CIENA CORP (CIEN) Stock Fundamental Analysis

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

252.98 USD
-0.52 (-0.21%)
At close: Feb 5, 2026
243.5 USD
-9.48 (-3.75%)
After Hours: 2/5/2026, 8:15:37 PM
Fundamental Rating

5

CIEN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 48 industry peers in the Communications Equipment industry. CIEN is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. CIEN is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year CIEN was profitable.
  • In the past year CIEN had a positive cash flow from operations.
  • 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's Return On Assets of 2.10% is fine compared to the rest of the industry. CIEN outperforms 66.67% of its industry peers.
  • CIEN has a Return On Equity of 4.52%. This is in the better half 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 68.75% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for CIEN is significantly below the industry average of 11.74%.
  • 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

  • CIEN has a Profit Margin of 2.59%. This is in the better half of the industry: CIEN outperforms 62.50% of its industry peers.
  • In the last couple of years the Profit Margin of CIEN has declined.
  • 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.
  • In the last couple of years the Operating Margin of CIEN has declined.
  • CIEN has a Gross Margin (42.04%) which is comparable to the rest of the 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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CIEN is destroying value.
  • CIEN has less shares outstanding than it did 1 year ago.
  • 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 7.54 indicates that CIEN is not in any danger for bankruptcy at the moment.
  • CIEN has a Altman-Z score of 7.54. This is amongst the best in the industry. CIEN outperforms 85.42% of its industry peers.
  • CIEN has a debt to FCF ratio of 2.31. This is a good value and a sign of high solvency as CIEN would need 2.31 years to pay back of all of its debts.
  • CIEN's Debt to FCF ratio of 2.31 is fine compared to the rest 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.
  • Although CIEN does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 2.31
Altman-Z 7.54
ROIC/WACC0.52
WACC9.79%
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.
  • A Quick Ratio of 2.12 indicates that CIEN has no problem at all paying its short term obligations.
  • CIEN has a better Quick ratio (2.12) than 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.
  • Measured over the past years, CIEN shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.13% on average per year.
  • 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)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.
  • 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

More info and screens

Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 95.83, the valuation of CIEN can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of CIEN is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of CIEN to the average of the S&P500 Index (27.67), we can say CIEN is valued expensively.
  • Based on the Price/Forward Earnings ratio of 46.47, the valuation of CIEN can be described as expensive.
  • CIEN's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.20, CIEN is valued quite expensively.
Industry RankSector Rank
PE 95.83
Fwd PE 46.47
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 ratio is in line with the industry average.
  • CIEN's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 53.64
EV/EBITDA 79.29
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)0.9
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

  • 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

CIENA CORP

NYSE:CIEN (2/5/2026, 8:15:37 PM)

After market: 243.5 -9.48 (-3.75%)

252.98

-0.52 (-0.21%)

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 Cap35.69B
Revenue(TTM)4.77B
Net Income(TTM)123.34M
Analysts80
Price Target250.43 (-1.01%)
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 95.83
Fwd PE 46.47
P/S 7.48
P/FCF 53.64
P/OCF 44.27
P/B 13.07
P/tB 17.99
EV/EBITDA 79.29
EPS(TTM)2.64
EY1.04%
EPS(NY)5.44
Fwd EY2.15%
FCF(TTM)4.72
FCFY1.86%
OCF(TTM)5.71
OCFY2.26%
SpS33.81
BVpS19.35
TBVpS14.06
PEG (NY)0.9
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 7.54
F-Score7
WACC9.79%
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.