• Ciena average return on tangible equity for 2024 was 6.72, a 30.36% decline from 2023.
• Ciena average return on tangible equity for 2023 was 9.65, a 25.54% decline from 2022.
• Ciena average return on tangible equity for 2022 was 12.96, a 31.14% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.