Ciena Corporation
CIEN Technology Communication Equipment
Ciena Corporation’s revenue for fiscal 2025 (year ended October 2025) was $4.8 billion, up 18.8% from fiscal 2024. In the quarter to July 2026, revenue grew 37.1%, EPS grew 437.1%, free cash flow fell 13.6% and total debt rose 110.0%, each against the same quarter a year earlier. Member of the S&P 500; operating cash flow growth for three consecutive years.
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Ciena Corporation (CIEN) EV/Sales
As of 16 October 2026, Ciena Corporation (CIEN) trades at a EV/Sales of 8.0×. Over the past ten years it has ranged from 1.0× (January 2016) to 16.0× (June 2026); the current reading is higher than 94% of that period. That is above the Communication Equipment industry median of 2.0× and above the Technology sector median of 2.7×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 5.7× | 141.75% |
| FY2024 | 2.4× | 54.06% |
| FY2023 | 1.5× | (22.23%) |
| FY2022 | 2.0× | (6.73%) |
| FY2021 | 2.1× | 36.15% |
| FY2020 | 1.6× | 1.70% |
| FY2019 | 1.5× | 10.06% |
| FY2018 | 1.4× | 27.98% |
| FY2017 | 1.1× | (2.18%) |
| FY2016 | 1.1× | (16.39%) |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jul 2026 | 9.0× | (33.38%) |
| Apr 2026 | 13.5× | 80.82% |
| Jan 2026 | 7.5× | 30.79% |
| Oct 2025 | 5.7× | 93.84% |
| 43 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| ERIC Ericsson compare | 1.3× |
| HPE Hewlett Packard Enterprise Company compare | 2.0× |
| NOK Nokia Corporation compare | 2.0× |
| ZBRA Zebra Technologies Corporation compare | 3.5× |
| MSI Motorola Solutions, Inc. compare | 7.0× |
| CIEN Ciena Corporation | 8.0× |
| UI Ubiquiti Inc. compare | 11.0× |
| LITE Lumentum Holdings Inc. compare | 20.0× |
| ASTS AST SpaceMobile, Inc. compare | 111× |
| Communication Equipment industry median | 2.0× |
| Technology sector median | 2.7× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)
More on CIEN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement