Ciena Corporation

BATS-CHIXE:CIE1D Stock Report

Market Cap: €41.3b

Ciena Valuation

Is CIE1D undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CIE1D when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: CIE1D (€293.65) is trading above our estimate of future cash flow value (€183.74)

Significantly Below Future Cash Flow Value: CIE1D is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CIE1D?

Key metric: As CIE1D is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CIE1D. This is calculated by dividing CIE1D's market cap by their current earnings.
What is CIE1D's PE Ratio?
PE Ratio72.5x
EarningsUS$654.41m
Market CapUS$47.93b

Price to Earnings Ratio vs Peers

How does CIE1D's PE Ratio compare to its peers?

The above table shows the PE ratio for CIE1D vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average61.3x
FTC Filtronic
118.2x36.32%UK£538.9m
HLMA Halma
36.4x9.51%UK£13.6b
SRT SRT Marine Systems
76.9x59.05%UK£218.4m
MWE M.T.I Wireless Edge
13.7xn/aUK£54.3m
CIE1D Ciena
72.5x29.38%€47.9b

Price-To-Earnings vs Peers: CIE1D is expensive based on its Price-To-Earnings Ratio (72.5x) compared to the peer average (61.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does CIE1D's PE Ratio compare vs other companies in the European Communications Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies9PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CIE1D is expensive based on its Price-To-Earnings Ratio (72.5x) compared to the European Communications industry average (18.6x).

Price to Earnings Ratio vs Fair Ratio

What is CIE1D's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CIE1D PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio72.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CIE1D's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CIE1D forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€293.65
€434.05
+47.81%
20.94%€568.26€279.83n/a19
Sep ’27€313.65
€474.99
+51.44%
18.57%€619.70€232.39n/a19
Aug ’27€329.95
€496.63
+50.52%
18.66%€632.09€237.03n/a19
Jul ’27€412.85
€497.20
+20.43%
18.66%€632.81€237.30n/a19
Jun ’27€486.30
€399.05
-17.94%
32.21%€580.57€206.42n/a19
May ’27€432.70
€337.15
-22.08%
30.77%€563.18€106.66n/a19
Apr ’27n/a
€290.62
0%
23.06%€406.60€108.14n/a17
Mar ’27n/a
€210.01
0%
24.28%€279.94€89.07n/a16
Feb ’27n/a
€202.35
0%
23.44%€259.59€89.37n/a16
Jan ’27n/a
€201.96
0%
23.32%€259.77€89.43n/a16
Dec ’26n/a
€131.99
0%
25.43%€198.90€68.32n/a16
Nov ’26n/a
€122.02
0%
21.75%€171.78€67.85n/a16
Oct ’26n/a
€113.14
0%
19.84%€162.01€67.36n/a16
Sep ’26n/a
€75.98
0%
13.98%€89.76€56.42€313.6516
Aug ’26n/a
€73.43
0%
14.52%€89.40€56.19€329.9516
Jul ’26n/a
€70.30
0%
12.96%€86.60€56.03€412.8516
Jun ’26n/a
€69.83
0%
18.64%€88.23€38.82€486.3015
May ’26n/a
€67.87
0%
19.14%€87.53€38.51€432.7015
Apr ’26n/a
€76.40
0%
13.60%€91.89€59.73n/a14
Mar ’26n/a
€85.08
0%
10.87%€93.68€57.35n/a14
Feb ’26n/a
€86.34
0%
11.28%€100.65€57.52n/a15
Jan ’26n/a
€84.50
0%
14.92%€100.89€54.77n/a15
Dec ’25n/a
€62.37
0%
12.09%€75.90€43.64n/a15
Nov ’25n/a
€60.09
0%
12.35%€73.96€42.53n/a15
Oct ’25n/a
€55.91
0%
9.10%€61.19€41.40n/a15
Sep ’25n/a
€51.36
0%
10.79%€59.72€39.81n/a15
€442.48
Fair Value
33.6% undervalued intrinsic discount
19
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 00:26
End of Day Share Price 2026/09/10 00:00
Earnings2026/08/01
Annual Earnings2025/11/01

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ciena Corporation is covered by 38 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James KelleherArgus Research Company
Timothy LongBarclays
Jeffrey KvaalBarclays