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Ciena Corporation DCF Stock Analysis.

Here’s my assumptions:

Risk Free Rate (10 Years Interest Rate Swap): 3.85%

Risk Premium (Taken from the Aswath Damodaran equity premium spreadsheet): 4.33%

Interest Rate Spread on The Risk free rate ( For the cost of debt calculation): 3%

Last 24 Months Beta: 1.75

Historical Data

Revenue growth in the last 10 years (CAGR): 5.08%

Earnings growth in the last 10 years (CAGR): 21.79%

Unlevered Free Cash Flow growth in the last 10 years (CAGR): 4.84%

Future Assumptions

End of Year FCF growth: 5%

Growth until end of 2026: 8%

Growth until end of 2034: 4%

Perpetual growth: 3%

Net Debt: 0.197B

Outstanding Stock Options Present Value Assumption: $0.0001B

Restricted Stock Units Present Value Assumption: $0.953B

Stock Valuation based on these assumptions: $103

Last update 10/12/2025

All the content in this newsletter should be taken as informational content only. THIS IS NOT FINANCIAL ADVICE! Do your own Due Diligence before investing or contact a professional financial advisor.

I don’t have a position in Ciena Corporation (CIEN) and I don’t plan to add a position in the coming days.