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

Taking everything into account, CIEN scores 5 out of 10 in our fundamental rating. CIEN was compared to 48 industry peers in the Communications Equipment industry. While CIEN has a great health rating, its profitability is only average at the moment. 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

  • In the past year CIEN was profitable.
  • In the past year CIEN had a positive cash flow from operations.
  • In the past 5 years CIEN has always 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

  • Looking at the Return On Assets, with a value of 2.10%, CIEN is in the better half of the industry, outperforming 64.58% of the companies in the same industry.
  • 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 72.92% 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 10.33%.
  • 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

  • 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.
  • 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.
  • CIEN's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 42.04%, CIEN is in line with its industry, outperforming 45.83% 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. CIEN Health Analysis

2.1 Basic Checks

  • CIEN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • CIEN has less shares outstanding than it did 1 year ago.
  • CIEN has less shares outstanding than it did 5 years ago.
  • 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

  • CIEN has an Altman-Z score of 8.66. This indicates that CIEN is financially healthy and has little risk of 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 worse Debt to Equity ratio (0.56) than 75.00% of its industry peers.
  • Although CIEN's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. 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 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

  • A Current Ratio of 2.73 indicates that CIEN has no problem at all paying its short term obligations.
  • CIEN has a better Current ratio (2.73) than 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's Quick ratio of 2.12 is fine compared to the rest 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

  • CIEN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 86.11%, 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%.
  • The Revenue has been growing slightly by 6.19% on average over the past years.
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

  • The Earnings Per Share is expected to grow by 49.14% on average over the next years. This is a very strong growth
  • CIEN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.43% yearly.
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

  • 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. 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.
  • Compared to an average S&P500 Price/Earnings ratio of 26.46, CIEN is valued quite expensively.
  • CIEN is valuated quite expensively with a Price/Forward Earnings ratio of 45.80.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CIEN is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of CIEN to the average of the S&P500 Index (24.65), we can say CIEN is valued expensively.
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as CIEN.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as CIEN.
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

  • The 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.