CIEN vs. CRWV: Ciena vs. CoreWeave Stock Comparison

November 11, 2026

How do Ciena (CIEN) and CoreWeave (CRWV) 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 CoreWeave (CRWV) share the Information Technology sector but sit in different industry groups — CIEN in Technology Hardware & Equipment and CRWV in Software & Services.

Ciena (CIEN) carries decades of public-market history since February 7, 1997, while CoreWeave (CRWV) listed on March 28, 2025 — long-window comparisons have far more historical data on the CIEN side.

Company profile comparison for Ciena (CIEN) and CoreWeave (CRWV)
Profile Item	CIEN	CRWV
Name	Ciena Corp.	CoreWeave Inc. Class A Common Stock
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Software & Services
GICS Industry	Communications Equipment	IT Services
GICS Sub-Industry	Communications Equipment	Internet Services & Infrastructure
Market Capitalization	34.51 billion USD	25.59 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	February 7, 1997	March 28, 2025
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CIEN

CRWV

GSPC

Ciena (CIEN) vs. CoreWeave (CRWV), 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 CoreWeave (CRWV). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Ciena (CIEN) and CoreWeave (CRWV)
Metric	CIEN	CRWV
Total Return (1Y)	36.49%	-52.69%
Total Return (3Y, Annualized)	84.56%	--
Total Return (5Y, Annualized)	35.01%	--

Risk Profile

Drawdown History

CIEN

CRWV

GSPC

Ciena (CIEN) vs. CoreWeave (CRWV), 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 CoreWeave (CRWV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Ciena (CIEN) and CoreWeave (CRWV)
Metric	CIEN	CRWV
Volatility (1Y, Annualized)	81.12%	98.61%
Beta (5Y)	1.39	7.43
Max Drawdown (5Y)	-63.19%	-76.22%
Avg. Volume (3M)	2.83M	40.98M

Risk-Adjusted Performance

Risk-Return Positioning

CIEN and CRWV 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 CoreWeave (CRWV)
Metric	CIEN	CRWV
Sharpe Ratio (1Y)	0.40	-0.58
Sortino Ratio (1Y)	0.56	-0.86

Profitability

ROE (TTM)

CoreWeave (CRWV) reports a negative ROE of -43.60%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Ciena (CIEN) reports 22.40%, ranking against industry peers normally.

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%

CRWV

Software & Services industry group

-43.60%

Max: 53.85%
Q3: 17.90%
Median: 6.59%
Q1: -9.59%
CRWV: -43.60%
Min: -50.52%

Ciena (CIEN) vs. CoreWeave (CRWV): A comparison of their ROE against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Net Margin (TTM)

CoreWeave (CRWV) reports a negative net margin of -25.40%, usually indicating a net loss over the period. Meanwhile Ciena (CIEN) reports 10.87%, ranking against industry peers normally.

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%

CRWV

Software & Services industry group

-25.40%

Max: 41.17%
Q3: 15.28%
Median: 4.63%
Q1: -5.42%
CRWV: -25.40%
Min: -33.17%

Ciena (CIEN) vs. CoreWeave (CRWV): A comparison of their net margin against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Operating Margin (TTM)

CoreWeave (CRWV) reports a negative operating margin of -1.90%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Ciena (CIEN) reports 18.08%, ranking against industry peers normally.

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%

CRWV

Software & Services industry group

-1.90%

Max: 46.89%
Q3: 17.64%
Median: 8.73%
CRWV: -1.90%
Q1: -2.13%
Min: -30.45%

Ciena (CIEN) vs. CoreWeave (CRWV): A comparison of their operating margin against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Profitability Metrics

Profitability metrics for Ciena (CIEN) and CoreWeave (CRWV)
Metric	CIEN	CRWV
ROE (TTM)	22.40%	-43.60%
ROA (TTM)	7.73%	-0.24%
Net Margin (TTM)	10.87%	-25.40%
Operating Margin (TTM)	18.08%	-1.90%
Gross Margin (TTM)	44.07%	67.42%

Growth

Revenue Growth

CoreWeave (CRWV) at 167.94% 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. CoreWeave (CRWV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Ciena (CIEN) reports EPS growth of 46.55%, ranked against its industry; CoreWeave (CRWV) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for Ciena (CIEN) and CoreWeave (CRWV)
Metric	CIEN	CRWV
Revenue Growth (YoY)	18.79%	167.94%
Revenue Growth (3Y CAGR)	9.50%	586.92%
EPS Growth (YoY)	46.55%	--
EPS Growth (3Y CAGR)	-5.27%	--

Financial Strength

Current Ratio (MRQ)

Ciena (CIEN) at 3.80 carries current ratio above its industry’s typical mid-range, while CoreWeave (CRWV) at 0.46 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

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

CRWV

Software & Services industry group

0.46

Max: 5.11
Q3: 2.77
Median: 1.67
Q1: 1.01
CRWV: 0.46
Min: 0.03

Ciena (CIEN) vs. CoreWeave (CRWV): A comparison of their current ratio against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but CRWV is more stretched: Ciena (CIEN) at 1.07 sits in the higher-leverage quartile and CoreWeave (CRWV) at 10.27 is above its industry benchmark range.

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

CRWV

Software & Services industry group

10.27

CRWV: 10.27
Max: 2.52
Q3: 1.13
Median: 0.40
Q1: 0.07
Min: 0.00

Ciena (CIEN) vs. CoreWeave (CRWV): A comparison of their debt-to-equity ratio against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Financial Strength Metrics

Financial strength metrics for Ciena (CIEN) and CoreWeave (CRWV)
Metric	CIEN	CRWV
Current Ratio (MRQ)	3.80	0.46
Debt / Equity (MRQ)	1.07	10.27
Net Debt / EBITDA	0.64	12.16

Dividends

Dividend Yield (TTM)

Neither Ciena (CIEN) nor CoreWeave (CRWV) 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%

CRWV

Software & Services industry group

0.00%

CRWV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Ciena (CIEN) vs. CoreWeave (CRWV): A comparison of their dividend yield against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Dividend Payout Ratio (TTM)

Neither Ciena (CIEN) nor CoreWeave (CRWV) 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%

CRWV

Software & Services industry group

0.00%

CRWV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Ciena (CIEN) vs. CoreWeave (CRWV): A comparison of their payout ratio against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Dividend Metrics

Dividend metrics for Ciena (CIEN) and CoreWeave (CRWV)
Metric	CIEN	CRWV
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Ciena (CIEN) trades at 54.45 times trailing earnings, ranked against its peers, while CoreWeave (CRWV) has no P/E ratio this period.

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

CRWV

Software & Services industry group

Max: 112.94
Q3: 60.32
Median: 32.91
Q1: 18.77
Min: 6.69
CRWV: --

Ciena (CIEN) vs. CoreWeave (CRWV): CRWV does not report P/E ratio, so it has no value marker; CIEN is benchmarked against the Technology Hardware & Equipment industry group.

P/S Ratio (TTM)

On P/S ratio, both Ciena (CIEN) at 5.73 and CoreWeave (CRWV) at 3.37 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

CRWV

Software & Services industry group

3.37

Max: 17.91
Q3: 8.78
Median: 4.25
CRWV: 3.37
Q1: 2.23
Min: 0.02

Ciena (CIEN) vs. CoreWeave (CRWV): A comparison of their P/S ratio against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

P/B Ratio (MRQ)

CoreWeave (CRWV) at 5.09 sits near its industry’s typical P/B ratio, while Ciena (CIEN) at 11.30 prices above its benchmark range — CIEN looks rich relative to book.

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

CRWV

Software & Services industry group

5.09

Max: 16.63
Q3: 8.50
CRWV: 5.09
Median: 4.30
Q1: 1.92
Min: -3.90

Ciena (CIEN) vs. CoreWeave (CRWV): A comparison of their P/B ratio against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Valuation Metrics

Valuation metrics for Ciena (CIEN) and CoreWeave (CRWV)
Metric	CIEN	CRWV
P/E Ratio (TTM)	54.45	--
P/S Ratio (TTM)	5.73	3.37
P/B Ratio (MRQ)	11.30	5.09
Free Cash Flow Yield (TTM)	1.84%	-35.51%