Ciena Corporation

LSE:0HYA Stock Report

Market Cap: US$34.0b

Ciena Valuation

Is 0HYA 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 0HYA 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: 0HYA ($228.97) is trading above our estimate of future cash flow value ($76.06)

Significantly Below Future Cash Flow Value: 0HYA 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 0HYA?

Key metric: As 0HYA is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0HYA. This is calculated by dividing 0HYA's market cap by their current revenue.
What is 0HYA's PS Ratio?
PS Ratio6.8x
SalesUS$4.77b
Market CapUS$33.98b

Price to Sales Ratio vs Peers

How does 0HYA's PS Ratio compare to its peers?

The above table shows the PS ratio for 0HYA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4x
FTC Filtronic
7.1x7.80%UK£400.3m
HLMA Halma
5.8x8.97%UK£14.0b
SRT SRT Marine Systems
2.5x21.47%UK£197.3m
BVC BATM Advanced Communications
0.6x-4.66%UK£53.5m
0HYA Ciena
7.1x13.62%US$34.0b

Price-To-Sales vs Peers: 0HYA is expensive based on its Price-To-Sales Ratio (7.1x) compared to the peer average (4x).

Historical Price to Sales Ratio

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

Fetching historical data

Price to Sales Ratio vs Industry

How does 0HYA's PS Ratio compare vs other companies in the European Communications Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
0HYA 6.8xIndustry Avg. 1.3xNo. of Companies11PS012345+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0HYA is expensive based on its Price-To-Sales Ratio (7.1x) compared to the European Communications industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is 0HYA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0HYA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.8x
Fair PS Ratio6x

Price-To-Sales vs Fair Ratio: 0HYA is expensive based on its Price-To-Sales Ratio (7.1x) compared to the estimated Fair Price-To-Sales Ratio (6x).

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 0HYA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$229.44
US$237.13
+3.35%
23.32%US$305.00US$105.00n/a16
Jan ’27US$236.39
US$237.13
+0.31%
23.32%US$305.00US$105.00n/a16
Dec ’26US$200.04
US$152.63
-23.70%
25.43%US$230.00US$79.00n/a16
Nov ’26US$188.17
US$142.06
-24.50%
21.75%US$200.00US$79.00n/a16
Oct ’26US$150.16
US$132.69
-11.64%
19.84%US$190.00US$79.00n/a16
Sep ’26US$93.99
US$88.88
-5.44%
13.98%US$105.00US$66.00n/a16
Aug ’26US$88.53
US$86.25
-2.58%
14.52%US$105.00US$66.00n/a16
Jul ’26US$81.10
US$82.80
+2.10%
12.96%US$102.00US$66.00n/a16
Jun ’26US$78.80
US$79.14
+0.43%
18.64%US$100.00US$44.00n/a15
May ’26US$71.72
US$77.54
+8.11%
19.14%US$100.00US$44.00n/a15
Apr ’26US$61.18
US$83.14
+35.90%
13.60%US$100.00US$65.00n/a14
Mar ’26US$79.03
US$89.00
+12.62%
10.87%US$98.00US$60.00n/a14
Feb ’26US$86.62
US$90.07
+3.98%
11.28%US$105.00US$60.00n/a15
Jan ’26US$84.90
US$87.93
+3.58%
14.92%US$105.00US$57.00US$236.3915
Dec ’25US$69.85
US$65.73
-5.89%
12.09%US$80.00US$46.00US$200.0415
Nov ’25US$64.03
US$65.00
+1.51%
12.35%US$80.00US$46.00US$188.1715
Oct ’25US$60.56
US$62.13
+2.60%
9.10%US$68.00US$46.00US$150.1615
Sep ’25US$56.43
US$56.77
+0.61%
10.79%US$66.00US$44.00US$93.9915
Aug ’25US$50.57
US$56.43
+11.59%
10.27%US$66.00US$44.00US$88.5315
Jul ’25US$47.51
US$56.43
+18.78%
10.27%US$66.00US$44.00US$81.1015
Jun ’25US$47.39
US$57.30
+20.91%
12.27%US$68.00US$42.50US$78.8015
May ’25US$46.57
US$58.96
+26.61%
12.51%US$68.00US$42.50US$71.7216
Apr ’25US$49.56
US$60.17
+21.41%
11.08%US$68.00US$42.50US$61.1814
Mar ’25US$60.55
US$59.10
-2.39%
10.63%US$68.00US$42.50US$79.0314
Feb ’25US$53.81
US$59.43
+10.44%
11.15%US$70.00US$42.50US$86.6215
Jan ’25US$45.02
US$58.89
+30.82%
11.34%US$70.00US$42.50US$84.9015
US$234.62
Fair Value
2.2% undervalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/21 23:35
End of Day Share Price 2026/01/21 00:00
Earnings2025/11/01
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 world class team 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 34 analysts. 15 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
Jeffrey KvaalBarclays
Timothy LongBarclays