CIEN
Ciena
$460.33
▲ 7.5%Updated Today 7:15 PM ET
▲ Up 480.1% over the last 12 months
Market Cap
$60.62B
P/E
139.78x
Forward P/E (est.)
99.84x
ROE
15.7%
Revenue Growth
30.6%
EPS Growth
319.2%
Profit Margin
7.9%
FCF Yield
0.6%
Debt / Equity
0.58x
ROIC
4.0%
Interest Coverage
2.24x
Current Ratio
2.73x
Dividend Yield
—
Implied Growth (rev. DCF)
7.8%
Rating Score
52/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what CIEN's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. CIEN trades near $460.33, around its 50-day average ($521.20) and 200-day average ($310.04). Price tangled in its moving averages means there is no clear trend — the stock is ranging.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 27 it is oversold — selling has been heavy and a bounce is possible.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. CIEN's is $40.27 (~8.7% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month CIEN found buyers near $417.34 (support) and sellers near $637.51 (resistance); its 52-week range is $73.23–$637.51. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.2× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Ciena (CIEN) is a large-cap company in the Communications Equipment industry, part of the Information Technology sector of the S&P 500, with a market value around $60.62B.
In its latest reported year it generated about $4.77B in revenue and $123.34M in net profit.
Our model rates CIEN Neutral (52/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
7.1%
Revenue moved from $3.62B in 2021 to $4.77B in 2025, a 7.1% compound annual growth rate. The most recent year grew a strong 30.6% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
42.0%
Operating Margin
4.1%
Net Margin
2.6%
ROE
15.7%
Ciena keeps about 7.9% of each sales dollar as net profit, with a 42.0% gross margin and 4.1% operating margin. Return on equity is 15.7% and return on invested capital about 4.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$677.28M
Net Debt
-$367.84M
Net cash position
Net Debt / EBITDA
-1.86x
Debt / Equity
0.58x
Leverage: debt-to-equity is 0.6x, and operating profit covers interest about 2.2x, with a current ratio of 2.7x. That is a moderate, manageable debt load for most businesses. It carries roughly $677.28M of total debt against $1.05B of cash.
Operating CF
$806.09M
Free Cash Flow
$665.29M
FCF Margin
13.9%
In the latest year Ciena produced about $806.09M of operating cash flow and $665.29M of free cash flow after capital spending. That is a free-cash-flow yield of about 0.6% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
P/E
139.78x
P/S
12.91x
P/B
9.75x
EV / EBITDA
—
CIEN trades at 139.8x trailing earnings (about 99.8x on estimated forward earnings), 12.9x sales, and 9.7x book value. Reverse-engineering today's price implies the market expects roughly 7.8% long-term free-cash-flow growth. That is a rich multiple that prices in a lot of future growth.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How CIEN stacks up against its Information Technology peers — valuation, profitability, and growth versus the sector median.
In the Information Technology sector (72 S&P 500 companies), CIEN ranks #50 of 72 by our overall rating. It trades at a premium versus the sector on earnings (139.8x P/E vs. 35.6x median) with a lower return on equity (15.7% vs. 25.6%) and faster revenue growth (30.6% vs. 17.4%).
P/E vs sector
139.8x
median 35.6x
ROE vs sector
15.7%
median 25.6%
Growth vs sector
30.6%
median 17.4%
Sector rank
#50
of 72 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Information Technology companies by sub-industry and size. Sector median is across all 72 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$327.58 – $545.96
vs. $460.33 today · expected CAGR -7% – 3%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $6.25B | $8.18B | $10.72B | $14.05B | $18.40B |
| Net income | $187.44M | $245.55M | $321.67M | $421.39M | $552.02M |
| EPS | $1.32 | $1.73 | $2.27 | $2.98 | $3.90 |
| Share price (low) | $111.23 | $145.71 | $190.88 | $250.06 | $327.58 |
| Share price (high) | $185.39 | $242.85 | $318.14 | $416.76 | $545.96 |
| CAGR (low–high) | -76% / -60% | -44% / -27% | -25% / -12% | -14% / -2% | -7% / 3% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for CIEN:
- Revenue is growing 30.6% a year, a sign of real demand.
- Strong return on equity (15.7%) shows capital is put to work well.
The case against CIEN:
- Interest coverage is thin (2.2x), so debt costs bite.
- A rich 139.8x earnings multiple prices in a lot of growth.
- Limited free cash flow at today's price.
Valuation risk — at 139.8x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Ciena is a large-cap information technology business still growing nicely, with modest profitability, and a sound balance sheet. It trades at 139.8x earnings, which our model scores Neutral (52/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.