$554.76
567.0% vs S&P 12m
Business overview
DCI optical transport leader; hyperscaler inter-datacenter bandwidth growth tied directly to AI training cluster fan-out.
Hyperscaler DCI demand is one of the cleanest second-order AI signals; Ciena dominates 400ZR/800ZR coherent pluggables.
Products
- WaveLogic coherent optics
- 6500 platform
- Routing
Customers (2)
- Hyperscalers
- Telcos
Competitors (3)
- Nokia
- Cisco
- Infinera
Composite score
Higher = stronger overall research case
Fundamental66
Technical83
Valuation20
AI relevance60
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 60
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: 65.9%6M RS: 177.9%12M RS: 567.0%Vol30d: 62%DD52w: -6.2%
Financial summary
Curated, illustrative
Revenue
$5.12B
Growth (YoY)
33.1%
Gross margin
42.1%
Operating margin
13.4%
FCF
$699.30M
Capex
$230.71M
Net cash / (debt)
$-289.99M
ROIC
4.6%
Customer conc.
Medium
Valuation
Market cap
$78.44B
Enterprise value
$78.73B
P/E (TTM)
357.9x
Forward P/E
63.5x
EV / Sales
15.4x
EV / EBITDA
138.0x
P / FCF
112.2x
PEG
2.3x
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 3Telco capex cycle exposure
Score components
What drove the composite
Growth89
Profitability50
Cash generation56
Balance sheet77
Moat / AI relevance62
Capital intensity (higher = lighter)74
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)80
Relative strength100
Realized vol (higher = lower vol)32
Segment peers
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