Zacks Research Forecasts Ciena's Q2 Earnings (NYSE:CIEN)

Ciena Co. (NYSE:CIEN - Free Report) - Stock analysts at Zacks Research upped their Q2 2025 EPS estimates for shares of Ciena in a research note issued on Thursday, January 2nd. Zacks Research analyst R. Department now expects that the communications equipment provider will earn $0.29 per share for the quarter, up from their previous forecast of $0.24. The consensus estimate for Ciena's current full-year earnings is $1.13 per share. Zacks Research also issued estimates for Ciena's Q3 2025 earnings at $0.36 EPS, Q1 2026 earnings at $0.35 EPS and Q2 2026 earnings at $0.49 EPS.

Ciena (NYSE:CIEN - Get Free Report) last announced its quarterly earnings data on Thursday, December 12th. The communications equipment provider reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). Ciena had a return on equity of 5.98% and a net margin of 3.44%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. Ciena's revenue for the quarter was down .5% compared to the same quarter last year.

A number of other analysts have also commented on the stock. Needham & Company LLC lifted their target price on shares of Ciena from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, December 13th. BNP Paribas cut Ciena from an "outperform" rating to a "neutral" rating and lifted their price objective for the stock from $59.00 to $67.00 in a research note on Wednesday, October 9th. Barclays increased their target price on Ciena from $67.00 to $97.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Stifel Nicolaus restated a "buy" rating and set a $82.00 target price (up from $75.00) on shares of Ciena in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut Ciena from an "overweight" rating to a "neutral" rating and set a $65.00 price target for the company. in a research note on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $77.00.

Ciena Trading Up 0.9 %

Shares of CIEN traded up $0.79 on Monday, reaching $84.40. 1,651,590 shares of the company's stock were exchanged, compared to its average volume of 1,916,630. The business has a 50 day moving average price of $75.36 and a two-hundred day moving average price of $62.32. Ciena has a 12 month low of $43.30 and a 12 month high of $91.82. The stock has a market capitalization of $11.99 billion, a P/E ratio of 89.79, a price-to-earnings-growth ratio of 5.95 and a beta of 0.89. The company has a current ratio of 4.06, a quick ratio of 2.99 and a debt-to-equity ratio of 0.53.

Institutional Trading of Ciena

A number of hedge funds and other institutional investors have recently made changes to their positions in CIEN. Commonwealth Equity Services LLC raised its holdings in shares of Ciena by 107.9% in the second quarter. Commonwealth Equity Services LLC now owns 46,467 shares of the communications equipment provider's stock valued at $2,239,000 after purchasing an additional 24,120 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Ciena by 17.2% in the second quarter. Victory Capital Management Inc. now owns 2,049,464 shares of the communications equipment provider's stock valued at $98,743,000 after purchasing an additional 301,390 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Ciena by 1.7% in the second quarter. Arizona State Retirement System now owns 40,482 shares of the communications equipment provider's stock valued at $1,950,000 after purchasing an additional 679 shares during the last quarter. Savant Capital LLC raised its holdings in shares of Ciena by 275.1% in the second quarter. Savant Capital LLC now owns 21,914 shares of the communications equipment provider's stock valued at $1,056,000 after purchasing an additional 16,072 shares during the last quarter. Finally, Paralel Advisors LLC acquired a new position in Ciena during the second quarter worth $2,229,000. 91.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ciena

In other Ciena news, SVP Dino Diperna sold 2,682 shares of Ciena stock in a transaction that occurred on Thursday, December 26th. The shares were 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 of the company's stock, valued at approximately $4,435,197.48. The trade was a 5.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David M. Rothenstein sold 3,500 shares of Ciena stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $67.43, for a total transaction of $236,005.00. Following the completion of the sale, the senior vice president now owns 199,997 shares in the company, valued at $13,485,797.71. This trade represents a 1.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,219 shares of company stock valued at $2,487,621. 0.83% of the stock is currently owned by corporate insiders.

Ciena declared that its Board of Directors has authorized a share buyback program on Wednesday, October 2nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the communications equipment provider to repurchase up to 10.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

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.