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Side-by-side financial comparison of CIENA CORP (CIEN) and monday.com Ltd. (MNDY). Click either name above to swap in a different company.
CIENA CORP is the larger business by last-quarter revenue ($1.2B vs $704.0M, roughly 1.7× monday.com Ltd.). CIENA CORP runs the higher net margin — 4.1% vs 1.3%, a 2.8% gap on every dollar of revenue. monday.com Ltd. produced more free cash flow last quarter ($224.6M vs $134.6M).
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).
Monday.com Ltd. is an Israeli-based cloud-based platform that allows users to create their own applications and project management software. The product was launched in 2014 and in July 2019, the company raised $150 million, based on a $1.9 billion valuation. The company went public in June 2021 and is based in Tel Aviv, Israel.
CIEN vs MNDY — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $704.0M |
| Net Profit | $50.3M | $9.4M |
| Gross Margin | 41.3% | 89.6% |
| Operating Margin | 6.0% | -4.4% |
| Net Margin | 4.1% | 1.3% |
| 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 | $704.0M | ||
| Q2 25 | $1.1B | $453.0M | ||
| Q1 25 | $1.1B | $216.9M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $942.3M | $527.1M | ||
| Q2 24 | $910.8M | $337.9M | ||
| Q1 24 | $1.0B | $162.3M | ||
| Q4 23 | $1.1B | — |
| Q3 25 | $50.3M | $9.4M | ||
| Q2 25 | $9.0M | $21.4M | ||
| Q1 25 | $44.6M | $7.1M | ||
| Q4 24 | $37.0M | — | ||
| Q3 24 | $14.2M | $-14.2M | ||
| Q2 24 | $-16.8M | $-21.7M | ||
| Q1 24 | $49.5M | $-14.7M | ||
| Q4 23 | $91.2M | — |
| Q3 25 | 41.3% | 89.6% | ||
| Q2 25 | 40.2% | 89.6% | ||
| Q1 25 | 44.0% | 89.2% | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 42.9% | 89.0% | ||
| Q2 24 | 42.7% | 89.2% | ||
| Q1 24 | 45.0% | 89.5% | ||
| Q4 23 | 43.1% | — |
| Q3 25 | 6.0% | -4.4% | ||
| Q2 25 | 2.9% | -0.7% | ||
| Q1 25 | 7.5% | -2.3% | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 2.8% | -7.1% | ||
| Q2 24 | -0.4% | -10.3% | ||
| Q1 24 | 8.2% | -14.0% | ||
| Q4 23 | 8.1% | — |
| Q3 25 | 4.1% | 1.3% | ||
| Q2 25 | 0.8% | 4.7% | ||
| Q1 25 | 4.2% | 3.3% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 1.5% | -2.7% | ||
| Q2 24 | -1.8% | -6.4% | ||
| Q1 24 | 4.8% | -9.0% | ||
| 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 | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.8B | $1.0B |
| Total Assets | $5.7B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $1.4B | $1.1B | ||
| Q4 23 | $1.1B | — |
| Q3 25 | $2.8B | $1.0B | ||
| Q2 25 | $2.8B | $1.2B | ||
| Q1 25 | $2.8B | $1.0B | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.9B | $813.5M | ||
| Q2 24 | $2.9B | $910.1M | ||
| Q1 24 | $2.9B | $813.5M | ||
| Q4 23 | $2.8B | — |
| Q3 25 | $5.7B | $1.7B | ||
| Q2 25 | $5.7B | $2.0B | ||
| Q1 25 | $5.6B | $1.7B | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $5.6B | $1.3B | ||
| Q2 24 | $5.6B | $1.5B | ||
| Q1 24 | $5.6B | $1.3B | ||
| 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 | $234.4M |
| Free Cash FlowOCF − Capex | $134.6M | $224.6M |
| FCF MarginFCF / Revenue | 11.0% | 31.9% |
| Capex IntensityCapex / Revenue | 3.3% | 1.4% |
| Cash ConversionOCF / Net Profit | 3.47× | 25.02× |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | $608.3M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $174.3M | $234.4M | ||
| Q2 25 | $156.9M | $147.7M | ||
| Q1 25 | $103.7M | $92.0M | ||
| Q4 24 | $349.4M | — | ||
| Q3 24 | $-159.4M | $156.9M | ||
| Q2 24 | $58.5M | $90.3M | ||
| Q1 24 | $266.1M | $42.7M | ||
| Q4 23 | $195.5M | — |
| Q3 25 | $134.6M | $224.6M | ||
| Q2 25 | $128.2M | $141.8M | ||
| Q1 25 | $76.8M | $90.5M | ||
| Q4 24 | $265.8M | — | ||
| Q3 24 | $-179.0M | $151.4M | ||
| Q2 24 | $41.6M | $85.6M | ||
| Q1 24 | $249.5M | $39.2M | ||
| Q4 23 | $172.7M | — |
| Q3 25 | 11.0% | 31.9% | ||
| Q2 25 | 11.4% | 31.3% | ||
| Q1 25 | 7.2% | 41.7% | ||
| Q4 24 | 23.6% | — | ||
| Q3 24 | -19.0% | 28.7% | ||
| Q2 24 | 4.6% | 25.3% | ||
| Q1 24 | 24.0% | 24.1% | ||
| Q4 23 | 15.3% | — |
| Q3 25 | 3.3% | 1.4% | ||
| Q2 25 | 2.6% | 1.3% | ||
| Q1 25 | 2.5% | 0.7% | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 2.1% | 1.0% | ||
| Q2 24 | 1.9% | 1.4% | ||
| Q1 24 | 1.6% | 2.2% | ||
| Q4 23 | 2.0% | — |
| Q3 25 | 3.47× | 25.02× | ||
| Q2 25 | 17.50× | 6.91× | ||
| Q1 25 | 2.33× | 12.99× | ||
| 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% |
MNDY
Segment breakdown not available.
