Stock · CIEN · Technology
United States · Large Cap · listed since 1997 · Revenue 12 mo. $6B
Price as of 11/06/2026
Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India.
Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. It operates through Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services segments. The Networking Platforms segment consists optical networking, routing, and switching products and services. This segment products include the 6500 Packet-Optical Platform, Waveserver modular interconnect system, the 6500 Reconfigurable Line System, and coherent pluggable transceivers; and the 3000 family of service delivery platforms and the 5000 family of service aggregation, as well as the 8100 Coherent Routing platforms and virtualization software. The Platform Software and Services segment offers navigator network control suite; and software subscription services, consulting, network migration and integration, installation and upgrade support services, and technical support solutions. The Blue Planet Automation Software and Services segment inventory management, orchestration, route optimization and analysis, and unified assurance and analytics software; and sells subscription, installation, support, consulting, and design services related to the Blue Planet automation platform. The Global Services segment provides services for advisory and enablement, implementation, and maintenance, support, and learning activities. Ciena Corporation was incorporated in 1992 and is headquartered in Fulton, Maryland.
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Summary
30.5 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €597M (2025), it supports €6.6B. The remaining €33.6B of the market value assume it grows 25.2% a year for 10 years and not at all afterwards.
Required FCF growth per year
25.2%
no growth afterwards
Price to operating cash flow 33.7×, within its usual range.
Middle half of 16 quarters: 21.5× to 43.8×, median 25.6×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
Since the last quarter
Q2 → Q3 2026
2 more unchanged: FCF, 12 mo., Shares outstanding
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 4.52% | 14.60% | Rank 22 |
| Return on capital (Greenblatt) | 13.54% | 29.77% | Rank 26 |
| EBIT margin | 6.52% | 17.40% | Rank 21 |
| FCF margin | 13.95% | 18.54% | Rank 39 |
| Gross margin | 42.04% | 48.47% | Rank 37 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 18.79% | 12.70% | Rank 69 |
| Earnings growth, 3 years per year | −5.45% | 9.54% | Rank 20 |
| Earnings growth, 5 years per year | −18.19% | 14.07% | Rank 3 |
| Sustainable growth (ROE × retained earnings) | 2.95% | 2.87% | Rank 52 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 0.35% | 2.64% | Rank 13 |
| FCF yield | 1.48% | 3.06% | Rank 26 |
| EV/saleslower is better | 9.47 | 5.18 | Rank 31 |
| EV/EBITlower is better | 145.27 | 26.24 | Rank 9 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | 11.21% | −0.59% | Rank 68 |
| Share price, 6 months | −55.11% | −4.46% | Rank 1 |
| Share price, 3 months | −35.85% | −5.84% | Rank 6 |
| Distance from 52-week high | −61.18% | −33.23% | Rank 5 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | −7.67% | 1.65% | Rank 89 |
| Change in share countlower is better | −0.49% | −0.17% | Rank 59 |
| Dividend streak in yearsdoes not count towards the rank | – | 8 | |
| Price reaction to results, market-adjusted | −11.49% | −1.57% | Rank 9 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 46.54% | 53.98% | Rank 37 |
| Net debt/EBITDAlower is better | 0.71 | −0.20 | Rank 30 |
| Debt to equitylower is better | 0.58 | 0.33 | Rank 28 |
| Volatility, 1 yearlower is better | 80.27% | 50.37% | Rank 12 |
Ten years in figures
| Year | Revenue, $B | EBIT margin | FCF, $M | Shares | Net debt, $M |
|---|---|---|---|---|---|
| 2016 | 2.6 | 6.0% | 182.3 | 151M | 511.2 |
| 2017 | 2.8 | 7.7% | 140.3 | 170M | 295.5 |
| 2018 | 3.1 | 7.4% | 161.6 | 144M | −52.0 |
| 2019 | 3.6 | 9.7% | 350.6 | 158M | −148.6 |
| 2020 | 3.5 | 13.8% | 411.0 | 156M | −260.5 |
| 2021 | 3.6 | 13.7% | 462.1 | 157M | −618.9 |
| 2022 | 3.6 | 7.1% | −258.6 | 152M | 192.0 |
| 2023 | 4.4 | 8.8% | 62.1 | 149M | 646.5 |
| 2024 | 4.0 | 4.8% | 377.9 | 146M | 697.4 |
| 2025 | 4.8 | 6.5% | 665.3 | 145M | 490.3 |
1 of 7 StockScorer Score rules met · How the score is built
Ciena Corp mainly meets criteria in the Growth category. Result from 18 strategies checked.
Ciena Corp is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
1 of 7 rules met
2 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for Ciena Corp.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 286.6 | 35.1 |
| P/B ratio | 13.0 | 5.5 |
| Return on equity (ROE) | 4.5% | 14.6% |
| Equity ratio | 46.5% | 54.0% |
| Debt-to-equity (D/E) | 0.58 | 0.33 |
| Dividend yield | – | 0.9% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| CIEN | Ciena Corpthis page | |
| UI | Ubiquiti Networks Inc | locked |
| LITE | Lumentum Holdings Inc | Low2.7 |
| HPE | Hewlett Packard Enterprise Co | Low0.9 |
| ZBRA | Zebra Technologies Corporation | locked |
| ASTS | Ast Spacemobile Inc | locked |
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