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Ciena Corporation CIEN

Technology  —  Communication Equipment
356.91 (1.52) (0.42%) as of 25 Sep
Market cap
$51.7B
P/E
77.3×
S&P 500 Member Cash Flow Champion (3y)
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Ciena Corporation (CIEN) Current ratio

Ciena Corporation's current ratio at the end of the quarter to 31 July 2026 was 3.8×, up 1.1× from fiscal 2025 (2.7×). Over the past ten years it has ranged from 1.9× (fiscal 2017) to 3.8× (fiscal 2023); the current reading is higher than 36% of that period. That is above the Communication Equipment industry median of 2.0× and above the Technology sector median of 1.9×.

Current ratio, annual

Annual

Period Current ratio Change
FY2025 2.7× (23.13%)
FY2024 3.5× (7.60%)
FY2023 3.8× 17.91%
FY2022 3.3× (7.25%)
FY2021 3.5× 2.20%
FY2020 3.4× 21.91%
FY2019 2.8× 26.55%
FY2018 2.2× 15.08%
FY2017 1.9× (14.38%)
FY2016 2.3× (19.20%)

Quarterly

Period Current ratio Change
Jul 2026 3.8× 39.26%
Apr 2026 2.7× (3.10%)
Jan 2026 2.8× 3.26%
Oct 2025 2.7× (16.95%)
43 more quarters

Against its own ten years

Low 1.9× High 3.8×
Ten-year median 2.8×
Current reading's percentile 36

Current ratio against peers

Company Current ratio
ASTS AST SpaceMobile, Inc. compare 13.1×
CIEN Ciena Corporation 3.8×
UI Ubiquiti Inc. compare 2.9×
LITE Lumentum Holdings Inc. compare 1.7×
NOK Nokia Corporation compare 1.5×
ERIC Ericsson compare 1.1×
HPE Hewlett Packard Enterprise Company compare 1.1×
MSI Motorola Solutions, Inc. compare 1.1×
ZBRA Zebra Technologies Corporation compare 0.5×
Communication Equipment industry median 2.0×
Technology sector median 1.9×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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