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Ciena Corporation (CIEN) Financials

CIEN
Trailing 12 months to August 1, 2026
Revenue $5.7B +25.7% YoY
Net Income $548.7M +276.2% YoY
EPS (Diluted) $4.48 +357.1% YoY
Free Cash Flow $814.4M +34.5% YoY
Market Cap $60.4B as of Oct 9, 2026
Price / Sales 10.7x on $5.7B revenue, trailing 12 months to August 1, 2026
Price / Earnings 110x on $548.7M net income, trailing 12 months to August 1, 2026
Price / Book 19.8x on $3.1B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Aug 1, 2026 Reported Currency USD FYE November

Newest figures come from the 10-Q for Q3 FY2026, filed Sep 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CIEN SEC filings page.

Ciena Corporation (CIEN) reported $5.7B in revenue over the twelve months to Aug 1, 2026, up 25.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CIEN FY2025

Ciena converts a weak-margin growth year into substantial cash, but rising financing needs keep returns modest.

FY2025 operating cash flow reached $806M against net income of $123M, showing cash conversion was much stronger than reported earnings alone would imply. After $141M of capital expenditures, free cash flow still reached $665M, indicating reinvestment absorbed only a limited share of internally generated cash.

FY2025 revenue expanded while gross margin eased to 42.0%, indicating added sales did not materially improve unit economics. Operating margin held near 4.1%, so operating costs still absorb most gross profit.

The balance-sheet posture became less conservative: the current ratio fell to 2.7x while debt-to-equity rose to 0.6x. Share repurchases totaled $335M as total equity stood at $2.73B, meaning capital returned to shareholders occurred alongside a smaller equity base.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 55 / 100
Financial Health Score 55/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Ciena Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
52

Ciena Corporation has an operating margin of 4.1%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 52/100, indicating healthy but not exceptional operating efficiency. This is down from 4.2% the prior year.

Growth
47

Ciena Corporation's revenue surged 18.8% year-over-year to $4.8B, reflecting rapid business expansion. This strong growth earns a score of 47/100.

Leverage
42

Ciena Corporation has a moderate D/E ratio of 0.56. This balance of debt and equity financing earns a leverage score of 42/100.

Liquidity
74

With a current ratio of 2.73, Ciena Corporation holds $2.73 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 74/100.

Cash Flow
66

Ciena Corporation converts 14.0% of revenue into free cash flow ($665.3M). This strong cash generation earns a score of 66/100.

Returns
50

Ciena Corporation's ROE of 4.5% shows moderate profitability relative to equity, earning a score of 50/100. This is up from 3.0% the prior year.

Altman Z-Score Safe
12.19

Ciena Corporation scores 12.19, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($60.4B) relative to total liabilities ($3.1B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong
7/9

Ciena Corporation passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
6.54x

For every $1 of reported earnings, Ciena Corporation generates $6.54 in operating cash flow ($806.1M OCF vs $123.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
2.21x

Ciena Corporation earns $2.21 in operating income for every $1 of interest expense ($197.5M vs $89.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.7B
YoY+37.0%
QoQ+6.4%
5Y CAGR+11.1%
10Y CAGR+9.6%

Ciena Corporation generated $1.7B in revenue in Q3 2026. This represents an increase of 37.0% from the same quarter a year earlier. Against the prior quarter it is up 6.4%.

EBITDA
$340.2M
YoY+218.1%
QoQ+23.1%
5Y CAGR+13.5%

Ciena Corporation's EBITDA was $340.2M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 218.1% from the same quarter a year earlier. Against the prior quarter it is up 23.1%.

Net Income
$266.4M
YoY+429.6%
QoQ+22.1%
5Y CAGR+2.3%
10Y CAGR+23.0%

Ciena Corporation reported $266.4M in net income in Q3 2026. This represents an increase of 429.6% from the same quarter a year earlier. Against the prior quarter it is up 22.1%.

EPS (Diluted)
$1.83
YoY+422.9%
QoQ+22.8%
5Y CAGR+3.8%
10Y CAGR+23.0%

Ciena Corporation earned $1.83 per diluted share (EPS) in Q3 2026. This represents an increase of 422.9% from the same quarter a year earlier. Against the prior quarter it is up 22.8%.

Cash & Balance Sheet

Free Cash Flow
$116.3M
YoY-13.6%
QoQ-46.8%
5Y CAGR+16.8%

Ciena Corporation generated $116.3M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 13.6% from the same quarter a year earlier. Against the prior quarter it is down 46.8%.

Cash & Debt
$2.4B
YoY+131.6%
QoQ+134.0%
5Y CAGR+14.7%
10Y CAGR+11.1%

Ciena Corporation held $2.4B in cash against $3.2B in long-term debt as of Q3 2026.

Shares Outstanding
142M
YoY+0.5%
QoQ+0.2%
5Y CAGR-1.8%
10Y CAGR+0.2%

Ciena Corporation had 142M shares outstanding in Q3 2026. This represents an increase of 0.5% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin
45.4%
YoY+4.2pp
QoQ+1.4pp
5Y change-2.6pp
10Y change-0.6pp

Ciena Corporation's gross margin was 45.4% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 4.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.

Operating Margin
18.0%
YoY+12.0pp
QoQ+2.9pp
5Y change+3.0pp
10Y change+9.5pp

Ciena Corporation's operating margin was 18.0% in Q3 2026, reflecting core business profitability. This is up 12.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.

Net Margin
15.9%
YoY+11.8pp
QoQ+2.0pp
5Y change-8.2pp
10Y change+10.9pp

Ciena Corporation's net profit margin was 15.9% in Q3 2026, showing the share of revenue converted to profit. This is up 11.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.0 percentage points.

Return on Equity
8.7%
YoY+6.9pp
QoQ+1.2pp
5Y change+0.6pp
10Y change+4.1pp

Ciena Corporation's ROE was 8.7% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 6.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.

Capital Allocation

R&D Spending
$236.7M
YoY+11.7%
QoQ-0.5%
5Y CAGR+10.1%
10Y CAGR+7.3%

Ciena Corporation invested $236.7M in research and development in Q3 2026. This represents an increase of 11.7% from the same quarter a year earlier. Against the prior quarter it is down 0.5%.

Share Buybacks
$173.0M
YoY+111.4%
QoQ+105.0%

Ciena Corporation spent $173.0M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 111.4% from the same quarter a year earlier. Against the prior quarter it is up 105.0%.

Capital Expenditures
$80.0M
YoY+101.2%
QoQ+94.8%
5Y CAGR+38.6%

Ciena Corporation invested $80.0M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 101.2% from the same quarter a year earlier. Against the prior quarter it is up 94.8%.

CIEN Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CIEN quarterly income statement
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Revenue$1.7B+37.0%$1.6B+39.5%$1.4B+33.1%$997.2M-8.5%$1.2B+29.4%$1.1B+23.6%$1.1B+3.3%$1.1B-3.5%
Cost of Revenue$911.9M+27.3%$879.2M+30.6%$801.5M+33.5%$573.7M-9.6%$716.3M+33.1%$673.0M+28.9%$600.4M+5.2%$634.4M-1.4%
Gross Profit$759.3M+50.9%$691.6M+52.7%$625.5M+32.6%$423.5M-7.0%$503.1M+24.5%$452.8M+16.5%$471.8M+1.0%$455.2M-6.4%
R&D Expenses$236.7M+11.7%$237.9M+10.7%$221.5M+14.9%$200.1M+5.0%$211.9M+12.2%$214.9M+10.0%$192.7M+2.9%$190.6M+0.6%
SG&A Expenses$62.8M+3.7%$61.2M+7.5%$59.2M+9.9%$61.9M+5.1%$60.6M+4.0%$57.0M+14.9%$53.9M-1.4%$58.9M-8.1%
Operating Income$301.2M+309.6%$237.9M+624.3%$189.4M+134.8%-$98.3M-255.5%$73.5M+175.0%$32.8M+928.3%$80.7M-4.7%$63.2M-30.8%
EBITDA$340.2M+218.1%$276.3M+328.5%$226.5M+102.4%-$66.2M-167.9%$107.0M+87.9%$64.5M+137.1%$111.9M-2.4%$97.5M-24.9%
Interest Expense$5.8M-74.6%$20.9M-3.6%$21.3M-7.3%$23.6M-8.5%$22.8M-6.5%$21.7M-9.1%$22.9M-3.6%$25.8M+6.8%
Income Tax$44.2M+185.0%$12.8M+27.8%$30.8M+28.3%-$23.4M-362.6%$15.5M+629.9%$10.0M+1125.2%$24.0M+9.4%$8.9M+143.2%
Net Income$266.4M+429.6%$218.2M+2333.0%$150.3M+237.2%-$86.2M-305.3%$50.3M+253.5%$9.0M+153.2%$44.6M-10.0%$42.0M-53.9%
EPS (Basic)$1.88+437.1%$1.54+2466.7%$1.06+241.9%$0.14-46.2%$0.35+250.0%$0.06+150.0%$0.31-8.8%$0.26-58.1%
EPS (Diluted)$1.83+422.9%$1.49+2383.3%$1.03+232.3%$0.13-50.0%$0.35+250.0%$0.06+150.0%$0.31-8.8%$0.26-58.1%
Diluted Shares (Avg)146M+1.0%146M+0.9%146M-0.1%N/A144M-0.6%145M0.0%146M+0.1%N/A

CIEN Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CIEN quarterly balance sheet
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Total Assets$8.0B+39.1%$6.0B+6.7%$5.9B+5.7%$5.9B+4.0%$5.7B+3.1%$5.7B+0.8%$5.6B-0.4%$5.6B+0.7%
Current Assets$5.3B+42.8%$3.6B+0.1%$3.5B+1.4%$3.6B+0.6%$3.7B+4.2%$3.6B+0.6%$3.5B-3.2%$3.5B-0.9%
Cash & Equivalents$2.4B+131.6%$1.0B+10.0%$1.1B+28.4%$1.1B+16.8%$1.1B+19.5%$949.8M-13.0%$874.7M-30.8%$934.9M-7.5%
Short-Term Investments$184.3M-31.8%$157.7M-48.2%$176.3M-47.7%$216.1M-31.7%$270.4M+24.1%$304.2M+83.7%$337.3M+216.2%$316.3M+202.0%
Inventory$872.0M+1.3%$808.4M-7.5%$845.8M+0.1%$826.2M+0.7%$860.4M-8.2%$874.3M-14.5%$845.1M-14.2%$820.4M-21.9%
Accounts Receivable$1.2B+20.3%$1.1B+13.2%$967.4M+3.1%$975.9M+7.4%$1.0B+14.0%$929.8M+10.7%$938.7M+8.5%$908.6M-9.5%
Long-Term Investments$213.6M+231.6%$200.1M+117.2%$69.9M-33.5%$57.1M-29.4%$64.4M-42.4%$92.1M-44.5%$105.0M+1.1%$80.9M-39.7%
Goodwill$513.3M+15.4%$520.4M+17.0%$521.7M+17.4%$521.2M+17.2%$444.8M0.0%$444.8M0.0%$444.3M-0.2%$444.7M0.0%
Total Liabilities$4.9B+66.8%$3.1B+9.2%$3.1B+11.5%$3.1B+11.0%$3.0B+10.3%$2.9B+5.4%$2.8B+4.1%$2.8B+2.6%
Current Liabilities$1.4B+23.4%$1.3B+25.0%$1.3B+31.6%$1.3B+30.9%$1.1B+29.1%$1.0B+14.8%$956.5M+13.7%$999.8M+7.3%
Non-Current Liabilities$3.6B+93.4%$1.8B+0.1%$1.8B+1.0%$1.8B+0.1%$1.8B+1.3%$1.8B+0.7%$1.8B-0.3%$1.8B+0.2%
Long-Term Debt$3.2B+111.6%$1.5B-0.6%$1.5B-0.4%$1.5B-0.6%$1.5B-0.8%$1.5B-0.8%$1.5B-0.8%$1.5B-0.7%
Total Equity$3.1B+9.7%$2.9B+4.2%$2.8B0.0%$2.7B-3.1%$2.8B-3.6%$2.8B-3.6%$2.8B-4.5%$2.8B-1.1%
Retained Earnings-$2.5B+20.5%-$2.8B+13.5%-$3.0B+7.1%-$3.2B+3.7%-$3.2B+4.2%-$3.2B+3.1%-$3.2B+2.4%-$3.3B+2.5%

CIEN Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CIEN quarterly cash flow statement
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Operating Cash Flow$196.3M+12.6%$259.7M+65.5%$227.6M+119.5%$371.1M+6.2%$174.3M+209.4%$156.9M+168.4%$103.7M-61.0%$349.4M+78.7%
Depreciation & Amortization$39.0M+16.8%$38.4M+21.5%$37.0M+18.6%$33.6M+8.3%$33.4M+10.8%$31.6M+1.5%$31.2M+3.9%$31.0M-8.5%
Stock-Based Compensation$57.9M+23.3%$55.5M+15.7%$49.8M+22.1%N/A$46.9M+25.6%$48.0M+19.2%$40.8M+7.9%N/A
Capital Expenditures$80.0M+101.2%$41.0M+42.8%$73.9M+174.8%$45.4M-45.6%$39.8M+102.8%$28.7M+70.0%$26.9M+62.0%$83.5M+266.8%
Free Cash Flow$116.3M-13.6%$218.7M+70.5%$153.8M+100.1%$325.6M+22.5%$134.6M+175.2%$128.2M+208.4%$76.8M-69.2%$265.8M+53.9%
Investing Cash Flow-$117.4M-695.3%-$153.9M-883.6%-$43.9M+34.6%-$213.8M-43.5%$19.7M+204.6%$19.6M+112.5%-$67.1M-470.0%-$148.9M-51.8%
Financing Cash Flow$1.3B+1658.4%-$180.7M-67.7%-$154.5M-65.4%-$119.8M+19.4%-$84.9M-197.4%-$107.8M-47.4%-$93.5M-169.2%-$148.7M+24.6%
Share Buybacks$173.0M+111.4%$84.4M-3.0%$80.5M-0.8%$84.5M-34.4%$81.8M+164.0%$87.0M+53.7%$81.2M+112.5%$128.7M-30.2%

Not reported in any period shown, so not listed: Dividends Paid.

CIEN Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CIEN quarterly financial ratios
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Gross Margin45.4%+4.2pp44.0%+3.8pp43.8%-0.2pp42.5%+0.7pp41.3%-1.6pp40.2%-2.5pp44.0%-1.0pp41.8%-1.3pp
Operating Margin18.0%+12.0pp15.1%+12.2pp13.3%+5.8pp-9.8%-15.7pp6.0%+3.2pp2.9%+3.4pp7.5%-0.6pp5.8%-2.3pp
Net Margin15.9%+11.8pp13.9%+13.1pp10.5%+6.4pp-8.6%-12.5pp4.1%+2.6pp0.8%+2.6pp4.2%-0.6pp3.9%-4.2pp
Return on Equity8.7%+6.9pp7.5%+7.2pp5.4%+3.8pp-3.2%-4.6pp1.8%+1.3pp0.3%+0.9pp1.6%-0.1pp1.5%-1.7pp
Return on Assets3.3%+2.5pp3.6%+3.5pp2.5%+1.7pp-1.5%-2.2pp0.9%+0.6pp0.2%+0.5pp0.8%-0.1pp0.7%-0.9pp
Current Ratio3.80+0.5x2.73-0.7x2.81-0.8x2.73-0.8x3.28-0.8x3.40-0.5x3.65-0.6x3.54-0.3x
Debt-to-Equity1.06+0.5x0.530.0x0.550.0x0.560.0x0.550.0x0.550.0x0.550.0x0.540.0x
Asset Turnover0.210.0x0.26+0.1x0.240.0x0.170.0x0.210.0x0.200.0x0.190.0x0.190.0x
FCF Margin7.0%-4.1pp13.9%+2.5pp10.8%+3.6pp32.7%+8.3pp11.0%+30.0pp11.4%+6.8pp7.2%-16.9pp24.4%+9.1pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Ciena Corporation CIEN FY2025 $4.8B $123.3M 2.6% $60.4B 55/100
Zebra Technologies Corporation ZBRA FY2025 $5.4B $419.0M 7.8% $18.1B 53/100
Hewlett Packard Enterprise Company HPE FY2025 $34.3B $57.0M 0.2% $94.2B 35/100
AST SpaceMobile, Inc. ASTS FY2025 $70.9M -$341.9M N/A $17.1B 65/100

Frequently Asked Questions

What is Ciena Corporation's annual revenue?

Ciena Corporation (CIEN) reported $4.8B in total revenue for fiscal year 2025. This represents a 18.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ciena Corporation's revenue growing?

Ciena Corporation (CIEN) revenue grew by 18.8% year-over-year, from $4.0B to $4.8B in fiscal year 2025.

Is Ciena Corporation profitable?

Yes, Ciena Corporation (CIEN) reported a net income of $123.3M in fiscal year 2025, with a net profit margin of 2.6%.

Ciena Corporation (CIEN) reported diluted earnings per share of $0.85 for fiscal year 2025. This represents a 46.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ciena Corporation (CIEN) had EBITDA of $331.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Ciena Corporation (CIEN) had $1.1B in cash and equivalents against $1.5B in long-term debt.

Ciena Corporation (CIEN) had a gross margin of 42.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Ciena Corporation (CIEN) had an operating margin of 4.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Ciena Corporation (CIEN) had a net profit margin of 2.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Ciena Corporation (CIEN) has a return on equity of 4.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Ciena Corporation (CIEN) generated $665.3M in free cash flow during fiscal year 2025. This represents a 76.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Ciena Corporation (CIEN) generated $806.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Ciena Corporation (CIEN) had $5.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Ciena Corporation (CIEN) invested $140.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Ciena Corporation (CIEN) invested $848.3M in research and development during fiscal year 2025.

Yes, Ciena Corporation (CIEN) spent $334.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Ciena Corporation (CIEN) had 141M shares outstanding as of fiscal year 2025.

Ciena Corporation (CIEN) had a current ratio of 2.73 as of fiscal year 2025, which is generally considered healthy.

Ciena Corporation (CIEN) had a debt-to-equity ratio of 0.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Ciena Corporation (CIEN) had a return on assets of 2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Ciena Corporation (CIEN) trades at 110x earnings, its market capitalization divided by net income of $548.7M net income, trailing 12 months to August 1, 2026. The market capitalization is $60.4B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Ciena Corporation (CIEN) trades at 10.7x sales, its market capitalization divided by revenue of $5.7B revenue, trailing 12 months to August 1, 2026. The market capitalization is $60.4B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Ciena Corporation (CIEN) has an Altman Z-Score of 12.19, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Ciena Corporation (CIEN) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Ciena Corporation (CIEN) has an earnings quality ratio of 6.54x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Ciena Corporation (CIEN) has an interest coverage ratio of 2.21x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Ciena Corporation (CIEN) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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