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Ciena Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ciena and similar public comparables like TE Connectivity, Motorola, Digital Realty Trust, Ubiquiti and more.
Ciena Overview
About Ciena
Ciena is a telecommunications equipment provider focused on optical transport technologies, with clients in a number of industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises worldwide. The company provides equipment, software, and services that support transport, switching, aggregation, service delivery, and data traffic management.
Founded
1992
HQ
Employees
9.1K
Website
Financials (LTM)
EV
$72B
Ciena Financials
Ciena reported last 12-month revenue of $5B and EBITDA of $955M.
In the same LTM period, Ciena generated $2B in gross profit, $955M in EBITDA, and $623M in net income.
Revenue (LTM)
Ciena P&L
In the most recent fiscal year, Ciena reported revenue of $5B and EBITDA of $648M.
Ciena expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 43% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $955M | XXX | $648M | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 14% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $623M | XXX | $384M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $444M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ciena Stock Performance
Ciena has current market cap of $72B, and enterprise value of $72B.
Market Cap Evolution
Ciena's stock price is $507.43.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $72B | $72B | 0.0% | XXX | XXX | XXX | $2.71 |
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Start Free TrialCiena Valuation Multiples
Ciena trades at 13.3x EV/Revenue multiple, and 75.4x EV/EBITDA.
EV / Revenue (LTM)
Ciena Financial Valuation Multiples
As of April 19, 2026, Ciena has market cap of $72B and EV of $72B.
Equity research analysts estimate Ciena's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ciena has a P/E ratio of 115.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $72B | XXX | $72B | XXX | XXX | XXX |
| EV (current) | $72B | XXX | $72B | XXX | XXX | XXX |
| EV/Revenue | 13.3x | XXX | 15.1x | XXX | XXX | XXX |
| EV/EBITDA | 75.4x | XXX | 111.2x | XXX | XXX | XXX |
| EV/EBIT | 87.3x | XXX | 135.3x | XXX | XXX | XXX |
| EV/Gross Profit | 30.7x | XXX | 35.9x | XXX | XXX | XXX |
| P/E | 115.3x | XXX | 187.0x | XXX | XXX | XXX |
| EV/FCF | 124.6x | XXX | 108.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ciena Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Ciena Margins & Growth Rates
Ciena's revenue in the last 12 month grew by 25%.
Ciena's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.2M for the same period.
Ciena's rule of 40 is 49% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ciena's rule of X is 89% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Ciena Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 25% | XXX | 28% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 58% | XXX | 102% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 49% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 89% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 10% | XXX | 12% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 5% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 15% | XXX | 18% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 36% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ciena Public Comps
See public comps and valuation multiples for other Networking Hardware and Telecom Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ciena | XXX | XXX | XXX | XXX | XXX | XXX |
| TE Connectivity | XXX | XXX | XXX | XXX | XXX | XXX |
| Motorola | XXX | XXX | XXX | XXX | XXX | XXX |
| Digital Realty Trust | XXX | XXX | XXX | XXX | XXX | XXX |
| Ubiquiti | XXX | XXX | XXX | XXX | XXX | XXX |
| Lumentum | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Ciena M&A Activity
Ciena acquired XXX companies to date.
Last acquisition by Ciena was on XXXXXXXX, XXXXX. Ciena acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ciena
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCiena Investment Activity
Ciena invested in XXX companies to date.
Ciena made its latest investment on XXXXXXXX, XXXXX. Ciena invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ciena
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Ciena
| When was Ciena founded? | Ciena was founded in 1992. |
| Where is Ciena headquartered? | Ciena is headquartered in United States. |
| How many employees does Ciena have? | As of today, Ciena has over 9K employees. |
| Who is the CEO of Ciena? | Ciena's CEO is Gary B. Smith. |
| Is Ciena publicly listed? | Yes, Ciena is a public company listed on NYSE. |
| What is the stock symbol of Ciena? | Ciena trades under CIEN ticker. |
| When did Ciena go public? | Ciena went public in 1997. |
| Who are competitors of Ciena? | Ciena main competitors are TE Connectivity, Motorola, Digital Realty Trust, Ubiquiti. |
| What is the current market cap of Ciena? | Ciena's current market cap is $72B. |
| What is the current revenue of Ciena? | Ciena's last 12 months revenue is $5B. |
| What is the current revenue growth of Ciena? | Ciena revenue growth (NTM/LTM) is 25%. |
| What is the current EV/Revenue multiple of Ciena? | Current revenue multiple of Ciena is 13.3x. |
| Is Ciena profitable? | Yes, Ciena is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ciena? | Ciena's last 12 months EBITDA is $955M. |
| What is Ciena's EBITDA margin? | Ciena's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Ciena? | Current EBITDA multiple of Ciena is 75.4x. |
| What is the current FCF of Ciena? | Ciena's last 12 months FCF is $578M. |
| What is Ciena's FCF margin? | Ciena's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of Ciena? | Current FCF multiple of Ciena is 124.6x. |
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