CIENA CORP (CIEN) Fundamental Analysis & Valuation

NYSE:CIEN • US1717793095

318.54 USD
+24.37 (+8.28%)
At close: Mar 9, 2026
317.01 USD
-1.53 (-0.48%)
After Hours: 3/9/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This CIEN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to CIEN. CIEN was compared to 48 industry peers in the Communications Equipment industry. CIEN has an excellent financial health rating, but there are some minor concerns on its profitability. While showing a medium growth rate, CIEN is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

5

1. CIEN Profitability Analysis

1.1 Basic Checks

  • CIEN had positive earnings in the past year.
  • CIEN had a positive operating cash flow in the past year.
  • Each year in the past 5 years CIEN has been profitable.
  • CIEN had a positive operating cash flow in 4 of the past 5 years.
CIEN Yearly Net Income VS EBIT VS OCF VS FCFCIEN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

1.2 Ratios

  • CIEN has a better Return On Assets (2.10%) than 64.58% of its industry peers.
  • CIEN's Return On Equity of 4.52% is fine compared to the rest of the industry. CIEN outperforms 64.58% of its industry peers.
  • With a decent Return On Invested Capital value of 5.08%, CIEN is doing good in the industry, outperforming 72.92% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for CIEN is significantly below the industry average of 10.33%.
  • The 3 year average ROIC (4.76%) for CIEN is below the current ROIC(5.08%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.1%
ROE 4.52%
ROIC 5.08%
ROA(3y)2.71%
ROA(5y)4.29%
ROE(3y)5.48%
ROE(5y)7.73%
ROIC(3y)4.76%
ROIC(5y)5.64%
CIEN Yearly ROA, ROE, ROICCIEN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

1.3 Margins

  • Looking at the Profit Margin, with a value of 2.59%, CIEN is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
  • CIEN's Profit Margin has declined in the last couple of years.
  • CIEN's Operating Margin of 6.52% is fine compared to the rest of the industry. CIEN outperforms 75.00% of its industry peers.
  • In the last couple of years the Operating Margin of CIEN has declined.
  • CIEN has a Gross Margin of 42.04%. This is comparable to the rest of the industry: CIEN outperforms 45.83% of its industry peers.
  • CIEN's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 6.52%
PM (TTM) 2.59%
GM 42.04%
OM growth 3Y-2.73%
OM growth 5Y-14.83%
PM growth 3Y-14.99%
PM growth 5Y-24.04%
GM growth 3Y-0.72%
GM growth 5Y-2.12%
CIEN Yearly Profit, Operating, Gross MarginsCIEN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

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8

2. CIEN Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CIEN is destroying value.
  • Compared to 1 year ago, CIEN has less shares outstanding
  • The number of shares outstanding for CIEN has been reduced compared to 5 years ago.
  • CIEN has a better debt/assets ratio than last year.
CIEN Yearly Shares OutstandingCIEN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
CIEN Yearly Total Debt VS Total AssetsCIEN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • An Altman-Z score of 8.66 indicates that CIEN is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 8.66, CIEN belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • The Debt to FCF ratio of CIEN is 2.31, which is a good value as it means it would take CIEN, 2.31 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of CIEN (2.31) is better than 62.50% of its industry peers.
  • A Debt/Equity ratio of 0.56 indicates that CIEN is somewhat dependend on debt financing.
  • CIEN has a Debt to Equity ratio of 0.56. This is in the lower half of the industry: CIEN underperforms 75.00% of its industry peers.
  • Even though the debt/equity ratio score it not favorable for CIEN, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 2.31
Altman-Z 8.66
ROIC/WACC0.53
WACC9.6%
CIEN Yearly LT Debt VS Equity VS FCFCIEN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • CIEN has a Current Ratio of 2.73. This indicates that CIEN is financially healthy and has no problem in meeting its short term obligations.
  • CIEN has a Current ratio of 2.73. This is in the better half of the industry: CIEN outperforms 72.92% of its industry peers.
  • CIEN has a Quick Ratio of 2.12. This indicates that CIEN is financially healthy and has no problem in meeting its short term obligations.
  • CIEN has a Quick ratio of 2.12. This is in the better half of the industry: CIEN outperforms 70.83% of its industry peers.
Industry RankSector Rank
Current Ratio 2.73
Quick Ratio 2.12
CIEN Yearly Current Assets VS Current LiabilitesCIEN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. CIEN Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 86.11% over the past year.
  • The Earnings Per Share has been decreasing by -2.13% on average over the past years.
  • CIEN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.79%.
  • Measured over the past years, CIEN shows a small growth in Revenue. The Revenue has been growing by 6.19% on average per year.
EPS 1Y (TTM)86.11%
EPS 3Y11.01%
EPS 5Y-2.13%
EPS Q2Q%110.94%
Revenue 1Y (TTM)18.79%
Revenue growth 3Y9.5%
Revenue growth 5Y6.19%
Sales Q2Q%33.09%

3.2 Future

  • CIEN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 49.14% yearly.
  • The Revenue is expected to grow by 14.43% on average over the next years. This is quite good.
EPS Next Y106.21%
EPS Next 2Y62.32%
EPS Next 3Y49.14%
EPS Next 5YN/A
Revenue Next Year26.29%
Revenue Next 2Y21.23%
Revenue Next 3Y18.77%
Revenue Next 5Y14.43%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
CIEN Yearly Revenue VS EstimatesCIEN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B
CIEN Yearly EPS VS EstimatesCIEN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8

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Find the best growth stocksShow best growing peers

3

4. CIEN Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 95.09, which means the current valuation is very expensive for CIEN.
  • The rest of the industry has a similar Price/Earnings ratio as CIEN.
  • CIEN is valuated expensively when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 45.80, the valuation of CIEN can be described as expensive.
  • CIEN's Price/Forward Earnings is on the same level as the industry average.
  • CIEN's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.65.
Industry RankSector Rank
PE 95.09
Fwd PE 45.8
CIEN Price Earnings VS Forward Price EarningsCIEN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • CIEN's Enterprise Value to EBITDA is on the same level as the industry average.
  • CIEN's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 67.73
EV/EBITDA 92.27
CIEN Per share dataCIEN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • CIEN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as CIEN's earnings are expected to grow with 49.14% in the coming years.
PEG (NY)0.9
PEG (5Y)N/A
EPS Next 2Y62.32%
EPS Next 3Y49.14%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. CIEN Dividend Analysis

5.1 Amount

  • CIEN does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

CIEN Fundamentals: All Metrics, Ratios and Statistics

CIENA CORP

NYSE:CIEN (3/9/2026, 8:04:00 PM)

After market: 317.01 -1.53 (-0.48%)

318.54

+24.37 (+8.28%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)03-05
Earnings (Next)06-03
Inst Owners99.41%
Inst Owner Change11.18%
Ins Owners0.57%
Ins Owner Change0.47%
Market Cap45.06B
Revenue(TTM)4.77B
Net Income(TTM)123.34M
Analysts78.33
Price Target261.07 (-18.04%)
Short Float %4.03%
Short Ratio1.78
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)20.21%
Min EPS beat(2)15.65%
Max EPS beat(2)24.77%
EPS beat(4)3
Avg EPS beat(4)18.11%
Min EPS beat(4)-20.72%
Max EPS beat(4)52.75%
EPS beat(8)6
Avg EPS beat(8)24.95%
EPS beat(12)10
Avg EPS beat(12)26.08%
EPS beat(16)12
Avg EPS beat(16)61.49%
Revenue beat(2)2
Avg Revenue beat(2)2.22%
Min Revenue beat(2)1.7%
Max Revenue beat(2)2.73%
Revenue beat(4)3
Avg Revenue beat(4)1.38%
Min Revenue beat(4)-0.07%
Max Revenue beat(4)2.73%
Revenue beat(8)3
Avg Revenue beat(8)0.56%
Revenue beat(12)7
Avg Revenue beat(12)1.35%
Revenue beat(16)8
Avg Revenue beat(16)1.05%
PT rev (1m)3.99%
PT rev (3m)68.89%
EPS NQ rev (1m)0%
EPS NQ rev (3m)43.14%
EPS NY rev (1m)0%
EPS NY rev (3m)22.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)11.86%
Revenue NY rev (1m)0%
Revenue NY rev (3m)8.11%
Valuation
Industry RankSector Rank
PE 95.09
Fwd PE 45.8
P/S 9.45
P/FCF 67.73
P/OCF 55.9
P/B 16.51
P/tB 22.71
EV/EBITDA 92.27
EPS(TTM)3.35
EY1.05%
EPS(NY)6.96
Fwd EY2.18%
FCF(TTM)4.7
FCFY1.48%
OCF(TTM)5.7
OCFY1.79%
SpS33.72
BVpS19.29
TBVpS14.02
PEG (NY)0.9
PEG (5Y)N/A
Graham Number38.14
Profitability
Industry RankSector Rank
ROA 2.1%
ROE 4.52%
ROCE 6.82%
ROIC 5.08%
ROICexc 7.13%
ROICexgc 9.25%
OM 6.52%
PM (TTM) 2.59%
GM 42.04%
FCFM 13.95%
ROA(3y)2.71%
ROA(5y)4.29%
ROE(3y)5.48%
ROE(5y)7.73%
ROIC(3y)4.76%
ROIC(5y)5.64%
ROICexc(3y)6.46%
ROICexc(5y)8.29%
ROICexgc(3y)8.08%
ROICexgc(5y)10.06%
ROCE(3y)6.39%
ROCE(5y)7.57%
ROICexgc growth 3Y6.23%
ROICexgc growth 5Y-15.58%
ROICexc growth 3Y2.33%
ROICexc growth 5Y-16.48%
OM growth 3Y-2.73%
OM growth 5Y-14.83%
PM growth 3Y-14.99%
PM growth 5Y-24.04%
GM growth 3Y-0.72%
GM growth 5Y-2.12%
F-Score7
Asset Turnover0.81
Health
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 2.31
Debt/EBITDA 3.38
Cap/Depr 100.33%
Cap/Sales 2.95%
Interest Coverage 3.65
Cash Conversion 178.68%
Profit Quality 539.41%
Current Ratio 2.73
Quick Ratio 2.12
Altman-Z 8.66
F-Score7
WACC9.6%
ROIC/WACC0.53
Cap/Depr(3y)92.47%
Cap/Depr(5y)80.47%
Cap/Sales(3y)2.93%
Cap/Sales(5y)2.69%
Profit Quality(3y)337.97%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)86.11%
EPS 3Y11.01%
EPS 5Y-2.13%
EPS Q2Q%110.94%
EPS Next Y106.21%
EPS Next 2Y62.32%
EPS Next 3Y49.14%
EPS Next 5YN/A
Revenue 1Y (TTM)18.79%
Revenue growth 3Y9.5%
Revenue growth 5Y6.19%
Sales Q2Q%33.09%
Revenue Next Year26.29%
Revenue Next 2Y21.23%
Revenue Next 3Y18.77%
Revenue Next 5Y14.43%
EBIT growth 1Y62.04%
EBIT growth 3Y6.51%
EBIT growth 5Y-9.56%
EBIT Next Year130.14%
EBIT Next 3Y53.26%
EBIT Next 5Y28.36%
FCF growth 1Y76.05%
FCF growth 3YN/A
FCF growth 5Y10.11%
OCF growth 1Y56.67%
OCF growth 3YN/A
OCF growth 5Y10.3%

CIENA CORP / CIEN FAQ

Can you provide the ChartMill fundamental rating for CIENA CORP?

ChartMill assigns a fundamental rating of 5 / 10 to CIEN.


What is the valuation status for CIEN stock?

ChartMill assigns a valuation rating of 3 / 10 to CIENA CORP (CIEN). This can be considered as Overvalued.


Can you provide the profitability details for CIENA CORP?

CIENA CORP (CIEN) has a profitability rating of 5 / 10.


What is the financial health of CIENA CORP (CIEN) stock?

The financial health rating of CIENA CORP (CIEN) is 8 / 10.