Is it safe?
Can CIEN take a bad year?
Ciena carries $328M of net debt at 0.56× EBITDA: a load its earnings can carry.
$328M
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.56×
Net debt / EBITDA · 1.09× a year ago · the load is coming down
- Altman Z-score
- 13.20
Altman Z-score · safe zone, above 3
- Interest cover
- 5.88×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ2 2026
- $1.53B
- Cash and short-term investments
- $1.20B
- Net debt
- $328M
- EBITDA, trailing twelve months
- $581M
- Operating profit, trailing twelve months
- $511M
- Debt / equity
- 0.53×
- Total debt / EBITDA
- 2.63×
- Annualised volatilitytwo years of daily moves
- 64%
- Worst drawdown on file
- −50%
- Below its 52-week high
- −36%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Communication Equipment
Ranks #17 of 21 by Smart Score