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Side-by-side financial comparison of CIENA CORP (CIEN) and Global-E Online Ltd. (GLBE). Click either name above to swap in a different company.
CIENA CORP is the larger business by last-quarter revenue ($1.2B vs $625.5M, roughly 1.9× Global-E Online Ltd.). CIENA CORP runs the higher net margin — 4.1% vs 0.9%, a 3.2% gap on every dollar of revenue.
Ciena Corporation is an American optical networking systems and software company based in Hanover, Maryland. The company has been described as a vital player in optical connectivity. The company reported revenues of $4.8 billion and more than 9,000 employees, as of November 2025. Gary Smith serves as president and chief executive officer (CEO).
Global-E Online Ltd. operates a leading cross-border e-commerce enablement platform that helps direct-to-consumer brands and retail enterprises expand their international sales reach. It offers end-to-end services including localized checkout, payment processing, customs clearance, logistics coordination, and duty calculation, serving clients across North America, Europe, and the Asia-Pacific region.
CIEN vs GLBE — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $625.5M |
| Net Profit | $50.3M | $5.8M |
| Gross Margin | 41.3% | 45.0% |
| Operating Margin | 6.0% | 1.3% |
| Net Margin | 4.1% | 0.9% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.35 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q3 25 | $1.2B | $625.5M | ||
| Q2 25 | $1.1B | $404.8M | ||
| Q1 25 | $1.1B | $189.9M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $942.3M | $489.9M | ||
| Q2 24 | $910.8M | $313.9M | ||
| Q1 24 | $1.0B | $145.9M | ||
| Q4 23 | $1.1B | — |
| Q3 25 | $50.3M | $5.8M | ||
| Q2 25 | $9.0M | $-7.4M | ||
| Q1 25 | $44.6M | — | ||
| Q4 24 | $37.0M | — | ||
| Q3 24 | $14.2M | $-77.1M | ||
| Q2 24 | $-16.8M | $-54.5M | ||
| Q1 24 | $49.5M | — | ||
| Q4 23 | $91.2M | — |
| Q3 25 | 41.3% | 45.0% | ||
| Q2 25 | 40.2% | 44.9% | ||
| Q1 25 | 44.0% | 44.3% | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 42.9% | 45.1% | ||
| Q2 24 | 42.7% | 44.8% | ||
| Q1 24 | 45.0% | 43.4% | ||
| Q4 23 | 43.1% | — |
| Q3 25 | 6.0% | 1.3% | ||
| Q2 25 | 2.9% | -2.1% | ||
| Q1 25 | 7.5% | -10.1% | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 2.8% | -14.9% | ||
| Q2 24 | -0.4% | -16.6% | ||
| Q1 24 | 8.2% | -20.1% | ||
| Q4 23 | 8.1% | — |
| Q3 25 | 4.1% | 0.9% | ||
| Q2 25 | 0.8% | -1.8% | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 1.5% | -15.7% | ||
| Q2 24 | -1.8% | -17.4% | ||
| Q1 24 | 4.8% | — | ||
| Q4 23 | 8.1% | — |
| Q3 25 | $0.35 | — | ||
| Q2 25 | $0.06 | — | ||
| Q1 25 | $0.31 | — | ||
| Q4 24 | $0.26 | — | ||
| Q3 24 | $0.10 | — | ||
| Q2 24 | $-0.12 | — | ||
| Q1 24 | $0.34 | — | ||
| Q4 23 | $0.62 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $251.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.8B | $933.0M |
| Total Assets | $5.7B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $1.3B | $251.4M | ||
| Q2 25 | $1.3B | $205.2M | ||
| Q1 25 | $1.2B | $207.7M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.1B | $207.3M | ||
| Q2 24 | $1.3B | $229.8M | ||
| Q1 24 | $1.4B | $181.9M | ||
| Q4 23 | $1.1B | — |
| Q3 25 | $2.8B | $933.0M | ||
| Q2 25 | $2.8B | $909.1M | ||
| Q1 25 | $2.8B | $884.3M | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.9B | $869.4M | ||
| Q2 24 | $2.9B | $878.7M | ||
| Q1 24 | $2.9B | $886.9M | ||
| Q4 23 | $2.8B | — |
| Q3 25 | $5.7B | $1.3B | ||
| Q2 25 | $5.7B | $1.2B | ||
| Q1 25 | $5.6B | $1.2B | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $5.6B | $1.2B | ||
| Q2 24 | $5.6B | $1.1B | ||
| Q1 24 | $5.6B | $1.1B | ||
| Q4 23 | $5.6B | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $174.3M | — |
| Free Cash FlowOCF − Capex | $134.6M | — |
| FCF MarginFCF / Revenue | 11.0% | — |
| Capex IntensityCapex / Revenue | 3.3% | — |
| Cash ConversionOCF / Net Profit | 3.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $174.3M | — | ||
| Q2 25 | $156.9M | — | ||
| Q1 25 | $103.7M | — | ||
| Q4 24 | $349.4M | — | ||
| Q3 24 | $-159.4M | — | ||
| Q2 24 | $58.5M | — | ||
| Q1 24 | $266.1M | — | ||
| Q4 23 | $195.5M | — |
| Q3 25 | $134.6M | — | ||
| Q2 25 | $128.2M | — | ||
| Q1 25 | $76.8M | — | ||
| Q4 24 | $265.8M | — | ||
| Q3 24 | $-179.0M | — | ||
| Q2 24 | $41.6M | — | ||
| Q1 24 | $249.5M | — | ||
| Q4 23 | $172.7M | — |
| Q3 25 | 11.0% | — | ||
| Q2 25 | 11.4% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 23.6% | — | ||
| Q3 24 | -19.0% | — | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 24.0% | — | ||
| Q4 23 | 15.3% | — |
| Q3 25 | 3.3% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 1.6% | — | ||
| Q4 23 | 2.0% | — |
| Q3 25 | 3.47× | — | ||
| Q2 25 | 17.50× | — | ||
| Q1 25 | 2.33× | — | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | -11.20× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 5.37× | — | ||
| Q4 23 | 2.14× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIEN
| Optical Networking | $815.5M | 67% |
| Routing And Switching | $125.9M | 10% |
| Platform Softwareand Services Segment | $90.0M | 7% |
| Maintenance Support And Training | $80.7M | 7% |
| Installation And Deployment | $65.9M | 5% |
| Blue Planet Automation Softwareand Services Segment | $27.8M | 2% |
| Consulting And Network Design | $13.6M | 1% |
GLBE
Segment breakdown not available.
