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 ?8.7%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.017
Beta (levered) ?1.038
Terminal OM% ?40.1%
Segment conc. ?76% dominant
Terminal growth ?4.1%
Bond rating ?A · 1.20%
ROIC option ?Opt 4 · 23.6%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

CIEN · Ciena Corporation

$447.762026-05-17
Sector: Technology; Industry: Communication Equipment; Sub-Industry: Communications Equipment

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$379
-15.3% vs market
Base · active
$288
-35.6% vs market
Bear
$205
-54.2% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $205
Base $288
Median $303
Bull $379
Market $448
Market Price $448
Mulya.ai Base $288
Analysts Median $303
Mulya.ai IV range ($205 · $379)
Analysts Range ($185 · $375)
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
2022.Q1$3.6B28.0%0.0%$1.1B−$305MM$800MM6.2%32.4%$3.4B$3.43
2023.Q1$3.6B0.3%13.6%19.9%$397MM−$1.2B−$846MM8.3%10.0%$4.6B$1.05
2024.Q1$4.4B20.8%16.9%22.4%$575MM−$129MM$446MM8.1%12.4%$4.7B$1.75
2025.Q1$4.0B-8.5%9.2%32.5%$248MM−$357MM−$108MM9.3%5.2%$4.8B$0.58
2026.Q1$5.1B27.6%15.8%14.8%$688MM−$455MM$233MM8.9%13.9%$5.1B$1.5780.8
italics below = DCF projection · 10yr Rev CAGR: 9.1%
2027.Q1$6.5B+26.7%12.7%15.3%$699MM−$359MM$340MM8.7%$313MM13.2%$5.5B$2.49179.8
2028.Q1$7.8B+20.5%12.3%15.8%$813MM−$380MM$433MM8.7%$367MM14.3%$5.9B$2.90154.4
2029.Q1$8.6B+10.1%12.3%16.4%$889MM−$246MM$643MM8.7%$501MM14.8%$6.1B$3.17141.2
2030.Q1$9.2B+6.8%12.3%16.9%$944MM−$203MM$741MM8.6%$532MM15.2%$6.3B$3.36133.3
2031.Q1$9.7B+5.6%12.3%17.4%$990MM−$199MM$792MM8.6%$523MM15.4%$6.5B$3.53126.8
Term. Yr+$12.7B4.1%40.1%20.0%$4.1B−$708MM$3.4B8.6%$32.7B23.6%
Active scenario IV: $288 (-35.6% vs market)