Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Ciena's operating assets for the quarter that ended in Apr. 2026 was €4,135 Mil. Ciena's operating liabilities for the quarter that ended in Apr. 2026 was €1,339 Mil. Ciena's Total Assets for the quarter that ended in Jan. 2026 was €5,014 Mil. Therefore, Ciena's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.56.
Ciena Scaled Net Operating Assets Related Terms
Ciena Scaled Net Operating Assets Historical Data
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The historical data trend for Ciena's Scaled Net Operating Assets 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.
MIL:1CIEN vs MSI, LITE, HPE: Scaled Net Operating Assets Comparison
For the Communication Equipment subindustry, Ciena's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Hardware Industry
For the Hardware industry and Technology sector, Ciena's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Ciena's Scaled Net Operating Assets 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.
What does a Scaled Net Operating Assets of 0.56 mean?
Ciena (MIL:1CIEN) has a Scaled Net Operating Assets of 0.56 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ciena and its competitors.
Is Ciena's Scaled Net Operating Assets too high?
Ciena's current Scaled Net Operating Assets is 0.56. Overall, Ciena has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ciena's Scaled Net Operating Assets compare to MSI and LITE?
Ciena's Scaled Net Operating Assets of 0.56 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Hardware company?
A good Scaled Net Operating Assets depends on the Hardware industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ciena and its competitors. Ciena's current Scaled Net Operating Assets is 0.56. 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 (MIL:1CIEN) is currently considered Significantly Overvalued. The stock's GF Value™ is €80.24, compared to a current price of €385.20 — trading 380.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.56. Ciena's overall GF Score™ is 53/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Ciena (MIL:1CIEN), the current Scaled Net Operating Assets is 0.56 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 (MIL:1CIEN) Overvalued in 2026?
Based on GuruFocus' analysis, Ciena stock appears to be overvalued.
The current stock price of €385.20 is trading 380.1% above its estimated GF Value™ of €80.24.
GuruFocus considers Ciena to be Significantly Overvalued.
Key valuation signals for MIL:1CIEN:
Scaled Net Operating Assets: 0.56
GF Value™: €80.24 vs. price of €385.20 (380.1% above fair value)
No single metric tells the full story. See the MIL:1CIEN 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.
53GF Score
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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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