CIEN
Ciena Corporation Technology - Communication Equipment Investor Relations →
Ciena Corporation (CIEN) closed at $271.32 as of 2026-02-02, trading 276.3% above its 200-week moving average of $72.09. The stock moved further from the line this week, up from 254.5% last week. With a 14-week RSI of 72, CIEN is in overbought territory.
Over the past 1465 weeks of data, CIEN has crossed below its 200-week moving average 36 times. On average, these episodes lasted 19 weeks. Historically, investors who bought CIEN at the start of these episodes saw an average one-year return of +29.8%.
With a market cap of $38.3 billion, CIEN is a large-cap stock. The company generates a free cash flow yield of 1.7%. Return on equity stands at 4.4%. The stock trades at 14.0x book value.
Over the past 28.2 years, a hypothetical investment of $100 in CIEN would have grown to $141, compared to $1142 for the S&P 500. CIEN has returned 1.2% annualized vs 9.0% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: CIEN vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After CIEN Crosses Below the Line?
Across 36 historical episodes, buying CIEN when it crossed below its 200-week moving average produced an average return of +33.5% after 12 months (median +29.0%), compared to +12.8% for the S&P 500 over the same periods. 77% of those episodes were profitable after one year. After 24 months, the average return was +43.7% vs +23.8% for the index.
Each line shows $100 invested at the moment CIEN crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
CIEN has crossed below its 200-week MA 36 times with an average 1-year return of +29.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Feb 1998 | Apr 1998 | 9 | 13.9% | -46.6% | +84.6% |
| Aug 1998 | Sep 1999 | 55 | 82.1% | +3.2% | +148.1% |
| Sep 1999 | Nov 1999 | 6 | 16.3% | +529.8% | +102.2% |
| Apr 2001 | Apr 2001 | 1 | 12.9% | -76.3% | +13.2% |
| Jun 2001 | Feb 2006 | 244 | 93.4% | -89.5% | -3.4% |
| May 2006 | May 2006 | 3 | 3.1% | +8.8% | +888.8% |
| Jul 2006 | Aug 2006 | 5 | 14.8% | +41.0% | +888.8% |
| Aug 2006 | Sep 2006 | 2 | 4.7% | +34.6% | +864.2% |
| Sep 2006 | Dec 2006 | 11 | 19.2% | +39.7% | +895.7% |
| Feb 2007 | Mar 2007 | 4 | 7.4% | -4.7% | +901.2% |
| Jan 2008 | Feb 2008 | 3 | 2.7% | -68.7% | +994.5% |
| Jun 2008 | Dec 2010 | 130 | 78.8% | -58.6% | +959.0% |
| Jun 2011 | Jan 2012 | 34 | 40.1% | -22.8% | +1325.0% |
| Feb 2012 | Mar 2012 | 1 | 3.7% | +2.4% | +1773.8% |
| Apr 2012 | Jun 2012 | 5 | 20.1% | +10.6% | +1940.0% |
| Jul 2012 | Jul 2012 | 1 | 0.5% | +50.9% | +1810.7% |
| Aug 2012 | Sep 2012 | 1 | 5.8% | +45.7% | +1884.8% |
| Sep 2012 | Dec 2012 | 11 | 15.8% | +78.0% | +1810.7% |
| Jan 2013 | Jan 2013 | 1 | 3.9% | +56.7% | +1752.0% |
| Feb 2013 | Mar 2013 | 1 | 4.1% | +65.7% | +1729.5% |
| Apr 2013 | May 2013 | 8 | 6.6% | +44.0% | +1706.4% |
| Sep 2014 | Dec 2014 | 12 | 21.6% | +20.2% | +1476.5% |
| Jan 2016 | Feb 2016 | 6 | 8.8% | +33.2% | +1393.2% |
| Feb 2016 | May 2016 | 13 | 20.3% | +51.0% | +1470.1% |
| Jun 2016 | Jul 2016 | 3 | 6.9% | +38.3% | +1319.8% |
| Jul 2016 | Aug 2016 | 1 | 3.8% | +32.5% | +1313.9% |
| Oct 2016 | Nov 2016 | 3 | 5.7% | +10.1% | +1261.4% |
| Nov 2016 | Dec 2016 | 1 | 0.5% | +6.3% | +1226.7% |
| Oct 2017 | Jan 2018 | 10 | 6.7% | +41.6% | +1196.3% |
| Jun 2022 | Jul 2022 | 6 | 8.4% | -8.6% | +500.0% |
| Aug 2022 | Dec 2022 | 16 | 19.0% | +9.6% | +513.6% |
| Feb 2023 | Mar 2023 | 7 | 7.3% | +16.9% | +459.0% |
| Apr 2023 | Jan 2024 | 39 | 19.2% | -7.1% | +478.6% |
| Mar 2024 | Aug 2024 | 22 | 15.1% | +27.6% | +442.4% |
| Sep 2024 | Sep 2024 | 1 | 0.4% | +128.1% | +430.3% |
| Mar 2025 | Apr 2025 | 1 | 1.9% | N/A | +407.1% |
| Average | 19 | — | +29.8% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02