CIEN vs DOX vs XNET Stock Comparison

Ciena, Amdocs and Xunlei Prices as of Nov 5, 2026 Peers: Industry group
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CIEN Ciena Corp
$230.72 -48.0% 1M +17.8% 1Y
Market cap
$32.74B
P/E
50.1x
Revenue (TTM)
$6.02B
Div. yield
–
Networking Equipment Technology
4 wins
DOX Amdocs Ltd
$43.83 -25.1% 1M -47.8% 1Y
Market cap
$4.75B
P/E
9.7x
Revenue (TTM)
$4.70B
Div. yield
5.10%
Networking Equipment Technology
5 wins
XNET Xunlei Ltd
$3.18 -33.2% 1M -61.4% 1Y
Market cap
$199.88M
P/E
–
Revenue (TTM)
$424.54M
Div. yield
–
Content Delivery Networks Technology
1 win

Head to Head

10 decided of 12

Amdocs leads on 5 of the 12 questions below (Amdocs 5, Ciena 4, Xunlei 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCIENDOXXNETLeader
Larger companyMarket capitalisation $32.74B $4.75B $199.88M CIEN
Cheaper on earningsLower P/E, profitable companies only 50.1x 9.7x -2.8x DOX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 30.4x 5.3x — DOX
Faster revenue growthRevenue growth, trailing twelve months +32.6% +3.6% +40.4% XNET
More profitableNet margin, trailing twelve months 10.9% 10.7% -16.9% CIEN
Better return on capitalReturn on invested capital 12.4% 12.6% — DOX
Less leveragedLower net debt / EBITDA 0.7x — — –
Higher dividend yieldTrailing dividend yield — 5.10% — –
Better 1-year returnPrice return, last 12 months +17.8% -47.8% -61.4% CIEN
Better 5-year returnAnnualised price return, 5 years +30.7%/yr -10.4%/yr +2.0%/yr CIEN
Less volatileAnnualised volatility, 1 year 81.6% 46.7% 53.5% DOX
Higher overall scoreMean of the five percentile scores vs peers 55/100 66/100 65/100 DOX

Percentile Scorecard

CIENDOXXNET

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCIENDOXXNET
Valuation 23 #87 of 112 90 #12 of 112 –
Growth 94 #8 of 108 35 #71 of 108 46 #20 of 36
Profitability 82 #20 of 104 85 #16 of 104 64 #13 of 34
Financial Health 44 #65 of 116 31 #80 of 116 87 #6 of 38
Shareholder Returns 32 #57 of 83 90 #9 of 83 –
Overall 55 66 65
  • CIEN ranked among 121 companies in Computer Hardware
  • DOX ranked among 121 companies in Computer Hardware
  • XNET ranked among 39 companies in Cloud Computing

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCIENDOXXNETSPY
1 month -48.0%-25.1%-33.2% -5.9%
3 months -42.8%-25.9%-37.2% -4.6%
6 months -57.2%-32.7%-49.5% +0.2%
Year to date -1.3%-45.6%-55.1% +7.5%
1 year +17.8%-47.8%-61.4% +8.2%
3 years +433.8%-47.3%+103.8% +68.3%
3 years, per year +74.8%-19.2%+26.8% +19.0%
5 years +281.4%-42.1%+10.4% +56.5%
5 years, per year +30.7%-10.4%+2.0% +9.4%
10 years +1,098.5%-24.7%-28.9% +251.5%
10 years, per year +28.2%-2.8%-3.3% +13.4%

Risk

MeasureCIENDOXXNETSPY
Volatility, 1Y 81.6%46.7%53.5% 13.6%
Downside volatility, 1Y 89.5%60.7%58.9% 14.2%
Beta vs S&P 500, 1Y 2.85-0.131.78 1.00
Return / volatility, 1Y 0.22-1.02-1.15 0.60
Max drawdown, 5Y -63.2%-55.8%-70.5% -25.4%
From 52-week high -63.2%-48.7%-61.6% -5.9%
52-week high $627.00$85.49$8.28 $779.14
52-week low $176.45$43.66$3.18 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCIENDOXXNET
P/E now vs peer median 50.1xmedian 25.2x 9.7xmedian 25.2x -2.8xmedian 27.4x
P/S now vs peer median 5.4xmedian 2.4x 1.0xmedian 2.4x 0.5xmedian 3.3x
EV/EBITDA now vs peer median 37.1xmedian 16.2x —median 16.2x —median 21.2x
P/FCF now vs peer median 40.2xmedian 23.4x 3.4xmedian 23.4x —median 15.9x
P/B now vs peer median 10.7xmedian 2.3x 1.4xmedian 2.3x —median 2.6x
PEG now vs peer median 1.12median 0.98 179.38median 0.98 0.03median 1.22

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCIENDOXXNET
Revenue $6.02B $4.70B $424.54M
Gross profit $2.65B $1.79B $230.55M
Operating income $738.95M $682.94M $5.67M
Net income $654.41M $501.24M $146.48M
Free cash flow $814.36M $1.38B –
R&D $924.94M $335.46M $82.00M
EPS (diluted) $4.48 $4.57 $-1.13
Cash & equivalents $2.45B $197.05M $125.83M
Total debt $3.23B $946.99M $56.53M
Shares (diluted) 145.97M 109.66M 63.29M
Enterprise value $26.30B $3.93B -$684.36M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCIENDOXXNET
P/E 50.1x 9.7x -2.8x
P/FCF 40.2x 3.4x –
P/Operating cash flow 31.0x 4.0x –
P/S 5.4x 1.0x 0.5x
P/B 10.7x 1.4x –
P/Tangible book 11.4x 1.4x –
EV/EBITDA 37.1x – –
EV/EBIT 45.1x 8.1x -3.6x
EV/Revenue 5.5x 1.2x 0.0x
EV/FCF 40.9x 4.0x –
EV/Operating cash flow 31.6x 4.6x –
PEG (3Y EPS CAGR) 1.12 179.38 0.03

Growth

14 metrics
MetricCIENDOXXNET
Revenue growth (1Y) 32.6% 3.6% 40.4%
Revenue CAGR (3Y) 12.5% -1.3% 3.0%
Gross profit growth (1Y) 40.6% 4.0% 35.5%
Gross profit CAGR (3Y) 13.3% 1.2% 13.4%
Operating income growth (1Y) 200.1% -6.7% 126.5%
Operating income CAGR (3Y) 29.1% 1.5% -7.0%
Net income growth (1Y) 364.5% -11.7% -79.7%
Net income CAGR (3Y) 43.5% -2.6% 108.8%
EPS growth (1Y) 359.9% -11.2% -110.0%
EPS CAGR (3Y) 44.8% 0.1% -88.7%
Operating cash flow growth (1Y) 34.5% 60.4% –
Operating cash flow CAGR (3Y) 201.2% 13.5% –
Free cash flow growth (1Y) 34.5% 62.2% –
Free cash flow CAGR (3Y) 95.4% 13.5% –

Profitability

14 metrics
MetricCIENDOXXNET
Gross margin 44.1% 38.1% 54.3%
EBITDA margin 14.9% – –
Operating margin 12.3% 14.5% 1.3%
Pretax margin 12.1% 13.5% -20.6%
Net margin 10.9% 10.7% -16.9%
FCF margin 13.5% 29.5% –
Operating cash flow margin 17.5% 25.6% –
Return on equity 22.0% 15.0% –
Return on assets 9.3% 7.8% 11.3%
Return on invested capital 12.4% 12.6% –
Return on capital employed 13.1% 14.6% 0.5%
Asset turnover 0.9x 0.7x 0.3x
Cash conversion (OCF / net income) 1.6x 2.4x –
Stock comp / revenue 3.5% – –

Financial Health

11 metrics
MetricCIENDOXXNET
Debt / assets 40.4% 14.8% 4.8%
Debt / equity 1.1x 0.3x –
Net debt / EBITDA 0.7x – –
Debt / FCF 4.0x 0.7x –
Liabilities / assets 61.8% 47.9% 16.9%
Equity / assets 38.2% 52.1% –
Interest coverage 10.6x – 2.8x
Current ratio 3.8x 0.9x 2.0x
Quick ratio 2.8x 0.1x 1.9x
Cash ratio 1.9x 0.1x 1.7x
Altman Z-score 5.17 – 1.75

Shareholder Returns

7 metrics
MetricCIENDOXXNET
Dividend yield – 5.1% –
Net buyback yield -1.5% – –
Shareholder yield -1.5% 5.1% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCIENDOXXNET
Forward P/E 30.4xFY2026 5.3xFY2027 –
EPS, next fiscal year $7.60FY2026 $8.24FY2027 –
EPS growth, next FY +187.9%FY2026 +11.2%FY2027 –
EPS growth, the year after +64.7% +15.7% –
Revenue, next fiscal year $6.86BFY2026 $4.68BFY2027 –
Revenue growth, next FY +43.8%FY2026 -0.4%FY2027 –
Revenue growth, the year after +18.0% +9.9% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCIENDOXXNET
Held by institutions 93.0% 93.0% 2.2%
Institutions holding 1,224 448 52
Change in shares held, QoQ -1.7% +0.5% -8.7%
Institutions buying 733 250 35
Institutions selling 379 153 14
Buyers to sellers 1.93 1.63 2.50

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CIENDOXXNET
CIEN 1.00 -0.04 0.21
DOX -0.04 1.00 -0.01
XNET 0.21 -0.01 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CIEN, DOX and XNET?

Ciena (CIEN) is the largest by market capitalisation: Ciena (CIEN) $32.74B, Amdocs (DOX) $4.75B, Xunlei (XNET) $199.88M.

Which stock is cheaper, CIEN, DOX and XNET?

Amdocs (DOX) trades on the lowest price-to-earnings ratio (Ciena (CIEN) 50.1x, Amdocs (DOX) 9.7x, Xunlei (XNET) -2.8x). On next year's consensus earnings, Amdocs (DOX) is cheapest (Ciena (CIEN) 30.4x, Amdocs (DOX) 5.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Xunlei (XNET) grew revenue fastest over the trailing twelve months: Ciena (CIEN) +32.6%, Amdocs (DOX) +3.6%, Xunlei (XNET) +40.4%.

Which company is more profitable?

Ciena (CIEN) has the highest net margin (Ciena (CIEN) 10.9%, Amdocs (DOX) 10.7%, Xunlei (XNET) -16.9%). On return on invested capital, Amdocs (DOX) leads (Ciena (CIEN) 12.4%, Amdocs (DOX) 12.6%).

Which stock has performed better?

Over the past year Ciena (CIEN) returned the most: Ciena (CIEN) +17.8%, Amdocs (DOX) -47.8%, Xunlei (XNET) -61.4%. Over five years, Ciena (CIEN) compounded fastest (Ciena (CIEN) +30.7%/yr, Amdocs (DOX) -10.4%/yr, Xunlei (XNET) +2.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Amdocs (DOX) 5.10%. Ciena (CIEN) and Xunlei (XNET) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Amdocs (DOX) has been the steadiest (Ciena (CIEN) 81.6%, Amdocs (DOX) 46.7%, Xunlei (XNET) 53.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CIEN, DOX and XNET?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Amdocs (DOX) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.