Viavi Solutions [VIAV] vs Ciena [CIEN] Detailed Stock Comparison

Viavi Solutions Inc.

NASDAQ
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Ciena Corporation

NYSE
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TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: Viavi Solutions Inc. wins in 6 metrics, Ciena Corporation wins in 14 metrics, with 0 ties. Ciena Corporation appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Viavi Solutions Inc. Ciena Corporation Better
P/E Ratio (TTM) 350.50 332.81 Ciena Corporation
Price-to-Book Ratio 12.80 26.13 Viavi Solutions Inc.
Debt-to-Equity Ratio 159.39 56.93 Ciena Corporation
PEG Ratio -0.56 1.38 Ciena Corporation
EV/EBITDA 62.76 128.36 Viavi Solutions Inc.
Profit Margin (TTM) -3.38% 4.47% Ciena Corporation
Operating Margin (TTM) 8.10% 13.40% Ciena Corporation
EBITDA Margin (TTM) 8.10% 13.40% Ciena Corporation
Return on Equity -5.54% 8.20% Ciena Corporation
Return on Assets (TTM) 2.71% 4.58% Ciena Corporation
Free Cash Flow (TTM) $62.00M $665.29M Ciena Corporation
1-Year Return 482.35% 518.04% Ciena Corporation
Price-to-Sales Ratio (TTM) 8.59 14.23 Viavi Solutions Inc.
Enterprise Value $11.24B $73.23B Ciena Corporation
EV/Revenue Ratio 9.04 14.29 Viavi Solutions Inc.
Gross Profit Margin (TTM) 57.03% 43.83% Viavi Solutions Inc.
Revenue per Share (TTM) $6 $36 Ciena Corporation
Earnings per Share (Diluted) $-0.19 $1.55 Ciena Corporation
Beta (Stock Volatility) 0.86 1.02 Viavi Solutions Inc.
Short % of Float 9.07% 6.66% Ciena Corporation

Viavi Solutions Inc. vs Ciena Corporation Stock Performance Analysis

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VIAV
CIEN

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Viavi Solutions Inc.1.10%10.87%5.09%71.04%202.29%197.80%
Ciena Corporation3.91%-0.70%-16.42%27.35%114.36%88.33%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Viavi Solutions Inc.482.35%401.97%212.27%661.54%506.12%385.56%
Ciena Corporation518.04%906.50%694.27%2,059.71%2,565.75%1,446.39%

Performance & Financial Health Analysis: Viavi Solutions Inc. vs Ciena Corporation

MetricVIAVCIEN
Market Information
Market Cap i$11.05B$73.64B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i5,511,8742,506,790
90 Day Avg. Volume i6,069,8813,034,150
Last Close$54.05$463.41
52 Week Range$9.14 - $60.43$72.56 - $637.51
% from 52W High-10.56%-27.31%
All-Time High$698.17 (Mar 06, 2000)$1,057.00 (Oct 16, 2000)
% from All-Time High-92.26%-56.16%
Growth Metrics
Quarterly Revenue Growth0.36%0.33%
Quarterly Earnings Growth0.36%2.37%
Financial Health
Profit Margin (TTM) i-0.03%0.04%
Operating Margin (TTM) i0.08%0.13%
Return on Equity (TTM) i-0.06%0.08%
Debt to Equity (MRQ) i159.3956.93
Cash & Liquidity
Book Value per Share (MRQ)$3.61$19.74
Cash per Share (MRQ)$3.32$9.19
Operating Cash Flow (TTM) i$105.10M$930.01M
Levered Free Cash Flow (TTM) i$199.64M$699.30M
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/AN/A

Valuation & Enterprise Metrics Analysis: Viavi Solutions Inc. vs Ciena Corporation

MetricVIAV (Apr 26, 2026)CIEN (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i350.50332.81
Forward P/E i44.4961.04
PEG Ratio i-0.561.38
Price to Sales (TTM) i8.5914.23
Price to Book (MRQ) i12.8026.13
Market Capitalization
Market Capitalization i$11.05B$73.64B
Enterprise Value i$11.24B$73.23B
Enterprise Value Metrics
Enterprise to Revenue i9.0414.29
Enterprise to EBITDA i62.76128.36
Risk & Other Metrics
Beta i0.861.02
Book Value per Share (MRQ) i$3.61$19.74

Financial Statements Comparison: Viavi Solutions Inc. vs Ciena Corporation

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricVIAV (2025)CIEN (2025)
Revenue/Sales i1.08B4.77B
Cost of Goods Sold i463.20M2.76B
COGS % of Revenue i42.7%58.0%
Gross Profit i621.10M2.00B
Gross Margin i57.3%42.0%
Research & Development i208.70M848.33M
Operating Income (EBIT) i58.20M310.79M
Operating Margin i5.4%6.5%
EBITDA i131.30M506.15M
EBITDA Margin i12.1%10.6%
Pre-Tax Income i38.60M156.29M
Pre-Tax Income % of Revenue i3.6%3.3%
Income Tax i4.40M32.95M
Income Tax % of Revenue i0.4%0.7%
Net Income (Profit) i34.80M123.34M
Profit Margin i3.2%2.6%

Balance Sheet & Liquidity Metrics

MetricVIAV (2025)CIEN (2025)
Cash & Equivalents i423.60M1.09B
Total Current Assets i885.20M3.57B
Total Current Assets % of Revenue i81.6%74.8%
Total Current Liabilities i589.70M1.31B
Total Current Liabilities % of Revenue i54.4%27.4%
Long-Term Debt i435.90M1.60B
Long-Term Debt % of Revenue i40.2%33.4%
Total Shareholders Equity i780.20M2.73B
Retained Earnings i-69.63B-3.17B
Retained Earnings % of Revenue i-6,421.5%-66.5%
Property, Plant & Equipment i34.10M38.61M

Cash Flow Statement Comparison

MetricVIAV (2025)CIEN (2025)
Operating Cash Flow i96.90M647.02M
Operating Cash Flow % of Revenue i8.9%13.6%
Capital Expenditures iN/A-140.80M
Free Cash Flow i62.00M665.29M
FCF Margin i5.7%13.9%
Debt Repayment i0-35.14M
Common Stock Repurchase i-16.40M-425.82M

Short Interest & Institutional Ownership Analysis

MetricVIAVCIEN
Shares Short i14.76M5.98M
Short Ratio i2.281.72
Short % of Float i9.07%6.66%
Shares Outstanding i231.40M141.45M
Float Shares i228.19M140.60M
% Held by Insiders i1.39%0.58%
% Held by Institutions i100.62%99.24%
% Held by Public i-2.01%0.18%

Dividend Analysis & Yield Comparison: Viavi Solutions Inc. vs Ciena Corporation

MetricVIAVCIEN
Last 12-Month Dividend iN/AN/A
Last 12-Month Dividend Yield iN/AN/A
3-Year Avg Annual Dividend iN/AN/A
3-Year Avg Dividend Yield iN/AN/A
3-Year Total Dividends iN/AN/A
Ex-Dividend DateN/AN/A