SuperworthCiena CIEN
- Market cap
- $45.4B
- PE
- 71.5×
- 10y median 32.3×
- Forward PE
- 30.8×
- 10y median 22.1×
- Price to sales
- 7.5×
- EV/EBIT
- 54.7×
- Revenue, 12 months
- $6B
- +33% on a year ago
- Net margin
- 10.9%
- Free cash flow yield
- 1.8%
Ciena trades at 71.5× trailing earnings, pricier than 76% of the last ten years. Revenue was $6B over the last twelve months, up 33% on a year earlier with a 11% net margin.
Charts
Financials
| Income statement | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1.1B+16% | $1B−2% | $910.8M−20% | $942.3M−12% | $1.1B−1% | $1.1B+3% | $1.1B+24% | $1.2B+29% | $1.4B+20% | $1.4B+33% | $1.6B+40% | $1.7B+37% | |
| Cost of revenue | $643.2M+20% | $570.7M−5% | $522.2M−19% | $538.4M−13% | $664.1M+3% | $600.4M+5% | $673M+29% | $716.3M+33% | $774.8M+17% | $801.5M+34% | $879.2M+31% | $911.9M+27% |
| Gross profit | $486.3M+12% | $467M+2% | $388.7M−20% | $403.9M−10% | $460M−5% | $471.8M+1% | $452.8M+17% | $503.1M+25% | $577.2M+26% | $625.5M+33% | $691.6M+53% | $759.3M+51% |
| R&D | $189.4M+14% | $187.3M+3% | $195.4M+3% | $188.9M−0% | $196M+3% | $192.7M+3% | $214.9M+10% | $211.9M+12% | $228.9M+17% | $221.5M+15% | $237.9M+11% | $236.7M+12% |
| SG&A | $187.7M+10% | $182.8M+5% | $173.6M−1% | $179.8M+7% | $195.1M+4% | $190.4M+4% | $196.6M+13% | $209.3M+16% | $223.7M+15% | $208.1M+9% | $211.3M+7% | $216.8M+4% |
| $91.3M+18% | $84.6M−1% | −$4M | $26.7M−66% | $59.2M−35% | $80.7M−5% | $32.8M | $73.5M+175% | $10.5M−82% | $189.4M+135% | $237.9M+624% | $301.2M+310% | |
| Interest expense | $24.2M+76% | $23.8M+50% | $23.9M−0% | $24.4M+1% | $25M+3% | $22.9M−4% | $21.7M−9% | $22.8M−7% | $22M−12% | $21.3M−7% | $20.9M−4% | $5.8M−75% |
| Pre-tax income | $70.5M+8% | $71.5M−29% | −$16M | $16.4M−75% | $48M−32% | $68.6M−4% | $19M | $65.8M+302% | $2.9M−94% | $181.1M+164% | $231.1M+1115% | $310.6M+372% |
| −$20.7M | $22M−12% | $820K−97% | $2.1M−94% | $11M | $24M+9% | $10M+1125% | $15.5M+630% | −$16.6M | $30.8M+28% | $12.8M+28% | $44.2M+185% | |
| Net income | $91.2M+58% | $49.5M−35% | −$16.8M | $14.2M−52% | $37M−59% | $44.6M−10% | $9M | $50.3M+254% | $19.5M−47% | $150.3M+237% | $218.2M+2333% | $266.4M+430% |
| $0.62+59% | $0.34−33% | −$0.12 | $0.10−50% | $0.25−60% | $0.31−9% | $0.06 | $0.35+250% | $0.13−48% | $1.03+232% | $1.49+2383% | $1.83+423% | |
| 147.9M−1% | 145.8M−3% | 144.9M−4% | 145.4M−3% | 146.4M−1% | 145.9M+0% | 145M+0% | 144.5M−1% | 145.5M−1% | 145.8M−0% | 146.3M+1% | 146M+1% |
EPS, diluted: 17 periods, Q4 FY09 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 7 periods, Q4 FY09 to Q4 FY15: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. 10 periods, Q4 FY16 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q4 FY26 | $1.8B | $1.7B to $1.8B | $2.08 | $1.96 to $2.16 | 7 |
| Q1 FY27 | $1.8B | $1.8B to $1.9B | $2.36 | $1.90 to $2.56 | 11 |
| Q2 FY27 | $2B | $2B to $2.1B | $2.76 | $2.70 to $2.86 | 4 |
| Q3 FY27 | $2.2B | $2.1B to $2.2B | $3.21 | $3.13 to $3.32 | 7 |
| Q4 FY27 | $2.4B | $2.3B to $2.4B | $3.68 | $3.60 to $3.81 | 4 |
| Q1 FY28 | $2.5B | $2.4B to $2.5B | $3.72 | $3.64 to $3.86 | 5 |
| Q2 FY28 | $2.6B | $2.6B to $2.7B | $4.13 | $4.04 to $4.28 | 5 |
| Q3 FY28 | $2.8B | $2.8B to $2.9B | $4.50 | $4.40 to $4.66 | 9 |
Peers
Companies in Communication Equipment nearest Ciena's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| CIENCiena | $45.4B | 71.5× | 32.3× | 30.8× | 7.5× | +33% | 10.9% |
| UIUbiquiti | $35.6B | 37.1× | 34.7× | 33.2× | 10.9× | +27% | 29.3% |
| LITELumentum | $67.8B | n/m | 40.6× | 34.8× | 22.5× | +83% | n/m |
| MSIMotorola Solutions | $79.7B | 38.0× | 33.2× | 26.6× | 6.5× | +10% | 17.4% |
| ZBRAZebra Technologies | $18.3B | 35.4× | 31.1× | n/m | 3.1× | +13% | 9.2% |
| FNFabrinet | $11.3B | 24.1× | 21.6× | n/m | 2.4× | +36% | 10.2% |
| ESEEsco Technologies | $6B | 19.2× | 28.7× | n/m | 4.7× | +24% | 24.4% |
| CSCOCisco Systems | $419.9B | 31.9× | 18.8× | 20.9× | 6.6× | +12% | 21.0% |
| Peer median | $35.6B | 33.6× | 31.1× | 29.9× | 6.5× | +24% | 19.2% |
Investors who own it
Investors we follow who held Ciena at the end of Jun 30, 2026, from their 13F filings.
- Gavin BakerAtreides Management3.0% of portfolioadded
More on Ciena
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #4of 25Communication equipment stocks with the fastest revenue growth
- #9of 24Communication equipment stocks with the highest profit margins
Its groups
About
- Industry
- Communication Equipment
- Sector
- Technology
Valuation data, not investment advice. Prices as of .