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Ciena CIEN Price / earnings

Price / earnings at other companies

Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
30.2×+7.4×
Keysight Technologies logo
Keysight TechnologiesKEYS
56.9×
Celestica logo
CelesticaCLS
33.8×+12.1×
Credo Technology Group Holding Ltd logo
Credo Technology Group Holding LtdCRDO
68×-70.0×
Coherent logo
CoherentCOHR
104.2×
Astera Labs, Inc. logo
Astera Labs, Inc.ALAB
69.7×

Other financials

Income statement

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Revenue$1.6B+39.5%
Gross profit$691.6M+52.7%
Operating income$237.9M+624%
Net income$218.2M+2,333%
EPS (diluted)$1.49+2,383%

Balance sheet

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Cash & equivalents$1.0B+10.0%
Total debt$1.6B-0.8%
Total equity$2.9B+4.2%
Total assets$6.0B+6.7%

Cash flow

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Operating cash flow$259.7M+65.5%
CapEx$41.0M+42.8%
Free cash flow$218.7M+70.6%

Valuation

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Market cap$61.82B+716%
Enterprise value$62.35B+668%
P/S11.1×+9.3×

Profitability

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Gross margin43%+1.1pp
Operating margin9.2%+4.5pp
Net margin7.9%+5.4pp

Returns & leverage

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Return on equity15.5%+11.8pp
Debt / equity0.5×0.0×
Current ratio2.7×-0.7×

Where this comes from

Calculated from Ciena’s reported figures.

Based on the most recent quarter.

The official record: Ciena’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ciena's price / earnings?
Ciena (CIEN) reported price / earnings of 170.2× in Q1 2026.
How has Ciena's price / earnings changed year-over-year?
Ciena's price / earnings increased by 95.2% year-over-year, from 87.2× to 170.2×.
What is the long-term trend for Ciena's price / earnings?
Over 4 years (2021 to 2025), Ciena's price / earnings has grown at a 61.7% compound annual growth rate (CAGR), from 81× to 554.4×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.