CIEN vs. FN: Ciena vs. Fabrinet Stock Comparison
How do Ciena (CIEN) and Fabrinet (FN) 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 Fabrinet (FN) both fall under the Technology Hardware & Equipment industry group, but CIEN is classified in Communications Equipment while FN is classified in Electronic Equipment, Instruments & Components.
| Profile Item | CIEN | FN |
|---|---|---|
| Name | Ciena Corp. | Fabrinet |
| Country/Region | United States | Cayman Islands |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Technology Hardware & Equipment | Technology Hardware & Equipment |
| GICS Industry | Communications Equipment | Electronic Equipment, Instruments & Components |
| GICS Sub-Industry | Communications Equipment | Electronic Manufacturing Services |
| Market Capitalization | 34.51 billion USD | 11.68 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | February 7, 1997 | June 25, 2010 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CIEN | FN |
|---|---|---|
| Total Return (1Y) | 36.49% | -18.88% |
| Total Return (3Y, Annualized) | 84.56% | 29.70% |
| Total Return (5Y, Annualized) | 35.01% | 25.04% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CIEN | FN |
|---|---|---|
| Volatility (1Y, Annualized) | 81.12% | 81.72% |
| Beta (5Y) | 1.39 | 1.33 |
| Max Drawdown (5Y) | -63.19% | -60.75% |
| Avg. Volume (3M) | 2.83M | 999.77K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CIEN | FN |
|---|---|---|
| Sharpe Ratio (1Y) | 0.40 | -0.28 |
| Sortino Ratio (1Y) | 0.56 | -0.40 |
Profitability
ROE (TTM)
Both Ciena (CIEN) at 22.40% and Fabrinet (FN) at 21.00% 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%
FN
Technology Hardware & Equipment industry group
21.00%
- Max
- 42.47%
- FN
- 21.00%
- Q3
- 19.13%
- Median
- 11.00%
- Q1
- 1.63%
- Min
- -20.62%
Net Margin (TTM)
Both Ciena (CIEN) at 10.87% and Fabrinet (FN) at 9.36% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
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%
FN
Technology Hardware & Equipment industry group
9.36%
- Max
- 27.60%
- Q3
- 11.66%
- FN
- 9.36%
- Median
- 4.08%
- Q1
- 0.00%
- Min
- -11.02%
Operating Margin (TTM)
Both Ciena (CIEN) at 18.08% and Fabrinet (FN) at 9.95% 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%
FN
Technology Hardware & Equipment industry group
9.95%
- Max
- 36.27%
- Q3
- 18.36%
- FN
- 9.95%
- Median
- 8.84%
- Q1
- 1.46%
- Min
- -21.39%
Profitability Metrics
| Metric | CIEN | FN |
|---|---|---|
| ROE (TTM) | 22.40% | 21.00% |
| ROA (TTM) | 7.73% | 8.80% |
| Net Margin (TTM) | 10.87% | 9.36% |
| Operating Margin (TTM) | 18.08% | 9.95% |
| Gross Margin (TTM) | 44.07% | 11.95% |
Growth
Revenue Growth
Fabrinet (FN) at 35.73% sits in the top revenue growth quartile, while Ciena (CIEN) at 18.79% is closer to the peer norm — faster top-line expansion for FN.
EPS Growth
Ciena (CIEN) at 46.55% sits in the top EPS growth quartile, while Fabrinet (FN) at 42.31% is closer to the peer norm — faster per-share earnings growth for CIEN.
Growth Metrics
| Metric | CIEN | FN |
|---|---|---|
| Revenue Growth (YoY) | 18.79% | 35.73% |
| Revenue Growth (3Y CAGR) | 9.50% | 20.61% |
| EPS Growth (YoY) | 46.55% | 42.31% |
| EPS Growth (3Y CAGR) | -5.27% | 24.70% |
Financial Strength
Current Ratio (MRQ)
Fabrinet (FN) at 2.04 keeps current ratio within its industry’s typical mid-range, while Ciena (CIEN) at 3.80 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
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
FN
Technology Hardware & Equipment industry group
2.04
- Max
- 5.34
- Q3
- 3.02
- FN
- 2.04
- Median
- 1.95
- Q1
- 1.32
- Min
- 0.17
Debt / Equity (MRQ)
Fabrinet (FN) at 0.03 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
FN
Technology Hardware & Equipment industry group
0.03
- Max
- 1.76
- Q3
- 0.78
- Median
- 0.24
- Q1
- 0.04
- FN
- 0.03
- Min
- 0.01
Financial Strength Metrics
| Metric | CIEN | FN |
|---|---|---|
| Current Ratio (MRQ) | 3.80 | 2.04 |
| Debt / Equity (MRQ) | 1.07 | 0.03 |
| Net Debt / EBITDA | 0.64 | -1.15 |
Dividends
Dividend Yield (TTM)
Neither Ciena (CIEN) nor Fabrinet (FN) 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%
FN
Technology Hardware & Equipment industry group
0.00%
- Max
- 0.73%
- Q3
- 0.31%
- FN
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Ciena (CIEN) nor Fabrinet (FN) 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%
FN
Technology Hardware & Equipment industry group
0.00%
- Max
- 32.27%
- Q3
- 14.48%
- FN
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CIEN | FN |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Fabrinet (FN) at 24.69 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
FN
Technology Hardware & Equipment industry group
24.69
- Max
- 69.48
- Q3
- 41.02
- Median
- 26.39
- FN
- 24.69
- Q1
- 19.36
- Min
- 6.07
P/S Ratio (TTM)
On P/S ratio, both Ciena (CIEN) at 5.73 and Fabrinet (FN) at 2.27 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
FN
Technology Hardware & Equipment industry group
2.27
- Max
- 11.30
- Q3
- 5.82
- Median
- 2.56
- FN
- 2.27
- Q1
- 1.05
- Min
- 0.00
P/B Ratio (MRQ)
Fabrinet (FN) at 4.66 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
FN
Technology Hardware & Equipment industry group
4.66
- Max
- 10.75
- Q3
- 5.52
- FN
- 4.66
- Median
- 3.17
- Q1
- 1.79
- Min
- 0.33
Valuation Metrics
| Metric | CIEN | FN |
|---|---|---|
| P/E Ratio (TTM) | 54.45 | 24.69 |
| P/S Ratio (TTM) | 5.73 | 2.27 |
| P/B Ratio (MRQ) | 11.30 | 4.66 |
| Free Cash Flow Yield (TTM) | 1.84% | -2.11% |