How Does Ciena Compare to Its Peers?



Ciena and its peers

In this article, we’ll compare Ciena (CIEN) with its peers.

  • The PS (price-to-sales) ratios of Ciena, Juniper Networks (JNPR), Alcatel-Lucent (ALU), and Infinera (INFN) are 1.2x, 2.4x, 0.72x, and 3.5x, respectively, as of December 10, 2015.

  • The PBV (price-to-book value) ratios of Ciena, Juniper Networks, Alcatel-Lucent, and Infinera are 13.4x, 2.5x, 5.5x, and 3.7x, respectively.

According to the above findings, Ciena’s peers have mostly outperformed it based on PS. However, Ciena is far ahead of its peers based on PBV.

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ETFs that invest in Ciena 

The iShares North American Technology-Multimedia Networking ETF (IGN) invests 4.6% of its holdings in Ciena.

The iShares Morningstar Small-Cap ETF (JKJ) invests 0.63% of its holdings in Ciena. The ETF tracks a market-cap–weighted index of US small-cap (small capitalization) core stocks. The index selects stocks from 90–97% of market capitalization that fall into Morningstar’s core style categorization.

The iShares S&P Mid-Cap 400 Value ETF (IJJ) invests 0.43% of its holdings in Ciena. The ETF tracks an index of primarily mid-cap US stocks, using three factors to select value stocks from the 400 stocks chosen by the S&P Committee.

Ciena compared to its ETFs

Now let’s compare Ciena with the ETFs that invest in it:

  • The year-to-date price movements of Ciena, IGN, JKJ, and IJJ are 3.3%, 0.96%, -5.0%, and -6.0%, respectively.
  • The PBV ratios of Ciena, IGN, JKJ, and IJJ are 13.4x, 3.1x, 2.3x, and 1.7x, respectively.

Thus, Ciena has outperformed its ETFs based on price movement and PBV.


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