Stock AnalizCiena Corp. CIEN
Telecommunications Equipment · IPO 1997 · data as of November 13, 2026
Ciena Corp. (CIEN) is a utility company listed in the US with a market value of about $39.8B. In the twelve months to August 1, 2026 it had revenue of $6.0B and net income of $654M, a net margin of 10.9%.
Its overall Stock Analiz score is 1.6 out of 5 (weak). The strongest part is shareholder returns (3/5); the weakest is value (0/5).
Key numbers: a P/E of 62.6, a price to free cash flow of 48.9, 5-year revenue growth of 6% a year, a 5-year average ROIC of 6%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 19% below the current price.
Score: 1.6 / 5
Checks passed
- Revenue growth above 10% last year
- Strong R&D investment or growth above 20%
- Profitable 5 years in a row
- Positive free cash flow
- Liabilities below 60% of assets
- Share count down over 3 years (buybacks)
- 20% to 100% of free cash flow returned to shareholders
- Stock-based pay below 5% of revenue
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.0B | $4.8B | $4.0B | $4.4B | $3.6B | $3.6B | $3.5B | $3.6B | $3.1B | $2.8B | $2.6B |
| Net income | $654M | $123M | $84M | $255M | $153M | $500M | $361M | $253M | -$345M | $1.3B | $73M |
| Free cash flow | $814M | $665M | $378M | $62M | -$259M | $462M | $411M | $351M | $162M | $140M | $182M |
| EPS (diluted) | $4.48 | $0.85 | $0.58 | $1.71 | $1.00 | $3.19 | $2.32 | $1.61 | $-2.49 | $7.53 | $0.51 |
| Net margin | 10.9% | 2.6% | 2.1% | 5.8% | 4.2% | 13.8% | 10.2% | 7.1% | -11.1% | 45.0% | 2.8% |
| ROIC | — | 3.6% | 2.6% | 6.3% | 4.9% | 10.4% | 11.8% | 9.6% | 6.9% | 5.5% | 6.5% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 20 analysts is $512.99, 83% above the current price; targets range from $347.00 to $660.00; the consensus rating is “Buy”; expected EPS is $7.17 for the fiscal year ending October 31, 2026.
Frequently asked questions
What is Ciena’s P/E ratio?
About 62.6, based on the last twelve months of diluted earnings per share (forward P/E about 30.7).
Is Ciena stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 19% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Ciena pay a dividend?
Not currently.
Is Ciena a good stock to buy?
We do not give buy or sell advice. Ciena scores 1.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.