Buyback yield (TTM)
0.48%
Shareholder yield (TTM)
0.48%
5Y share count change
-6.9%
Buyback spend (TTM)
$364.56M
Cumulative buybacks
$2.07B
Key takeaways
- Ciena (CIEN) repurchased about $364.56M of stock over the trailing twelve months.
- Diluted share count is down 6.9% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 1.27× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +25.6% per year over the latest 5-year window.
- TTM repurchases used about 44% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Ciena (CIEN)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Ciena (CIEN)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Ciena (CIEN)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Ciena (CIEN)
Latest: $334.51M
Overview
In 2025, Ciena (CIEN) buyback spend totalled $334.51M – grew 11.1% year-over-year.
Ciena buyback spend compound annual growth for the 2020–2025 (5 years) window is +25.6%, sustaining 2 straight years of year-over-year growth.
Ciena buyback spend peaked at $549.25M in 2022; the latest annual figure is $334.51M in 2025 (39.1% below peak).
2022 marks the peak buyback spend at $549.25M, with the historical low of $0.00 recorded in 1997.
Ciena Buyback Spend 2025: $334.51M
In 2025, Ciena reported buyback spend of $334.51M, grew 11.1% from 2024.
Ciena Buyback Spend 2024: $301.07M
Ciena buyback spend in 2024 was $301.07M, grew 7.3% from 2023.
Ciena Buyback Spend 2023: $280.71M
2023's buyback spend for Ciena came in at $280.71M, plunged 48.9% below 2022.
Ciena Buyback Spend 2022: $549.25M
Ciena posted buyback spend of $549.25M in 2022, surged 305.8% from 2021. This figure represents the highest annual value in the available history.
Ciena Buyback Spend 2021: $135.36M
Ciena buyback spend in 2021 was $135.36M.
See more financial history for Ciena (CIEN).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $334.51M | $184.53M | $149.98M | 1.24% | 0.15B | -0.5% | |
| 2024 | $301.07M | $156.40M | $144.66M | 3.25% | 0.15B | -2.3% | |
| 2023 | $280.71M | $130.46M | $150.25M | 4.51% | 0.15B | -1.8% | |
| 2022 | $549.25M | $105.13M | $444.12M | 7.10% | 0.15B | -2.9% | |
| 2021 | $135.36M | $84.34M | $51.02M | 1.50% | 0.16B | +0.5% | |
| 2020 | $107.01M | $67.76M | $39.25M | 1.76% | 0.16B | -1.1% | |
| 2019 | $179.13M | $59.74M | $119.40M | 3.12% | 0.16B | +9.7% | |
| 2018 | $115.74M | $52.97M | $62.77M | 2.58% | 0.14B | -15.4% | |
| 2017 | $0.00 | $48.36M | −$48.36M | — | 0.17B | +12.8% | |
| 2016 | $0.00 | $51.99M | −$51.99M | — | 0.15B | +25.5% | |
| 2015 | $0.00 | $55.34M | −$55.34M | — | 0.12B | +13.5% | |
| 2014 | $0.00 | $42.93M | −$42.93M | — | 0.11B | +3.4% | |
| 2013 | $0.00 | $37.72M | −$37.72M | — | 0.10B | +3.0% | |
| 2012 | $0.00 | $32.39M | −$32.39M | — | 0.10B | +3.6% | |
| 2011 | $0.00 | $37.93M | −$37.93M | — | 0.10B | +3.0% | |
| 2010 | $0.00 | $35.56M | −$35.56M | — | 0.09B | +2.1% | |
| 2009 | $0.00 | $34.44M | −$34.44M | — | 0.09B | -17.6% | |
| 2008 | $0.00 | $31.43M | −$31.43M | — | 0.11B | +11.0% | |
| 2007 | $42.50M | $14.04M | $28.46M | 1.03% | 0.10B | +17.2% | |
| 2006 | $28.46M | $1.89M | $26.57M | 1.43% | 0.09B | +3.5% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 0.08B | +10.3% | |
| 2004 | $0.00 | $11.88M | −$11.88M | — | 0.07B | +16.7% | |
| 2003 | $0.00 | $70.55M | −$70.55M | — | 0.06B | +22.3% | |
| 2002 | $0.00 | $589.61M | −$589.61M | — | 0.05B | +17.1% | |
| 2001 | $0.00 | $1.95B | −$1.95B | — | 0.04B | +4.1% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.04B | +12.2% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.04B | +4.4% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.04B | +23.5% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.03B | — |
- 2025$334.51M
- 2024$301.07M
- 2023$280.71M
- 2022$549.25M
- 2021$135.36M
- 2020$107.01M
- 2019$179.13M
- 2018$115.74M
- 2017$0.00
- 2016$0.00
- 2015$0.00
- 2014$0.00
- 2013$0.00
- 2012$0.00
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$0.00
- 2007$42.50M
- 2006$28.46M
- 2005$0.00
- 2004$0.00
- 2003$0.00
- 2002$0.00
- 2001$0.00
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$0.00
Buybacks vs stock-based compensation for Ciena (CIEN)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 1.27×.
Buybacks vs dividends (share of cash returned) for Ciena (CIEN)
How Ciena splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Ciena, ranked by their latest buyback spend.
| $90.71B | |
| $40.09B | |
| $18.42B | |
| $6.65B | |
| $6.31B | |
| $1.32B | |
| $0.00 | |
| $0.00 |
- $90.71B
- $40.09B
- $18.42B
- $6.65B
- $6.31B
- $1.32B
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $832.66M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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