(CIEN) Ciena - Overview

Sector: Technology | Industry: Communication Equipment | Exchange: NYSE (USA) | Market Cap: 68.946m USD | Total Return: 749.9% in 12m

Networking Hardware, Software, Network Services, Automation
Total Rating 73
Safety 69
Buy Signal 2.04
Communication Equipment
Industry Rotation: +9.6
Market Cap: 68.9B
Avg Turnover: 1.33B USD
ATR: 6.85%
Peers RS (IBD): 94.8
Risk 5d forecast
Volatility78.7%
Rel. Tail Risk-13.2%
Reward TTM
Sharpe Ratio3.61
Alpha746.86
Character TTM
Beta1.959
Beta Downside1.784
Drawdowns 3y
Max DD45.51%
CAGR/Max DD2.52
EPS (Earnings per Share) EPS (Earnings per Share) of CIEN over the last years for every Quarter: "2021-04": 0.62, "2021-07": 0.92, "2021-10": 0.85, "2022-01": 0.47, "2022-04": 0.52, "2022-07": 0.33, "2022-10": 0.61, "2023-01": 0.64, "2023-04": 0.74, "2023-07": 0.59, "2023-10": 0.75, "2024-01": 0.66, "2024-04": 0.27, "2024-07": 0.35, "2024-10": 0.54, "2025-01": 0.64, "2025-04": 0.42, "2025-07": 0.67, "2025-10": 0.91, "2026-01": 1.35,
EPS CAGR: 28.97%
EPS Trend: 35.3%
Last SUE: 1.51
Qual. Beats: 3
Revenue Revenue of CIEN over the last years for every Quarter: 2021-04: 833.927, 2021-07: 988.141, 2021-10: 1041.486, 2022-01: 844.443, 2022-04: 949.227, 2022-07: 867.981, 2022-10: 971.01, 2023-01: 1056.521, 2023-04: 1132.655, 2023-07: 1067.886, 2023-10: 1129.487, 2024-01: 1037.709, 2024-04: 910.826, 2024-07: 942.308, 2024-10: 1124.112, 2025-01: 1072.26, 2025-04: 1125.878, 2025-07: 1219.385, 2025-10: 1351.984, 2026-01: 1427.042,
Rev. CAGR: 11.49%
Rev. Trend: 72.9%
Last SUE: 1.82
Qual. Beats: 4

Warnings

P/E ratio 312.4

Altman Z'' 0.24 < 1.0 - financial distress zone

Tailwinds

Supp Ema20 Pead Confidence

Description: CIEN Ciena

Ciena Corp (CIEN) is a global network-technology provider that sells hardware, software and services to telecom operators across the Americas, EMEA, APAC and Japan. Its business is organized into four segments: Networking Platforms (optical, routing and switching gear such as the 6500 Packet-Optical Platform and 8100 Coherent Routing); Platform Software and Services (Navigator control suite and related subscriptions); Blue Planet Automation Software and Services (orchestration, analytics and assurance tools); and Global Services (advisory, implementation and support).

In its latest quarter (Q4 2023), Ciena reported revenue of $1.12 billion, up 10% year-over-year, driven by strong demand for 5G-ready optical solutions and a record $8.3 billion order backlog. Operating margin expanded to 15.2%, reflecting higher software-subscription mix. The broader communications-equipment sector is benefitting from a 5% annual rise in global telecom capex, with carriers accelerating 5G rollouts and edge-computing investments-key tailwinds for Ciena’s product portfolio.

For a deeper dive into Ciena’s valuation and risk profile, you might explore the analysis on ValueRay.

Headlines to Watch Out For
  • Carrier spending on optical networks impacts CIEN revenue
  • Supply chain disruptions increase component costs
  • 5G buildouts drive demand for networking equipment
  • Competition from Cisco and Nokia pressures pricing
Piotroski VR‑10 (Strict) 7.0
Net Income: 229.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.13 > 0.02 and ΔFCF/TA 8.92 > 1.0
NWC/Revenue: 44.54% < 20% (prev 62.61%; Δ -18.06% < -1%)
CFO/TA 0.16 > 3% & CFO 930.0m > Net Income 229.0m
Net Debt (465.3m) to EBITDA (496.1m): 0.94 < 3
Current Ratio: 2.81 > 1.5 & < 3
Outstanding Shares: last quarter (145.8m) vs 12m ago -0.10% < -2%
Gross Margin: 40.64% > 18% (prev 0.40%; Δ 4.02k% > 0.5%)
Asset Turnover: 89.39% > 50% (prev 72.66%; Δ 16.72% > 0%)
Interest Coverage Ratio: 3.94 > 6 (EBITDA TTM 496.1m / Interest Expense TTM 87.7m)
Altman Z'' 0.24
A: 0.39 (Total Current Assets 3.54b - Total Current Liabilities 1.26b) / Total Assets 5.89b
B: -0.51 (Retained Earnings -3.02b / Total Assets 5.89b)
C: 0.06 (EBIT TTM 345.4m / Avg Total Assets 5.73b)
D: -0.99 (Book Value of Equity -3.06b / Total Liabilities 3.10b)
Altman-Z'' Score: 0.24 = B
Beneish M -3.00
DSRI: 0.94 (Receivables 1.11b/938.7m, Revenue 5.12b/4.05b)
GMI: 0.97 (GM 40.64% / 39.53%)
AQI: 1.06 (AQ_t 0.39 / AQ_t-1 0.37)
SGI: 1.27 (Revenue 5.12b / 4.05b)
TATA: -0.12 (NI 229.0m - CFO 930.0m) / TA 5.89b)
Beneish M-Score: -3.00 (Cap -4..+1) = A
What is the price of CIEN shares? As of April 12, 2026, the stock is trading at USD 496.02 with a total of 2,495,634 shares traded.
Over the past week, the price has changed by +14.22%, over one month by +47.03%, over three months by +111.74% and over the past year by +749.93%.
Is CIEN a buy, sell or hold? 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
What are the forecasts/targets for the CIEN price?
Analysts Target Price 340.9 -31.3%
Ciena (CIEN) - Fundamental Data Overview as of 11 April 2026
P/E Trailing = 312.4231
P/E Forward = 108.6957
P/S = 13.4548
P/B = 25.0155
P/EG = 2.0608
Revenue TTM = 5.12b USD
EBIT TTM = 345.4m USD
EBITDA TTM = 496.1m USD
Long Term Debt = 1.52b USD (from longTermDebt, last quarter)
Short Term Debt = 29.8m USD (from shortTermDebt, last quarter)
Debt = 1.59b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 465.3m USD (from netDebt column, last quarter)
Enterprise Value = 69.24b USD (68.95b + Debt 1.59b - CCE 1.30b)
Interest Coverage Ratio = 3.94 (Ebit TTM 345.4m / Interest Expense TTM 87.7m)
EV/FCF = 93.28x (Enterprise Value 69.24b / FCF TTM 742.2m)
FCF Yield = 1.07% (FCF TTM 742.2m / Enterprise Value 69.24b)
FCF Margin = 14.48% (FCF TTM 742.2m / Revenue TTM 5.12b)
Net Margin = 4.47% (Net Income TTM 229.0m / Revenue TTM 5.12b)
Gross Margin = 40.64% ((Revenue TTM 5.12b - Cost of Revenue TTM 3.04b) / Revenue TTM)
Gross Margin QoQ = 43.50% (prev 42.24%)
Tobins Q-Ratio = 11.75 (Enterprise Value 69.24b / Total Assets 5.89b)
Interest Expense / Debt = 1.34% (Interest Expense 21.3m / Debt 1.59b)
Taxrate = 17.02% (30.8m / 181.1m)
NOPAT = 286.6m (EBIT 345.4m * (1 - 17.02%))
Current Ratio = 2.81 (Total Current Assets 3.54b / Total Current Liabilities 1.26b)
Debt / Equity = 0.57 (Debt 1.59b / totalStockholderEquity, last quarter 2.79b)
Debt / EBITDA = 0.94 (Net Debt 465.3m / EBITDA 496.1m)
Debt / FCF = 0.63 (Net Debt 465.3m / FCF TTM 742.2m)
Total Stockholder Equity = 2.77b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.00% (Net Income 229.0m / Total Assets 5.89b)
RoE = 8.26% (Net Income TTM 229.0m / Total Stockholder Equity 2.77b)
RoCE = 8.04% (EBIT 345.4m / Capital Employed (Equity 2.77b + L.T.Debt 1.52b))
RoIC = 6.65% (NOPAT 286.6m / Invested Capital 4.31b)
WACC = 12.61% (E(68.95b)/V(70.54b) * Re(12.87%) + D(1.59b)/V(70.54b) * Rd(1.34%) * (1-Tc(0.17)))
Discount Rate = 12.87% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.06%
[DCF] Terminal Value 52.97% ; FCFF base≈527.4m ; Y1≈346.2m ; Y5≈158.3m
[DCF] Fair Price = 9.23 (EV 1.77b - Net Debt 465.3m = Equity 1.31b / Shares 141.4m; r=12.61% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 35.32 | EPS CAGR: 28.97% | SUE: 1.51 | # QB: 3
Revenue Correlation: 72.94 | Revenue CAGR: 11.49% | SUE: 1.82 | # QB: 4
EPS next Quarter (2026-07-31): EPS=1.57 | Chg7d=+0.000 | Chg30d=+0.192 | Revisions Net=+12 | Analysts=16
EPS current Year (2026-10-31): EPS=6.14 | Chg7d=+0.000 | Chg30d=+0.796 | Revisions Net=+15 | Growth EPS=+132.4% | Growth Revenue=+28.3%
EPS next Year (2027-10-31): EPS=8.25 | Chg7d=+0.032 | Chg30d=+1.388 | Revisions Net=+15 | Growth EPS=+34.5% | Growth Revenue=+20.2%
[Analyst] Revisions Ratio: +1.00 (12 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 12.5% (Discount Rate 12.9% - Earnings Yield 0.3%)
[Growth] Growth Spread = +14.4% (Analyst 26.9% - Implied 12.5%)
External Resources
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