Ciena Corporation

Ciena Corporationverified

CIEN

Price:

$51.16

Market Cap:

$7.35B

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 September 2024 (TTM) for Ciena Corporation (CIEN) is 4.04

According to Ciena Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 4.04. This represents a change of 1.04% compared to the average of 4.00 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 2.82. The current 4.04 Current Ratio has changed 14.22% 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

2.82

Median

2.81

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
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%
20142.17-4.49%

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

3.53

5-year avg

3.37

10-year avg

2.82

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. (0.90), greater than Hewlett Packard Enterprise Company (0.94), greater than NETGEAR, Inc. (2.60), greater than Motorola Solutions, Inc. (1.19), less than Lumentum Holdings Inc. (5.90), greater than ADTRAN Holdings, Inc. (2.31), greater than Gilat Satellite Networks Ltd. (2.14), greater than Viavi Solutions Inc. (3.55), greater than Infinera Corporation (1.57), greater than Applied Optoelectronics, Inc. (1.64), greater than Juniper Networks, Inc. (1.69), greater than Harmonic Inc. (1.87), greater than Digi International Inc. (2.00), less than Clearfield, Inc. (8.38), greater than Comtech Telecommunications Corp. (1.78),

Build a custom stock screener for Ciena Corporation (CIEN) and other stocks

One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Ciena Corporation using the financials and key metrics that matter to you in a single view.

The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:

Custom stock screener in Wisesheets

Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.

Get your free trial here.

Ciena Corporation (CIEN) and other stocks custom spreadsheet templates

The easiest way to analyze a company like Ciena Corporation or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.

Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.

Custom stock templates in Wisesheets

Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.

Frequently asked questions❓

What is the Current Ratio?

How can you use the Current Ratio?

What is Ciena Corporation's Current Ratio?

How is the Current Ratio calculated for Ciena Corporation (CIEN)?

What is the highest Current Ratio for Ciena Corporation (CIEN)?

What is the 3-year average Current Ratio for Ciena Corporation (CIEN)?

What is the 5-year average Current Ratio for Ciena Corporation (CIEN)?

How does the current Current Ratio for Ciena Corporation (CIEN) compare to its historical average?