CienaHAM:CIE1 -1.25%72 FCF Margin % is 13.92% as of Apr. 2026, which is 70% above its 10-year median of 8.21. GuruFocus rates HAM:CIE1 with a GF Score™ of 72/100 and a GF Value™ of €82.97 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,471 Hardware companies, Ciena ranks better than 89.03% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Ciena's Free Cash Flow for the
three
months ended in Apr. 2026 was €187 Mil. Ciena's Revenue for the
three
months ended in Apr. 2026 was €1,343 Mil. Therefore, Ciena's FCF Margin % for the quarter that ended in Apr. 2026 was 13.92%.
The historical rank and industry rank for Ciena's FCF Margin % or its related term are showing as below:
HAM:CIE1'
s FCF Margin % Range Over the Past 10 Years
Min: -7.12 Med: 8.21 Max: 14.96
Current: 14.96
During the past 13 years, the highest FCF Margin % of Ciena was 14.96%. The lowest was -7.12%. And the median was 8.21%.
HAM:CIE1's FCF Margin % is ranked better than 89.03% of 2471
companies
in the Hardware industry
Industry Median: 0.63
vs HAM:CIE1: 14.96
Ciena FCF Margin % Related Terms
Ciena FCF Margin % Historical Data
* Premium members only.
The historical data trend for Ciena's FCF Margin % 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.
HAM:CIE1 vs MSI, LITE, HPE: FCF Margin % Comparison
For the Communication Equipment subindustry, Ciena's FCF Margin %, along with its competitors' market caps and FCF Margin % 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.
Ciena FCF Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Ciena's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Ciena's FCF Margin % falls into.
* 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 (HAM:CIE1) has a FCF Margin % of 13.92% as of Apr. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Ciena and its competitors. This is 70% above median its historical median of 8.21. According to the industry distribution chart, Ciena ranks #271 out of 2471 companies in the Hardware industry, placing it in the top 11%.
Is Ciena's FCF Margin % too high?
Ciena's current FCF Margin % of 13.92% is 70% above median its 10-year median of 8.21. The Hardware industry median FCF Margin % is 0.63. Ciena's value of 13.92% is 2109.5% above this industry median. Based on the distribution chart, Ciena ranks #271 out of 2471 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Ciena has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ciena's FCF Margin % compare to MSI and LITE?
According to the Hardware industry distribution chart, Ciena ranks #271 out of 2471 companies for FCF Margin %. This places Ciena in the top 11% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 0.63. Ciena's value of 13.92% is 2109.5% above this benchmark. While the company's 10-year median is 8.21 vs. the industry median of 0.63, Ciena has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Hardware company?
The median FCF Margin % among Hardware companies is 0.63, based on 2,471 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ciena's current FCF Margin % of 13.92% is 2109.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Ciena and its competitors. For the Hardware industry, the median FCF Margin % is 0.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ciena's current FCF Margin % is 13.92%, which is 70% above median its own 10-year median of 8.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ciena stock overvalued right now?
Based on GuruFocus' analysis, Ciena (HAM:CIE1) is currently considered Significantly Overvalued. The stock's GF Value™ is €82.97, compared to a current price of €412.40 — trading 397% above its estimated fair value. The current FCF Margin % is 13.92%, which is 70% above median its 10-year median of 8.21 and 2109.5% above the Hardware industry median of 0.63. Ciena's overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Ciena (HAM:CIE1), the current FCF Margin % is 13.92% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ciena (HAM:CIE1) Overvalued in 2026?
Based on GuruFocus' analysis, Ciena stock appears to be overvalued.
The current stock price of €412.40 is trading 397% above its estimated GF Value™ of €82.97.
GuruFocus considers Ciena to be Significantly Overvalued.
Key valuation signals for HAM:CIE1:
FCF Margin %: 13.92% (70% above median its 10-year median of 8.21)
GF Value™: €82.97 vs. price of €412.40 (397% above fair value)
Industry Position: 2109.5% above the Hardware median (#271 of 2471)
No single metric tells the full story. See the HAM:CIE1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ciena is a leader in high-speed optical connectivity, providing systems, components, and automation software for telecom providers and enterprises, such as data centers, to enable long-distance connectivity. The company operates through four primary business segments: networking platforms, platform software and services, Blue Planet automation software, and global services. While telecom carriers remain important customers, cloud providers and hyperscalers now drive a significant portion of the business. To meet the demands of AI data centers, customers are adopting Ciena's WaveLogic 6 platform, the first to support 1.6 terabits-per-second capacity.
72GF Score
Get the complete analysis for HAM:CIE1
FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAM:CIE1 has been successfully added to your 
