Ciena (CIEN) Stock Analysis
This is a peer-relative look at Ciena (CIEN): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Technology Hardware & Equipment peers, so every number reads in context rather than in isolation.
Company Profile
| Profile Item | CIEN |
|---|---|
| Name | Ciena Corp. |
| Country/Region | United States |
| GICS Sector | Information Technology |
| GICS Industry Group | Technology Hardware & Equipment |
| GICS Industry | Communications Equipment |
| GICS Sub-Industry | Communications Equipment |
| Market Capitalization | 34.51 billion USD |
| Currency | USD |
| Exchange | NYSE |
| Listing Date | February 7, 1997 |
| Security Type | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | Current stock: CIEN | Industry group median |
|---|---|---|
| Total Return (1Y) | 36.49% | 19.81% |
| Total Return (3Y, Annualized) | 84.56% | 26.50% |
| Total Return (5Y, Annualized) | 35.01% | 9.52% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | Current stock: CIEN | Industry group median |
|---|---|---|
| Volatility (1Y, Annualized) | 81.12% | 55.75% |
| Beta (5Y) | 1.39 | 1.39 |
| Max Drawdown (5Y) | -63.19% | -58.83% |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | Current stock: CIEN | Industry group median |
|---|---|---|
| Sharpe Ratio (1Y) | 0.40 | 0.28 |
| Sortino Ratio (1Y) | 0.56 | 0.40 |
Profitability
ROE (TTM)
Ciena (CIEN) posts ROE of 22.40%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.
CIEN
Technology Hardware & Equipment industry group
22.40%
Group distribution
- Max
- 42.47%
- CIEN
- 22.40%
- Q3
- 19.13%
- Median
- 11.00%
- Q1
- 1.63%
- Min
- -20.62%
Largest peers
- AAPL
- 142.26%
- SNDK
- 141.17%
- APH
- 40.08%
- ANET
- 33.52%
- CSCO
- 27.32%
- CIEN
- 22.40%
- DELL
- --
Net Margin (TTM)
Ciena (CIEN) keeps 10.87% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.
CIEN
Technology Hardware & Equipment industry group
10.87%
Group distribution
- Max
- 27.60%
- Q3
- 11.66%
- CIEN
- 10.87%
- Median
- 4.08%
- Q1
- 0.00%
- Min
- -11.02%
Largest peers
- SNDK
- 67.04%
- ANET
- 39.97%
- AAPL
- 27.60%
- CSCO
- 20.95%
- APH
- 17.95%
- CIEN
- 10.87%
- DELL
- 7.53%
Operating Margin (TTM)
Ciena (CIEN) turns 18.08% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.
CIEN
Technology Hardware & Equipment industry group
18.08%
Group distribution
- Max
- 36.27%
- Q3
- 18.36%
- CIEN
- 18.08%
- Median
- 8.84%
- Q1
- 1.46%
- Min
- -21.39%
Largest peers
- SNDK
- 79.59%
- ANET
- 44.90%
- AAPL
- 31.13%
- APH
- 29.68%
- CSCO
- 27.72%
- CIEN
- 18.08%
- DELL
- 12.02%
Profitability Metrics
| Metric | Current stock: CIEN | Industry group median |
|---|---|---|
| ROE (TTM) | 22.40% | 11.00% |
| ROA (TTM) | 7.73% | 4.78% |
| Net Margin (TTM) | 10.87% | 4.08% |
| Operating Margin (TTM) | 18.08% | 8.84% |
| Gross Margin (TTM) | 44.07% | 39.87% |
Growth
Revenue Growth
Ciena (CIEN) grew revenue 18.79%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.
EPS Growth
Ciena (CIEN) grew earnings per share 46.55%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.
Growth Metrics
| Metric | Current stock: CIEN | Industry group median |
|---|---|---|
| Revenue Growth (YoY) | 18.79% | 10.87% |
| Revenue Growth (3Y CAGR) | 9.50% | 2.79% |
| EPS Growth (YoY) | 46.55% | 14.29% |
| EPS Growth (3Y CAGR) | -5.27% | 3.49% |
Financial Strength
Current Ratio (MRQ)
Ciena (CIEN) has current ratio of 3.80, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.
CIEN
Technology Hardware & Equipment industry group
3.80
Group distribution
- Max
- 5.34
- CIEN
- 3.80
- Q3
- 3.02
- Median
- 1.95
- Q1
- 1.32
- Min
- 0.17
Largest peers
- CIEN
- 3.80
- ANET
- 3.29
- SNDK
- 2.58
- APH
- 1.94
- AAPL
- 1.02
- DELL
- 0.96
- CSCO
- 0.93
Debt / Equity (MRQ)
Ciena (CIEN) has debt-to-equity ratio of 1.07, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.
CIEN
Technology Hardware & Equipment industry group
1.07
Group distribution
- Max
- 1.76
- CIEN
- 1.07
- Q3
- 0.78
- Median
- 0.24
- Q1
- 0.04
- Min
- 0.01
Largest peers
- CIEN
- 1.07
- APH
- 1.03
- AAPL
- 0.84
- CSCO
- 0.62
- SNDK
- 0.01
- ANET
- --
- DELL
- --
Financial Strength Metrics
| Metric | Current stock: CIEN | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | 3.80 | 1.95 |
| Debt / Equity (MRQ) | 1.07 | 0.24 |
| Net Debt / EBITDA | 0.64 | 0.16 |
Dividends
Dividend Yield (TTM)
Ciena (CIEN) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.
CIEN
Technology Hardware & Equipment industry group
0.00%
Group distribution
- Max
- 0.73%
- Q3
- 0.31%
- CIEN
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- CSCO
- 1.73%
- DELL
- 0.73%
- APH
- 0.70%
- AAPL
- 0.31%
- CIEN
- 0.00%
- ANET
- 0.00%
- SNDK
- 0.00%
Dividend Payout Ratio (TTM)
Ciena (CIEN) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.
CIEN
Technology Hardware & Equipment industry group
0.00%
Group distribution
- Max
- 32.27%
- Q3
- 14.48%
- CIEN
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- CSCO
- 49.85%
- APH
- 21.74%
- DELL
- 13.43%
- AAPL
- 11.80%
- CIEN
- 0.00%
- ANET
- 0.00%
- SNDK
- 0.00%
Dividend Metrics
| Metric | Current stock: CIEN | Industry group median |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Ciena (CIEN) trades at P/E ratio of 54.45, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.
CIEN
Technology Hardware & Equipment industry group
54.45
Group distribution
- Max
- 69.48
- CIEN
- 54.45
- Q3
- 41.02
- Median
- 26.39
- Q1
- 19.36
- Min
- 6.07
Largest peers
- CIEN
- 54.45
- ANET
- 45.79
- AAPL
- 38.13
- APH
- 32.43
- CSCO
- 28.18
- DELL
- 19.10
- SNDK
- 6.67
P/S Ratio (TTM)
Ciena (CIEN) trades at 5.73 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.
CIEN
Technology Hardware & Equipment industry group
5.73
Group distribution
- Max
- 11.30
- Q3
- 5.82
- CIEN
- 5.73
- Median
- 2.56
- Q1
- 1.05
- Min
- 0.00
Largest peers
- ANET
- 18.15
- AAPL
- 10.39
- CSCO
- 5.84
- CIEN
- 5.73
- APH
- 5.57
- SNDK
- 4.10
- DELL
- 1.38
P/B Ratio (MRQ)
Ciena (CIEN) trades at 11.30 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.
CIEN
Technology Hardware & Equipment industry group
11.30
Group distribution
- CIEN
- 11.30
- Max
- 10.75
- Q3
- 5.52
- Median
- 3.17
- Q1
- 1.79
- Min
- 0.33
Largest peers
- AAPL
- 44.39
- ANET
- 13.12
- CIEN
- 11.30
- APH
- 10.75
- CSCO
- 7.36
- SNDK
- 6.63
- DELL
- -147.32
Valuation Metrics
| Metric | Current stock: CIEN | Industry group median |
|---|---|---|
| P/E Ratio (TTM) | 54.45 | 26.39 |
| P/S Ratio (TTM) | 5.73 | 2.56 |
| P/B Ratio (MRQ) | 11.30 | 3.17 |
| Free Cash Flow Yield (TTM) | 1.84% | 2.83% |