CIEN vs. CRDO: Ciena vs. Credo Stock Comparison

November 11, 2026

How do Ciena (CIEN) and Credo (CRDO) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Ciena (CIEN) and Credo (CRDO) share the Information Technology sector but sit in different industry groups — CIEN in Technology Hardware & Equipment and CRDO in Semiconductors & Semiconductor Equipment.

Ciena (CIEN) has more than two decades of public-market history since February 7, 1997, whereas Credo (CRDO) listed on January 27, 2022 and has a much shorter record to draw on.

Company profile comparison for Ciena (CIEN) and Credo (CRDO)
Profile Item	CIEN	CRDO
Name	Ciena Corp.	Credo Technology Group Holding Ltd
Country/Region	United States	Cayman Islands
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Communications Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Communications Equipment	Semiconductors
Market Capitalization	34.51 billion USD	22.65 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	February 7, 1997	January 27, 2022
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CIEN

CRDO

GSPC

Ciena (CIEN) vs. Credo (CRDO), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Ciena (CIEN) and Credo (CRDO). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ciena (CIEN) and Credo (CRDO). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Ciena (CIEN) and Credo (CRDO)
Metric	CIEN	CRDO
Total Return (1Y)	36.49%	-17.42%
Total Return (3Y, Annualized)	84.56%	107.84%
Total Return (5Y, Annualized)	35.01%	--

Risk Profile

Drawdown History

CIEN

CRDO

GSPC

Ciena (CIEN) vs. Credo (CRDO), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Ciena (CIEN) and Credo (CRDO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Ciena (CIEN) and Credo (CRDO)
Metric	CIEN	CRDO
Volatility (1Y, Annualized)	81.12%	98.54%
Beta (5Y)	1.39	3.31
Max Drawdown (5Y)	-63.19%	-62.87%
Avg. Volume (3M)	2.83M	8.02M

Risk-Adjusted Performance

Risk-Return Positioning

CIEN and CRDO are plotted by 1-year volatility (risk) and 1-year return. Each dashed Capital Allocation Line uses that stock's own industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Ciena (CIEN) and Credo (CRDO)
Metric	CIEN	CRDO
Sharpe Ratio (1Y)	0.40	-0.22
Sortino Ratio (1Y)	0.56	-0.32

Profitability

ROE (TTM)

Both Ciena (CIEN) at 22.40% and Credo (CRDO) at 30.67% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

CIEN

Technology Hardware & Equipment industry group

22.40%

Max: 42.47%
CIEN: 22.40%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

CRDO

Semiconductors & Semiconductor Equipment industry group

30.67%

Max: 52.82%
CRDO: 30.67%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Ciena (CIEN) vs. Credo (CRDO): A comparison of their ROE against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Net Margin (TTM)

Credo (CRDO) at 33.83% retains a top-quartile share of revenue as profit, ahead of Ciena (CIEN) at 10.87%, which keeps about the industry-typical share.

CIEN

Technology Hardware & Equipment industry group

10.87%

Max: 27.60%
Q3: 11.66%
CIEN: 10.87%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

CRDO

Semiconductors & Semiconductor Equipment industry group

33.83%

Max: 63.80%
CRDO: 33.83%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Ciena (CIEN) vs. Credo (CRDO): A comparison of their net margin against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Operating Margin (TTM)

Both Ciena (CIEN) at 18.08% and Credo (CRDO) at 25.20% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CIEN

Technology Hardware & Equipment industry group

18.08%

Max: 36.27%
Q3: 18.36%
CIEN: 18.08%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

CRDO

Semiconductors & Semiconductor Equipment industry group

25.20%

Max: 58.66%
Q3: 30.23%
CRDO: 25.20%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Ciena (CIEN) vs. Credo (CRDO): A comparison of their operating margin against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Profitability Metrics

Profitability metrics for Ciena (CIEN) and Credo (CRDO)
Metric	CIEN	CRDO
ROE (TTM)	22.40%	30.67%
ROA (TTM)	7.73%	16.11%
Net Margin (TTM)	10.87%	33.83%
Operating Margin (TTM)	18.08%	25.20%
Gross Margin (TTM)	44.07%	67.07%

Growth

Revenue Growth

Credo (CRDO) at 205.68% clears its industry range for revenue growth, far stronger top-line momentum than Ciena (CIEN) at 18.79%, which is closer to a typical peer reading.

Ciena (CIEN) vs. Credo (CRDO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both companies show strong earnings momentum, but Credo (CRDO) at 765.52% is the standout with EPS growth above its industry range; Ciena (CIEN) at 46.55% also sits in the top quartile.

Ciena (CIEN) vs. Credo (CRDO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ciena (CIEN) and Credo (CRDO)
Metric	CIEN	CRDO
Revenue Growth (YoY)	18.79%	205.68%
Revenue Growth (3Y CAGR)	9.50%	93.53%
EPS Growth (YoY)	46.55%	765.52%
EPS Growth (3Y CAGR)	-5.27%	--

Financial Strength

Current Ratio (MRQ)

Both Ciena (CIEN) at 3.80 and Credo (CRDO) at 7.40 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

CIEN

Technology Hardware & Equipment industry group

3.80

Max: 5.34
CIEN: 3.80
Q3: 3.02
Median: 1.95
Q1: 1.32
Min: 0.17

CRDO

Semiconductors & Semiconductor Equipment industry group

7.40

Max: 10.33
CRDO: 7.40
Q3: 5.62
Median: 3.33
Q1: 2.35
Min: 1.03

Ciena (CIEN) vs. Credo (CRDO): A comparison of their current ratio against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Debt / Equity (MRQ)

Credo (CRDO) at 0.01 keeps leverage in the lower quartile, while Ciena (CIEN) at 1.07 sits in the higher-leverage quartile.

CIEN

Technology Hardware & Equipment industry group

1.07

Max: 1.76
CIEN: 1.07
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.01

CRDO

Semiconductors & Semiconductor Equipment industry group

0.01

Max: 1.46
Q3: 0.65
Median: 0.27
Q1: 0.04
CRDO: 0.01
Min: 0.00

Ciena (CIEN) vs. Credo (CRDO): A comparison of their debt-to-equity ratio against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Financial Strength Metrics

Financial strength metrics for Ciena (CIEN) and Credo (CRDO)
Metric	CIEN	CRDO
Current Ratio (MRQ)	3.80	7.40
Debt / Equity (MRQ)	1.07	0.01
Net Debt / EBITDA	0.64	-1.36

Dividends

Dividend Yield (TTM)

Neither Ciena (CIEN) nor Credo (CRDO) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CIEN

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
CIEN: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CRDO

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 1.37%
Q3: 0.65%
CRDO: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Ciena (CIEN) vs. Credo (CRDO): A comparison of their dividend yield against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Dividend Payout Ratio (TTM)

Neither Ciena (CIEN) nor Credo (CRDO) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CIEN

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
CIEN: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CRDO

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 49.64%
Q3: 21.71%
CRDO: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Ciena (CIEN) vs. Credo (CRDO): A comparison of their payout ratio against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Dividend Metrics

Dividend metrics for Ciena (CIEN) and Credo (CRDO)
Metric	CIEN	CRDO
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Credo (CRDO) at 42.73 is near its industry’s usual P/E ratio, while Ciena (CIEN) at 54.45 sits in the richer quartile — CIEN needs stronger growth or earnings quality to justify the premium.

CIEN

Technology Hardware & Equipment industry group

54.45

Max: 69.48
CIEN: 54.45
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07

CRDO

Semiconductors & Semiconductor Equipment industry group

42.73

Max: 110.34
Q3: 66.81
CRDO: 42.73
Median: 37.02
Q1: 23.96
Min: 8.12

Ciena (CIEN) vs. Credo (CRDO): A comparison of their P/E ratio against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

P/S Ratio (TTM)

Ciena (CIEN) at 5.73 is priced about in line with its industry on P/S ratio, while Credo (CRDO) at 14.24 sits in the pricier quartile — CRDO costs more per dollar of sales.

CIEN

Technology Hardware & Equipment industry group

5.73

Max: 11.30
Q3: 5.82
CIEN: 5.73
Median: 2.56
Q1: 1.05
Min: 0.00

CRDO

Semiconductors & Semiconductor Equipment industry group

14.24

Max: 21.42
CRDO: 14.24
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

Ciena (CIEN) vs. Credo (CRDO): A comparison of their P/S ratio against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

P/B Ratio (MRQ)

Both look rich against book: Credo (CRDO) at 8.29 sits in the upper P/B ratio quartile, and Ciena (CIEN) at 11.30 prices even higher, above its industry range.

CIEN

Technology Hardware & Equipment industry group

11.30

CIEN: 11.30
Max: 10.75
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

CRDO

Semiconductors & Semiconductor Equipment industry group

8.29

Max: 14.06
CRDO: 8.29
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

Ciena (CIEN) vs. Credo (CRDO): A comparison of their P/B ratio against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Valuation Metrics

Valuation metrics for Ciena (CIEN) and Credo (CRDO)
Metric	CIEN	CRDO
P/E Ratio (TTM)	54.45	42.73
P/S Ratio (TTM)	5.73	14.24
P/B Ratio (MRQ)	11.30	8.29
Free Cash Flow Yield (TTM)	1.84%	1.10%