CIEN - CIENA CORP

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Nov 1, 2025 10-K ↗	FY 2024 Nov 2, 2024 10-K ↗	FY 2023 Oct 28, 2023 10-K ↗	FY 2022 Oct 29, 2022 10-K ↗	FY 2021 Oct 30, 2021 10-K ↗	FY 2020 Oct 31, 2020 10-K ↗	FY 2019 Nov 2, 2019 10-K ↗	FY 2018 Oct 31, 2018 10-K ↗	FY 2017 Oct 31, 2017 10-K ↗	FY 2016 Oct 31, 2016 10-K ↗	FY 2015 Oct 31, 2015 10-K ↗	FY 2014 Oct 31, 2014 10-K ↗	FY 2013 Oct 31, 2013 10-K ↗	FY 2012 Oct 31, 2012 10-K ↗	FY 2011 Oct 31, 2011 10-K ↗	FY 2010 Oct 31, 2010 10-K ↗	FY 2009 Oct 31, 2009 10-K ↗	FY 2008 Oct 31, 2008 10-K ↗	FY 2007 Oct 31, 2007 10-K ↗
Revenue Growth YoY (%)	18.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+276%)	-8.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-269%)	20.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+315%)	0.3% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-93%)	2.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-50%)	-1.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-122%)	15.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+209%)	10.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+109%)	7.7% Fair → Fair Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+55%)	6.3% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+27%)	6.9% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+38%)	9.9% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+98%)	13.6% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+171%)	5.3% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+6%)	40.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+717%)	89.5% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1690%)	-27.7% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-654%)	—	—
EPS Growth YoY (%)	50.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-66.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	69.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-68.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	37.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	43.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	1609.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	420.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	54.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	42.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	28.9% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	43.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	43.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—
Net Income Growth YoY (%)	46.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-67.1% Weak ↓ Weak Declining Year-over-year change in net income	66.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-69.4% Weak ↓ Weak Declining Year-over-year change in net income	38.4% Excellent Excellent Year-over-year change in net income	42.6% Excellent Excellent Year-over-year change in net income	N/M	N/M	1638.6% Excellent ↑ Excellent Improving Year-over-year change in net income	522.1% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	52.4% Excellent ↑ Excellent Improving Year-over-year change in net income	40.7% Excellent ↑ Excellent Improving Year-over-year change in net income	26.3% Excellent ↓ Excellent Declining Year-over-year change in net income	41.4% Excellent Excellent Year-over-year change in net income	42.6% Excellent Excellent Year-over-year change in net income	N/M	—	—
FCF Growth YoY (%)	79.1% Excellent Excellent Year-over-year change in free cash flow	526.1% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	11.7% Fair ↓ Fair Declining Year-over-year change in free cash flow	18.3% Good ↓ Good Declining Year-over-year change in free cash flow	100.2% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	13.8% Fair ↓ Fair Declining Year-over-year change in free cash flow	-25.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	-21.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	329.5% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	4558.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-98.6% Weak ↑ Weak Improving Year-over-year change in free cash flow	N/M	50.5% Excellent Excellent Year-over-year change in free cash flow	-1543.7% Weak Weak Year-over-year change in free cash flow	N/M	—	—
Revenue CAGR 3Y (%)	9.5% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	3.5% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	7.5% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	0.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	5.4% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	8.0% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	11.2% Good ↑ Good Improving Compound annual revenue growth over 3 years	8.2% Fair → Fair Stable Compound annual revenue growth over 3 years	7.0% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	7.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	10.1% Good ↓ Good Declining Compound annual revenue growth over 3 years	9.5% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	19.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	41.1% Excellent Excellent Compound annual revenue growth over 3 years	24.5% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	6.2% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	2.4% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	7.2% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	5.3% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	6.8% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	7.6% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	9.3% Good ↑ Good Improving Compound annual revenue growth over 5 years	8.2% Good ↓ Good Declining Compound annual revenue growth over 5 years	8.8% Good ↓ Good Declining Compound annual revenue growth over 5 years	8.3% Good ↓ Good Declining Compound annual revenue growth over 5 years	14.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	28.5% Excellent Excellent Compound annual revenue growth over 5 years	18.2% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-4.9% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-43.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-9.9% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-14.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	-35.9% Weak Weak Compound annual EPS growth over 3 years	46.4% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Nov 1, 2025 10-K ↗	FY 2024 Nov 2, 2024 10-K ↗	FY 2023 Oct 28, 2023 10-K ↗	FY 2022 Oct 29, 2022 10-K ↗	FY 2021 Oct 30, 2021 10-K ↗	FY 2020 Oct 31, 2020 10-K ↗	FY 2019 Nov 2, 2019 10-K ↗	FY 2018 Oct 31, 2018 10-K ↗	FY 2017 Oct 31, 2017 10-K ↗	FY 2016 Oct 31, 2016 10-K ↗	FY 2015 Oct 31, 2015 10-K ↗	FY 2014 Oct 31, 2014 10-K ↗	FY 2013 Oct 31, 2013 10-K ↗	FY 2012 Oct 31, 2012 10-K ↗	FY 2011 Oct 31, 2011 10-K ↗	FY 2010 Oct 31, 2010 10-K ↗	FY 2009 Oct 31, 2009 10-K ↗	FY 2008 Oct 31, 2008 10-K ↗	FY 2007 Oct 31, 2007 10-K ↗
Operating Margin (%) (%)	4.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	4.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	8.2% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	6.1% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	13.7% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+14%)	13.8% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+15%)	9.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	7.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	7.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	6.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-50%)	4.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	2.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-83%)	-0.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-101%)	-4.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-136%)	-9.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-178%)	-26.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-317%)	-88.8% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-840%)	2.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-80%)	—
Effective Tax Rate (%) (%)	21.1% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.9% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.3% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.2% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-8.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.8% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	2.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-68%)	2.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	5.8% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	4.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-47%)	13.8% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+73%)	10.2% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+28%)	7.1% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-11%)	-11.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-239%)	45.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+463%)	2.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	0.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-94%)	-1.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-122%)	-4.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-151%)	-7.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-198%)	-11.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-240%)	-27.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-437%)	-89.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1213%)	4.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	—
FCF Margin (%) (%)	13.9% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	9.4% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	1.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-7.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	12.8% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.6% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	9.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.2% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.0% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.0% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.2% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	1.8% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	0.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	3.2% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-8.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-22.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-2.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	9.7% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	5.39x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	4.50x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.24x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-1.69x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.92x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	1.14x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.38x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	-0.47x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.11x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.51x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	17.14x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.02x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.01x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.41x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.73x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.84x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.03x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	2.25x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Nov 1, 2025 10-K ↗	FY 2024 Nov 2, 2024 10-K ↗	FY 2023 Oct 28, 2023 10-K ↗	FY 2022 Oct 29, 2022 10-K ↗	FY 2021 Oct 30, 2021 10-K ↗	FY 2020 Oct 31, 2020 10-K ↗	FY 2019 Nov 2, 2019 10-K ↗	FY 2018 Oct 31, 2018 10-K ↗	FY 2017 Oct 31, 2017 10-K ↗	FY 2016 Oct 31, 2016 10-K ↗	FY 2015 Oct 31, 2015 10-K ↗	FY 2014 Oct 31, 2014 10-K ↗	FY 2013 Oct 31, 2013 10-K ↗	FY 2012 Oct 31, 2012 10-K ↗	FY 2011 Oct 31, 2011 10-K ↗	FY 2010 Oct 31, 2010 10-K ↗	FY 2009 Oct 31, 2009 10-K ↗	FY 2008 Oct 31, 2008 10-K ↗	FY 2007 Oct 31, 2007 10-K ↗
Return on Invested Capital (%)	3.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	2.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	6.4% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	4.9% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	14.5% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	12.1% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	9.6% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	6.9% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	6.7% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	9.8% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	4.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	3.0% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-0.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	70.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-929.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-159.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-100.4% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	3.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	6.4% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	4.4% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	10.2% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.6% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	8.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.1% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.4% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.4% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-4.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-8.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-15.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	-38.5% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	4.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-70%)	3.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-80%)	8.9% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-40%)	5.6% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-62%)	16.6% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+10%)	14.4% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	11.7% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-22%)	-17.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-219%)	59.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+294%)	9.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-37%)	1.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-87%)	58.4% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+289%)	103.3% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+589%)	161.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+979%)	—	-209.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1496%)	-127.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-950%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Nov 1, 2025 10-K ↗	FY 2024 Nov 2, 2024 10-K ↗	FY 2023 Oct 28, 2023 10-K ↗	FY 2022 Oct 29, 2022 10-K ↗	FY 2021 Oct 30, 2021 10-K ↗	FY 2020 Oct 31, 2020 10-K ↗	FY 2019 Nov 2, 2019 10-K ↗	FY 2018 Oct 31, 2018 10-K ↗	FY 2017 Oct 31, 2017 10-K ↗	FY 2016 Oct 31, 2016 10-K ↗	FY 2015 Oct 31, 2015 10-K ↗	FY 2014 Oct 31, 2014 10-K ↗	FY 2013 Oct 31, 2013 10-K ↗	FY 2012 Oct 31, 2012 10-K ↗	FY 2011 Oct 31, 2011 10-K ↗	FY 2010 Oct 31, 2010 10-K ↗	FY 2009 Oct 31, 2009 10-K ↗	FY 2008 Oct 31, 2008 10-K ↗	FY 2007 Oct 31, 2007 10-K ↗
Debt to Equity (x)	0.56x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-20%)	0.54x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-22%)	0.54x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-23%)	0.39x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-44%)	0.22x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-68%)	0.27x Excellent → Excellent Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-61%)	0.31x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-55%)	0.36x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-49%)	0.18x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-74%)	0.63x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-9%)	2.05x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+193%)	-18.31x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-2716%)	-14.66x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-2194%)	—	—	—	—	—	—
Interest Coverage (x)	2.32x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	1.80x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	4.06x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.74x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	16.06x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	15.55x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	9.26x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.16x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.84x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.76x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.96x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	0.97x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.04x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-2.01x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-4.30x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-17.28x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-78.21x Weak Weak Operating income divided by interest expense Optimal: > 5x	1.69x Caution Caution Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$432.21M	$598.21M	$532.79M	$66.77M	$-745.26M	$-405.34M	$-223.64M	$-58.97M	$-247.54M	$-291.31M	$480.67M	$688.07M	$865.53M	$-642.44M	$-541.90M	$-688.69M	$-485.70M	$-550.67M	$-892.06M
Debt / EBITDA (x)	5.05x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.91x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.43x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.33x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.14x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.18x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.57x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.19x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.35x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.21x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.13x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	12.58x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	22.48x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Nov 1, 2025 10-K ↗	FY 2024 Nov 2, 2024 10-K ↗	FY 2023 Oct 28, 2023 10-K ↗	FY 2022 Oct 29, 2022 10-K ↗	FY 2021 Oct 30, 2021 10-K ↗	FY 2020 Oct 31, 2020 10-K ↗	FY 2019 Nov 2, 2019 10-K ↗	FY 2018 Oct 31, 2018 10-K ↗	FY 2017 Oct 31, 2017 10-K ↗	FY 2016 Oct 31, 2016 10-K ↗	FY 2015 Oct 31, 2015 10-K ↗	FY 2014 Oct 31, 2014 10-K ↗	FY 2013 Oct 31, 2013 10-K ↗	FY 2012 Oct 31, 2012 10-K ↗	FY 2011 Oct 31, 2011 10-K ↗	FY 2010 Oct 31, 2010 10-K ↗	FY 2009 Oct 31, 2009 10-K ↗	FY 2008 Oct 31, 2008 10-K ↗	FY 2007 Oct 31, 2007 10-K ↗
Revenue per Share (USD)	$33.54	$27.74	$29.45	$24.02	$23.32	$22.89	$22.94	$21.53	$19.73	$18.80	$20.65	$21.63	$20.35	$18.46	$18.17	$13.28	$7.16	$10.12	—
Basic EPS, GAAP (USD)	$0.87	$0.58	$1.71	$1.01	$3.22	$2.34	$1.63	$-2.40	$8.89	$0.52	$0.10	$-0.38	$-0.83	$-1.45	$-2.04	$-3.58	$-6.37	$0.44	—
Free Cash Flow per Share (USD)	$4.68	$2.61	$0.42	$-1.71	$2.98	$2.66	$2.25	$1.12	$0.99	$1.32	$1.69	$0.39	$0.01	$0.59	$-1.49	$-3.01	$-0.18	$0.98	—
Book Value per Share (USD)	$19.35	$19.74	$19.67	$18.28	$19.50	$16.24	$14.07	$12.50	$14.93	$5.48	$4.58	$-0.65	$-0.80	$-0.88	$0.14	$1.69	$4.95	—	—
Tangible Book Value per Share (USD)	$14.07	$15.47	$15.18	$15.60	$17.07	$13.60	$11.41	$9.61	$12.36	$2.52	$1.19	$-1.85	$-2.59	$-3.44	$-3.26	$-2.84	$4.29	—	—
Basic Weighted Avg Shares (shares)	142.22M	144.72M	148.97M	151.21M	155.28M	154.29M	155.72M	143.74M	142.00M	138.31M	118.42M	105.78M	102.35M	99.34M	95.85M	93.10M	91.17M	89.15M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Nov 1, 2025 10-K ↗	FY 2024 Nov 2, 2024 10-K ↗	FY 2023 Oct 28, 2023 10-K ↗	FY 2022 Oct 29, 2022 10-K ↗	FY 2021 Oct 30, 2021 10-K ↗	FY 2020 Oct 31, 2020 10-K ↗	FY 2019 Nov 2, 2019 10-K ↗	FY 2018 Oct 31, 2018 10-K ↗	FY 2017 Oct 31, 2017 10-K ↗	FY 2016 Oct 31, 2016 10-K ↗	FY 2015 Oct 31, 2015 10-K ↗	FY 2014 Oct 31, 2014 10-K ↗	FY 2013 Oct 31, 2013 10-K ↗	FY 2012 Oct 31, 2012 10-K ↗	FY 2011 Oct 31, 2011 10-K ↗	FY 2010 Oct 31, 2010 10-K ↗	FY 2009 Oct 31, 2009 10-K ↗	FY 2008 Oct 31, 2008 10-K ↗	FY 2007 Oct 31, 2007 10-K ↗
Working Capital (USD)	$2.26B	$2.54B	$2.64B	$2.35B	$2.28B	$1.85B	$1.54B	$1.18B	$968.57M	$1.12B	$1.20B	$912.05M	$780.75M	$730.72M	$879.35M	$971.62M	$1.11B	—	—
LT Debt (USD)	$1.52B	$1.53B	$1.54B	$1.06B	$677.28M	$683.29M	$680.41M	$686.45M	$392.97M	$486.30M	$1.27B	$1.27B	$1.21B	—	—	—	—	—	—
Total Equity (USD)	$2.73B	$2.82B	$2.85B	$2.71B	$3.02B	$2.51B	$2.17B	$1.93B	$2.14B	$766.34M	$620.88M	$-69.61M	$-82.68M	$-88.97M	$13.87M	$159.29M	$455.84M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Nov 1, 2025 10-K ↗	FY 2024 Nov 2, 2024 10-K ↗	FY 2023 Oct 28, 2023 10-K ↗	FY 2022 Oct 29, 2022 10-K ↗	FY 2021 Oct 30, 2021 10-K ↗	FY 2020 Oct 31, 2020 10-K ↗	FY 2019 Nov 2, 2019 10-K ↗	FY 2018 Oct 31, 2018 10-K ↗	FY 2017 Oct 31, 2017 10-K ↗	FY 2016 Oct 31, 2016 10-K ↗	FY 2015 Oct 31, 2015 10-K ↗	FY 2014 Oct 31, 2014 10-K ↗	FY 2013 Oct 31, 2013 10-K ↗	FY 2012 Oct 31, 2012 10-K ↗	FY 2011 Oct 31, 2011 10-K ↗	FY 2010 Oct 31, 2010 10-K ↗	FY 2009 Oct 31, 2009 10-K ↗	FY 2008 Oct 31, 2008 10-K ↗	FY 2007 Oct 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$4.77B	$4.01B	$4.39B	$3.63B	$3.62B	$3.53B	$3.57B	$3.09B	$2.80B	$2.60B	$2.45B	$2.29B	$2.08B	$1.83B	$1.74B	$1.24B	$652.63M	$902.45M	—
Depreciation Expense (USD)	$104.13M	$92.85M	$92.56M	$95.92M	$96.23M	$93.91M	$87.58M	$84.21M	$77.19M	$63.39M	$55.90M	$55.62M	$55.70M	$59.10M	$60.15M	$42.79M	$21.93M	$18.60M	—
Net Income, GAAP (USD)	$123.34M	$83.96M	$254.83M	$152.90M	$500.20M	$361.29M	$253.43M	$-344.69M	$1.26B	$72.58M	$11.67M	$-40.64M	$-85.43M	$-144.02M	$-195.52M	$-333.51M	$-581.15M	$38.89M	—
Operating Cash Flow (USD)	$806.09M	$514.53M	$168.33M	$-167.76M	$541.65M	$493.65M	$413.14M	$229.26M	$234.88M	$289.52M	$262.11M	$89.82M	$44.68M	$107.09M	$-90.48M	$-229.01M	$7.42M	$117.62M	—

CIENA CORP

Analytical Summary

19-Year Financial Trajectory

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