Zacks Research Equities Analysts Reduce Earnings Estimates for Ciena Co. (NYSE:CIEN)

Ciena Co. (NYSE:CIEN - Free Report) - Stock analysts at Zacks Research lowered their Q1 2025 earnings per share (EPS) estimates for shares of Ciena in a research note issued to investors on Wednesday, September 25th. Zacks Research analyst R. Department now forecasts that the communications equipment provider will post earnings per share of $0.21 for the quarter, down from their previous estimate of $0.27. The consensus estimate for Ciena's current full-year earnings is $1.15 per share. Zacks Research also issued estimates for Ciena's Q2 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.43 EPS and Q1 2026 earnings at $0.38 EPS.

A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. cut their target price on Ciena from $67.00 to $60.00 and set an "overweight" rating on the stock in a research report on Thursday, May 30th. Barclays boosted their price objective on Ciena from $55.00 to $67.00 and gave the stock an "overweight" rating in a report on Thursday, September 5th. Citigroup upgraded shares of Ciena from a "sell" rating to a "buy" rating and raised their target price for the stock from $44.00 to $68.00 in a report on Monday. Raymond James lowered shares of Ciena from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $59.00 to $54.00 in a report on Thursday, June 6th. Finally, Morgan Stanley raised their price objective on shares of Ciena from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.00.

Ciena Price Performance

Shares of NYSE CIEN traded down $0.65 during trading on Friday, hitting $61.81. The company had a trading volume of 1,887,640 shares, compared to its average volume of 1,786,381. Ciena has a 52 week low of $39.94 and a 52 week high of $63.24. The business's 50-day moving average is $53.81 and its 200 day moving average is $50.03. The company has a market cap of $8.93 billion, a P/E ratio of 59.43, a PEG ratio of 7.93 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.99 and a current ratio of 4.06.

Ciena (NYSE:CIEN - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The communications equipment provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.26 by $0.09. Ciena had a net margin of 3.44% and a return on equity of 5.98%. The firm had revenue of $942.30 million for the quarter, compared to analysts' expectations of $928.31 million. During the same period in the previous year, the business earned $0.36 earnings per share. Ciena's revenue for the quarter was down 11.8% compared to the same quarter last year.

Hedge Funds Weigh In On Ciena

A number of institutional investors have recently modified their holdings of the company. Kapitalo Investimentos Ltda acquired a new position in Ciena in the 4th quarter valued at $30,000. Register Financial Advisors LLC acquired a new stake in shares of Ciena in the first quarter valued at about $33,000. Headlands Technologies LLC acquired a new stake in shares of Ciena in the first quarter valued at about $40,000. Canton Hathaway LLC bought a new position in shares of Ciena in the second quarter worth about $40,000. Finally, Covestor Ltd lifted its position in shares of Ciena by 339.5% during the 1st quarter. Covestor Ltd now owns 1,213 shares of the communications equipment provider's stock worth $60,000 after purchasing an additional 937 shares during the last quarter. Institutional investors own 91.99% of the company's stock.

Insider Transactions at Ciena

In other Ciena news, SVP Jason Phipps sold 2,712 shares of the business's stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $48.29, for a total value of $130,962.48. Following the completion of the sale, the senior vice president now directly owns 96,000 shares of the company's stock, valued at $4,635,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP David M. Rothenstein sold 3,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $56.24, for a total transaction of $196,840.00. Following the transaction, the senior vice president now owns 205,421 shares of the company's stock, valued at approximately $11,552,877.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jason Phipps sold 2,712 shares of the business's stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $48.29, for a total value of $130,962.48. Following the completion of the sale, the senior vice president now owns 96,000 shares of the company's stock, valued at $4,635,840. The disclosure for this sale can be found here. Insiders sold 9,712 shares of company stock valued at $498,637 in the last three months. Corporate insiders own 0.83% 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.