Overview Dividends

(CIEN) Ciena - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US1717793095

Hardware, Software, Services

CIEN EPS (Earnings per Share)

EPS Growth (3Y CAGR): 3.47%
EPS Trend (3Y Correlation): -29.5%

CIEN Revenue

Revenue Growth (3Y CAGR): 8.64%
Revenue Trend (3Y Correlation): 33.6%

Description: CIEN Ciena October 16, 2025

Ciena Corp (NYSE:CIEN) is a global network-technology provider that designs, manufactures, and services hardware, software, and managed solutions for carriers, cloud operators, and enterprises across the Americas, EMEA, APAC, Japan, and India.

The company is organized into four operating segments: Networking Platforms (coherent optical transport, packet-optical platforms such as the 6500, 5400, and 8100 families, and SD-Edge/PON solutions); Platform Software & Services (Navigator control suite, OneControl management, and planning tools); Blue Planet Automation (inventory, multi-domain orchestration, multi-cloud integration, and analytics); and Global Services (maintenance, deployment, training, and consulting).

In FY 2023 Ciena generated $4.2 billion in revenue, up 7 % YoY, with an operating margin of roughly 14 % and free cash flow conversion of 85 %-metrics that underscore its ability to monetize high-margin software and services while sustaining capital-intensive hardware sales.

Key industry drivers include accelerating 5G rollout, the surge in data-center interconnect demand, and the broader shift toward open-optical and disaggregated networking architectures, which together are projected to lift the global optical networking market at a CAGR of ~10 % through 2028.

Analysts watch Ciena’s exposure to telecom-capex cycles and its progress in expanding software-defined networking subscriptions, as a slowdown in carrier spending could pressure the hardware-heavy Networking Platforms segment.

For a deeper, data-driven assessment of Ciena’s valuation and risk profile, you may find the ValueRay platform’s analyst notes and scenario models worth exploring.

CIEN Stock Overview

Market Cap in USD	23,846m
Sub-Industry	Communications Equipment
IPO / Inception	1997-02-07

CIEN Stock Ratings

Growth Rating	74.1%
Fundamental	56.0%
Dividend Rating	-
Return 12m vs S&P 500	137%
Analyst Rating	4.13 of 5

CIEN Dividends

Currently no dividends paid

CIEN Growth Ratios

Growth Correlation 3m	92.9%
Growth Correlation 12m	60.1%
Growth Correlation 5y	30.2%
CAGR 5y	55.45%
CAGR/Max DD 3y (Calmar Ratio)	1.22
CAGR/Mean DD 3y (Pain Ratio)	4.27
Sharpe Ratio 12m	2.10
Alpha	151.13
Beta	1.152
Volatility	48.39%
Current Volume	1733.6k
Average Volume 20d	2318.6k
Stop Loss	168.6 (-5.8%)
Signal	1.72

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (140.9m TTM) > 0 and > 6% of Revenue (6% = 272.5m TTM)

FCFTA 0.12 (>2.0%) and ΔFCFTA 7.13pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 56.43% (prev 66.36%; Δ -9.93pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.14 (>3.0%) and CFO 784.4m > Net Income 140.9m (YES >=105%, WARN >=100%)

Net Debt (-799.2m) to EBITDA (428.9m) ratio: -1.86 <= 3.0 (WARN <= 3.5)

Current Ratio 3.28 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (144.5m) change vs 12m ago -0.59% (target <= -2.0% for YES)

Gross Margin 39.50% (prev 40.31%; Δ -0.81pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 80.21% (prev 72.11%; Δ 8.10pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.08 (EBITDA TTM 428.9m / Interest Expense TTM 94.8m) >= 6 (WARN >= 3)

Altman Z'' 0.32

(A) 0.45 = (Total Current Assets 3.69b - Total Current Liabilities 1.12b) / Total Assets 5.75b

(B) -0.55 = Retained Earnings (Balance) -3.19b / Total Assets 5.75b

(D) -1.09 = Book Value of Equity -3.23b / Total Liabilities 2.96b

Total Rating: 0.32 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 56.02

1. Piotroski 5.50pt = 0.50

2. FCF Yield 3.08% = 1.54

3. FCF Margin 15.43% = 3.86

4. Debt/Equity 0.09 = 2.50

5. Debt/Ebitda -1.86 = 2.50

6. ROIC - WACC (= -5.07)% = -6.34

7. RoE 5.04% = 0.42

8. Rev. Trend 33.60% = 2.52

9. EPS Trend -29.47% = -1.47

What is the price of CIEN shares?

As of October 27, 2025, the stock is trading at USD 179.05 with a total of 1,733,589 shares traded.
Over the past week, the price has changed by +3.43%, over one month by +26.15%, over three months by +97.74% and over the past year by +179.37%.

Is Ciena a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Ciena is currently (October 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 56.02 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CIEN is around 188.77 USD . This means that CIEN is currently overvalued and has a potential downside of 5.43%.

Is CIEN a buy, sell or hold?

Ciena has received a consensus analysts rating of 4.13. Therefore, it is recommended to buy CIEN.

Strong Buy: 7
Buy: 4
Hold: 5
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the CIEN price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	139.3	-22.2%
Analysts Target Price	139.3	-22.2%
ValueRay Target Price	213.7	19.4%

CIEN Fundamental Data Overview October 17, 2025

Market Cap USD = 23.85b (23.85b USD * 1.0 USD.USD)
P/E Trailing = 173.9278
P/E Forward = 39.3701
P/S = 5.2505
P/B = 7.7256
P/EG = 0.77
Beta = 1.152
Revenue TTM = 4.54b USD
EBIT TTM = 292.1m USD
EBITDA TTM = 428.9m USD
Long Term Debt = 1.53b USD (from longTermDebt, last quarter)
Short Term Debt = 26.3m USD (from shortTermDebt, last quarter)
Debt = 256.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -799.2m USD (from netDebt column, last quarter)
Enterprise Value = 22.78b USD (23.85b + Debt 256.7m - CCE 1.33b)
Interest Coverage Ratio = 3.08 (Ebit TTM 292.1m / Interest Expense TTM 94.8m)
FCF Yield = 3.08% (FCF TTM 700.8m / Enterprise Value 22.78b)
FCF Margin = 15.43% (FCF TTM 700.8m / Revenue TTM 4.54b)
Net Margin = 3.10% (Net Income TTM 140.9m / Revenue TTM 4.54b)
Gross Margin = 39.50% ((Revenue TTM 4.54b - Cost of Revenue TTM 2.75b) / Revenue TTM)
Gross Margin QoQ = 41.26% (prev 37.41%)
Tobins Q-Ratio = 3.96 (Enterprise Value 22.78b / Total Assets 5.75b)
Interest Expense / Debt = 8.88% (Interest Expense 22.8m / Debt 256.7m)
Taxrate = 23.57% (15.5m / 65.8m)
NOPAT = 223.3m (EBIT 292.1m * (1 - 23.57%))
Current Ratio = 3.28 (Total Current Assets 3.69b / Total Current Liabilities 1.12b)
Debt / Equity = 0.09 (Debt 256.7m / totalStockholderEquity, last quarter 2.79b)
Debt / EBITDA = -1.86 (Net Debt -799.2m / EBITDA 428.9m)
Debt / FCF = -1.14 (Net Debt -799.2m / FCF TTM 700.8m)
Total Stockholder Equity = 2.79b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.45% (Net Income 140.9m / Total Assets 5.75b)
RoE = 5.04% (Net Income TTM 140.9m / Total Stockholder Equity 2.79b)
RoCE = 6.76% (EBIT 292.1m / Capital Employed (Equity 2.79b + L.T.Debt 1.53b))
RoIC = 5.15% (NOPAT 223.3m / Invested Capital 4.33b)
WACC = 10.22% (E(23.85b)/V(24.10b) * Re(10.26%) + D(256.7m)/V(24.10b) * Rd(8.88%) * (1-Tc(0.24)))
Discount Rate = 10.26% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.15%
[DCF Debug] Terminal Value 61.16% ; FCFE base≈533.4m ; Y1≈350.2m ; Y5≈160.1m
Fair Price DCF = 16.13 (DCF Value 2.28b / Shares Outstanding 141.3m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -29.47 | EPS CAGR: 3.47% | SUE: 1.16 | # QB: 1
Revenue Correlation: 33.60 | Revenue CAGR: 8.64% | SUE: 4.0 | # QB: 2

Additional Sources for CIEN Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle