(CIEN) Ciena - Overview
Sector: Technology | Industry: Communication Equipment | Exchange: NYSE (USA) | Market Cap: 82.305m USD | Total Return: 538.5% in 12m
Avg Turnover: 1.18B
EPS Trend: -42.7%
Qual. Beats: 0
Rev. Trend: 64.6%
Qual. Beats: 5
Warnings
P/E ratio 370.8
Tailwinds
Supp Ema20, Rs Leader, Idiosyncratic Leader, Tailwind, Pullback 52w
Ciena Corporation (NYSE: CIEN) is a global provider of networking hardware, software, and services catering to telecommunications providers and enterprise network operators. The company’s core business involves optical networking, routing, and switching technologies, supported by its Blue Planet automation software and comprehensive lifecycle services. Based in Hanover, Maryland, Ciena maintains a diverse geographic footprint across the Americas, EMEA, and Asia-Pacific regions.
The company operates within the communication equipment sector, a capital-intensive industry driven by the increasing demand for bandwidth and the transition to cloud-based architectures. Ciena’s business model focuses on high-capacity packet-optical platforms and coherent routing, which are essential for managing large-scale data traffic and 5G network backhaul. This sector often experiences cyclical demand patterns as major service providers undergo multi-year infrastructure upgrade cycles.
Investors can evaluate the company’s valuation metrics and historical performance trends by exploring ValueRay. Detailed technical specifications for Ciena’s 6500 and 8100 series platforms further define its competitive position against other networking equipment manufacturers.
- Hyperscale data center demand for 800G optical networking hardware drives revenue growth
- Service provider inventory digestion cycles impact short-term networking platform sales volume
- Expansion into coherent routing and switching markets diversifies core optical revenue
- AI infrastructure buildouts accelerate high-speed interconnect and modular system deployments
- Global supply chain stability and component costs dictate gross margin performance
| 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 62.12%; Δ -17.58% < -1%) |
| CFO/TA 0.16 > 3% & CFO 930.0m > Net Income 229.0m |
| Net Debt (341.3m) to EBITDA (509.1m): 0.67 < 3 |
| Current Ratio: 2.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (145.8m) vs 12m ago -0.10% < -2% |
| Gross Margin: 42.13% > 18% (prev 42.63%; Δ -0.51% > 0.5%) |
| Asset Turnover: 89.39% > 50% (prev 73.23%; Δ 16.16% > 0%) |
| Interest Coverage Ratio: 4.00 > 6 (EBIT TTM 358.4m / Interest Expense TTM 89.6m) |
| 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 358.4m / Avg Total Assets 5.73b) |
| D: 0.90 (Book Value of Equity 2.79b / Total Liabilities 3.10b) |
| Altman-Z'' = 2.24 = BBB |
| DSRI: 0.94 (Receivables 1.11b/938.7m, Revenue 5.12b/4.08b) |
| GMI: 1.01 (GM 42.63% / 42.13%) |
| AQI: 1.06 (AQ_t 0.39 / AQ_t-1 0.37) |
| SGI: 1.26 (Revenue 5.12b / 4.08b) |
| TATA: -0.12 (NI 229.0m - CFO 930.0m) / TA 5.89b) |
| Beneish M = -2.85 (Cap -4..+1) = A |
As of June 05, 2026, the stock is trading at USD 535.63 with a total of 7,603,475 shares traded.
Over the past week, the price has changed by -6.06%,
over one month by -0.53%,
over three months by +55.91% and
over the past year by +538.49%.
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 | 457.9 | -14.5% |
P/E Trailing = 370.7516
P/E Forward = 128.2051
P/S = 16.0618
P/B = 29.4752
P/EG = 2.4282
Revenue TTM = 5.12b USD
EBIT TTM = 358.4m USD
EBITDA TTM = 509.1m USD
Long Term Debt = 1.52b USD (from longTermDebt, last quarter)
Short Term Debt = 29.8m USD (from shortTermDebt, last quarter)
Debt = 1.64b USD (from shortLongTermDebtTotal, last quarter) + Leases 52.3m
Net Debt = 341.3m USD (calculated: Debt 1.64b - CCE 1.30b)
Enterprise Value = 82.6b USD (82.3b + Debt 1.64b - CCE 1.30b)
Interest Coverage Ratio = 4.00 (Ebit TTM 358.4m / Interest Expense TTM 89.6m)
EV/FCF = 111.4x (Enterprise Value 82.6b / FCF TTM 742.2m)
FCF Yield = 0.90% (FCF TTM 742.2m / Enterprise Value 82.6b)
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 = 42.13% ((Revenue TTM 5.12b - Cost of Revenue TTM 2.97b) / Revenue TTM)
Gross Margin QoQ = 43.83% (prev 42.69%)
Tobins Q-Ratio = 14.03 (Enterprise Value 82.6b / Total Assets 5.89b)
Interest Expense / Debt = 5.46% (Interest Expense 89.6m / Debt 1.64b)
Taxrate = 14.79% (39.8m / 268.8m)
NOPAT = 305.4m (EBIT 358.4m * (1 - 14.79%))
Current Ratio = 2.81 (Total Current Assets 3.54b / Total Current Liabilities 1.26b)
Debt / Equity = 0.59 (Debt 1.64b / totalStockholderEquity, last quarter 2.79b)
Debt / EBITDA = 0.67 (Net Debt 341.3m / EBITDA 509.1m)
Debt / FCF = 0.46 (Net Debt 341.3m / 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 = 8.34% (EBIT 358.4m / Capital Employed (Equity 2.77b + L.T.Debt 1.52b))
RoIC = 6.93% (NOPAT 305.4m / Invested Capital 4.41b)
WACC = 13.09% (E(82.3b)/V(83.9b) * Re(13.26%) + D(1.64b)/V(83.9b) * Rd(5.46%) * (1-Tc(0.15)))
Discount Rate = 13.26% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -24.44 | Cagr: -0.63%
[DCF] Terminal Value 64.21% ; FCFF base≈527.4m ; Y1≈604.5m ; Y5≈889.7m
[DCF] Fair Price = 48.85 (EV 7.25b - Net Debt 341.3m = Equity 6.91b / Shares 141.4m; r=13.09% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -42.71 | EPS CAGR: -17.24% | SUE: -0.70 | # QB: 0
Revenue Correlation: 64.57 | Revenue CAGR: 5.44% | SUE: 1.79 | # QB: 5
EPS current Quarter (2026-07-31): EPS=1.58 | Chg30d=+0.24% | Revisions=+14% | Analysts=16
EPS current Year (2026-10-31): EPS=6.24 | Chg30d=+1.56% | Revisions=+25% | GrowthEPS=+136.5% | GrowthRev=+29.6%
EPS next Year (2027-10-31): EPS=8.76 | Chg30d=+3.70% | Revisions=+50% | GrowthEPS=+40.4% | GrowthRev=+23.2%
[Analyst] Revisions Ratio: +50%