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) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Ciena Corporation (CIEN) trades at a P/E ratio of 72.0×. Over the past ten years it has ranged from 0.0× (January 2019) to 323× (April 2026); the current reading is higher than 75% of that period. That is above the Communication Equipment industry median of 33.5× and above the Technology sector median of 28.2×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 221× 101.68%
FY2024 110× 346.30%
FY2023 24.5× (47.75%)
FY2022 47.0× 173.64%
FY2021 17.2× 2.57%
FY2020 16.7× (26.08%)
FY2019 22.6× —
FY2018 0.0× —
FY2017 2.4× (93.54%)
FY2016 37.3× (83.22%)

Quarterly newest first

Period P/E ratio Change
Jul 2026 81.6× (52.20%)
Apr 2026 171× 2.38%
Jan 2026 167× (24.49%)
Oct 2025 221× 133.11%
43 more quarters

Against its own ten years

Low 0.0× High 323×
Ten-year median 29.5×
Current reading's percentile 74

P/E ratio against peers

Company P/E ratio
LITE Lumentum Holdings Inc. compare n/m
ASTS AST SpaceMobile, Inc. compare n/m
NOK Nokia Corporation compare 4.9×
ERIC Ericsson compare 13.6×
HPE Hewlett Packard Enterprise Company compare 27.4×
ZBRA Zebra Technologies Corporation compare 33.5×
MSI Motorola Solutions, Inc. compare 36.1×
UI Ubiquiti Inc. compare 37.8×
CIEN Ciena Corporation 72.0×
Communication Equipment industry median 33.5×
Technology sector median 28.2×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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