A Business at a Glance
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Item 1. Business We are a network technology company, providing hardware, software, and services to a wide range of network operators and enabling enhanced network capacity, service delivery, and automation. Our solutions support network traffic across a wide range of applications, including cloud, voice, video, data, and artificial intelligence (“AI”). Our network solutions are used globally by cloud providers, service providers, and other network operators across multiple industry verticals. Our Networking Platforms, including our Optical Networking portfolio and Routing and Switching portfolio, are solutions applied from the network core to end user access points and allow network operators to scale capacity, increase transmission speeds, allocate traffic efficiently, and adapt dynamically to changing end-user service demands.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 4.8B | 4.0B | 4.4B | 3.6B | 3.6B |
| Net Income | 0 | 123M | 84M | 255M | 153M | 500M |
| EPS | $0.00 | $0.85 | $0.58 | $1.71 | $1.00 | $3.19 |
| Free Cash Flow | 0 | 665M | 378M | 62M | -259M | 462M |
| ROIC | 0.0% | 5.1% | 3.7% | 8.4% | 6.9% | 22.9% |
| Gross Margin | - | 42.0% | 42.8% | 42.8% | 43.0% | 47.6% |
| Debt/Equity | 0.55 | 0.58 | 0.57 | 0.57 | 0.42 | 0.25 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | 198M | 167M | 358M | 223M | 495M |
| Operating Margin | 0.0% | 4.1% | 4.1% | 8.2% | 6.1% | 13.7% |
| ROE | 0.0% | 4.4% | 3.0% | 8.9% | 5.6% | 16.6% |
| Shares Outstanding | 141M | 145M | 145M | 149M | 153M | 157M |
CIENA CORP passes 2 of 9 quality checks, indicating weak fundamentals.
CIENA CORP trades at 564.6x trailing earnings, compared to its 15-year median P/E of 23.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 101.6x vs a median of 23.2x. The company's 5-year average ROIC is 9.4% with a gross margin of 43.6%. Total shareholder yield (buybacks) is 0.5%. At current prices, the estimated annualized return to fair value is +7.2%.
CIENA CORP (CIEN) has a current P/E ratio of 564.6, compared to its historical median P/E of 23.7. The stock is currently considered Expensive based on its historical valuation range.
CIENA CORP (CIEN) has a 5-year average return on invested capital (ROIC) of 9.4%. This is below average and may indicate limited pricing power.
CIENA CORP (CIEN) has a market capitalization of $67.9B. It is classified as a large-cap stock.
CIENA CORP (CIEN) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.49%.
Based on historical P/E analysis, CIENA CORP (CIEN) appears expensive. The current P/E of 564.6 is 2285% above its historical median of 23.7. The estimated fair value CAGR (P/E method) is -8.0%.
CIENA CORP (CIEN) operates in the Telephone & Telegraph Apparatus industry, within the Industrials sector.
CIENA CORP (CIEN) reported annual revenue of $4.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
CIENA CORP (CIEN) has a net profit margin of 2.6%. This is a modest margin.
CIENA CORP (CIEN) generated $665 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CIENA CORP (CIEN) has a debt-to-equity ratio of 0.58. This indicates moderate leverage.
CIENA CORP (CIEN) reported earnings per share (EPS) of $0.85 in its most recent fiscal year.
CIENA CORP (CIEN) has a return on equity (ROE) of 4.4%. This indicates moderate shareholder returns.
CIENA CORP (CIEN) has a 5-year average gross margin of 43.6%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for CIENA CORP (CIEN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CIENA CORP (CIEN) has a book value per share of $18.81, based on its most recent annual SEC filing.
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