Ciena Corporation

Ciena Corporationverified

CIEN

Price:

$87.38

Market Cap:

$12.62B

Ciena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-...[Read more]

Industry

Communication Equipment

IPO Date

1997-02-07

Stock Exchange

NYSE

Ticker

CIEN

The Current Ratio as of December 2024 (TTM) for Ciena Corporation (CIEN) is 4.06

According to Ciena Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 4.06. This represents a change of 1.46% compared to the average of 4.01 of the last 4 quarters.

Ciena Corporation (CIEN) Historical Current Ratio (quarterly & annually)

How has CIEN Current Ratio performed in the past?

The mean historical Current Ratio of Ciena Corporation over the last ten years is 2.96. The current 4.06 Current Ratio has changed 13.63% with respect to the historical average. Over the past ten years (40 quarters), CIEN's Current Ratio was at its highest in in the January 2024 quarter at 4.26. The Current Ratio was at its lowest in in the October 2017 quarter at 1.93.

Quarterly (TTM)
Annual

Average

2.96

Median

3.03

Minimum

1.93

Maximum

3.84

Ciena Corporation (CIEN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Ciena Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 28.93%

Maximum Annual Current Ratio = 3.84

Minimum Annual Increase = -19.23%

Minimum Annual Current Ratio = 1.93

Quarterly (TTM)
Annual
YearCurrent RatioChange
20243.54-7.60%
20233.8417.91%
20223.25-7.25%
20213.512.20%
20203.4321.91%
20192.8226.55%
20182.2215.08%
20171.93-14.35%
20162.26-19.23%
20152.7928.93%

Ciena Corporation (CIEN) Average Current Ratio

How has CIEN Current Ratio performed in the past?

The current Current Ratio of Ciena Corporation (CIEN) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

3.55

5-year avg

3.52

10-year avg

2.96

Ciena Corporation (CIEN) Current Ratio vs. Peers

How is CIEN’s Current Ratio compared to its peers?

Ciena Corporation’s Current Ratio is greater than Extreme Networks, Inc. (0.91), greater than Hewlett Packard Enterprise Company (1.29), greater than NETGEAR, Inc. (2.84), greater than Motorola Solutions, Inc. (1.25), less than Lumentum Holdings Inc. (5.36), greater than ADTRAN Holdings, Inc. (2.10), greater than Gilat Satellite Networks Ltd. (2.17), greater than Viavi Solutions Inc. (3.71), greater than Infinera Corporation (1.58), greater than Applied Optoelectronics, Inc. (1.61), greater than Juniper Networks, Inc. (1.72), greater than Harmonic Inc. (2.08), greater than Digi International Inc. (1.73), less than Clearfield, Inc. (9.43), greater than Comtech Telecommunications Corp. (1.83),

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