Telefonaktiebolaget LM Ericsson (publ) (ERIC)
Similar size · 0.67x market cap
Communication Equipment
YouTube · Q2 2026 · 2026-07-15
CIEN · NYSE
Ciena Corporation
Communication Equipment · United States
USD 348.801.3% daily changeQuote 2026-09-18 · USD
- Market cap (USD)
- US$49.46B
- Trailing P/E
- 78.21x
- Forward P/E
- 29.57x
- Quarterly revenue growth
- 37.0%
- Trailing net margin
- 10.9%
- Indicated dividend yield
- —
Snapshot 2026-09-20 · Latest financial period 2026-08-01 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Company background
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. This segment products include the 6500 Packet-Optical Platform, Waveserver modular interconnect system, the 6500 Reconfigurable Line System, and coherent pluggable transceivers; and the 3000 family of service delivery platforms and the 5000 family of service aggregation, as well as the 8100 Coherent Routing platforms and virtualization software. The Platform Software and Services segment offers navigator network control suite; and software subscription services, consulting, network migration and integration, installation and upgrade support services, and technical support solutions. The Blue Planet Automation Software and Services segment inventory management, orchestration, route optimization and analysis, and unified assurance and analytics software; and sells subscription, installation, support, consulting, and design services related to the Blue Planet automation platform. The Global Services segment provides services for advisory and enablement, implementation, and maintenance, support, and learning activities. Ciena Corporation was incorporated in 1992 and is headquartered in Fulton, Maryland.
Company websiteQ3 FY2026
Go beyond the headline.
CIEN Stock: A $2.9B Zero-Coupon Bond Funded This Margin Tripling — Q3… — Animated Studio Edition
Published 2026-09-08
Short takes Q3 FY2026
CIEN Stock: Can Ciena Hold Its Margin Surge? Q3 FY2026 #Shorts
Watch Short on YouTube
Comparable businesses
CIEN peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | CIENCiena CorporationSnapshot 2026-09-20Financial period: 2026-08-01 | ERICTelefonaktiebolaget LM Ericsson (publ)Snapshot 2026-09-20Financial period: 2026-06-30 | UIUbiquiti Inc.Snapshot 2026-09-20Financial period: 2026-06-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$49.46B | US$33.19B | US$35.68B | US$34.44Bn=2 |
| Forward P/EProvider forward earnings estimate | 29.57x | 16.30x | 30.11x | 23.21xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | 48.87x | — | 29.18x | — |
| Revenue growthLatest quarter vs prior-year quarter | 37.0% | -6.1% | 23.5% | 8.7%n=2 |
| Operating marginLatest reported quarter | 18.1% | 0.0% | 36.3% | 18.1%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 1.3% | — | 2.0% | — |
| Net debt / EBITDANet debt / trailing EBITDA | 0.64x | — | -0.44x | — |
| Debt / equityTotal debt / positive book equity | 1.07x | 0.38x | 0.06x | 0.22xn=2 |
| Trailing P/ETrailing twelve-month earnings | 78.21x | 13.56x | 37.17x | 25.36xn=2 |
| Price / bookPrice / positive book equity per share | 16.19x | 0.33x | 29.68x | 15.00xn=2 |
| EV / salesEnterprise value / trailing revenue | 8.32x | — | 10.73x | — |
| Earnings growthLatest quarter vs prior-year quarter | 422.9% | -10.9% | 6.8% | -2.0%n=2 |
| Gross marginTrailing twelve months | 44.1% | 48.1% | 46.2% | 47.1%n=2 |
| Net marginTrailing twelve months | 10.9% | 10.8% | 29.3% | 20.1%n=2 |
| Return on equityProvider trailing return; positive equity only | 22.4% | 26.1% | 91.1% | 58.6%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | 10.5% | — | 21.7% | — |
| Dividend yieldIndicated annual dividend / price | — | 3.1% | 0.7% | 1.9%n=2 |
| Earnings payoutProvider trailing dividend payout | 0.0% | 40.3% | 20.2% | 30.2%n=2 |
| Current ratioCurrent assets / current liabilities | 3.80x | 1.12x | 2.93x | 2.02xn=2 |
| BetaProvider historical market sensitivity | 1.31 | 0.51 | 1.32 | 0.91n=2 |
YouTube · Q2 2026 · 2026-07-15
YouTube · Q3 FY2026 · 2026-05-11
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for CIEN
Q3 FY20262026-09-08
CIEN Stock: A $2.9B Zero-Coupon Bond Funded This Margin Tripling — Q3… — Animated Studio Edition
Studio edition · 2026-09-08 · YouTube
CIEN Stock: A $2.9B Zero-Coupon Bond Funded This Margin Tripling — Q3 FY2026
Presentation · 2026-09-07 · YouTube
Short takes Q3 FY2026
CIEN Stock: Can Ciena Hold Its Margin Surge? Q3 FY2026 #Shorts
Watch Short on YouTube
Q2 FY20262026-06-06
CIEN Stock: Revenue +4% Beat Q2 FY2026
Presentation · 2026-06-06 · YouTube