CIENA CORP (CIEN) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:CIEN • US1717793095

271.32 USD
+18.34 (+7.25%)
At close: Feb 6, 2026
271.34 USD
+0.02 (+0.01%)
After Hours: 2/6/2026, 6:08:31 PM
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. Profitability

1.1 Basic Checks

  • In the past year CIEN was profitable.
  • CIEN had a positive operating cash flow in the past year.
  • CIEN had positive earnings in each of the past 5 years.
  • Of the past 5 years CIEN 4 years had a positive operating cash flow.
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

  • The Return On Assets of CIEN (2.10%) is better than 66.67% of its industry peers.
  • The Return On Equity of CIEN (4.52%) is better than 64.58% of its industry peers.
  • The Return On Invested Capital of CIEN (5.08%) is better than 68.75% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for CIEN is significantly below the industry average of 11.74%.
  • The last Return On Invested Capital (5.08%) for CIEN is above the 3 year average (4.76%), which is a sign of increasing profitability.
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.
  • Looking at the Operating Margin, with a value of 6.52%, CIEN is in the better half of the industry, outperforming 70.83% of the companies in the same industry.
  • CIEN's Operating Margin has declined in the last couple of years.
  • With a Gross Margin value of 42.04%, CIEN perfoms like the industry average, outperforming 52.08% of the companies in the same industry.
  • In the last couple of years the Gross Margin of CIEN has declined.
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CIEN is destroying value.
  • Compared to 1 year ago, CIEN has less shares outstanding
  • Compared to 5 years ago, CIEN has less shares outstanding
  • The debt/assets ratio for CIEN has been reduced compared to a year ago.
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 7.52 indicates that CIEN is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 7.52, CIEN belongs to the best of the industry, outperforming 85.42% 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.
  • CIEN has a Debt to FCF ratio of 2.31. This is in the better half of the industry: CIEN outperforms 60.42% of its industry peers.
  • A Debt/Equity ratio of 0.56 indicates that CIEN is somewhat dependend on debt financing.
  • CIEN's Debt to Equity ratio of 0.56 is on the low side compared to the rest of the industry. CIEN is outperformed by 72.92% 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 7.52
ROIC/WACC0.52
WACC9.72%
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.
  • With a decent Current ratio value of 2.73, CIEN is doing good in the industry, outperforming 72.92% of the companies in the same industry.
  • 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's Quick ratio of 2.12 is fine compared to the rest of the industry. CIEN outperforms 75.00% 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

More info and screens

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

6

3. Growth

3.1 Past

  • CIEN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 45.05%, which is quite impressive.
  • CIEN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.13% yearly.
  • CIEN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.79%.
  • CIEN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.19% yearly.
EPS 1Y (TTM)45.05%
EPS 3Y11.01%
EPS 5Y-2.13%
EPS Q2Q%68.52%
Revenue 1Y (TTM)18.79%
Revenue growth 3Y9.5%
Revenue growth 5Y6.19%
Sales Q2Q%20.27%

3.2 Future

  • The Earnings Per Share is expected to grow by 48.77% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, CIEN will show a quite strong growth in Revenue. The Revenue will grow by 14.43% on average per year.
EPS Next Y106.21%
EPS Next 2Y62.18%
EPS Next 3Y48.77%
EPS Next 5YN/A
Revenue Next Year26.29%
Revenue Next 2Y21.07%
Revenue Next 3Y18.51%
Revenue Next 5Y14.43%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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. Valuation

4.1 Price/Earnings Ratio

  • CIEN is valuated quite expensively with a Price/Earnings ratio of 102.77.
  • The rest of the industry has a similar Price/Earnings ratio as CIEN.
  • When comparing the Price/Earnings ratio of CIEN to the average of the S&P500 Index (27.92), we can say CIEN is valued expensively.
  • CIEN is valuated quite expensively with a Price/Forward Earnings ratio of 49.84.
  • CIEN's Price/Forward Earnings ratio is in line with the industry average.
  • CIEN is valuated expensively when we compare the Price/Forward Earnings ratio to 27.78, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 102.77
Fwd PE 49.84
CIEN Price Earnings VS Forward Price EarningsCIEN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • CIEN's Enterprise Value to EBITDA ratio is in line with the industry average.
  • CIEN's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 57.53
EV/EBITDA 79.13
CIEN Per share dataCIEN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • CIEN's earnings are expected to grow with 48.77% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.97
PEG (5Y)N/A
EPS Next 2Y62.18%
EPS Next 3Y48.77%

More info and screens

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

0

5. Dividend

5.1 Amount

  • No dividends for CIEN!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

CIENA CORP

NYSE:CIEN (2/6/2026, 6:08:31 PM)

After market: 271.34 +0.02 (+0.01%)

271.32

+18.34 (+7.25%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)12-11
Earnings (Next)03-09
Inst Owners102.21%
Inst Owner Change-1.61%
Ins Owners0.74%
Ins Owner Change0.3%
Market Cap38.27B
Revenue(TTM)4.77B
Net Income(TTM)123.34M
Analysts80
Price Target250.43 (-7.7%)
Short Float %4.26%
Short Ratio2.05
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)0%
PT rev (3m)85.13%
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)11.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)8.11%
Valuation
Industry RankSector Rank
PE 102.77
Fwd PE 49.84
P/S 8.02
P/FCF 57.53
P/OCF 47.48
P/B 14.02
P/tB 19.29
EV/EBITDA 79.13
EPS(TTM)2.64
EY0.97%
EPS(NY)5.44
Fwd EY2.01%
FCF(TTM)4.72
FCFY1.74%
OCF(TTM)5.71
OCFY2.11%
SpS33.81
BVpS19.35
TBVpS14.06
PEG (NY)0.97
PEG (5Y)N/A
Graham Number33.9
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 7.52
F-Score7
WACC9.72%
ROIC/WACC0.52
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)45.05%
EPS 3Y11.01%
EPS 5Y-2.13%
EPS Q2Q%68.52%
EPS Next Y106.21%
EPS Next 2Y62.18%
EPS Next 3Y48.77%
EPS Next 5YN/A
Revenue 1Y (TTM)18.79%
Revenue growth 3Y9.5%
Revenue growth 5Y6.19%
Sales Q2Q%20.27%
Revenue Next Year26.29%
Revenue Next 2Y21.07%
Revenue Next 3Y18.51%
Revenue Next 5Y14.43%
EBIT growth 1Y62.04%
EBIT growth 3Y6.51%
EBIT growth 5Y-9.56%
EBIT Next Year128.95%
EBIT Next 3Y50.34%
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.