $151M | $110M | · | $279M | $275M | |
| Receivables | $976M | $909M | $1.00B | $921M | $885M | $719M | $725M | · | $622M | $576M | |
| Inventory | $826M | $820M | $1.05B | $947M | $374M | $344M | $345M | · | $267M | $211M | |
| Prepaid Expense | $455M | $564M | $406M | $370M | $326M | $308M | $298M | · | $197M | $173M | |
| Current Assets | $3.57B | $3.54B | $3.58B | $3.39B | $3.19B | $2.61B | $2.38B | · | $2.01B | $2.01B | |
| PP&E (Net) | $387M | · | · | · | · | · | $287M | · | $308M | $288M | |
| PP&E (Gross) | $1.05B | · | · | · | · | · | $710M | · | $651M | $591M | |
| Accum. Depreciation | $664M | · | · | · | · | · | $424M | · | $342M | $303M | |
| Goodwill | $521M | $445M | $445M | $328M | $312M | $311M | $298M | · | $267M | $267M | |
| Intangibles | $224M | $165M | $206M | $70M | $65M | $97M | $113M | · | $101M | $147M | |
| Other Non-current Assets | $186M | $155M | $116M | $114M | $100M | $103M | $89M | · | $64M | $67M | |
| Total Assets | $5.86B | $5.64B | $5.60B | $5.07B | $4.87B | $4.18B | $3.89B | · | $3.95B | $2.87B | |
| Accounts Payable | $543M | $423M | $318M | $516M | $356M | $292M | $345M | · | $260M | $236M | |
| Accrued Liabilities | $531M | $394M | $431M | $361M | $409M | $334M | $383M | · | $323M | $310M | |
| Current Liabilities | $1.31B | $1000M | $932M | $1.04B | $909M | $761M | $846M | · | $1.04B | $892M | |
| Capital Leases | $33M | $25M | $33M | $42M | $42M | $61M | $65M | · | $73M | $24M | |
| Deferred Tax | · | · | · | · | · | · | · | · | $15M | $14M | |
| Other Non-current Liabilities | $175M | $186M | $170M | $150M | $167M | $123M | $149M | · | $111M | $124M | |
| Total Liabilities | $3.14B | $2.83B | $2.75B | $2.36B | $1.85B | $1.67B | $1.72B | · | $1.82B | $2.11B | |
| Long-term Debt | $1.54B | $1.54B | $1.56B | $1.07B | $677M | $683M | $687M | · | $393M | $486M | |
| Total Debt | $1.54B | $1.54B | $1.56B | $1.07B | $677M | $683M | · | · | $584M | $1.03B | |
| Common Stock | $1M | $1M | $1M | $1M | $2M | $2M | $2M | · | $1M | $1M | |
| Retained Earnings | $-3.17B | $-3.29B | $-3.38B | $-3.63B | $-3.79B | $-4.28B | $-4.64B | · | $-4.66B | $-5.93B | |
| AOCI | $-55M | $-47M | $-38M | $-47M | $439.0K | $-35M | $-22M | · | $-11M | $-24M | |
| Stockholders' Equity | $2.73B | $2.82B | $2.85B | $2.71B | $3.02B | $2.51B | $2.17B | $1.93B | $2.14B | $766M | |
| Liabilities + Equity | $5.86B | $5.64B | $5.60B | $5.07B | $4.87B | $4.18B | $3.89B | · | $3.95B | $2.87B | |
| Shares Outstanding | 141,016,300 | 142,656,116 | 144,829,938 | 148,412,943 | 154,858,981 | 154,563,005 | 154,403,850 | · | 143,043,227 | 139,767,627 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $185M | $156M | $130M | $105M | $84M | $68M | $60M | $53M | $48M | $52M | |
| Deferred Tax | $-23M | $-77M | $-15M | $-28M | $-156M | $64M | $20M | $464M | $-1.13B | $-1M | |
| Amort. of Intangibles | $26M | $30M | $37M | $33M | $24M | $23M | $22M | $16M | $33M | $62M | |
| Restructuring | $112M | $25M | $24M | $30M | $30M | $23M | $25M | $19M | $11M | $5M | |
| Operating Cash Flow | $806M | $515M | $168M | $-168M | $542M | $494M | $413M | $229M | $235M | $290M | |
| CapEx | $141M | $137M | $106M | $91M | $80M | $83M | $63M | $68M | $95M | $107M | |
| Investing Cash Flow | $-241M | $-306M | $-383M | $-101M | $-91M | $-220M | $24M | $-19M | $-61M | $-296M | |
| Debt Issued | · | · | · | $400M | $0 | $0 | $0 | $305M | $0 | $249M | |
| Net Debt Issued | $-12M | $-12M | $-9M | $395M | $-7M | $-5M | · | · | · | · | |
| Stock Issued | $36M | $34M | $31M | $30M | $28M | $28M | $23M | $23M | $20M | $23M | |
| Stock Repurchased | $335M | $255M | $242M | $501M | $91M | $75M | $150M | $111M | $0 | $0 | |
| Net Stock Activity | $-299M | $-220M | $-211M | $-470M | $-63M | $-46M | · | · | $20M | $23M | |
| Financing Cash Flow | $-406M | $-285M | $229M | $-133M | $-117M | $-87M | $-279M | $-99M | $-311M | $-4M | |
| Net Change in Cash | $157M | $-76M | $16M | $-428M | $334M | $185M | $159M | $105M | $-137M | $-13M | |
| Taxes Paid | $114M | $55M | $78M | $35M | $73M | $53M | $34M | $27M | $22M | $15M | |
| Free Cash Flow | $665M | $378M | $62M | $-259M | $462M | $411M | · | · | $140M | $182M | |
| Levered FCF | · | · | $-7M | $-298M | $429M | $386M | · | · | $-311M | $135M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.0% | 42.8% | 42.8% | 43.0% | 47.6% | 46.8% | · | · | 44.5% | 44.7% | |
| Operating Margin | 4.1% | 4.2% | 8.2% | 6.1% | 13.7% | 13.8% | · | · | 7.7% | 6.0% | |
| Net Margin | 2.6% | 2.1% | 5.8% | 4.2% | 13.8% | 10.2% | · | · | 45.0% | 2.8% | |
| Pretax Margin | 3.3% | 3.0% | 7.4% | 5.0% | 12.8% | 12.9% | · | · | 5.6% | 3.3% | |
| EBITDA Margin | 4.1% | 4.2% | 8.2% | 6.1% | 13.7% | 13.8% | · | · | 7.7% | 6.0% | |
| ROA | 2.1% | 1.5% | 4.8% | 3.1% | 11.1% | 8.9% | · | · | 37.0% | 2.6% | |
| ROE | 4.5% | 2.9% | 8.8% | 5.7% | 16.8% | 14.6% | · | · | 87.0% | 10.5% | |
| ROIC | 3.6% | 2.7% | 6.4% | 4.9% | 14.5% | 12.1% | · | · | 63.8% | 7.3% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.7 | 3.5 | 3.8 | 3.3 | 3.5 | 3.4 | · | · | 1.9 | 2.3 | |
| Quick Ratio | 1.7 | 2.2 | 2.3 | 2.0 | 2.7 | 2.6 | · | · | 1.5 | 1.8 | |
| Debt / Equity | 0.6 | 0.5 | 0.5 | 0.4 | 0.2 | 0.3 | · | · | 0.3 | 1.3 | |
| LT Debt / Equity | 0.6 | 0.5 | 0.5 | 0.4 | 0.2 | 0.3 | · | · | 0.3 | 1.3 | |
| Interest Coverage | · | · | 4.1 | 4.7 | 16.1 | 15.5 | · | · | 3.8 | 2.8 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.8 | 0.7 | 0.8 | 0.7 | 0.8 | 0.9 | · | · | 0.8 | 0.9 | |
| Inventory Turnover | 3.4 | 2.5 | 2.5 | 3.1 | 5.3 | 5.5 | · | · | 6.5 | 7.2 | |
| Receivables Turnover | 5.1 | 4.2 | 4.6 | 4.0 | 4.5 | 4.9 | · | · | 4.7 | 4.6 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $19.35 | $19.74 | $19.67 | $18.28 | $19.50 | $16.24 | · | · | $14.93 | $5.48 | |
| Revenue / Share | $32.84 | $27.51 | $29.36 | $23.87 | $23.10 | $22.65 | · | · | $16.49 | $17.26 | |
| Cash Flow / Share | $5.55 | $3.53 | $1.13 | $-1.10 | $3.46 | $3.17 | · | · | $1.38 | $1.92 | |
| Cash / Share | $7.74 | $6.55 | $6.98 | $6.70 | $9.19 | $7.04 | · | · | $4.48 | $5.56 | |
| EPS (TTM) | $0.85 | $0.58 | $1.71 | $1.00 | $3.19 | $2.32 | · | · | $7.53 | $0.51 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 18.8% | -8.5% | 20.8% | 0.33% | 2.5% | · | · | · | · | · | |
| Revenue CAGR 3Y | 9.5% | 3.5% | 7.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 6.2% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 46.6% | -66.1% | 71.0% | -68.7% | 37.5% | · | · | · | · | · | |
| EPS CAGR 3Y | -5.3% | -43.4% | -9.7% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -18.2% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 46.9% | -67.0% | 66.7% | -69.4% | 38.5% | · | · | · | · | · | |
| Net Income CAGR 3Y | -6.9% | -44.8% | -11.0% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -19.3% | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.77B | $4.01B | $4.39B | $3.63B | $3.62B | $3.53B | · | · | $2.80B | $2.60B | |
| Net Income TTM | $123M | $84M | $255M | $153M | $500M | $361M | · | · | $1.26B | $73M | |
| Market Cap | $26.78B | $9.13B | $5.94B | $7.16B | $8.41B | $6.09B | · | · | $3.04B | $2.71B | |
| Enterprise Value | $27.01B | $9.42B | $6.38B | $7.08B | $7.48B | $5.53B | · | · | $2.71B | $2.68B | |
| P/E | 223.4 | 110.3 | 24.0 | 48.2 | 17.0 | 17.0 | · | · | 2.8 | 38.0 | |
| P/S | 5.6 | 2.3 | 1.4 | 2.0 | 2.3 | 1.7 | · | · | 1.1 | 1.0 | |
| P/B | 9.8 | 3.2 | 2.1 | 2.6 | 2.8 | 2.4 | · | · | 1.4 | 3.5 | |
| P / Tangible Book | 13.5 | 4.1 | 2.7 | 3.1 | 3.2 | 2.9 | · | · | · | · | |
| P / Cash Flow | 33.2 | 17.7 | 35.3 | -42.7 | 15.5 | 12.3 | · | · | 13.0 | 9.4 | |
| P / FCF | 40.3 | 24.1 | 95.6 | -27.7 | 18.2 | 14.8 | · | · | 21.7 | 14.9 | |
| EV / EBITDA | 136.7 | 56.5 | 17.8 | 31.8 | 15.1 | 11.4 | · | · | 12.6 | 17.2 | |
| EV / FCF | 40.6 | 24.9 | 102.7 | -27.4 | 16.2 | 13.5 | · | · | 19.3 | 14.7 | |
| EV / Revenue | 5.7 | 2.3 | 1.5 | 1.9 | 2.1 | 1.6 | · | · | 1.0 | 1.0 | |
| Earnings Yield | 0.45% | 0.91% | 4.2% | 2.1% | 5.9% | 5.9% | · | · | 35.4% | 2.6% |
Income Statement
| Metric | Trend | Q4 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.67B | $1.57B | $1.43B | $1.41B | $1.22B | $1.13B | $1.07B | $1.12B | $942M | $911M | $1.04B | $1.13B | $1.07B | $1.13B | $1.06B | $971M | |
| Cost of Revenue | $912M | $879M | $802M | $847M | $716M | $673M | $600M | $664M | $538M | $522M | $571M | $643M | $619M | $645M | $601M | $537M | |
| Gross Profit | $759M | $692M | $626M | $558M | $503M | $453M | $472M | $460M | $404M | $389M | $467M | $486M | $449M | $488M | $456M | $434M | |
| R&D Expense | $237M | $238M | $221M | $251M | $212M | $215M | $193M | $196M | $189M | $195M | $187M | $189M | $189M | $190M | $182M | $167M | |
| SG&A Expense | $63M | $61M | $59M | $70M | $61M | $57M | $54M | $58M | $58M | $50M | $55M | $64M | $49M | $51M | $51M | $48M | |
| Operating Expenses | $458M | $454M | $436M | $596M | $430M | $420M | $391M | $401M | $377M | $393M | $382M | $395M | $371M | $385M | $371M | $356M | |
| Operating Income | $301M | $238M | $189M | $-37M | $74M | $33M | $81M | $59M | $27M | $-4M | $85M | $91M | $78M | $103M | $85M | $77M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $24M | $24M | · | $24M | $24M | $16M | · | |
| Other Non-op | $1M | $-1M | $2M | $-1M | $-31.0K | $-2M | $-499.0K | $-433.0K | $-771.0K | $-2M | $2M | $-5M | $-209.0K | $-2M | $2M | $-2M | |
| Pretax Income | $311M | $231M | $181M | $-47M | $66M | $19M | $69M | $48M | $16M | $-16M | $72M | $71M | $64M | $87M | $101M | $65M | |
| Income Tax | $44M | $13M | $31M | $-31M | $16M | $10M | $24M | $11M | $2M | $820.0K | $22M | $-21M | $35M | $30M | $25M | $8M | |
| Net Income | $266M | $218M | $150M | $-16M | $50M | $9M | $45M | $37M | $14M | $-17M | $50M | $91M | $30M | $58M | $76M | $58M | |
| EPS (Basic) | $1.88 | $1.54 | $1.06 | $-0.10 | $0.35 | $0.06 | $0.31 | $0.26 | $0.10 | $-0.12 | $0.34 | $0.61 | $0.20 | $0.39 | $0.51 | $0.38 | |
| EPS (Diluted) | $1.83 | $1.49 | $1.03 | $-0.12 | $0.35 | $0.06 | $0.31 | $0.26 | $0.10 | $-0.12 | $0.34 | $0.62 | $0.20 | $0.38 | $0.51 | $0.39 | |
| Shares (Basic) | 142,061,000 | 141,949,000 | 141,676,000 | · | 141,846,000 | 142,503,000 | 142,880,000 | · | 144,394,000 | 144,914,000 | 145,291,000 | · | 149,690,000 | 149,616,000 | 149,081,000 | · | |
| Shares (Diluted) | 145,967,000 | 146,314,000 | 145,799,000 | · | 144,499,000 | 144,972,000 | 145,944,000 | · | 145,361,000 | 144,914,000 | 145,848,000 | · | 149,977,000 | 150,147,000 | 149,551,000 | · | |
| EBITDA | $301M | $238M | $189M | · | $74M | $33M | $81M | · | $27M | $-4M | $85M | · | $78M | $103M | $85M | · |
Balance Sheet
| Metric | Trend | Q4 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.45B | $1.05B | $1.12B | $1.09B | $1.06B | $950M | $875M | $935M | $883M | $1.09B | $1.26B | · | $1.12B | $1.17B | $1.05B | · | |
| Short-term Investments | $184M | $158M | $176M | $216M | $270M | $304M | $337M | $316M | $218M | $166M | $107M | · | $142M | $150M | $100M | · | |
| Receivables | $1.23B | $1.05B | $967M | $976M | $1.03B | $930M | $939M | $909M | $900M | $840M | $865M | · | $997M | $1.04B | $1.05B | · | |
| Inventory | $872M | $808M | $846M | $826M | $860M | $874M | $845M | $820M | $937M | $1.02B | $985M | · | $1.19B | $1.10B | $1.18B | · | |
| Prepaid Expense | $527M | $504M | $428M | $455M | $474M | $506M | $496M | $564M | $600M | $422M | $387M | · | $362M | $416M | $375M | · | |
| Current Assets | $5.26B | $3.57B | $3.54B | $3.57B | $3.69B | $3.56B | $3.49B | $3.54B | $3.54B | $3.54B | $3.61B | · | $3.81B | $3.87B | $3.76B | · | |
| PP&E (Net) | $492M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| PP&E (Gross) | $1.23B | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | $740M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Goodwill | $513M | $520M | $522M | $521M | $445M | $445M | $444M | $445M | $445M | $445M | $445M | · | $447M | $446M | $447M | · | |
| Intangibles | $189M | $202M | $213M | $224M | $139M | $147M | $156M | $165M | $175M | $185M | $196M | · | $219M | $231M | $245M | · | |
| Other Non-current Assets | $189M | $191M | $191M | $186M | $154M | $159M | $162M | $155M | $146M | $151M | $110M | · | $105M | $90M | $91M | · | |
| Total Assets | $8.00B | $6.04B | $5.89B | $5.86B | $5.75B | $5.66B | $5.57B | $5.64B | $5.58B | $5.61B | $5.59B | · | $5.72B | $5.78B | $5.67B | · | |
| Accounts Payable | $654M | $607M | $547M | $543M | $465M | $419M | $396M | $423M | $317M | $332M | $316M | · | $393M | $445M | $478M | · | |
| Accrued Liabilities | $508M | $440M | $396M | $531M | $436M | $381M | $362M | $394M | $347M | $355M | $330M | · | $356M | $381M | $344M | · | |
| Current Liabilities | $1.39B | $1.31B | $1.26B | $1.31B | $1.12B | $1.05B | $957M | $1000M | $871M | $912M | $841M | · | $966M | $1.06B | $1.02B | · | |
| Capital Leases | $39M | $32M | $34M | $33M | $34M | $35M | $23M | $25M | $27M | $29M | $32M | · | $38M | $40M | $45M | · | |
| Other Non-current Liabilities | $186M | $185M | $182M | $175M | $196M | $189M | $186M | $186M | $171M | $173M | $176M | · | $157M | $155M | $157M | · | |
| Total Liabilities | $4.94B | $3.15B | $3.10B | $3.14B | $2.96B | $2.88B | $2.78B | $2.83B | $2.68B | $2.73B | $2.67B | · | $2.78B | $2.87B | $2.83B | · | |
| Long-term Debt | $3.23B | $1.53B | $1.54B | $1.54B | $1.54B | $1.54B | $1.54B | $1.54B | $1.55B | $1.55B | $1.55B | · | $1.56B | $1.56B | $1.56B | · | |
| Total Debt | · | · | $1.54B | · | $1.54B | $1.54B | $1.54B | · | $1.55B | $1.55B | $1.55B | · | $1.56B | $1.56B | $1.56B | · | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | |
| Retained Earnings | $-2.54B | $-2.80B | $-3.02B | $-3.17B | $-3.19B | $-3.24B | $-3.25B | $-3.29B | $-3.33B | $-3.34B | $-3.33B | · | $-3.47B | $-3.50B | $-3.56B | · | |
| Treasury Stock | $665M | $493M | $410M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| AOCI | $-65M | $-40M | $-39M | $-55M | $-45M | $-40M | $-67M | $-47M | $-40M | $-22M | $-25M | · | $-12M | $-40M | $-29M | · | |
| Stockholders' Equity | $3.06B | $2.89B | $2.79B | $2.73B | $2.79B | $2.78B | $2.79B | $2.82B | $2.89B | $2.88B | $2.92B | $2.85B | $2.95B | $2.91B | $2.84B | $2.71B | |
| Liabilities + Equity | $8.00B | $6.04B | $5.89B | $5.86B | $5.75B | $5.66B | $5.57B | $5.64B | $5.58B | $5.61B | $5.59B | · | $5.72B | $5.78B | $5.67B | · | |
| Shares Outstanding | 141,897,511 | 141,597,550 | 141,452,656 | 141,016,300 | 141,342,527 | 141,686,082 | 142,528,510 | 142,656,116 | 144,426,873 | 144,199,201 | 144,946,510 | · | 148,772,513 | 149,498,465 | 149,157,588 | · |
Cash Flow
| Metric | Trend | Q4 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $58M | $55M | $50M | $56M | $47M | $48M | $41M | $41M | $37M | $40M | $38M | $35M | $33M | $32M | $31M | $27M | |
| Amort. of Intangibles | $4M | $4M | $5M | $6M | $7M | $7M | $7M | $7M | $7M | $8M | $7M | $11M | $9M | $10M | $7M | $6M | |
| Restructuring | $887.0K | $805.0K | $1M | $107M | $2M | · | $2M | $3M | $1M | $16M | $5M | $7M | $4M | $8M | $4M | $14M | |
| Operating Cash Flow | $196M | $260M | $228M | $371M | $174M | · | $104M | $349M | $-159M | $58M | $266M | $195M | $9M | $230M | $-266M | $-15M | |
| CapEx | $80M | $41M | $74M | $45M | $40M | · | $27M | $84M | $20M | $17M | $17M | $23M | $25M | $28M | $30M | $24M | |
| Investing Cash Flow | $-117M | $-154M | $-44M | $-214M | $20M | · | $-67M | $-149M | $-19M | $-157M | $18M | $-98M | $-8M | $-101M | $-176M | $186M | |
| Net Debt Issued | · | · | $0 | · | · | · | $-3M | · | · | · | $0 | · | · | · | $-2M | · | |
| Stock Issued | $21M | $0 | $17M | $2.0K | $19M | · | $17M | $-1.0K | $17M | $-58.0K | $17M | $81.0K | $17M | $341.0K | $14M | $124.0K | |
| Stock Repurchased | $173M | $84M | $81M | $84M | $82M | · | $81M | $129M | $31M | $57M | $38M | $184M | $58M | $0 | $0 | $13M | |
| Net Stock Activity | · | · | $-63M | · | · | · | $-64M | · | · | · | $-21M | · | · | · | $14M | · | |
| Financing Cash Flow | $1.32B | $-181M | $-155M | $-120M | $-85M | · | $-93M | $-149M | $-29M | $-73M | $-35M | $-197M | $-53M | $-13M | $492M | $-23M | |
| Net Change in Cash | $1.40B | $-78M | $31M | $36M | $106M | · | $-60M | $51M | $-208M | $-173M | $254M | $-107M | $-50M | $113M | $60M | $135M | |
| Taxes Paid | $36M | $38M | $11M | $29M | $29M | · | $10M | $13M | $13M | $21M | $8M | $10M | $44M | $16M | $8M | $6M | |
| Free Cash Flow | · | · | $154M | · | · | · | $77M | · | · | · | $249M | · | · | · | $-296M | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | $233M | · | · | · | $-308M | · |
Profitability
| Metric | Trend | Q4 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.4% | 44.0% | 43.8% | · | 41.3% | 40.2% | 44.0% | · | 42.9% | 42.7% | 45.0% | · | 42.0% | 43.1% | 43.2% | · | |
| Operating Margin | 18.0% | 15.1% | 13.3% | · | 6.0% | 2.9% | 7.5% | · | 2.8% | -0.44% | 8.2% | · | 7.3% | 9.1% | 8.1% | · | |
| Net Margin | 15.9% | 13.9% | 10.5% | · | 4.1% | 0.80% | 4.2% | · | 1.5% | -1.8% | 4.8% | · | 2.8% | 5.1% | 7.2% | · | |
| Pretax Margin | 18.6% | 14.7% | 12.7% | · | 5.4% | 1.7% | 6.4% | · | 1.7% | -1.8% | 6.9% | · | 6.0% | 7.7% | 9.6% | · | |
| EBITDA Margin | 18.0% | 15.1% | 13.3% | · | 6.0% | 2.9% | 7.5% | · | 2.8% | -0.44% | 8.2% | · | 7.3% | 9.1% | 8.1% | · | |
| ROA | · | · | 2.6% | · | 0.89% | 0.16% | 0.80% | · | 0.25% | -0.30% | 0.88% | · | 0.56% | 1.1% | 1.4% | · | |
| ROE | · | · | 5.4% | · | 1.8% | 0.32% | 1.6% | · | 0.49% | -0.58% | 1.7% | · | 1.1% | 2.0% | 2.7% | · | |
| ROIC | · | · | 3.6% | · | 1.3% | 0.36% | 1.2% | · | 0.52% | -0.09% | 1.3% | · | 0.80% | 1.5% | 1.5% | · |
Liquidity & Solvency
| Metric | Trend | Q4 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | · | 2.8 | · | 3.3 | 3.4 | 3.7 | · | 4.1 | 3.9 | 4.3 | · | 3.9 | 3.7 | 3.7 | · | |
| Quick Ratio | · | · | 1.8 | · | 2.1 | 2.1 | 2.2 | · | 2.3 | 2.3 | 2.7 | · | 2.3 | 2.2 | 2.2 | · | |
| Debt / Equity | · | · | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | |
| LT Debt / Equity | · | · | 0.5 | · | 0.5 | 0.6 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -0.2 | 3.6 | · | 3.3 | 4.3 | 5.4 | · |
Efficiency
| Metric | Trend | Q4 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | |
| Inventory Turnover | · | · | 0.9 | · | 0.8 | 0.7 | 0.7 | · | 0.5 | 0.5 | 0.5 | · | 0.6 | 0.8 | 0.7 | · | |
| Receivables Turnover | · | · | 1.5 | · | 1.3 | 1.3 | 1.2 | · | 1.0 | 1.0 | 1.1 | · | 1.2 | 1.3 | 1.1 | · |
Per Share
| Metric | Trend | Q4 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | · | $19.74 | · | $19.72 | $19.60 | $19.60 | · | $20.02 | $19.97 | $20.17 | · | $19.81 | $19.46 | $19.03 | · | |
| Revenue / Share | $11.45 | $10.74 | $9.79 | · | $8.44 | $7.77 | $7.35 | · | $6.48 | $6.29 | $7.12 | · | $7.12 | $7.54 | $7.06 | · | |
| Cash Flow / Share | · | · | $1.56 | · | · | · | $0.71 | · | · | · | $1.82 | · | · | · | $-1.78 | · | |
| Cash / Share | · | · | $7.94 | · | $7.47 | $6.70 | $6.14 | · | $6.12 | $7.57 | $8.73 | · | $7.51 | $7.81 | $7.07 | · | |
| EPS (TTM) | · | · | $1.32 | · | · | · | · | · | $0.94 | $1.04 | $1.54 | · | $1.48 | $1.35 | $1.22 | · |
Valuation (TTM)
| Metric | Trend | Q4 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | · | $5.18B | · | · | · | · | · | $4.02B | $4.15B | $4.37B | · | $4.23B | $4.03B | $3.84B | · | |
| Net Income TTM | · | · | $193M | · | · | · | · | · | $138M | $154M | $228M | · | $221M | $202M | $183M | · | |
| Market Cap | · | · | $35.62B | · | $12.53B | $10.32B | $12.42B | · | $7.24B | $6.72B | $7.45B | · | $6.19B | $6.88B | $7.61B | · | |
| Enterprise Value | · | · | $35.86B | · | $12.74B | $10.61B | $12.75B | · | $7.69B | $7.02B | $7.64B | · | $6.48B | $7.12B | $8.02B | · | |
| P/E | · | · | 190.8 | · | · | · | · | · | 53.4 | 44.8 | 33.4 | · | 28.1 | 34.1 | 41.8 | · | |
| P/S | · | · | 6.9 | · | · | · | · | · | 1.8 | 1.6 | 1.7 | · | 1.5 | 1.7 | 2.0 | · | |
| P/B | · | · | 12.8 | · | 4.5 | 3.7 | 4.4 | · | 2.5 | 2.3 | 2.5 | · | 2.1 | 2.4 | 2.7 | · | |
| P / Tangible Book | · | · | 17.3 | · | 5.7 | 4.7 | 5.7 | · | 3.2 | 3.0 | 3.3 | · | 2.7 | 3.1 | 3.5 | · | |
| P / Cash Flow | · | · | 156.5 | · | · | · | 119.7 | · | · | · | 28.0 | · | · | · | -28.7 | · | |
| EV / Revenue | · | · | 6.9 | · | · | · | · | · | 1.9 | 1.7 | 1.7 | · | 1.5 | 1.8 | 2.1 | · | |
| Earnings Yield | · | · | 0.52% | · | · | · | · | · | 1.9% | 2.2% | 3.0% | · | 3.6% | 2.9% | 2.4% | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-11-01 | 2024-11-02 | 2023-10-28 | 2022-10-29 | 2021-10-30 |
|---|---|---|---|---|---|
| Revenue | $4.77B | $4.01B | $4.39B | $3.63B | $3.62B |
| Gross Margin % | 42.0% | 42.8% | 42.8% | 43.0% | 47.6% |
| Operating Margin % | 4.1% | 4.2% | 8.2% | 6.1% | 13.7% |
| Net Income | $123M | $84M | $255M | $153M | $500M |
| Diluted EPS | $0.85 | $0.58 | $1.71 | $1.00 | $3.19 |
| Metric | 2025-11-01 | 2024-11-02 | 2023-10-28 | 2022-10-29 | 2021-10-30 |
|---|---|---|---|---|---|
| Debt / Equity | 0.6 | 0.5 | 0.5 | 0.4 | 0.2 |
| Current Ratio | 2.7 | 3.5 | 3.8 | 3.3 | 3.5 |
| Quick Ratio | 1.7 | 2.2 | 2.3 | 2.0 | 2.7 |
| Metric | 2025-11-01 | 2024-11-02 | 2023-10-28 | 2022-10-29 | 2021-10-30 |
|---|---|---|---|---|---|
| Free Cash Flow | $665M | $378M | $62M | $-259M | $462M |
Institutional owners (13F) 1,309 filers · $68.1B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
1,309
Value held
$68.1B
New positions
273
Exited positions
104
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 273 (-76 vs prior Q) | 104 (+29 vs prior Q) | 475 (+162 vs prior Q) | 392 (+22 vs prior Q) | +1.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| FMR LLC | $9,376,337,063 | 19,113,538 | 13.76% | Shares |
| BlackRock, Inc. | $6,239,184,546 | 12,718,494 | 9.16% | Shares |
| JPMORGAN CHASE & CO | $5,366,990,193 | 11,206,209 | 7.88% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $4,529,734,400 | 9,233,803 | 6.65% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,767,827,023 | 7,680,665 | 5.53% | Shares |
| VANGUARD GROUP INC | $3,362,250,530 | 14,376,579 | 4.93% | Shares |
| STATE STREET CORP | $3,277,224,344 | 6,680,578 | 4.81% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,647,554,136 | 3,370,462 | 2.42% | Shares |
| AMERICAN CENTURY COMPANIES INC | $908,413,121 | 1,851,788 | 1.33% | Shares |
| BANK OF AMERICA CORP /DE/ | $877,406,821 | 1,788,582 | 1.29% | Shares |
| Capital World Investors | $861,228,117 | 1,755,602 | 1.26% | Shares |
| Invesco Ltd. | $848,771,817 | 1,730,210 | 1.25% | Shares |
| NORGES BANK | $835,499,717 | 1,703,155 | 1.23% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $822,683,346 | 1,677,029 | 1.21% | Shares |
| MORGAN STANLEY | $801,884,888 | 1,634,630 | 1.18% | Shares |
| Nuveen, LLC | $682,579,411 | 1,391,429 | 1.00% | Shares |
| JANE STREET GROUP, LLC | $672,312,480 | 1,370,500 | 0.99% | Put option |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $612,706,987 | 1,248,995 | 0.90% | Shares |
| NORTHERN TRUST CORP | $597,472,157 | 1,217,939 | 0.88% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $565,627,151 | 1,153,229 | 0.83% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $542,098,074 | 1,105,383 | 0.80% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $507,237,989 | 1,052,165 | 0.74% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $483,348,768 | 985,300 | 0.71% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $467,847,072 | 953,700 | 0.69% | Put option |
| GOLDMAN SACHS GROUP INC | $464,369,116 | 946,611 | 0.68% | Shares |
| Legal & General Group Plc | $435,153,206 | 887,054 | 0.64% | Shares |
| Bank of New York Mellon Corp | $404,947,550 | 825,480 | 0.59% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $398,503,963 | 812,345 | 0.58% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $358,900,564 | 731,614 | 0.53% | Shares |
| Atreides Management, LP | $337,760,862 | 688,521 | 0.50% | Shares |
| JANE STREET GROUP, LLC | $331,569,504 | 675,900 | 0.49% | Call option |
| Amundi | $331,179,542 | 675,105 | 0.49% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $330,745,560 | 851,932 | 0.49% | Shares |
| Capital Research Global Investors | $322,078,753 | 656,554 | 0.47% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $314,433,540 | 641,020 | 0.46% | Shares |
| CITADEL ADVISORS LLC | $311,456,544 | 634,900 | 0.46% | Call option |
| DEUTSCHE BANK AG\ | $282,092,114 | 575,041 | 0.41% | Shares |
| Jericho Capital Asset Management L.P. | $275,455,817 | 561,513 | 0.40% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $245,280,000 | 5,000 | 0.36% | Call option |
| WELLS FARGO & COMPANY/MN | $245,280,000 | 500,000 | 0.36% | Call option |
| CITADEL ADVISORS LLC | $235,272,576 | 479,600 | 0.35% | Put option |
| WELLS FARGO & COMPANY/MN | $207,337,429 | 422,655 | 0.30% | Shares |
| Pictet Asset Management Holding SA | $203,326,697 | 414,698 | 0.30% | Shares |
| Swiss National Bank | $195,641,215 | 398,812 | 0.29% | Shares |
| FIRST TRUST ADVISORS LP | $194,522,247 | 396,531 | 0.29% | Shares |
| AMERIPRISE FINANCIAL INC | $191,951,988 | 391,326 | 0.28% | Shares |
| Balyasny Asset Management L.P. | $182,708,581 | 372,449 | 0.27% | Shares |
| UBS Group AG | $177,728,418 | 362,297 | 0.26% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $175,345,766 | 357,440 | 0.26% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $170,119,296 | 379,977 | 0.25% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Ciena Corporation ×2 filings | Aug. 12, 2015 | · | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person | Feb. 20, 2002 | · | Initial filing | M&A / sale | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 51 insiders · 25 officers · 20 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Gary B Smith | President & CEO | Sept. 20, 2026 F | 231,359 | 0 | 23 | $-46,451,065 |
| Marc D. Graff | EVP & Chief Financial Officer | Sept. 20, 2026 F | 107,233 | 0 | 3 | $-2,266,806 |
| James E Moylan JR | SVP Finance, CFO | June 20, 2025 F | 225,045 | 0 | 0 | $0 |
| Joseph R Chinnici | SR VP FINANCE, CFO | Dec. 20, 2007 S | 32,067 | 0 | 0 | $0 |
| Francois Locoh-Donou | Chief Operating Officer | March 21, 2017 S | 282,568 | 0 | 0 | $0 |
| Joseph Cumello | EVP & General Mgr. | Sept. 25, 2026 S | 39,570 | 0 | 4 | $-4,749,751 |
| Grant Hoffman | EVP & Chief Supply | Sept. 20, 2026 F | 6,347 | 0 | 0 | $0 |
| Brodie Gage | EVP & Chief Product & | Sept. 20, 2026 F | 35,273 | 0 | 10 | $-5,493,065 |
| Dino Diperna | EVP & Chief R&D Officer | Sept. 20, 2026 F | 37,073 | 0 | 12 | $-3,696,292 |
| Sheela Kosaraju | EVP & Chief Legal Officer | Sept. 20, 2026 F | 86,166 | 0 | 4 | $-2,262,030 |
| Jason Phipps | EVP & Chief Customer Officer | Sept. 20, 2026 F | 60,017 | 0 | 18 | $-15,832,060 |
| David M Rothenstein | EVP & Chief Strategy Officer | Sept. 20, 2026 F | 175,381 | 0 | 12 | $-10,309,650 |
| Patrick H Nettles | Executive Chairman | March 21, 2025 F | 165,745 | 0 | 0 | $0 |
| Andrew C Petrik | VP, CONTROLLER | Dec. 17, 2024 A | 32,804 | 0 | 0 | $0 |
| Scott Mcfeely | SVP, Networking Platforms | Oct. 16, 2023 S | 85,054 | 0 | 0 | $0 |
| Stephen B Alexander | SVP, Chief Technology Officer | Jan. 17, 2023 S | 70,561 | 0 | 0 | $0 |
| Mary Yang | SVP, Chief Strategy Officer | Dec. 20, 2021 F | 56,619 | 0 | 0 | $0 |
| James Frodsham | SR. VP, Chief Strategy Officer | June 20, 2019 F | 126,487 | 0 | 0 | $0 |
| Marcus H Starke | SVP, Chief Marketing Officer | Dec. 21, 2016 S | 67,695 | 0 | 0 | $0 |
| Philippe Morin | SVP, Global Sales & Field Ops | Sept. 21, 2015 S | 215,988 | 0 | 0 | $0 |
| James Richard Dodd JR | SVP, Global Marketing | Oct. 16, 2014 S | 107,334 | 0 | 0 | $0 |
| David R Nachbar | SVP & Chief HR Officer | Dec. 15, 2011 A | 88,190 | 0 | 0 | $0 |
| Russell B Stevenson JR | SR. VP, GENERAL COUNSEL | Aug. 2, 2008 F | 45,329 | 0 | 0 | $0 |
| Steve W Chaddick | Sr.VP, Chief Strategy Officer | May 26, 2005 M | 584,875 | 0 | 0 | $0 |
| Jesus Leon | Sr.V.P., and Chief Dev Officer | May 26, 2004 A | · | 0 | 0 | $0 |
| Bruce L. Claflin | Director | Sept. 24, 2026 S | 8,279 | 0 | 1 | $-1,016,835 |
| Thomas Michael Nevens | Director | Sept. 24, 2026 G | 3,492 | 0 | 2 | $-3,263,834 |
| Joanne Beth Olsen | Director | March 26, 2026 A | 35,003 | 0 | 0 | $0 |
| Devinder Kumar | Director | March 26, 2026 A | 29,557 | 0 | 0 | $0 |
| Patrick Gallagher | Director | March 26, 2026 A | 50,789 | 0 | 1 | $-2,642,514 |
| Mary G Puma | Director | March 26, 2026 A | 11,477 | 0 | 0 | $0 |
| Hassan Ahmed | Director | March 26, 2026 A | 24,025 | 0 | 0 | $0 |
| FITT LAWTON W | Director | March 26, 2026 A | 130,033 | 0 | 0 | $0 |
| Judith M Obrien | Director | April 5, 2022 S | 68,341 | 0 | 0 | $0 |
| William D Fathers | Director | April 3, 2018 A | 12,433 | 0 | 0 | $0 |
| Michael J Rowny | Director | April 3, 2018 A | 95,917 | 0 | 0 | $0 |
| Harvey B Cash | Director | April 3, 2018 A | 113,459 | 0 | 0 | $0 |
| Manuel D Medina | Director | Sept. 24, 2012 D | 50,000 | 0 | 0 | $0 |
| Stephen P Bradley | Director | March 23, 2011 A | 40,345 | 0 | 0 | $0 |
| Gerald H Taylor | Director | March 26, 2008 A | 7,856 | 0 | 0 | $0 |
| Bruce L Claflin | Director | March 14, 2007 A | 5,392 | 0 | 0 | $0 |
| Don H Davis JR | Director | March 17, 2005 A | 10,000 | 0 | 0 | $0 |
| John R Dillon | Director | March 11, 2004 A | 9,200 | 0 | 0 | $0 |
| Rick Hamilton | · | Dec. 21, 2022 S | 77,190 | 0 | 0 | $0 |
| Michael Gerald Aquino | · | June 21, 2011 S | 152,721 | 0 | 0 | $0 |
| Arthur D Smith | · | July 1, 2010 S | 220,460 | 0 | 0 | $0 |
| James Collier | · | March 7, 2006 F | 87,502 | 0 | 0 | $0 |
| Neil Robert A O | · | Jan. 3, 2005 S | 231,012 | 0 | 0 | $0 |
| Gudmundur Hjartarson | · | Dec. 20, 2004 M | 571,880 | 0 | 0 | $0 |
| Edward A Ogonek | · | Dec. 9, 2003 A | · | 0 | 0 | $0 |
| Nicholas S Jeffery | · | Dec. 9, 2003 A | 14,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 144 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| GRZZ · Tidal Trust II | 3.27% | 2,888 NS | July 31, 2026 | N-PORT |
| ULTY · Tidal Trust II | 3.21% | 63,000 NS | July 31, 2026 | N-PORT |
| NUMG · Nushares ETF Trust | 3.14% | 29,103 NS | July 31, 2026 | N-PORT |
| IDGT · iShares Trust | 3.07% | 46,597 SH | Sept. 11, 2026 | Daily |
| NRSH · Tidal Trust I | 3.07% | 2,441 NS | July 31, 2026 | N-PORT |
| IYZ · iShares Trust | 2.54% | 92,443 SH | Sept. 11, 2026 | Daily |
| FDND · First Trust Exchange-Traded Fund IV | 2.10% | 544 NS | July 31, 2026 | N-PORT |
| RPG · Invesco Exchange-Traded Fund Trust | 1.93% | 96,677 SH | Oct. 5, 2026 | Daily |
| AMOM · Exchange Listed Funds Trust | 1.76% | 1,114 NS | July 31, 2026 | N-PORT |
| SMCO · Tidal Trust II | 1.71% | 6,434 NS | July 31, 2026 | N-PORT |
| VOT · VANGUARD INDEX FUNDS | 1.52% | 1,082,892 SH | Aug. 19, 2026 | Daily |
| RSPT · Invesco Exchange-Traded Fund Trust | 1.47% | 235,461 SH | Oct. 5, 2026 | Daily |
| WEBL · Direxion Shares ETF Trust | 1.36% | 3,382 NS | July 31, 2026 | N-PORT |
| PWB · Invesco Exchange-Traded Fund Trust | 1.35% | 96,053 SH | Oct. 5, 2026 | Daily |
| SPHB · Invesco Exchange-Traded Fund Trust … | 1.21% | 30,673 SH | Oct. 5, 2026 | Daily |
| AGRW · ALLSPRING EXCHANGE-TRADED FUNDS TRU… | 1.08% | 3,231 NS | July 31, 2026 | N-PORT |
| ALTL · Pacer Funds Trust | 0.90% | 2,204 NS | July 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.78% | 51,739 NS | July 31, 2026 | N-PORT |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.75% | 26,198 NS | July 31, 2026 | N-PORT |
| FDMO · FIDELITY COVINGTON TRUST | 0.74% | 17,751 NS | July 31, 2026 | N-PORT |
| ROUS · Lattice Strategies Trust | 0.74% | 13,834 NS | July 31, 2026 | N-PORT |
| ESLG · Strategy Shares | 0.74% | 454 NS | July 31, 2026 | N-PORT |
| FFLG · FIDELITY COVINGTON TRUST | 0.71% | 11,113 NS | July 31, 2026 | N-PORT |
| PALC · Pacer Funds Trust | 0.67% | 3,752 NS | July 31, 2026 | N-PORT |
| TRFK · Pacer Funds Trust | 0.67% | 17,038 NS | July 31, 2026 | N-PORT |
| VO · VANGUARD INDEX FUNDS | 0.67% | 3,064,135 SH | Aug. 19, 2026 | Daily |
| IMCG · iShares Trust | 0.66% | 78,218 SH | Sept. 11, 2026 | Daily |
| HIBL · Direxion Shares ETF Trust | 0.61% | 1,211 NS | July 31, 2026 | N-PORT |
| KNCT · Invesco Exchange-Traded Fund Trust | 0.55% | 2,364 SH | Oct. 5, 2026 | Daily |
| SPHQ · Invesco Exchange-Traded Fund Trust | 0.55% | 263,865 SH | Oct. 5, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.52% | 10,626 SH | Oct. 5, 2026 | Daily |
| TRFM · ETF Series Solutions | 0.50% | 3,276 NS | July 31, 2026 | N-PORT |
| SPMO · Invesco Exchange-Traded Fund Trust … | 0.48% | 289,543 SH | Oct. 5, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.44% | 1,768 NS | July 31, 2026 | N-PORT |
| MTUM · iShares Trust | 0.39% | 285,471 SH | Sept. 11, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.37% | 5,692 NS | July 31, 2026 | N-PORT |
| ESMV · iShares Trust | 0.36% | 83 SH | Sept. 11, 2026 | Daily |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.35% | 14,363 NS | July 31, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.33% | 4,047 NS | July 31, 2026 | N-PORT |
| ESUM · Strategy Shares | 0.33% | 1,594 NS | July 31, 2026 | N-PORT |
| IMCB · iShares Trust | 0.33% | 16,548 SH | Sept. 11, 2026 | Daily |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.32% | 21,006 NS | July 31, 2026 | N-PORT |
| VGT · VANGUARD WORLD FUND | 0.31% | 1,063,769 SH | Aug. 19, 2026 | Daily |
| HAPI · Harbor ETF Trust | 0.31% | 3,975 NS | July 31, 2026 | N-PORT |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.30% | 66,110 NS | July 31, 2026 | N-PORT |
| HQGO · Lattice Strategies Trust | 0.30% | 386 NS | July 31, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.27% | 11,200 SH | Aug. 19, 2026 | Daily |
| XOEF · iShares Trust | 0.27% | 178 SH | Sept. 11, 2026 | Daily |
| USMV · iShares Trust | 0.26% | 181,206 SH | Sept. 11, 2026 | Daily |
| TECL · Direxion Shares ETF Trust | 0.26% | 34,544 NS | July 31, 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.25% | 133,708 NS | July 31, 2026 | N-PORT |
| RSP · Invesco Exchange-Traded Fund Trust | 0.24% | 575,962 SH | Oct. 5, 2026 | Daily |
| INFO · Harbor ETF Trust | 0.22% | 4,891 NS | July 31, 2026 | N-PORT |
| IGM · iShares Trust | 0.21% | 66,715 SH | Sept. 11, 2026 | Daily |
| VUG · VANGUARD INDEX FUNDS | 0.21% | 1,621,315 SH | Aug. 19, 2026 | Daily |
| FFSM · FIDELITY COVINGTON TRUST | 0.21% | 8,318 NS | July 31, 2026 | N-PORT |
| IETC · iShares U.S. ETF Trust | 0.21% | 4,252 SH | Sept. 11, 2026 | Daily |
| FHEQ · Fidelity Greenwood Street Trust | 0.21% | 5,095 NS | July 31, 2026 | N-PORT |
| VOOG · VANGUARD ADMIRAL FUNDS | 0.20% | 105,023 SH | Aug. 19, 2026 | Daily |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.20% | 222,790 SH | Aug. 19, 2026 | Daily |
| USXF · iShares Trust | 0.19% | 8,397 SH | Sept. 11, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.19% | 23,079 SH | Oct. 5, 2026 | Daily |
| FYEE · Fidelity Greenwood Street Trust | 0.19% | 1,096 NS | July 31, 2026 | N-PORT |
| FBUF · Fidelity Greenwood Street Trust | 0.19% | 119 NS | July 31, 2026 | N-PORT |
| VEGN · ETF Series Solutions | 0.18% | 829 NS | July 31, 2026 | N-PORT |
| TYLG · Global X Funds | 0.17% | 66 NS | July 31, 2026 | N-PORT |
| IXN · iShares Trust | 0.17% | 48,321 SH | Sept. 10, 2026 | Daily |
| EGLE · Global X Funds | 0.17% | 10 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.17% | 9,767 SH | Sept. 11, 2026 | Daily |
| EGUS · iShares Trust | 0.17% | 138 SH | Sept. 11, 2026 | Daily |
| IWY · iShares Trust | 0.17% | 77,339 SH | Sept. 11, 2026 | Daily |
| ACIO · ETF Series Solutions | 0.15% | 9,313 NS | July 31, 2026 | N-PORT |
| ILCG · iShares Trust | 0.15% | 13,770 SH | Sept. 11, 2026 | Daily |
| ADME · ETF Series Solutions | 0.15% | 1,138 NS | July 31, 2026 | N-PORT |
| SPTE · SP Funds Trust | 0.15% | 817 NS | July 31, 2026 | N-PORT |
| IWF · iShares Trust | 0.14% | 528,818 SH | Sept. 11, 2026 | Daily |
| IQSU · New York Life Investments ETF Trust | 0.14% | 1,231 NS | July 31, 2026 | N-PORT |
| RECS · Columbia ETF Trust I | 0.14% | 21,926 NS | July 31, 2026 | N-PORT |
| GLBL · Pacer Funds Trust | 0.14% | 4 NS | July 31, 2026 | N-PORT |
| IVW · iShares Trust | 0.13% | 301,844 SH | Sept. 11, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.13% | 7,961 NS | July 31, 2026 | N-PORT |
| IUSG · iShares Trust | 0.13% | 124,710 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.12% | 153,498 NS | July 31, 2026 | N-PORT |
| ESGV · VANGUARD WORLD FUND | 0.12% | 31,816 SH | Aug. 19, 2026 | Daily |
| SIZE · iShares Trust | 0.11% | 1,448 SH | Sept. 11, 2026 | Daily |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.11% | 4,893 SH | Oct. 5, 2026 | Daily |
| VOO · VANGUARD INDEX FUNDS | 0.11% | 3,672,277 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.11% | 165,137 SH | Aug. 19, 2026 | Daily |
| SUSA · iShares Trust | 0.10% | 12,049 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.10% | 4,489,728 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.10% | 23,320 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.10% | 11,846 SH | Aug. 19, 2026 | Daily |
| ACWV · iShares, Inc. | 0.10% | 10,005 SH | Sept. 11, 2026 | Daily |
| FBCG · FIDELITY COVINGTON TRUST | 0.10% | 17,688 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.09% | 87 SH | Sept. 11, 2026 | Daily |
| USCL · iShares Trust | 0.09% | 7,500 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.09% | 7,843 NS | July 31, 2026 | N-PORT |
| CATH · Global X Funds | 0.09% | 3,006 NS | July 31, 2026 | N-PORT |
| WRND · New York Life Investments ETF Trust | 0.09% | 24 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.09% | 11 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.09% | 7,347 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.09% | 113 NS | July 31, 2026 | N-PORT |
| PBP · Invesco Exchange-Traded Fund Trust | 0.08% | 844 SH | Oct. 5, 2026 | Daily |
| ESGU · iShares Trust | 0.08% | 45,359 SH | Sept. 11, 2026 | Daily |
| XCLR · Global X Funds | 0.08% | 8 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.08% | 142 NS | July 31, 2026 | N-PORT |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.08% | 22,866 SH | Oct. 5, 2026 | Daily |
| IWL · iShares Trust | 0.08% | 5,454 SH | Sept. 11, 2026 | Daily |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 19,506 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.08% | 7,131 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.08% | 2,391 NS | July 31, 2026 | N-PORT |
| HELO · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 10,007 NS | July 31, 2026 | N-PORT |
| XVV · iShares Trust | 0.08% | 1,627 SH | Sept. 11, 2026 | Daily |
| BKLC · BNY Mellon ETF Trust | 0.08% | 11,757 NS | July 31, 2026 | N-PORT |
| CHRI · Global X Funds | 0.08% | 17 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.08% | 43,277 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.08% | 12 NS | July 31, 2026 | N-PORT |
| SPUU · Direxion Shares ETF Trust | 0.08% | 533 NS | July 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.07% | 3,383 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.07% | 24,650 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.07% | 1,782,076 SH | Sept. 11, 2026 | Daily |
| ILCB · iShares Trust | 0.07% | 2,767 SH | Sept. 11, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.07% | 112 SH | Oct. 5, 2026 | Daily |
| TOV · EA Series Trust | 0.07% | 513 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.07% | 6,053 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.07% | 97,159 SH | Sept. 11, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.07% | 982 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.06% | 183,874 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.06% | 38,643 SH | Sept. 11, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.06% | 11,056 NS | July 31, 2026 | N-PORT |
| DYNF · BlackRock ETF Trust | 0.06% | 74,939 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.06% | 118,124 SH | Aug. 19, 2026 | Daily |
| TILT · FlexShares Trust | 0.06% | 3,318 NS | July 31, 2026 | N-PORT |
| TOK · iShares Trust | 0.05% | 389 SH | Sept. 11, 2026 | Daily |
| URTH · iShares, Inc. | 0.05% | 12,638 SH | Sept. 11, 2026 | Daily |
| CRBN · iShares Trust | 0.05% | 1,800 SH | Sept. 11, 2026 | Daily |
| PWS · Pacer Funds Trust | 0.05% | 29 NS | July 31, 2026 | N-PORT |
| ACWI · iShares Trust | 0.05% | 44,527 SH | Sept. 11, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | 0.04% | 415 SH | Aug. 19, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.04% | 9,686 SH | Oct. 5, 2026 | Daily |
| GLOF · iShares Trust | 0.04% | 227 SH | Sept. 11, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.04% | 8,890 SH | Oct. 5, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.02% | 506 SH | Oct. 5, 2026 | Daily |
| FEUS · FlexShares Trust | 0.02% | 55 NS | July 31, 2026 | N-PORT |
CIEN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 26 analysts
BUY
Median target
$536.50
+20.9%
7 26.9%
Strong Buy
12 46.2%
Buy
7 26.9%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
20 analysts · 2026-10-06Mean target $512.99 +15.6%
Now
Current price $443.65
Low$347.00
Mean$512.99
High$660.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CIEN | $26.78B | 223.4 | 18.8% | 2.6% | 4.5% | 42.0% |
| CSCO | $450.51B | 34.3 | 11.8% | 20.9% | 27.1% | 64.5% |
| ANET | $164.64B | 47.6 | 28.6% | 39.0% | 30.2% | 64.1% |
| LITE | $72.38B | -8.8 | 83.2% | -230.1% | -252.6% | 41.7% |
| MSI | $63.52B | 30.1 | 8.0% | 18.4% | 104.7% | 51.7% |
| UI | $32.32B | 33.7 | 27.2% | 29.3% | 78.2% | 46.2% |
| FFIV | $18.64B | 27.4 | 9.7% | 22.4% | 20.1% | 81.4% |
| VIAV | $11.76B | -366.4 | 40.0% | -2.0% | -2.7% | 57.7% |
| AAOI | $2.61B | -54.5 | 82.8% | -8.4% | -6.6% | 30.0% |
| VSAT | $6.25B | -183.2 | 2.7% | -0.73% | -0.74% | · |
| ONDS | $3.72B | -15.7 | 605.3% | -260.7% | -57.0% | 39.7% |
Latest News Recent headlines mentioning this company
Ciena (CIEN): AI-Driven Connectivity Demand Is Turning Into Stronger Revenue Visibility
Yahoo Finance · 3 months, 3 weeks ago
Ciena Corporation (CIEN) Taps Debt Market to Enhance Supply Chain Capacity and Return Value
Yahoo Finance · 3 months, 3 weeks ago
Morgan Stanley resets CIEN stock target after earnings
Yahoo Finance · 3 months, 4 weeks ago
Ciena Q2 Earnings Surge; Raises FY26 Outlook
Nasdaq · 4 months ago
Ciena Corp. Profit Rises In Q2
Nasdaq · 4 months ago
BofA Raises its Price Target on Ciena (CIEN)
Yahoo Finance · 4 months ago
Ciena (CIEN), Lightstorm Upgrade JGA Submarine Cable to Support 400Gbps Services
Yahoo Finance · 5 months, 2 weeks ago
This AI Stock Might Be the Biggest Winner in 2026, And It Is Not Nvidia
Yahoo Finance · 5 months, 3 weeks ago
5 Stocks Leading the Market's Rebound: The AI Connectivity Trade
Yahoo Finance · 5 months, 3 weeks ago
Think It’s Too Late to Buy Ciena? Here’s the Case for Getting In Now
Yahoo Finance · 5 months, 3 weeks ago
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Source: SEC 10-Q filed Sep 3, 2026