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CIENCiena Corporation

The forward PE ratio is 67.49 as of Thursday, July 9, 2026.

Forward PE Ratio (67.49) = Close Price ($462.34) / Consensus Forward EPS ($6.53)

CIEN Forward PE Ratio Metrics

FORWARD PE RATIO

67.49

CIEN Competitors' Forward PE Ratio

CIEN

Ciena Corporation

Current

Market Cap

$65.45B

Forward PE Ratio

67.49

HPE

Hewlett Packard Enterprise Company

vs CIEN

Market Cap

$65.02B

Forward PE Ratio

13.09

STM

STMicroelectronics N.V.

vs CIEN

Market Cap

$63.45B

Forward PE Ratio

N/A

MPWR

Monolithic Power Systems, Inc.

vs CIEN

Market Cap

$67.51B

Forward PE Ratio

54.85

UMC

United Microelectronics Corporation

vs CIEN

Market Cap

$62.01B

Forward PE Ratio

N/A

MSI

Motorola Solutions, Inc.

vs CIEN

Market Cap

$69.26B

Forward PE Ratio

24.80

LITE

Lumentum Holdings Inc.

vs CIEN

Market Cap

$61.13B

Forward PE Ratio

86.23

ALAB

Astera Labs, Inc. Common Stock

vs CIEN

Market Cap

$71.55B

Forward PE Ratio

130.30

TEL

TE Connectivity plc

vs CIEN

Market Cap

$58.06B

Forward PE Ratio

17.48

NXPI

NXP Semiconductors N.V.

vs CIEN

Market Cap

$73.35B

Forward PE Ratio

19.26

Trailing vs Forward

Trailing P/E

147.0

reported TTM EPS

Forward P/E

67.5

consensus next-FY EPS

The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $6.53 implies +117.7% EPS growth vs the reported trailing $3.00.

Forward P/E by Fiscal Year

View All Analyst Estimates

At today's $462.34 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.

Fiscal year endConsensus EPSEstimate rangeAnalystsImplied P/E
2026-11-01$6.53$6.45 – $6.701270.8x
2027-11-01$9.65$7.64 – $11.411247.9x
2028-11-01$14.28$10.42 – $16.70532.4x

Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.

Forward PE Ratio Formula & Definition

PE Ratio = Share Price / Diluted EPS (TTM)

The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Forward PE Ratio FAQ

What is the forward PE ratio for Ciena Corporation (CIEN)?
The forward PE ratio for CIEN stock is 67.49.

About Ciena Corporation

Ciena Corporation is a global technology company focused on telecommunications infrastructure. It delivers integrated solutions – including specialized hardware, software applications, and professional services – designed to facilitate the efficient transmission, routing, switching, aggregation, delivery, and overall management of video, data, and voice traffic across communication networks worldwide. Within its Networking Platforms division, Ciena develops and supplies advanced hardware and integrated solutions. These products are specifically engineered to optimize the convergence of various optical transport methods (like coherent optical transport and optical transport network switching) with packet switching, enabling high-performance data handling. The product portfolio spans a range of packet-optical platforms (e.g., the 6500, 5400, and Z-Series), reconfigurable switching systems (such as the 5430), Waveserver interconnect systems, and dedicated switches for service delivery and aggregation (including the 3000 and 5000 families). This segment also provides the essential operating system software and advanced features embedded within its hardware offerings. Ciena's Blue Planet Automation Software and Services arm is dedicated to intelligent network automation. It offers solutions for orchestrating services across multiple network domains, maintaining precise network inventory, optimizing data routes, coordinating virtualized network functions (NFV), and delivering insightful analytics, alongside related support. The Platform Software and Services segment provides unified management platforms, exemplified by its OneControl system, as well as other software tools for comprehensive network planning, operational control, and ongoing oversight. Finally, the Global Services segment delivers end-to-end client support. This includes strategic consulting, detailed network architecture design, expert installation and deployment, ongoing maintenance, and comprehensive training programs. The company distributes its cutting-edge products and services to network operators through both direct sales forces and indirect channel partners. Established in 1992, Ciena Corporation maintains its corporate headquarters in Hanover, Maryland.

Hanover, MD
8,795 employees
Technology / Communication Equipment
Sector
Technology
Industry
Communication Equipment
CEO
Gary Smith