Ciena
Ciena returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q3 | Aug 1, 2026 | 18.74% | 13.15% | 86.47% | 22.4% | 9.52% | 11 pp |
| FY 2026 Q2 | May 2, 2026 | 13.82% | 10.95% | 2,919.22% | 15.46% | 7.49% | 6.1 pp |
| FY 2026 Q1 | Jan 31, 2026 | 7.83% | 6.62% | — | 8.2% | 4% | 0.1 pp |
| FY 2025 Q4 | Nov 1, 2025 | 4.72% | 4.3% | — | 4.45% | 2.14% | -3 pp |
| FY 2025 Q3 | Aug 2, 2025 | 5.04% | 5.28% | — | 4.96% | 2.49% | -2.7 pp |
| FY 2025 Q2 | May 3, 2025 | 4.1% | 4.28% | -251.01% | 3.71% | 1.86% | -3.6 pp |
| FY 2025 Q1 | Feb 1, 2025 | 3.29% | 3.47% | -67.53% | 2.76% | 1.41% | -4.4 pp |
| FY 2024 Q4 | Nov 2, 2024 | 3.42% | 3.58% | -496.37% | 2.96% | 1.49% | -4.3 pp |
| FY 2024 Q3 | Jul 27, 2024 | 5.55% | 4.2% | -26.55% | 4.73% | 2.45% | -2.1 pp |
| FY 2024 Q2 | Apr 27, 2024 | 6.08% | 5.31% | -42.1% | 5.31% | 2.7% | -1.6 pp |
| FY 2024 Q1 | Jan 27, 2024 | 8.45% | 7.59% | — | 7.92% | 4.05% | 0.8 pp |
| FY 2023 Q4 | Oct 28, 2023 | 9.11% | 8.22% | 15.64% | 9.16% | 4.78% | 1.4 pp |
| FY 2023 Q3 | Jul 29, 2023 | — | 7.86% | — | 7.88% | 4.17% | — |
| FY 2023 Q2 | Apr 29, 2023 | — | 6.64% | — | 7.1% | 3.76% | — |
| FY 2023 Q1 | Jan 28, 2023 | — | 5.64% | — | 6.49% | 3.47% | — |
| FY 2022 Q4 | Oct 29, 2022 | 7.38% | 5.58% | — | 5.33% | 3.08% | -0.3 pp |
| FY 2022 Q3 | Jul 30, 2022 | — | 7.24% | — | 7.11% | 4.16% | — |
| FY 2022 Q2 | Apr 30, 2022 | — | 10.5% | — | 15.58% | 9.12% | — |
| FY 2022 Q1 | Jan 29, 2022 | — | 12.55% | — | 18.17% | 10.8% | — |
| FY 2021 Q4 | Oct 30, 2021 | — | 13.43% | — | 18.09% | 11.06% | — |
| FY 2021 Q3 | Jul 31, 2021 | — | 12.6% | — | 17.25% | 10.6% | — |
| FY 2021 Q2 | May 1, 2021 | — | 14.55% | — | 14.83% | 8.87% | — |
| FY 2021 Q1 | Jan 30, 2021 | — | 14.69% | — | 14.82% | 8.84% | — |
| FY 2020 Q4 | Oct 31, 2020 | — | 15.06% | — | 15.43% | 8.95% | — |
| FY 2020 Q3 | Aug 1, 2020 | — | — | — | — | — | — |
| FY 2020 Q2 | May 2, 2020 | — | — | — | — | — | — |
| FY 2020 Q1 | Jan 31, 2020 | — | 12.53% | — | 13.28% | 7.58% | — |
| FY 2019 Q4 | Oct 31, 2019 | — | 11.87% | — | 12.36% | 6.63% | — |
| FY 2019 Q3 | Jul 31, 2019 | — | 12.62% | — | 12.16% | 6.41% | — |
| FY 2019 Q2 | Apr 30, 2019 | — | 11.39% | — | 10.57% | 5.59% | — |
| FY 2019 Q1 | Jan 31, 2019 | — | 9.58% | — | 8.52% | 4.58% | — |
| FY 2018 Q4 | Oct 31, 2018 | — | 8.06% | — | -16.96% | -8.94% | — |
| FY 2018 Q3 | Jul 31, 2018 | — | 8.2% | — | 55.18% | 23.63% | — |
| FY 2018 Q2 | Apr 30, 2018 | — | 8.32% | — | 58.72% | 24.21% | — |
| FY 2018 Q1 | Jan 31, 2018 | — | 9.32% | — | 61.43% | 24.8% | — |
| FY 2017 Q4 | Oct 31, 2017 | — | 8.76% | — | 86.95% | 36.93% | — |
| FY 2017 Q3 | Jul 31, 2017 | — | 10.88% | — | 16.63% | 4.79% | — |
| FY 2017 Q2 | Apr 30, 2017 | — | 8.96% | — | 14.78% | 3.89% | — |
| FY 2017 Q1 | Jan 31, 2017 | — | 8.1% | — | 12.34% | 3.23% | — |
| FY 2016 Q4 | Oct 31, 2016 | — | 7.77% | — | 10.46% | 2.6% | — |
| FY 2016 Q3 | Jul 31, 2016 | — | 6.03% | — | 4.93% | 0.85% | — |
| FY 2016 Q2 | Apr 30, 2016 | — | 4.83% | — | 3.03% | 0.48% | — |
| FY 2016 Q1 | Jan 31, 2016 | — | 6.49% | — | 7.02% | 0.81% | — |
| FY 2015 Q4 | Oct 31, 2015 | — | 6.05% | — | 4.23% | 0.49% | — |
| FY 2015 Q3 | Jul 31, 2015 | — | 6.23% | — | -7.84% | -0.24% | — |
| FY 2015 Q2 | Apr 30, 2015 | — | 6.49% | — | -43.82% | -0.65% | — |
| FY 2015 Q1 | Jan 31, 2015 | — | 3.78% | — | — | -2.25% | — |
| FY 2014 Q4 | Oct 31, 2014 | — | 3.69% | — | — | -2.1% | — |
| FY 2014 Q3 | Jul 31, 2014 | — | 3.8% | — | — | -1.03% | — |
| FY 2014 Q2 | Apr 30, 2014 | — | 2.29% | — | — | -2.13% | — |
| FY 2014 Q1 | Jan 31, 2014 | — | 0.61% | — | — | -2.93% | — |
| FY 2013 Q4 | Oct 31, 2013 | — | -0.15% | — | — | -4.64% | — |
| FY 2013 Q3 | Jul 31, 2013 | — | -1.94% | — | — | -6.28% | — |
| FY 2013 Q2 | Apr 30, 2013 | — | -4.08% | — | — | -7.9% | — |
| FY 2013 Q1 | Jan 31, 2013 | — | -4.09% | — | — | -7.56% | — |
| FY 2012 Q4 | Oct 31, 2012 | — | -5.93% | — | — | -7.52% | — |
| FY 2012 Q3 | Jul 31, 2012 | — | -5.44% | — | — | -6.62% | — |
| FY 2012 Q2 | Apr 30, 2012 | — | -5.12% | — | -2,992.4% | -6.57% | — |
| FY 2012 Q1 | Jan 31, 2012 | — | -7.91% | — | -443.42% | -8.27% | — |
| FY 2011 Q4 | Oct 31, 2011 | — | -10.37% | — | -225.82% | -9.61% | — |
| FY 2011 Q3 | Jul 31, 2011 | — | -15.38% | — | -197.39% | -13.52% | — |
| FY 2011 Q2 | Apr 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q1 | Jan 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Oct 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Jul 31, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CIEN, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.