CIENA CORP (CIEN) Factsheet
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CIENA CORP (CIEN) Stock Analysis
Analysis from 10-K filed 2025-12-12. Data as of Q2 2026.
Overall Grade: F (Concerning)
Grade F (Concerning). ROIC 10.8%. FCF margin 15.0%. D/E 0.5x. Source: 10-K filed 2025-12-12.
| Metric | Value | Context |
|---|---|---|
| ROIC | 10.8% | Near cost of capital |
| FCF Margin | 15.0% | Healthy cash flow |
| Debt/Equity | 0.5x | Moderate leverage |
ROIC 10.8% — Top 50% of sector peers. FCF margin 15.0% — Top 50%.
Explore CIENA CORP: Earnings History | Filings
Programmatic access: Available via MCP at mcp.metricduck.com. Tools for CIEN: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.
Profitability: CIENA CORP earns 10.8% ROIC, Top 50% in Technology
ROIC TTM 10.8%, sector median 3.9%, Top 50%. DuPont: NOPAT margin 8.4% × asset turnover 1.0x. Gross margin 43.0%. Operating margin 9.2%. Source: 10-K filed 2025-12-12.
| Metric | CIEN | Rating | Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 10.8% | Adequate | Above sector median of 3.9% |
| Return on Equity (ROE) | 15.7% | Good | Efficient use of shareholder equity |
| Gross Margin | 43.0% | Good | Strong pricing power |
| Operating Margin | 9.2% | Adequate | Moderate operational efficiency |
Cash Flow: CIENA CORP generates $832.7M FCF at 15.0% margin, positive NaN/8 quarters
FCF TTM $832.7M. FCF margin 15.0%, Top 50%. OCF/Net income 2.4x. Positive FCF in NaN/8 trailing quarters. Source: 10-K filed 2025-12-12.
| Metric | CIEN | Rating | Context |
|---|---|---|---|
| Free Cash Flow Margin | 15.0% | Good | Healthy cash generation |
| Free Cash Flow (TTM) | $832.7M | Good | Positive cash generation |
| OCF/Net Income | 2.4x | Excellent | High earnings quality |
| FCF Consistency (8Q) | N/A | Warning | Variable cash flow |
Balance Sheet: CIENA CORP at 0.5x leverage
Debt/Equity 0.5x. Total debt $1.5B, cash & investments $1.2B. Source: 10-K filed 2025-12-12.
| Metric | CIEN | Rating | Context |
|---|---|---|---|
| Debt to Equity | 0.5x | Good | Moderate leverage |
| Net Cash Position | $-328.3M | Adequate | Net debt position |
Valuation: CIENA CORP trades at 173.1x earnings
P/E 173.1x. EV/Sales 5.3x. FCF yield 1.1%. Source: 10-K filed 2025-12-12.
| Metric | CIEN | Rating | Context |
|---|---|---|---|
| P/E Ratio | 173.1x | Warning | Premium valuation |
| EV/Sales | 5.3x | Adequate | Growth premium priced in |
| FCF Yield | 1.1% | Warning | Lower cash yield |
Capital Allocation: CIENA CORP returns 0.4% shareholder yield
Total shareholder yield 0.4% (buyback 0.4%). Capital returned $331.2M TTM. Source: 10-K filed 2025-12-12.
| Metric | CIEN | Rating | Context |
|---|---|---|---|
| Total Shareholder Yield | 0.4% | Adequate | Dividend + buyback yield combined |
| Buyback Yield | 0.4% | Adequate | Minimal buyback activity |
| Total Capital Returned (TTM) | $331.2M | Good | Dividends + buybacks returned to shareholders |
Sector Rankings
| Metric | Value | Percentile | vs Median |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 10.8% | Top 50% | 2.8x above |
| Free Cash Flow Margin | 15.0% | Top 50% | 1.8x above |
| Gross Margin | 43.0% | Bottom 50% | 0.9x below |
| Operating Margin | 9.2% | Top 50% | 1.9x above |
| Return on Equity (ROE) | 15.7% | Top 50% | 3.1x above |
| P/E Ratio | 173.1x | N/A | - |
Financial Scorecard
| Metric | CIEN | Rating | Sector Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 10.8% | Adequate | Top 50% of sector (median: 3.9%) |
| Free Cash Flow Margin | 15.0% | Good | Top 50% of sector (median: 8.4%) |
| Gross Margin | 43.0% | Good | Bottom 50% of sector (median: 50.3%) |
| Debt to Equity Ratio | 52.9% | Good | Moderate leverage |
| P/E Ratio (Price-to-Earnings) | 173.1x | Warning | High expectations priced in |
| Free Cash Flow Yield | 1.1% | Warning | Growth-focused valuation |
Frequently Asked Questions
Q: What is CIENA CORP's Return on Invested Capital (ROIC)?
CIENA CORP (CIEN) has a trailing twelve-month Return on Invested Capital (ROIC) of 10.8%. Sector median 3.9%. Source: 10-K filed 2025-12-12.
Q: What is CIENA CORP's Free Cash Flow Margin?
CIENA CORP (CIEN) has a free cash flow margin of 15.0%, generating $832.7 million in free cash flow over the trailing twelve months. Source: 10-K filed 2025-12-12.
Q: What is CIENA CORP's P/E ratio and how does it compare to peers?
CIENA CORP (CIEN) trades at a P/E ratio of 173.1x, which is above the sector median of N/A. EV/Sales 5.3x. FCF yield 1.1%. Source: 10-K filed 2025-12-12.
Q: How much debt does CIENA CORP have?
CIENA CORP (CIEN) has a debt-to-equity ratio of 0.5x with total debt of $1.5 billion. Net debt $328.3 million. Source: 10-K filed 2025-12-12.
Q: What is CIENA CORP's revenue and earnings growth?
CIENA CORP (CIEN) grew revenue by 30.6% year-over-year. EPS +318.7% YoY. Source: 10-K filed 2025-12-12.
Q: Is CIENA CORP buying back stock?
CIENA CORP (CIEN) repurchased $331.2 million of stock over the trailing twelve months. This represents a buyback yield of 0.4%. Source: 10-K filed 2025-12-12.
Q: How does CIENA CORP compare to competitors in Technology?
Compared to other companies in Technology, CIENA CORP (CIEN) shows: ROIC 10.8%, sector median 3.9% (Top 50%). FCF margin 15.0%, sector median 8.4% (Top 50%). Gross margin 43.0%, 7.2pp below sector median. These rankings are based on MetricDuck's analysis of all Technology companies with available SEC filings.
Q: What warning signs should I watch for with CIENA CORP?
No quantitative warning flags fired for CIENA CORP (CIEN) on margin trend, FCF trend, ROIC trend, or leverage thresholds. Source: 10-K filed 2025-12-12.
Data Source: Data sourced from 10-K filed 2025-12-12. TTM metrics as of Q2 2026.
Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.
Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.
This analysis is for informational purposes only and does not constitute investment advice.