Ciena Corporation

Ciena Corporation

CIENยทNYSE

$620.37

-1.1%
TechnologyCommunication Equipment

Ciena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system and platform software services, as well as manage, control, and plan software. The company's Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.

At a Glance

Live Snapshot
Market Cap$87.72B
EPS0.8700
P/E Ratio713.07
Earnings Date06/04/2026
Ciena Corporation

Ciena Corporation Fair Value Envelope

CIEN ยท NYSE

Our analysis suggests that CIEN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $620.37, this represents a potential HIDDEN relative to our calculated worth for Ciena Corporation.

Intrinsic Value
Current Price: $620.37

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$2,017.0B
+ Cash & Equivalents$1.1B
Firm Value$2,018.0B
- Debt$1.6B
Equity Value$2,016.5B
/ Shares Outstanding141,342,527B
DCF Value$14.3K
UNDERVALUED BY 2200%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.4B
$2.5B
$4.4B
$7.7B
$13.6B
$24.0B
$42.3B
$74.4B
$131.0B
$230.6B
Maintenance CapEx
-$49.6M
-$87.3M
-$153.7M
-$270.5M
-$476.3M
-$838.5M
-$1.5B
-$2.6B
-$4.6B
-$8.1B
Owner Earnings
$1.4B
$2.4B
$4.2B
$7.5B
$13.2B
$23.2B
$40.8B
$71.8B
$126.4B
$222.5B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.3B
$2.1B
$3.4B
$5.5B
$9.0B
$14.6B
$23.8B
$38.8B
$63.2B
$103.1B
Terminal Value represents 86.9% of Enterprise Value