Ciena [CIEN] vs Lumentum Holdings [LITE] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: Ciena Corporation wins in 15 metrics, Lumentum Holdings Inc. wins in 5 metrics, with 0 ties. Ciena Corporation appears stronger overall.

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Vital Metrics Comparison

Metric Ciena Corporation Lumentum Holdings Inc. Better
P/E Ratio (TTM) 332.81 244.00 Lumentum Holdings Inc.
Price-to-Book Ratio 26.13 70.58 Ciena Corporation
Debt-to-Equity Ratio 56.93 392.48 Ciena Corporation
PEG Ratio 1.38 -1.08 Ciena Corporation
EV/EBITDA 128.36 231.32 Ciena Corporation
Profit Margin (TTM) 4.47% 11.95% Lumentum Holdings Inc.
Operating Margin (TTM) 13.40% 10.73% Ciena Corporation
EBITDA Margin (TTM) 13.40% 10.73% Ciena Corporation
Return on Equity 8.20% 29.28% Lumentum Holdings Inc.
Return on Assets (TTM) 4.58% 0.29% Ciena Corporation
Free Cash Flow (TTM) $665.29M $-104.70M Ciena Corporation
1-Year Return 518.04% 1,017.58% Lumentum Holdings Inc.
Price-to-Sales Ratio (TTM) 14.23 28.39 Ciena Corporation
Enterprise Value $73.23B $61.92B Ciena Corporation
EV/Revenue Ratio 14.29 29.42 Ciena Corporation
Gross Profit Margin (TTM) 43.83% 36.08% Ciena Corporation
Revenue per Share (TTM) $36 $30 Ciena Corporation
Earnings per Share (Diluted) $1.55 $3.43 Lumentum Holdings Inc.
Beta (Stock Volatility) 1.02 1.39 Ciena Corporation
Short % of Float 6.66% 17.96% Ciena Corporation

Ciena Corporation vs Lumentum Holdings Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Ciena Corporation3.91%-0.70%-16.42%27.35%114.36%88.33%
Lumentum Holdings Inc.3.87%6.91%-1.39%53.20%186.01%147.92%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Ciena Corporation518.04%906.50%694.27%2,059.71%2,565.75%1,446.39%
Lumentum Holdings Inc.1,017.58%1,494.39%1,051.66%3,590.67%5,320.94%5,320.94%

Performance & Financial Health Analysis: Ciena Corporation vs Lumentum Holdings Inc.

MetricCIENLITE
Market Information
Market Cap i$73.64B$60.47B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i2,506,7905,865,729
90 Day Avg. Volume i3,034,1506,776,500
Last Close$463.41$957.24
52 Week Range$72.56 - $637.51$83.42 - $1,085.68
% from 52W High-27.31%-11.83%
All-Time High$1,057.00 (Oct 16, 2000)$1,085.68 (May 12, 2026)
% from All-Time High-56.16%-11.83%
Growth Metrics
Quarterly Revenue Growth0.33%0.66%
Quarterly Earnings Growth2.37%0.65%
Financial Health
Profit Margin (TTM) i0.04%0.12%
Operating Margin (TTM) i0.13%0.11%
Return on Equity (TTM) i0.08%0.29%
Debt to Equity (MRQ) i56.93392.48
Cash & Liquidity
Book Value per Share (MRQ)$19.74$11.86
Cash per Share (MRQ)$9.19$16.18
Operating Cash Flow (TTM) i$930.01M$247.00M
Levered Free Cash Flow (TTM) i$699.30M$-21,325,000
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/AN/A

Valuation & Enterprise Metrics Analysis: Ciena Corporation vs Lumentum Holdings Inc.

MetricCIEN (Apr 26, 2026)LITE (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i332.81244.00
Forward P/E i61.0451.16
PEG Ratio i1.38-1.08
Price to Sales (TTM) i14.2328.39
Price to Book (MRQ) i26.1370.58
Market Capitalization
Market Capitalization i$73.64B$60.47B
Enterprise Value i$73.23B$61.92B
Enterprise Value Metrics
Enterprise to Revenue i14.2929.42
Enterprise to EBITDA i128.36231.32
Risk & Other Metrics
Beta i1.021.39
Book Value per Share (MRQ) i$19.74$11.86

Financial Statements Comparison: Ciena Corporation vs Lumentum Holdings Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricCIEN (2025)LITE (2025)
Revenue/Sales i4.77B1.65B
Cost of Goods Sold i2.76B1.19B
COGS % of Revenue i58.0%72.0%
Gross Profit i2.00B459.90M
Gross Margin i42.0%28.0%
Research & Development i848.33M303.90M
Operating Income (EBIT) i310.79M-192.20M
Operating Margin i6.5%-11.7%
EBITDA i506.15M98.90M
EBITDA Margin i10.6%6.0%
Pre-Tax Income i156.29M-172.10M
Pre-Tax Income % of Revenue i3.3%-10.5%
Income Tax i32.95M-198.00M
Income Tax % of Revenue i0.7%-12.0%
Net Income (Profit) i123.34M25.90M
Profit Margin i2.6%1.6%

Balance Sheet & Liquidity Metrics

MetricCIEN (2025)LITE (2025)
Cash & Equivalents i1.09B520.70M
Total Current Assets i3.57B1.72B
Total Current Assets % of Revenue i74.8%104.4%
Total Current Liabilities i1.31B392.80M
Total Current Liabilities % of Revenue i27.4%23.9%
Long-Term Debt i1.60B2.59B
Long-Term Debt % of Revenue i33.4%157.2%
Total Shareholders Equity i2.73B1.13B
Retained Earnings i-3.17B-861.20M
Retained Earnings % of Revenue i-66.5%-52.4%
Property, Plant & Equipment i38.61M54.40M

Cash Flow Statement Comparison

MetricCIEN (2025)LITE (2025)
Operating Cash Flow i647.02M179.70M
Operating Cash Flow % of Revenue i13.6%10.9%
Capital Expenditures i-140.80M-182.90M
Free Cash Flow i665.29M-104.70M
FCF Margin i13.9%-6.4%
Debt Repayment i-35.14M-8.10M
Common Stock Repurchase i-425.82M0

Short Interest & Institutional Ownership Analysis

MetricCIENLITE
Shares Short i5.98M11.47M
Short Ratio i1.721.55
Short % of Float i6.66%17.96%
Shares Outstanding i141.45M71.40M
Float Shares i140.60M70.81M
% Held by Insiders i0.58%0.61%
% Held by Institutions i99.24%113.51%
% Held by Public i0.18%-14.12%

Dividend Analysis & Yield Comparison: Ciena Corporation vs Lumentum Holdings Inc.

MetricCIENLITE
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