Zacks Research Has Pessimistic Outlook of Ciena Q2 Earnings

Ciena Co. (NYSE:CIEN - Free Report) - Stock analysts at Zacks Research lowered their Q2 2025 EPS 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 prior 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.

A number of other equities research analysts have also recently issued reports on CIEN. Stifel Nicolaus reissued a "buy" rating and issued a $82.00 target price (up previously from $75.00) on shares of Ciena in a research report on Tuesday, December 10th. JPMorgan Chase & Co. upgraded shares of Ciena from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $84.00 to $88.00 in a research report on Tuesday, January 28th. B. Riley reiterated a "buy" rating and issued a $89.00 price target (down from $97.00) on shares of Ciena in a research report on Wednesday, March 12th. Needham & Company LLC reduced their price target on Ciena from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Finally, Rosenblatt Securities cut 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. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Ciena currently has an average rating of "Moderate Buy" and a consensus price target of $81.38.

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Ciena Stock Performance

Shares of Ciena stock traded down $2.66 on Thursday, hitting $53.53. The stock had a trading volume of 5,780,351 shares, compared to its average volume of 1,998,868. The business's 50 day moving average is $75.40 and its two-hundred day moving average is $74.21. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 93.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. Ciena has a twelve month low of $43.30 and a twelve month high of $101.44. The company has a quick ratio of 2.72, a current ratio of 3.55 and a debt-to-equity ratio of 0.54.

Institutional Investors Weigh In On Ciena

A number of hedge funds have recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC grew its position in Ciena by 108.6% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 290 shares of the communications equipment provider's stock valued at $25,000 after purchasing an additional 151 shares during the period. Versant Capital Management Inc grew its holdings in shares of Ciena by 925.0% during the fourth quarter. Versant Capital Management Inc now owns 328 shares of the communications equipment provider's stock valued at $28,000 after buying an additional 296 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Ciena by 73.7% during the fourth quarter. Bessemer Group Inc. now owns 356 shares of the communications equipment provider's stock valued at $30,000 after buying an additional 151 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of 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 acquiring an additional 279 shares in the last quarter. Finally, Atlas Capital Advisors Inc. raised its holdings in shares of Ciena by 77.2% in the 4th quarter. Atlas Capital Advisors Inc. now owns 420 shares of the communications equipment provider's stock worth $36,000 after acquiring an additional 183 shares during the last quarter. Institutional investors and hedge funds own 91.99% of the company's stock.

Insider Activity

In other Ciena news, SVP Jason Phipps sold 18,888 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $59.88, for a total transaction of $1,131,013.44. Following the transaction, the senior vice president now directly owns 89,258 shares in the company, valued at approximately $5,344,769.04. This represents a 17.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brodie Gage sold 350 shares of Ciena stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $85.91, for a total transaction of $30,068.50. Following the completion of the sale, the senior vice president now directly owns 49,547 shares of the company's stock, valued at approximately $4,256,582.77. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,200 shares of company stock valued at $4,921,513. 0.93% of the stock is currently owned by corporate insiders.

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.