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.

332.73 23.79 −6.67%
Market cap
$50.6B
P/E
72.0×
Fwd P/E
94.0×
Dividend yield
—
F-score
7/9
Altman Z
5.80
Beneish M
−2.92
Dividend safety
n/a

Ciena Corporation (CIEN) EV/Sales

Alert me on 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

Against its own ten years

Low 1.0× High 16.0×
Ten-year median 1.7×
Current reading's percentile 94

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)

The full definition of EV/Sales →

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