Zacks Research Issues Negative Estimate for Ciena Earnings

Ciena Co. (NYSE:CIEN) – Investment analysts at Zacks Research decreased their Q2 2025 earnings per share estimates for shares of Ciena in a report issued on Tuesday, April 1st. Zacks Research analyst R. Department now forecasts that the communications equipment provider will post earnings per share of $0.23 for the quarter, down from their previous estimate of $0.33. The consensus estimate for Ciena’s current full-year earnings is $1.60 per share. Zacks Research also issued estimates for Ciena’s Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $1.46 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.64 EPS, Q4 2026 earnings at $0.68 EPS, FY2026 earnings at $2.14 EPS and FY2027 earnings at $3.05 EPS.

Several other equities analysts have also recently commented on CIEN. Needham & Company LLC dropped their target price on shares of Ciena from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. upgraded Ciena from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $84.00 to $88.00 in a report on Tuesday, January 28th. Morgan Stanley reduced their price objective on Ciena from $80.00 to $76.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 12th. Bank of America upgraded Ciena from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $70.00 to $95.00 in a research note on Friday, December 13th. Finally, Northland Capmk upgraded shares of Ciena from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Ciena currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.38.

Ciena Stock Down 4.7 %

CIEN opened at $53.53 on Thursday. Ciena has a fifty-two week low of $43.30 and a fifty-two week high of $101.44. The firm has a market capitalization of $7.61 billion, a P/E ratio of 93.91, a PEG ratio of 1.54 and a beta of 1.15. The company’s 50-day moving average is $75.40 and its 200 day moving average is $74.08. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.55 and a quick ratio of 2.72.

Hedge Funds Weigh In On Ciena

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Ciena by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 15,316,640 shares of the communications equipment provider’s stock valued at $1,299,004,000 after purchasing an additional 139,941 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Ciena by 0.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,236,920 shares of the communications equipment provider’s stock valued at $444,143,000 after buying an additional 17,447 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Ciena by 195.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,626,153 shares of the communications equipment provider’s stock worth $392,345,000 after acquiring an additional 3,062,883 shares during the last quarter. State Street Corp raised its holdings in shares of Ciena by 1.2% in the 3rd quarter. State Street Corp now owns 4,439,478 shares of the communications equipment provider’s stock valued at $273,427,000 after acquiring an additional 53,078 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Ciena by 1.6% during the 4th quarter. Bank of America Corp DE now owns 3,227,020 shares of the communications equipment provider’s stock valued at $273,684,000 after acquiring an additional 49,996 shares during the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.

Insider Activity

In other news, SVP Jason Phipps sold 18,888 shares of Ciena stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $59.88, for a total value of $1,131,013.44. Following the completion of the transaction, the senior vice president now directly owns 89,258 shares in the company, valued at approximately $5,344,769.04. The trade was a 17.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brodie Gage sold 350 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $85.91, for a total value of $30,068.50. Following the sale, the senior vice president now directly owns 49,547 shares in the company, valued at $4,256,582.77. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,200 shares of company stock valued at $4,921,513 over the last quarter. Company insiders own 0.93% of the company’s stock.

About Ciena

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.