Ciena Corporation (CIEN)财务
NYSE · Technology · Communication Equipment · 员工8,989人 · CEO Gary Smith
- 股价
- $320.72 -8.22%
- 市值
- $455亿
- 企业价值
- $433亿
- 最近财报
- Q3 '26 2026-09-03提交
- 下次财报
- 2026-12-10 EPS预期 $2.05
营收(TTM)$60.2亿+32.6% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)14.1%+8.6 百分点 对比去年同期营业利润 $8.49亿
净利润(TTM)$6.54亿+364.5% 对比去年同期税后,含营业外收益
自由现金流(TTM)$7.19亿+2.6% 对比去年同期资本支出 $3.36亿
稀释EPS(TTM)$4.48+361.0% 对比去年同期最近4个季度之和
净现金$23.9亿+1,017.2% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $455亿 EV $433亿
- 营收
- $60.2亿 过去12个月
- 营收增速
- +35% FY2026年一致预期
- 净利润率
- 10.9% 净利润 / 营收,TTM
- P/E
- 69.4× 预期 44.8×(FY2026)
- P/S
- 7.6× 股价 / 营收,TTM
- EV / EBITDA
- 44.5× TTM
- 自由现金流
- $7.19亿 过去12个月
- 净利润
- $6.54亿 过去12个月
- 营收预期
- $64.3亿 FY2026年一致预期
- 盈利
- 2026-12-10 营收预期 $17.6亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-09-03):营收超预期2.1%,EPS 超预期22.0%营收$16.7亿,预期$16.4亿(+2.1%);EPS $2.11,预期$1.73(+22.0%)。
- 营收增长加速:同比37.0%Q3 '26营收$16.7亿,此前四个季度的平均值为30.6%。
- 营业利润率14.1%(TTM),较去年同期+8.6 百分点营收增长32.6%,营业利润增长237.5%。
- 税前利润的17.0%被营业外亏损吞噬税前利润$7.26亿,营业利润$8.49亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的5.6%(去年为1.8%)最近4个季度投入$3.36亿(同比+301.8%)。自由现金流$7.19亿,相当于净利润的109.9%。
- 股东回报$5.55亿 = 自由现金流的77.1%回购$5.55亿(去年为$4.68亿),股息$0,股权激励$2750万(TTM)。
- 稀释股数一年内增加1.0%Q3 '26稀释股数1.46亿,一年前为1.44亿。
- 净现金 $23.9亿现金 + 短期投资 $26.3亿,含租赁债务 $2.37亿;一年前净债务 $2.61亿。
上一季度:Q3 '26
截至2026-08-01的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $16.7亿 | $12.2亿 | +37.0% |
| 毛利率 | 45.4% | 41.3% | +4.2 百分点 |
| 营业利润 | $3.01亿 | $7530万 | +299.9% |
| 营业利润率 | 18.0% | 6.2% | +11.8 百分点 |
| 净利润 | $2.66亿 | $5030万 | +429.6% |
| 稀释EPS | $1.83 | $0.35 | +422.9% |
| 经营现金流 | $1.96亿 | $1.74亿 | +12.6% |
| 资本支出 | $8000万 | -$5560万 | +243.8% |
| 自由现金流 | $1.16亿 | $2.3亿 | -49.4% |
| R&D | $2.37亿 | $2.12亿 | +11.7% |
| 股权激励费用 | $5790万 | $4690万 | +23.3% |
实际 vs 一致预期
2026-09-03| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $16.7亿 | $16.4亿 | +2.1% |
| EPS(一致预期口径) | $2.11 | $1.73 | +22.0% |
来自2026-09-03发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Networking Platforms Segment | $13.6亿 | +44.0% | 81.1% | – | – | |
| Global Services | $1.94亿 | +20.8% | 11.6% | – | – | |
| Platform Software and Services Segment | $9870万 | +9.7% | 5.9% | – | – | |
| Blue Planet Automation Software and Services Segment | $2320万 | -16.5% | 1.4% | – | – |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| North America | $13.2亿 | +42.6% | 78.8% | – | – | |
| EMEA | $1.81亿 | -2.9% | 10.8% | – | – | |
| Asia Pacific | $1.74亿 | +58.4% | 10.4% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $10.5亿
- 资本支出
- -$3.36亿
- 股票回购
- -$5.55亿
- 股息
- $0
- 收购
- -$2.31亿
- 债务净发行
- $17.2亿
- 股权激励费用
- $2750万
- 自由现金流
- $7.19亿
- 股东回报 / FCF
- 77.1%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 69.4× | 83.4× | 16.9× – 218.3× |
| EV / EBITDA | 44.5× | 28.7× | 12.1× – 70.8× |
| EV / 营收 | 7.2× | 2.8× | 1.5× – 5.8× |
| 股价 / FCF | 63.3× | 45.4× 5年中的4年 | 18.2× – 98.3× |
| 股价 / 净资产 | 14.9× | 4.2× | 2.1× – 9.9× |
| FCF收益率 | 1.6% | 1.9% | -3.5% – 5.5% |
| 投入资本回报率 | 11.6% | 6.5% | 2.9% – 12.5% |
| 净资产收益率 | 22.8% | 7.7% | 3.0% – 16.6% |
分析师
一致目标价 $507.42 (+58.2%)
区间 $347.00 – $615.00 · 评级 Buy
强烈买入0
买入33
持有9
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $64.3亿 | +34.8% | $7.17 | +743.0% | 44.8× | 11 |
| FY2027 | $84.5亿 | +31.4% | $11.85 | +65.4% | 27.1× | 8 |
| FY2028 | $110亿 | +29.6% | $17.53 | +47.9% | 18.3× | 6 |
| FY2029 | $139亿 | +27.2% | $24.72 | +41.0% | 13.0× | 2 |
| FY2030 | $170亿 | +22.1% | $34.97 | +41.5% | 9.2× | 2 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Ciena Corporation在近期10-Q / 10-K文件中标记的全部264项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $6.54亿 | $4.65亿 | +40.8% | $5.43亿 | $4.23亿 | +28.2% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $12.3亿 | $10.3亿 | +20.3% | $9.76亿 | $9.09亿 | +7.4% |
| Accounts Receivable, after Allowance for Credit Loss, Noncurrent | $1800万 | – | – | $2860万 | $0 | – |
| Accounts Receivable, Allowance for Credit Loss | $960万 | $950万 | +1.1% | – | – | – |
| Accounts Receivable, Allowance for Credit Loss, Current | $1120万2025-11-01 | $988万 | +13.5% | $1120万 | $988万 | +13.5% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | – | – | – | $289万 | $977万 | -70.4% |
| Accounts Receivable, Credit Loss Expense (Reversal) | – | – | – | $423万 | $800万 | -47.1% |
| Accrued Income Taxes, Current | $11.7万 | – | – | $1070万 | $3510万 | -69.4% |
| Accrued Income Taxes, Noncurrent | $1.03亿2025-11-01 | $1.13亿 | -9.4% | $1.03亿 | $1.13亿 | -9.4% |
| Accrued Liabilities, Current | $5.08亿 | $4.36亿 | +16.5% | $5.31亿 | $3.94亿 | +34.8% |
| Accrued Salaries, Current | $2.49亿 | – | – | $2.82亿 | $1.49亿 | +89.3% |
| Accrued Vacation, Current | $3570万 | – | – | $3370万 | $3130万 | +7.9% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $7.4亿 | – | – | $4.24亿2019-11-02 | $3.79亿 | +11.8% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$6500万 | -$4480万 | -45.1% | -$5500万 | -$4670万 | -17.8% |
| Additional Paid in Capital, Common Stock | $56.6亿 | $60.2亿 | -6.1% | $59.5亿 | $61.5亿 | -3.3% |
| Amortization of Intangible Assets | $371万 | $656万 | -43.4% | $2580万 | $2960万 | -12.9% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2,000 | 137万 | -99.9% | 100万 | 106万 | -5.0% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $5790万 | $4690万 | +23.3% | $1.85亿 | $1.56亿 | +18.0% |
| Assets | $80亿 | $57.5亿 | +39.1% | $58.6亿 | $56.4亿 | +4.0% |
| Assets, Current | $52.6亿 | $36.9亿 | +42.8% | $35.7亿 | $35.4亿 | +0.6% |
| Assets, Fair Value Disclosure | $25.3亿 | – | – | $12亿 | $12.7亿 | -5.6% |
| Business Combination, Acquisition Related Costs | $0 | $0 | – | $115万 | $0 | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | $126万2025-10-07 | – | – | $126万2025-10-07 | – | – |
| Capital Expenditures Incurred but Not yet Paid | $1200万 | $227万 | +428.6% | $1740万 | $1470万 | +18.8% |
| Capitalized Contract Cost, Amortization | $840万 | $930万 | -9.7% | $3680万 | $3050万 | +20.7% |
| Capitalized Contract Cost, Net | $3890万 | $3340万 | +16.5% | $3740万 | $2840万 | +31.7% |
| Capitalized Contract Cost, Net, Noncurrent | $769万2025-11-01 | $811万 | -5.2% | $769万 | $811万 | -5.2% |
| Cash and Cash Equivalents, at Carrying Value | $24.5亿 | $10.6亿 | +131.6% | $10.9亿 | $9.35亿 | +16.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $24.5亿 | $10.6亿 | +131.6% | $10.9亿 | $9.35亿 | +16.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $14亿 | $1.06亿 | +1,217.8% | $1.57亿 | -$7580万 | +307.5% |
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $1,000.002026-06-11 | – | – | – | – | – |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 2.9亿 | 2.9亿 | 0.0% | 2.9亿 | 2.9亿 | 0.0% |
| Common Stock, Shares, Issued | 1.42亿 | 1.41亿 | +0.4% | 1.41亿 | 1.43亿 | -1.1% |
| Common Stock, Shares, Outstanding | 1.42亿 | 1.41亿 | +0.4% | 1.41亿 | 1.43亿 | -1.1% |
| Common Stock, Value, Issued | $142万 | $141万 | +0.4% | $141万 | $143万 | -1.2% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $2.41亿 | $4510万 | +435.7% | $1.15亿 | $7500万 | +53.3% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $1.61亿 | $1.64亿 | -2.1% | $1.58亿 | $1.28亿 | +23.4% |
| Contract with Customer, Liability | $3.11亿 | $2.77亿 | +12.3% | $3.04亿 | $2.38亿 | +27.8% |
| Contract with Customer, Liability, Current | $2.11亿 | $1.96亿 | +7.8% | $2.09亿 | $1.56亿 | +33.6% |
| Contract with Customer, Liability, Noncurrent | $9980万 | $8110万 | +23.2% | $9490万 | $8120万 | +16.8% |
| Contract with Customer, Liability, Revenue Recognized | $2470万 | $2330万 | +6.0% | $1.54亿 | $1.54亿 | 0.0% |
| Cost of Goods and Services Sold | $9.12亿 | $7.16亿 | +27.3% | $27.6亿 | $23亿 | +20.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | $1490万 | $7020万 | -78.8% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $3700万 | $2840万 | +30.4% |
| Current Income Tax Expense (Benefit) | – | – | – | $5610万 | $1.13亿 | -50.2% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $421万 | $1410万 | -70.2% |
| Customer Funds | $25.4万2025-11-01 | $1.67亿 | -99.8% | $25.4万 | $1.67亿 | -99.8% |
| Debt Issuance Costs, Line of Credit Arrangements, Net | $144万2025-11-01 | $173万 | -16.9% | $144万 | $173万 | -16.9% |
| Debt Securities, Available-for-sale | $4.99亿 | $4.22亿 | +18.3% | $3.43亿 | $4.9亿 | -30.1% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $2000 | $50.6万 | -99.6% | $57万 | $89.2万 | -36.1% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $85.1万 | $3000 | +28,266.7% | $0 | $16.2万 | -100.0% |
| Debt Securities, Available-for-sale, Amortized Cost | $5亿 | $4.22亿 | +18.6% | $3.42亿 | $4.89亿 | -30.1% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $2.14亿 | $6420万 | +233.7% | $5690万 | $8090万 | -29.6% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $2.86亿 | $3.57亿 | -20.0% | $2.85亿 | $4.09亿 | -30.2% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $2.14亿 | $6440万 | +231.6% | $5710万 | $8090万 | -29.4% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $2.86亿 | $3.58亿 | -20.1% | $2.86亿 | $4.09亿 | -30.2% |
| Deferred Compensation Liability, Classified, Noncurrent | $2120万2025-11-01 | $1650万 | +28.4% | $2120万 | $1650万 | +28.4% |
| Deferred Compensation Liability, Current and Noncurrent | $2560万2026-05-02 | – | – | – | – | – |
| Deferred Compensation Plan Assets | $2120万2025-11-01 | $1650万 | +28.2% | $2120万 | $1650万 | +28.2% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-08-01, 10-Q 2026-05-02, 10-Q 2026-01-31, 10-K 2025-11-01, 10-Q 2025-08-02, 10-Q 2025-05-03, 10-Q 2025-02-01, 10-K 2024-11-02, 10-Q 2024-07-27
数据截至 2026-11-02