Ciena
CIEN stock analysis · Information Technology · Communications Equipment
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-05-29. Approximate; share and price dates can differ.
View share-count filing ↗DCF value
Equity cash-flow scenario · SEC outstanding shares at 2026-05-29 · -85.4% versus input cap
How this is calculated ↗Reverse DCF
Annual basis · read assumptions below
How this is calculated ↗Relative valuation
5 industry peers · median 45.5×
How this is calculated ↗Historical multiples
Requires three annual historical market caps and eligible filed earnings.
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete
How this is calculated ↗Value composite
Annual basis · read assumptions below
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Annual basis · read assumptions below
How this is calculated ↗Accrual quality
Parent-earnings fallback versus consolidated cash flow · scope limitation
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | $89.54 | $97.69 | $106.46 |
| 10.0% | $65.61 | $71.39 | $77.58 |
| 12.0% | $51.76 | $56.17 | $60.89 |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-11-01 | 4.8B | 123.3M | 806.1M | 140.8M | 5.9B |
| 2024-11-02 | 4B | 84M | 514.5M | 136.6M | 5.6B |
| 2023-10-28 | 4.4B | 254.8M | 168.3M | 106.2M | 5.6B |
| 2022-10-29 | 3.6B | 152.9M | -167.8M | 90.8M | 5.1B |
| 2021-10-30 | 3.6B | 500.2M | 541.6M | 79.6M | 4.9B |
| 2020-10-31 | 3.5B | 361.3M | 493.7M | 82.7M | 4.2B |
| 2019-11-02 | 3.6B | 253.4M | 413.1M | 62.6M | 3.9B |
| 2019-10-31 | 3.6B | 253.4M | 413.1M | 62.6M | 3.9B |
| 2018-11-03 | 3.1B | -344.7M | 229.3M | 67.6M | — |
| 2018-10-31 | 3.1B | -344.7M | 229.3M | 67.6M | 3.8B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 4.8B | Revenues | 2025-12-12 |
| netIncome | 123.3M | NetIncomeLoss Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2025-12-12 |
| Parent/common earnings proxy | 123.3M | NetIncomeLoss | 2025-12-12 |
| cfo | 806.1M | NetCashProvidedByUsedInOperatingActivities | 2025-12-12 |
| capex | 140.8M | PaymentsToAcquirePropertyPlantAndEquipment | 2025-12-12 |
| operatingIncome | 197.5M | OperatingIncomeLoss | 2025-12-12 |
| assets | 5.9B | Assets | 2025-12-12 |
| equity | 2.7B | StockholdersEquity Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2025-12-12 |
| Parent book equity proxy | 2.7B | StockholdersEquity | 2025-12-12 |
| debt | 1.5B | LongTermDebtCurrent + LongTermDebtNoncurrent | 2025-12-12 |
| shortDebt | — | Not reported under a supported tag | — |
| cash | 1.1B | CashAndCashEquivalentsAtCarryingValue | 2025-12-12 |
| shares | 145.2M | WeightedAverageNumberOfDilutedSharesOutstanding | 2025-12-12 |
| dividends | 0 | Reviewed manual correction This issuer explicitly confirms in its annual filing that it has never declared or paid cash dividends on its common/capital stock. Reviewed cash-dividend zero, bounded to fiscal period ending 2025-11-01. The exact statement and source filing are retained in the evidence record. This is explicit filing evidence, not an assumption from an absent cash-flow line. Surrounding source passage reviewed as the registrant’s own common-stock policy, not a subsidiary or predecessor statement. | 2025-12-12 |
| buybacks | 334.5M | PaymentsForRepurchaseOfCommonStock | 2025-12-12 |
| issuance | 35.9M | ProceedsFromIssuanceOfCommonStock | 2025-12-12 |