CIENA Corp
Research CIENA Corp (CIEN) on Bullrun: valuation model: 39.7% overvalued, market cap USD 63.82B, P/E 100.4. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerCIEN
- ExchangeNYSE
- CountryUnited States
- SectorTechnology
- IndustryCommunication Equipment
- CurrencyUSD
- Valuation signal39.7% overvalued
- Market capUSD 63.82B
- P/E100.4
- Financial periodQ3 2026
- RevenueUSD 1.67B
- Net incomeUSD 266.42M
- Free cash flowUSD 116.30M
- Gross margin45.4%
Valuation Snapshot
Bullrun's latest valuation model marks CIENA Corp as 39.7% overvalued; latest market cap is USD 63.82B; P/E is 100.4.
Peer valuation comparison
Latest P/E is 100.36x versus a Technology sector median of 28.78x (248.7% above).
Latest P/E is 100.36x versus a United States median of 23.85x (320.8% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 4.77B | USD 123.34M | USD 665.29M | 42.0% | 0.85 | USD 1.09B | USD 1.54B | USD 2.73B |
| FY2024 | USD 4.01B | USD 83.96M | USD 377.89M | 42.8% | 0.58 | USD 934.86M | USD 1.54B | USD 2.82B |
| FY2023 | USD 4.39B | USD 254.83M | USD 62.14M | 42.8% | 1.71 | USD 1.01B | USD 1.56B | USD 2.85B |
| FY2022 | USD 3.63B | USD 152.90M | -USD 258.57M | 43.0% | 1 | USD 994.35M | USD 1.07B | USD 2.71B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 63.82B | 100.4 | n/a | n/a |
| 2025 | 2025-12-31 | USD 32.94B | 275.1 | n/a | n/a |
| 2024 | 2024-12-31 | USD 12.05B | 148.8 | n/a | n/a |
| 2023 | 2023-12-29 | USD 6.52B | 26.3 | n/a | n/a |
| 2022 | 2022-12-30 | USD 7.57B | 51.0 | n/a | n/a |
| 2021 | 2021-12-31 | USD 11.92B | 24.1 | n/a | n/a |
About CIENA Corp
Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. It operates through Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services segments. The Networking Platforms segment consists optical networking, routing, and switching products and services.
ETFs that hold CIENA Corp
CIENA Corp is one of the ten largest holdings of 2 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| iShares Digital Security UCITS ETF USD Acc | 2.56% | 0.40% |
| Defiance Photonics UCITS ETF USD Accumulating | 11.99% | 0.69% |
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Frequently asked questions
Is CIENA Corp overvalued or undervalued?
Bullrun's valuation model currently marks CIENA Corp as 39.7% overvalued.
What is CIENA Corp's market cap?
CIENA Corp's market capitalization is USD 63.82B.
What is CIENA Corp's P/E ratio?
CIENA Corp's price-to-earnings (P/E) ratio is 100.4.
What does CIENA Corp do?
Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. It operates through Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services segments. The Networking Platforms segment consists optical networking, routing, and switching products and services.