CIENA Corp
Research CIENA Corp (CIEN) on Bullrun: valuation model: 35.8% overvalued, market cap USD 54.89B, P/E 129.0. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerCIEN
- ExchangeNYSE
- CountryUnited States
- SectorTechnology
- IndustryCommunication Equipment
- CurrencyUSD
- Valuation signal35.8% overvalued
- Market capUSD 54.89B
- P/E129.0
- Financial periodQ2 2026
- RevenueUSD 1.57B
- Net incomeUSD 218.22M
- Free cash flowUSD 218.65M
- Gross margin44.0%
Valuation Snapshot
Bullrun's latest valuation model marks CIENA Corp as 35.8% overvalued; latest market cap is USD 54.89B; P/E is 129.0.
Peer valuation comparison
Latest P/E is 129.03x versus a Technology sector median of 28.57x (351.6% above).
Latest P/E is 129.03x versus a United States median of 24.87x (418.9% 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 | 2026-08-25 | USD 54.89B | 129.0 | 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.
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Frequently asked questions
Is CIENA Corp overvalued or undervalued?
Bullrun's valuation model currently marks CIENA Corp as 35.8% overvalued.
What is CIENA Corp's market cap?
CIENA Corp's market capitalization is USD 54.89B.
What is CIENA Corp's P/E ratio?
CIENA Corp's price-to-earnings (P/E) ratio is 129.0.
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.