CIENA CORP

CIEN

Quality scores

Data as of Sep 5, 2026

7 / 9

Strong

7/9 — SOLID fundamentals (high quality).

PassROA > 0 — ROA last year = 2.10 %
PassFCF > 0 — FCF last year = 665.29 mill.
PassFCF > net income (accrual quality) — FCF 665.29 vs. net income 123.34 (mill.)
PassRising ROA — ROA 2.10 % vs. prior year 1.49 %

PassLower long-term leverage — long-term debt/assets 0.26 vs. prior 0.27
FailRising current ratio (more liquidity) — Current ratio 2.73 vs. prior 3.54
PassNo dilution (shares do not grow) — Shares 141.02 mill. vs. prior 142.66 mill.

Z-Score (original)

10.39

Safe zone

Z''-Score (non-manufacturing)

5.15

Safe zone

Ratio	Value
X1 — Working capital / Total assets	0.38
X2 — Retained earnings / Total assets	-0.54
X3 — EBIT / Total assets	0.03
X4 — Market cap / Total liabilities	16.27
X4 — Book equity / Total liabilities	0.87
X5 — Sales / Total assets	0.81