We investigate the asymptotic dynamics of quantum networks under repeated applications of random unitary operations. It is shown that in the asymptotic limit of large numbers of iterations this dynamics is generally governed by a typically low dimensional attractor space. This space is determined completely by the unitary operations involved and it is independent of the probabilities with which these unitary operations are applied. Based on this general feature analytical results are presented for the asymptotic dynamics of arbitrarily large cyclic qubit networks whose nodes are coupled by randomly applied controlled-NOT operations.