Mulya.ai
Ticker
CIEN
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?Analyst
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?9.7%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.244
Beta (levered) ?1.270
Terminal OM% ?28.3%
Segment conc. ?76% dominant
Terminal growth ?4.1%
Bond rating ?AA · 0.90%
ROIC option ?Opt 4 · 23.6%
Prob of failure ?0.0%
Pipeline validated · 2026-07-21

CIEN · Ciena Corporation

$479.502026-07-21
Sector: Technology; Industry: Communication Equipment; Sub-Industry: Communications Equipment

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$331
-31.0% vs market
Base · active
$331
-31.0% vs market
Bear
$99
-79.3% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $99
Base $331
Bull $331
Market $480
Median $499
Market Price $480
Mulya.ai Base $331
Analysts Median $499
Mulya.ai IV range ($99 · $331)
Analysts Range ($330 · $650)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2024.Q2$4.4B11.9%17.1%$433MM−$131MM$302MM9.4%8.1%$5.4B$1.74
2025.Q1$4.0B-8.5%6.5%32.5%$175MM−$248MM−$73MM9.3%3.3%$5.3B$0.57
2025.Q2$4.0B0.0%6.5%31.0%$179MM−$185MM−$6MM10.0%3.4%$5.3B$0.57
2026.Q1$4.8B18.8%8.8%14.8%$359MM−$300MM$59MM8.9%6.7%$5.5B$0.84
2026.Q2$5.6B16.8%15.2%8.8%$770MM−$344MM$426MM9.8%13.8%$5.7B$3.0083.1
italics below = DCF projection · 10yr Rev CAGR: 14.4%
2027.Q2$7.4B+32.6%8.9%10.0%$595MM−$334MM$262MM9.6%$239MM10.2%$6.0B$3.00159.8
2028.Q2$9.3B+26.3%9.4%11.1%$776MM−$392MM$385MM9.5%$321MM12.5%$6.4B$3.91122.6
2029.Q2$12.1B+30.1%9.4%12.2%$998MM−$626MM$371MM9.4%$283MM14.8%$7.0B$5.0395.3
2030.Q2$14.1B+15.9%9.4%13.3%$1.1B−$482MM$659MM9.3%$459MM15.7%$7.5B$5.7583.4
2031.Q2$15.6B+10.5%9.4%14.4%$1.2B−$421MM$824MM9.2%$526MM16.1%$7.9B$6.2876.4
Term. Yr+$22.4B4.1%28.3%20.0%$5.1B−$878MM$4.2B8.6%$38.7B23.6%
Active scenario IV: $331 (-31.0% vs market)