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Friday 6 November 2026 Export CIEN’s income statement to Excel — free account

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.

Revenue
+37.1%
EPS
+437.1%
Free cash flow
−13.6%
Total debt
+110.0%

Quarter to July 2026, against a year earlier

241.53 10.72 +4.64%
Market cap
$32.7B
P/E
50.6×
Fwd P/E
55.3×
Dividend yield
—
F-score
7/9
Altman Z
5.80
Beneish M
−2.92
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Ciena Corporation (CIEN) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Ciena Corporation (CIEN) trades at a price to free cash flow of 40.8×. Over the past ten years it has ranged from 0.0× (October 2023) to 376× (August 2022); the current reading is higher than 82% of that period. That is above the Communication Equipment industry median of 21.7× and above the Technology sector median of 18.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 40.6× 66.93%
FY2024 24.3× (75.96%)
FY2023 101× —
FY2022 0.0× —
FY2021 18.6× 26.35%
FY2020 14.7× (10.87%)
FY2019 16.5× (40.68%)
FY2018 27.8× 29.11%
FY2017 21.5× 46.45%
FY2016 14.7× 1.64%

Quarterly newest first

Period Price to free cash flow Change
Jul 2026 65.8× (26.87%)
Apr 2026 89.9× 75.49%
Jan 2026 51.3× 26.23%
Oct 2025 40.6× 86.66%
43 more quarters

Against its own ten years

Low 0.0× High 376×
Ten-year median 21.4×
Current reading's percentile 82

Price to free cash flow against peers

Company Price to free cash flow
ASTS AST SpaceMobile, Inc. compare n/m
ERIC Ericsson compare 12.0×
HPE Hewlett Packard Enterprise Company compare 13.1×
ZBRA Zebra Technologies Corporation compare 15.5×
MSI Motorola Solutions, Inc. compare 33.7×
UI Ubiquiti Inc. compare 34.3×
CIEN Ciena Corporation 40.8×
LITE Lumentum Holdings Inc. compare 118×
NOK Nokia Corporation compare 3,933×
Communication Equipment industry median 21.7×
Technology sector median 18.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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