Ciena
CIEN
#2157
Rank
$7.03 B
Marketcap
$48.92
Share price
0.33%
Change (1 day)
18.11%
Change (1 year)
Ciena Corporation is an American telecommunications networking equipment and software services supplier.

P/E ratio for Ciena (CIEN)

P/E ratio as of July 2024 (TTM): 32.8

According to Ciena's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.8322. At the end of 2022 the company had a P/E ratio of 50.0.

P/E ratio history for Ciena from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202250.0109.09%
202123.95.84%
202022.6-13.23%
201926.0-283.46%
2018-14.2-698.58%
20172.37-94.95%
201646.9-75.04%
2015188-477.93%
2014-49.874.7%
2013-28.5164.92%
2012-10.882.19%
2011-5.900.38%
2010-5.88244.98%
2009-1.70-111.45%
200814.9-57.66%
200735.2-97.46%
2006> 1000-35383.54%
2005-3.9276.11%
2004-2.23-70.47%
2003-7.54548.4%
2002-1.16-53.35%
2001-2.49

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-204-721.34%๐Ÿ‡บ๐Ÿ‡ธ USA
-6.28-119.12%๐Ÿ‡บ๐Ÿ‡ธ USA
32.6-0.72%๐Ÿ‡บ๐Ÿ‡ธ USA
49.3 50.25%๐Ÿ‡บ๐Ÿ‡ธ USA
15.3-53.28%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.