Ciena Corp

NYSE CIEN

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Ciena Corp Price to Book Ratio (P/B) on June 03, 2024: 2.37

Ciena Corp Price to Book Ratio (P/B) is 2.37 on June 03, 2024, a -2.99% change year over year. The price to book ratio compares the market price per share of a company's stock to its book value per share. It is calculated by dividing the market capitalization by the shareholders' equity minus treasury stock, divided by the number of outstanding shares. This ratio provides insights into how the market values a company relative to its book value. A ratio above 1 indicates the market values the company more than its book value, suggesting positive market sentiment.

Ciena Corp 52-week high Price to Book Ratio (P/B) is 3.11 on March 06, 2024, which is 31.11% above the current Price to Book Ratio (P/B).
Ciena Corp 52-week low Price to Book Ratio (P/B) is 2.05 on August 16, 2023, which is -13.40% below the current Price to Book Ratio (P/B).
Ciena Corp average Price to Book Ratio (P/B) for the last 52 weeks is 2.37.

NYSE: CIEN

Ciena Corp

CEO	Dr. Patrick H. Nettles
IPO Date	Feb. 7, 1997
Location	United States
Headquarters	7035 Ridge Road, Hanover, MD, United States, 21076
Employees	8,313
Sector	Technology
Industry	Communication equipment

Description

Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as 8100 coherent routing platforms; 3000 family of service delivery switches and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, multi-cloud orchestration, and unified assurance and analytics services. Its Platform Software and Service segment offers MCP domain controller solution, and OneControl unified management system, as well as planning tools. The company's Global Services segment provides maintenance support and training, installation and deployment, and consulting and network design services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.

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