CIEN Stock Analysis: Ciena | NYSE
Communication Equipment | NYSE, USA | Market Cap: 50.613m USD | 12M Return: 156.4% | US1717793095 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 913M
EPS Trend: 41.9%
Qual. Beats: 2
Rev. Trend: 79.9%
Qual. Beats: 7
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Ciena Corporation (NYSE: CIEN) is a U.S.-based network technology company headquartered in Hanover, Maryland, that designs and sells hardware, software, and services to network operators across the Americas, Europe, the Middle East, Africa, Asia Pacific, Japan, and India. Founded in 1992 and listed on the NYSE since 1997, Ciena operates within the Communications Equipment sub-industry of the Information Technology sector, supplying infrastructure that underpins telecommunications and data networks worldwide.
The company operates through four reportable segments: Networking Platforms (optical networking, routing, and switching products such as the 6500 Packet-Optical Platform, Waveserver, and 8100 Coherent Routing platforms), Platform Software and Services (network control software and related support), Blue Planet Automation Software and Services (orchestration, analytics, and automation tools), and Global Services (advisory, implementation, and maintenance). Cienas portfolio spans the full networking stack, from physical-layer optical transport to software-defined networking and automation, positioning it as a supplier to telecom carriers, cable operators, and large-scale data center and cloud operators.
- AI hyperscaler capex surge lifts optical networking orders
- Telecom 5G fiber upgrades drive Networking Platforms revenue
- Coherent optics pricing pressure compresses margins against Cisco and Nokia
| Net Income: 654.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -3.20 > 1.0 |
| NWC/Revenue: 64.39% < 20% (prev 56.43%; Δ 7.96% < -1%) |
| CFO/TA 0.13 > 3% & CFO 1.05b > Net Income 654.4m |
| Net Debt (668.1m) to EBITDA (971.6m): 0.69 < 3 |
| Current Ratio: 3.80 > 1.5 & < 3 |
| Outstanding Shares: last quarter (146.0m) vs 12m ago 1.02% < -2% |
| Gross Margin: 44.07% > 18% (prev 41.57%; Δ 2.51% > 0.5%) |
| Asset Turnover: 87.60% > 50% (prev 79.00%; Δ 8.60% > 0%) |
| Interest Coverage Ratio: 11.08 > 6 (EBIT TTM 774.7m / Interest Expense TTM 69.9m) |
| A: 0.48 (Total Current Assets 5.26b - Total Current Liabilities 1.39b) / Total Assets 8.00b |
| B: -0.32 (Retained Earnings -2.54b / Total Assets 8.00b) |
| C: 0.11 (EBIT TTM 774.7m / Avg Total Assets 6.87b) |
| D: 0.62 (Book Value of Equity 3.06b / Total Liabilities 4.94b) |
| Altman-Z'' = 3.55 = A |
| DSRI: 0.78 (Receivables 1.23b/1.19b, Revenue 6.02b/4.54b) |
| GMI: 0.94 (GM 41.57% / 44.07%) |
| AQI: 0.96 (AQ_t 0.34 / AQ_t-1 0.35) |
| SGI: 1.33 (Revenue 6.02b / 4.54b) |
| TATA: -0.05 (NI 654.4m - CFO 1.05b) / TA 8.00b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of October 03, 2026, the stock is trading at USD 391.34 with a total of 2,516,605 shares traded. Over the past week, the price has changed by +9.65%, over one month by +10.50%, over three months by -7.37% and over the past year by +156.35%.
Current recommended Stop Loss: 347.50 (which is 11.2% or 2 ATR below the current price).
Ciena has received a consensus analysts rating of 4.13. Therefore, it is recommended to buy CIEN.
- StrongBuy: 7
- Buy: 4
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 516.8 | 32.1% |
P/E Trailing = 80.0247
P/E Forward = 39.8406
P/S = 8.4062
P/B = 15.9705
P/EG = 0.5679
Revenue TTM = 6.02b USD
EBIT TTM = 774.7m USD
EBITDA TTM = 971.6m USD
Long Term Debt = 3.23b USD (from longTermDebt, last quarter)
Short Term Debt = 12.3m USD (from shortTermDebt, last quarter)
Debt = 3.30b USD (corrected: LT Debt 3.23b + ST Debt 12.3m) + Leases 56.0m
Net Debt = 668.1m USD (calculated: Debt 3.30b - CCE 2.63b)
Enterprise Value = 51.3b USD (50.6b + Debt 3.30b - CCE 2.63b)
Interest Coverage Ratio = 11.08 (Ebit TTM 774.7m / Interest Expense TTM 69.9m)
EV/FCF = 71.32x (Enterprise Value 51.3b / FCF TTM 719.0m)
FCF Yield = 1.40% (FCF TTM 719.0m / Enterprise Value 51.3b)
FCF Margin = 11.94% (FCF TTM 719.0m / Revenue TTM 6.02b)
Net Margin = 10.87% (Net Income TTM 654.4m / Revenue TTM 6.02b)
Gross Margin = 44.07% ((Revenue TTM 6.02b - Cost of Revenue TTM 3.37b) / Revenue TTM)
Gross Margin QoQ = 45.43% (prev 44.03%)
Tobins Q-Ratio = 6.41 (Enterprise Value 51.3b / Total Assets 8.00b)
Interest Expense / Debt = 2.12% (Interest Expense 69.9m / Debt 3.30b)
Taxrate = 9.82% (71.2m / 725.7m)
NOPAT = 698.6m (EBIT 774.7m * (1 - 9.82%))
Current Ratio = 3.80 (Total Current Assets 5.26b / Total Current Liabilities 1.39b)
Debt / Equity = 1.08 (Debt 3.30b / totalStockholderEquity, last quarter 3.06b)
Debt / EBITDA = 0.69 (Net Debt 668.1m / EBITDA 971.6m)
Debt / FCF = 0.93 (Net Debt 668.1m / FCF TTM 719.0m)
Total Stockholder Equity = 2.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.52% (Net Income 654.4m / Total Assets 8.00b)
RoE = 22.82% (Net Income TTM 654.4m / Total Stockholder Equity 2.87b)
RoCE = 12.70% (EBIT 774.7m / Capital Employed (Equity 2.87b + L.T.Debt 3.23b))
RoIC = 11.05% (NOPAT 698.6m / Invested Capital 6.32b)
WACC = 14.80% (E(50.6b)/V(53.9b) * Re(15.64%) + D(3.30b)/V(53.9b) * Rd(2.12%) * (1-Tc(0.10)))
Discount Rate = 15.64% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 42.52 | Cagr: 0.32%
[DCF] Terminal Value 56.76% ; FCFF base≈711.7m ; Y1≈730.1m ; Y5≈807.0m
[DCF] Fair Price = 37.19 (EV 5.94b - Net Debt 668.1m = Equity 5.27b / Shares 141.8m; r=14.80% [WACC]; 5y FCF grow 2.59% → 2.50% )
EPS Correlation: 41.94 | EPS CAGR: 35.84% | SUE: 1.79 | # QB: 2
Revenue Correlation: 79.95 | Revenue CAGR: 12.32% | SUE: 1.81 | # QB: 7
EPS current Quarter (2027-01-31): EPS=2.36 | Chg30d=+18.27% | Revisions=+81% | Analysts=14
EPS current Year (2026-10-31): EPS=7.17 | Chg30d=+9.49% | Revisions=+84% | GrowthEPS=+171.5% | GrowthRev=+34.7%
EPS next Year (2027-10-31): EPS=10.24 | Chg30d=+26.62% | Revisions=+70% | GrowthEPS=+76.5% | GrowthRev=+30.7%
[Analyst] Revisions Ratio: +92% (up=36, down=0)