Ciena Corp Stock Price To Earning

CIEN Stock

USD 69.72 0.55 0.80%

Ciena Corp fundamentals help investors to digest information that contributes to Ciena Corp's financial success or failures. It also enables traders to predict the movement of Ciena Stock. The fundamental analysis module provides a way to measure Ciena Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ciena Corp stock.

Other Current Liab Total Assets

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Ciena Corp Company Price To Earning Analysis

Ciena Corp's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

P/E

Market Value Per Share

Earnings Per Share

More About Price To Earning | All Equity Analysis

Current Ciena Corp Price To Earning

34.45 X

Most of Ciena Corp's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ciena Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Ciena Price To Earning Driver Correlations

Understanding the fundamental principles of building solid financial models for Ciena Corp is extremely important. It helps to project a fair market value of Ciena Stock properly, considering its historical fundamentals such as Price To Earning. Since Ciena Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ciena Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ciena Corp's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Intangible Assets	Short Term Investments	Short Term Debt	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt	Good Will	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.94	0.01	0.18	0.82	0.98	0.78	0.98	0.04	-0.06	-0.31	0.57	0.62	0.92	0.32	0.87	0.93	0.88	-0.6	0.74	-0.29	0.68	-0.58	0.7	0.84	-0.73
Total Stockholder Equity	0.94		-0.31	0.4	0.75	0.88	0.51	0.88	-0.24	0.02	-0.43	0.77	0.77	0.73	0.2	0.91	0.99	0.95	-0.7	0.69	-0.26	0.58	-0.59	0.61	0.84	-0.59
Net Debt	0.01	-0.31		-0.39	-0.07	0.1	0.57	0.08	0.72	-0.25	0.44	-0.65	-0.52	0.32	0.36	-0.17	-0.34	-0.32	0.46	-0.09	-0.03	0.25	0.28	0.24	-0.09	-0.41
Retained Earnings	0.18	0.4	-0.39		-0.1	0.16	-0.27	0.15	-0.59	-0.2	-0.5	0.44	0.33	-0.05	0.16	0.45	0.33	0.28	0.06	-0.09	-0.28	0.29	-0.19	0.39	0.42	-0.35
Accounts Payable	0.82	0.75	-0.07	-0.1		0.83	0.67	0.82	-0.01	0.01	-0.27	0.46	0.52	0.76	0.15	0.58	0.79	0.75	-0.56	0.57	-0.25	0.23	-0.59	0.43	0.68	-0.42
Net Receivables	0.98	0.88	0.1	0.16	0.83		0.83	0.99	0.09	-0.15	-0.36	0.49	0.53	0.94	0.35	0.83	0.87	0.8	-0.49	0.7	-0.37	0.7	-0.63	0.74	0.86	-0.77
Total Liab	0.78	0.51	0.57	-0.27	0.67	0.83		0.83	0.52	-0.17	0.0	0.05	0.16	0.94	0.41	0.53	0.51	0.46	-0.23	0.58	-0.24	0.63	-0.36	0.62	0.58	-0.73
Total Current Assets	0.98	0.88	0.08	0.15	0.82	0.99	0.83		0.08	-0.13	-0.35	0.49	0.54	0.94	0.35	0.83	0.88	0.8	-0.49	0.69	-0.38	0.7	-0.62	0.75	0.87	-0.76
Intangible Assets	0.04	-0.24	0.72	-0.59	-0.01	0.09	0.52	0.08		-0.38	0.22	-0.53	-0.23	0.29	0.54	-0.13	-0.25	-0.24	0.22	-0.04	0.05	0.17	-0.03	0.15	-0.04	-0.15
Short Term Investments	-0.06	0.02	-0.25	-0.2	0.01	-0.15	-0.17	-0.13	-0.38		0.51	0.26	0.31	-0.14	-0.36	0.01	0.06	0.15	-0.36	0.24	0.69	-0.08	0.49	-0.26	-0.27	0.37
Short Term Debt	-0.31	-0.43	0.44	-0.5	-0.27	-0.36	0.0	-0.35	0.22	0.51		-0.53	-0.31	-0.26	-0.22	-0.5	-0.39	-0.27	0.02	-0.18	0.46	-0.31	0.89	-0.26	-0.5	0.26
Common Stock	0.57	0.77	-0.65	0.44	0.46	0.49	0.05	0.49	-0.53	0.26	-0.53		0.72	0.35	-0.09	0.77	0.75	0.76	-0.66	0.53	0.06	0.37	-0.51	0.09	0.41	-0.23
Property Plant Equipment	0.62	0.77	-0.52	0.33	0.52	0.53	0.16	0.54	-0.23	0.31	-0.31	0.72		0.38	0.34	0.74	0.77	0.79	-0.65	0.5	0.15	0.34	-0.39	0.42	0.62	-0.16
Current Deferred Revenue	0.92	0.73	0.32	-0.05	0.76	0.94	0.94	0.94	0.29	-0.14	-0.26	0.35	0.38		0.39	0.76	0.72	0.65	-0.37	0.73	-0.27	0.74	-0.57	0.68	0.73	-0.78
Long Term Debt	0.32	0.2	0.36	0.16	0.15	0.35	0.41	0.35	0.54	-0.36	-0.22	-0.09	0.34	0.39		0.39	0.14	0.07	0.25	-0.07	-0.02	0.44	-0.28	0.64	0.47	-0.44
Good Will	0.87	0.91	-0.17	0.45	0.58	0.83	0.53	0.83	-0.13	0.01	-0.5	0.77	0.74	0.76	0.39		0.85	0.82	-0.51	0.69	-0.11	0.78	-0.58	0.63	0.75	-0.7
Net Tangible Assets	0.93	0.99	-0.34	0.33	0.79	0.87	0.51	0.88	-0.25	0.06	-0.39	0.75	0.77	0.72	0.14	0.85		0.96	-0.75	0.69	-0.27	0.5	-0.58	0.57	0.82	-0.53
Total Permanent Equity	0.88	0.95	-0.32	0.28	0.75	0.8	0.46	0.8	-0.24	0.15	-0.27	0.76	0.79	0.65	0.07	0.82	0.96		-0.84	0.71	-0.14	0.43	-0.45	0.45	0.7	-0.48
Long Term Debt Total	-0.6	-0.7	0.46	0.06	-0.56	-0.49	-0.23	-0.49	0.22	-0.36	0.02	-0.66	-0.65	-0.37	0.25	-0.51	-0.75	-0.84		-0.69	-0.08	-0.13	0.23	0.0	-0.3	0.12
Capital Surpluse	0.74	0.69	-0.09	-0.09	0.57	0.7	0.58	0.69	-0.04	0.24	-0.18	0.53	0.5	0.73	-0.07	0.69	0.69	0.71	-0.69		-0.02	0.58	-0.4	0.34	0.46	-0.46
Deferred Long Term Liab	-0.29	-0.26	-0.03	-0.28	-0.25	-0.37	-0.24	-0.38	0.05	0.69	0.46	0.06	0.15	-0.27	-0.02	-0.11	-0.27	-0.14	-0.08	-0.02		-0.13	0.5	-0.43	-0.55	0.37
Long Term Investments	0.68	0.58	0.25	0.29	0.23	0.7	0.63	0.7	0.17	-0.08	-0.31	0.37	0.34	0.74	0.44	0.78	0.5	0.43	-0.13	0.58	-0.13		-0.39	0.69	0.59	-0.78
Short Long Term Debt	-0.58	-0.59	0.28	-0.19	-0.59	-0.63	-0.36	-0.62	-0.03	0.49	0.89	-0.51	-0.39	-0.57	-0.28	-0.58	-0.58	-0.45	0.23	-0.4	0.5	-0.39		-0.38	-0.66	0.36
Net Invested Capital	0.7	0.61	0.24	0.39	0.43	0.74	0.62	0.75	0.15	-0.26	-0.26	0.09	0.42	0.68	0.64	0.63	0.57	0.45	0.0	0.34	-0.43	0.69	-0.38		0.89	-0.69
Net Working Capital	0.84	0.84	-0.09	0.42	0.68	0.86	0.58	0.87	-0.04	-0.27	-0.5	0.41	0.62	0.73	0.47	0.75	0.82	0.7	-0.3	0.46	-0.55	0.59	-0.66	0.89		-0.62
Capital Stock	-0.73	-0.59	-0.41	-0.35	-0.42	-0.77	-0.73	-0.76	-0.15	0.37	0.26	-0.23	-0.16	-0.78	-0.44	-0.7	-0.53	-0.48	0.12	-0.46	0.37	-0.78	0.36	-0.69	-0.62

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Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.

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Ciena Retained Earnings

Retained Earnings

(3.19 Billion)

Ciena Corp reported last year Retained Earnings of (3.04 Billion)

Based on the latest financial disclosure, Ciena Corp has a Price To Earning of 34.45 times. This is 24.46% higher than that of the Communications Equipment sector and 12.56% lower than that of the Information Technology industry. The price to earning for all United States stocks is 19.95% lower than that of the firm.

Ciena Price To Earning Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ciena Corp's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ciena Corp could also be used in its relative valuation, which is a method of valuing Ciena Corp by comparing valuation metrics of similar companies.

Ciena Corp is currently under evaluation in price to earning category among its peers.

Ciena Corp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Ciena Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Ciena Corp's managers, analysts, and investors.

Environmental

Governance

Social

Ciena Fundamentals

	Return On Equity	0.0473
	Return On Asset	0.0252
	Profit Margin	0.03 %
	Operating Margin	0.03 %
	Current Valuation	10.56 B
	Shares Outstanding	144.43 M
	Shares Owned By Insiders	0.92 %
	Shares Owned By Institutions	99.08 %
	Number Of Shares Shorted	6.24 M
	Price To Earning	34.45 X
	Price To Book	3.48 X
	Price To Sales	2.50 X
	Revenue	4.39 B
	Gross Profit	1.88 B
	EBITDA	527.03 M
	Net Income	254.83 M
	Cash And Equivalents	1.18 B
	Cash Per Share	7.98 X
	Total Debt	1.66 B
	Debt To Equity	0.43 %
	Current Ratio	3.48 X
	Book Value Per Share	20.02 X
	Cash Flow From Operations	168.33 M
	Short Ratio	3.78 X
	Earnings Per Share	0.94 X
	Price To Earnings To Growth	0.77 X
	Target Price	65.73
	Number Of Employees	8.31 K
	Beta	0.94
	Market Capitalization	10.07 B
	Total Asset	5.6 B
	Retained Earnings	(3.38 B)
	Working Capital	2.64 B
	Current Asset	2.01 B
	Current Liabilities	891.86 M
	Net Asset	5.6 B

About Ciena Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ciena Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ciena Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ciena Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Ciena Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ciena Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ciena Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ciena Stock

0.68

Fabrinet

Pair Corr

Moving against Ciena Stock

0.76	WBX	Wallbox NV	Pair Corr
0.51	CDW	CDW Corp	Pair Corr
0.48	INVZW	Innoviz Technologies	Pair Corr
0.47	VRME	VerifyMe	Pair Corr
0.45	IVAC	Intevac	Pair Corr

The ability to find closely correlated positions to Ciena Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ciena Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ciena Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ciena Corp to buy it.

The correlation of Ciena Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ciena Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ciena Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Ciena Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Ciena Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ciena Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ciena Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ciena Corp Stock:

How To Invest In Ciena

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Is Ciena Stock a good investment?

Details

What is Ciena Corp's Net Worth?

Details

Largest Communications Equipment Companies

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Check out Ciena Corp Piotroski F Score and Ciena Corp Altman Z Score analysis.

To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.

You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Is Communications Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ciena Corp. If investors know Ciena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ciena Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.50)

Earnings Share

0.94

Revenue Per Share

27.627

Quarterly Revenue Growth

(0.12)

Return On Assets

0.0252

The market value of Ciena Corp is measured differently than its book value, which is the value of Ciena that is recorded on the company's balance sheet. Investors also form their own opinion of Ciena Corp's value that differs from its market value or its book value, called intrinsic value, which is Ciena Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ciena Corp's market value can be influenced by many factors that don't directly affect Ciena Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Ciena Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ciena Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ciena Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Ciena Corp Stock Price To Earning

Ciena Corp Company Price To Earning Analysis

P/E

Market Value Per Share

Earnings Per Share

Current Ciena Corp Price To Earning

Ciena Price To Earning Driver Correlations

Ciena Retained Earnings

Retained Earnings

(3.19 Billion)

Ciena Price To Earning Peer Comparison

Ciena Corp ESG Sustainability

Ciena Fundamentals

About Ciena Corp Fundamental Analysis

Pair Trading with Ciena Corp

Moving together with Ciena Stock

Moving against Ciena Stock

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