Ciena (NYSE:CIEN) Rating Increased to Strong-Buy at Northland Capmk

Northland Capmk upgraded shares of Ciena (NYSE:CIEN - Free Report) from a hold rating to a strong-buy rating in a report issued on Wednesday, MarketBeat reports. Northland Capmk also issued estimates for Ciena's Q4 2025 earnings at $0.53 EPS.

A number of other equities research analysts have also recently issued reports on CIEN. Barclays set a $100.00 target price on Ciena and gave the stock an "overweight" rating in a research report on Wednesday, March 12th. Citigroup upped their target price on Ciena from $84.00 to $98.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Rosenblatt Securities decreased their target price on Ciena from $94.00 to $79.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Northland Securities raised Ciena from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $60.00 to $75.00 in a research report on Wednesday, March 12th. Finally, 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 report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $81.38.

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Ciena Stock Down 2.1 %

Shares of NYSE CIEN traded down $1.40 during trading hours on Wednesday, hitting $64.28. The stock had a trading volume of 1,672,445 shares, compared to its average volume of 1,904,542. The company has a market capitalization of $9.14 billion, a P/E ratio of 112.77, a P/E/G ratio of 1.54 and a beta of 0.91. The firm's 50-day moving average price is $81.92 and its two-hundred day moving average price is $73.48. Ciena has a 52 week low of $43.30 and a 52 week high of $101.44. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.72 and a current ratio of 3.55.

Insider Transactions at Ciena

In related news, SVP Dino Diperna sold 2,682 shares of the firm's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $87.64, for a total value of $235,050.48. Following the transaction, the senior vice president now owns 50,607 shares in the company, valued at $4,435,197.48. This trade represents a 5.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jason Phipps sold 5,648 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $84.64, for a total value of $478,046.72. Following the completion of the transaction, the senior vice president now owns 109,878 shares in the company, valued at approximately $9,300,073.92. This represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,942 shares of company stock worth $5,025,949. Insiders own 0.93% of the company's stock.

Hedge Funds Weigh In On Ciena

Hedge funds have recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Ciena by 108.6% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 290 shares of the communications equipment provider's stock worth $25,000 after buying an additional 151 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Ciena by 925.0% during the fourth quarter. Versant Capital Management Inc now owns 328 shares of the communications equipment provider's stock worth $28,000 after buying an additional 296 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Ciena by 328.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the communications equipment provider's stock worth $30,000 after buying an additional 279 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Ciena by 73.7% during the fourth quarter. Bessemer Group Inc. now owns 356 shares of the communications equipment provider's stock worth $30,000 after buying an additional 151 shares during the last quarter. Finally, Atlas Capital Advisors Inc. boosted its holdings in Ciena by 77.2% during the fourth quarter. Atlas Capital Advisors Inc. now owns 420 shares of the communications equipment provider's stock worth $36,000 after buying an additional 183 shares during the last quarter. Institutional investors own 91.99% of the company's stock.

Ciena Company Profile

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.