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/S ratio

Alert me on P/S ratio

As of 16 October 2026, Ciena Corporation (CIEN) trades at a P/S ratio of 7.9×. Over the past ten years it has ranged from 0.8× (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 1.8× and above the Technology sector median of 2.7×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 5.7× 147.39%
FY2024 2.3× 59.74%
FY2023 1.4× (28.12%)
FY2022 2.0× (15.87%)
FY2021 2.4× 38.58%
FY2020 1.7× 5.68%
FY2019 1.6× 11.44%
FY2018 1.5× 34.70%
FY2017 1.1× 4.59%
FY2016 1.0× (12.87%)

Quarterly newest first

Period P/S ratio Change
Jul 2026 8.9× (33.84%)
Apr 2026 13.4× 81.15%
Jan 2026 7.4× 31.08%
Oct 2025 5.7× 95.31%
43 more quarters

Against its own ten years

Low 0.8× High 16.0×
Ten-year median 1.8×
Current reading's percentile 94

P/S ratio against peers

Company P/S ratio
ERIC Ericsson compare 1.4×
HPE Hewlett Packard Enterprise Company compare 1.8×
NOK Nokia Corporation compare 2.2×
ZBRA Zebra Technologies Corporation compare 3.0×
MSI Motorola Solutions, Inc. compare 6.3×
CIEN Ciena Corporation 7.9×
UI Ubiquiti Inc. compare 11.1×
LITE Lumentum Holdings Inc. compare 20.4×
ASTS AST SpaceMobile, Inc. compare 105×
Communication Equipment industry median 1.8×
Technology sector median 2.7×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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