CIEN vs. CSCO: Ciena vs. Cisco Systems Stock Comparison
How do Ciena (CIEN) and Cisco Systems (CSCO) 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 Cisco Systems (CSCO) are both classified in the Communications Equipment sub-industry within the broader Communications Equipment industry, placing them in the closest GICS peer bucket.
| Profile Item | CIEN | CSCO |
|---|---|---|
| Name | Ciena Corp. | Cisco Systems, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Technology Hardware & Equipment | Technology Hardware & Equipment |
| GICS Industry | Communications Equipment | Communications Equipment |
| GICS Sub-Industry | Communications Equipment | Communications Equipment |
| Market Capitalization | 34.51 billion USD | 370.01 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | February 7, 1997 | February 16, 1990 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CIEN | CSCO |
|---|---|---|
| Total Return (1Y) | 36.49% | 40.88% |
| Total Return (3Y, Annualized) | 84.56% | 26.81% |
| Total Return (5Y, Annualized) | 35.01% | 14.44% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CIEN | CSCO |
|---|---|---|
| Volatility (1Y, Annualized) | 81.12% | 36.83% |
| Beta (5Y) | 1.39 | 1.02 |
| Max Drawdown (5Y) | -63.19% | -36.68% |
| Avg. Volume (3M) | 2.83M | 18.52M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CIEN | CSCO |
|---|---|---|
| Sharpe Ratio (1Y) | 0.40 | 0.99 |
| Sortino Ratio (1Y) | 0.56 | 1.44 |
Profitability
ROE (TTM)
Both Ciena (CIEN) at 22.40% and Cisco Systems (CSCO) at 27.32% 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%
CSCO
Technology Hardware & Equipment industry group
27.32%
- Max
- 42.47%
- CSCO
- 27.32%
- Q3
- 19.13%
- Median
- 11.00%
- Q1
- 1.63%
- Min
- -20.62%
Net Margin (TTM)
Cisco Systems (CSCO) at 20.95% 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%
CSCO
Technology Hardware & Equipment industry group
20.95%
- Max
- 27.60%
- CSCO
- 20.95%
- Q3
- 11.66%
- Median
- 4.08%
- Q1
- 0.00%
- Min
- -11.02%
Operating Margin (TTM)
Cisco Systems (CSCO) at 27.72% operates in the top operating margin quartile, ahead of Ciena (CIEN) at 18.08%, which runs around its industry’s norm.
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%
CSCO
Technology Hardware & Equipment industry group
27.72%
- Max
- 36.27%
- CSCO
- 27.72%
- Q3
- 18.36%
- Median
- 8.84%
- Q1
- 1.46%
- Min
- -21.39%
Profitability Metrics
| Metric | CIEN | CSCO |
|---|---|---|
| ROE (TTM) | 22.40% | 27.32% |
| ROA (TTM) | 7.73% | 7.98% |
| Net Margin (TTM) | 10.87% | 20.95% |
| Operating Margin (TTM) | 18.08% | 27.72% |
| Gross Margin (TTM) | 44.07% | 64.52% |
Growth
Revenue Growth
Both Ciena (CIEN) at 18.79% and Cisco Systems (CSCO) at 11.78% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Only one side can be read here: Ciena (CIEN) reports EPS growth of 46.55%, ranked against its industry; Cisco Systems (CSCO) has no EPS growth figure this period.
Growth Metrics
| Metric | CIEN | CSCO |
|---|---|---|
| Revenue Growth (YoY) | 18.79% | 11.78% |
| Revenue Growth (3Y CAGR) | 9.50% | 3.57% |
| 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 Cisco Systems (CSCO) at 0.93 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
CSCO
Technology Hardware & Equipment industry group
0.93
- Max
- 5.34
- Q3
- 3.02
- Median
- 1.95
- Q1
- 1.32
- CSCO
- 0.93
- Min
- 0.17
Debt / Equity (MRQ)
Cisco Systems (CSCO) at 0.62 carries an industry-typical debt-to-equity mix, while Ciena (CIEN) at 1.07 uses more debt funding than most peers.
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
CSCO
Technology Hardware & Equipment industry group
0.62
- Max
- 1.76
- Q3
- 0.78
- CSCO
- 0.62
- Median
- 0.24
- Q1
- 0.04
- Min
- 0.01
Financial Strength Metrics
| Metric | CIEN | CSCO |
|---|---|---|
| Current Ratio (MRQ) | 3.80 | 0.93 |
| Debt / Equity (MRQ) | 1.07 | 0.62 |
| Net Debt / EBITDA | 0.64 | 0.82 |
Dividends
Dividend Yield (TTM)
Ciena (CIEN) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Cisco Systems (CSCO) reports a yield of 1.73%, ranking against industry peers normally.
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%
CSCO
Technology Hardware & Equipment industry group
1.73%
- CSCO
- 1.73%
- Max
- 0.73%
- Q3
- 0.31%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Ciena (CIEN) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Cisco Systems (CSCO) reports a payout of 49.85%, ranking against industry peers normally.
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%
CSCO
Technology Hardware & Equipment industry group
49.85%
- CSCO
- 49.85%
- Max
- 32.27%
- Q3
- 14.48%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CIEN | CSCO |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 1.73% |
| Dividend Payout Ratio (TTM) | 0.00% | 49.85% |
Valuation
P/E Ratio (TTM)
Cisco Systems (CSCO) at 28.18 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
CSCO
Technology Hardware & Equipment industry group
28.18
- Max
- 69.48
- Q3
- 41.02
- CSCO
- 28.18
- Median
- 26.39
- Q1
- 19.36
- Min
- 6.07
P/S Ratio (TTM)
Ciena (CIEN) at 5.73 is priced about in line with its industry on P/S ratio, while Cisco Systems (CSCO) at 5.84 sits in the pricier quartile — CSCO 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
CSCO
Technology Hardware & Equipment industry group
5.84
- Max
- 11.30
- CSCO
- 5.84
- Q3
- 5.82
- Median
- 2.56
- Q1
- 1.05
- Min
- 0.00
P/B Ratio (MRQ)
Both look rich against book: Cisco Systems (CSCO) at 7.36 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
CSCO
Technology Hardware & Equipment industry group
7.36
- Max
- 10.75
- CSCO
- 7.36
- Q3
- 5.52
- Median
- 3.17
- Q1
- 1.79
- Min
- 0.33
Valuation Metrics
| Metric | CIEN | CSCO |
|---|---|---|
| P/E Ratio (TTM) | 54.45 | 28.18 |
| P/S Ratio (TTM) | 5.73 | 5.84 |
| P/B Ratio (MRQ) | 11.30 | 7.36 |
| Free Cash Flow Yield (TTM) | 1.84% | 3.02% |