CIEN has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
CIEN has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
As of today (2024-04-27), Ciena's current share price is $46.61. Ciena's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $1.59. Ciena's Cyclically Adjusted Price-to-FCF for today is 29.31.
The historical rank and industry rank for Ciena's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
During the past years, Ciena's highest Cyclically Adjusted Price-to-FCF was 3996.00. The lowest was 27.40. And the median was 47.84.
CIEN's Cyclically Adjusted Price-to-FCF is ranked worse thanThe Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.
Ciena's adjusted free cash flow per share data for the three months ended in Jan. 2024 was $1.711. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.59 for the trailing ten years ended in Jan. 2024.
The historical data trend for Ciena's Cyclically Adjusted Price-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ciena Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Cyclically Adjusted Price-to-FCF | Get a 7-Day Free Trial | 44.77 | 36.33 | 34.43 | 31.01 | 33.24 |
For the Communication Equipment subindustry, Ciena's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Hardware industry and Technology sector, Ciena's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Ciena's Cyclically Adjusted Price-to-FCF falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.
Ciena's Cyclically Adjusted Price-to-FCF for today is calculated as
Cyclically Adjusted Price-to-FCF | = | Share Price | / | Cyclically Adjusted FCF per Share |
= | 46.61 | / | 1.59 | |
= | 29.31 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ciena's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:
For example, Ciena's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:
Adj_FreeCashFlowPerShare | = | Free Cash Flow per Share | / | CPI of Jan. 2024 (Change) | * | Current CPI (Jan. 2024) |
= | 1.711 | / | 129.4194 | * | 129.4194 | |
= | 1.711 |
Current CPI (Jan. 2024) = 129.4194.
Ciena Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201404 | -0.083 | 100.023 | -0.107 |
201407 | 0.345 | 100.520 | 0.444 |
201410 | 0.576 | 100.176 | 0.744 |
201501 | 0.102 | 98.604 | 0.134 |
201504 | 0.212 | 99.824 | 0.275 |
201507 | 0.748 | 100.691 | 0.961 |
201510 | 0.455 | 100.346 | 0.587 |
201601 | -0.102 | 99.957 | -0.132 |
201604 | 0.263 | 100.947 | 0.337 |
201607 | 0.289 | 101.524 | 0.368 |
201610 | 0.596 | 101.988 | 0.756 |
201701 | -0.365 | 102.456 | -0.461 |
201704 | 0.226 | 103.167 | 0.284 |
201707 | 0.203 | 103.278 | 0.254 |
201710 | 0.644 | 104.070 | 0.801 |
201801 | 0.070 | 104.578 | 0.087 |
201804 | 0.210 | 105.708 | 0.257 |
201807 | 0.435 | 106.324 | 0.529 |
201810 | 0.354 | 106.695 | 0.429 |
201901 | -0.186 | 106.200 | -0.227 |
201904 | 0.532 | 107.818 | 0.639 |
201907 | 0.440 | 108.250 | 0.526 |
201910 | 1.446 | 108.577 | 1.724 |
202001 | 0.083 | 108.841 | 0.099 |
202004 | 0.467 | 108.173 | 0.559 |
202007 | 1.021 | 109.318 | 1.209 |
202010 | 1.060 | 109.861 | 1.249 |
202101 | -0.180 | 110.364 | -0.211 |
202104 | 1.238 | 112.673 | 1.422 |
202107 | 0.341 | 115.183 | 0.383 |
202110 | 1.548 | 116.696 | 1.717 |
202201 | -0.515 | 118.619 | -0.562 |
202204 | 0.568 | 121.978 | 0.603 |
202207 | -1.509 | 125.002 | -1.562 |
202210 | -0.258 | 125.734 | -0.266 |
202301 | -1.977 | 126.223 | -2.027 |
202304 | 1.344 | 127.992 | 1.359 |
202307 | -0.111 | 128.974 | -0.111 |
202310 | 1.168 | 129.810 | 1.164 |
202401 | 1.711 | 129.419 | 1.711 |
Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.
Thank you for viewing the detailed overview of Ciena's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
David M Rothenstein | officer: Sr. VP, General Counsel | 7035 RIDGE ROAD, HANOVER MD 21076 |
Gary B Smith | director, officer: President, CEO | C/O CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076 |
Brodie Gage | officer: SVP Global Products & Supply | 2351 ALFRED-NOBEL BLVD, SUITE N-300, SAINT LAURENT A8 H4S 2A9 |
Dino Diperna | officer: SVP Global R&D | 385 TERRY FOX DR, OTTAWA A6 K2K OL1 |
Jason Phipps | officer: SVP Global Sales and Marketing | 7410 RIDGE RD, HANOVER MD 21076 |
Joseph Cumello | officer: SVP, General Mgr. Blue Planet | 7035 RIDGE RD, HANOVER MD 21076 |
Scott Mcfeely | officer: SVP, Networking Platforms | 7035 RIDGE RD, HANOVER MD 21076 |
Mary G Puma | director | AXCELIS TECHNOLOGIES INC., 108 CHERRY HILL DRIVE, BEVERLY MA 01915 |
Andrew C Petrik | officer: VP, CONTROLLER | 7035 RIDGE ROAD, HANOVER MD 21076 |
Sheela Kosaraju | officer: SVP, General Counsel | 43-51 WORSHIP ST, LONDON X0 EC2A 2DX |
Stephen B Alexander | officer: SVP, Chief Technology Officer | C/O CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076 |
Rick Hamilton | officer: SVP, Software and Services | 9500 AMBERGIEN, AUSTIN TX 78729 |
Moylan James E Jr | officer: SVP Finance, CFO | CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076 |
Judith M Obrien | director | 855 MAUDE AVENUE, MOUNTAIN VIEW CA 94043 |
Thomas Michael Nevens | director | C/O BORLAND SOFTWARE CORPORATION, 20450 STEVENS CREEK BLVD, SUITE 800, CUPERTINO CA 95014 |
From GuruFocus
By GuruFocus Research • 12-19-2023
By Business Wire • 08-03-2023
By Business Wire • 09-19-2023
By Business Wire Business Wire • 05-09-2023
By GuruFocus Research • 10-18-2023
By Business Wire Business Wire • 05-11-2023
By Business Wire • 09-13-2023
By Business Wire • 08-17-2023
By Business Wire • 01-18-2024
By Business Wire • 09-21-2023