Zacks Research Comments on Ciena’s Q2 Earnings (NYSE:CIEN)

Ciena Co. (NYSE:CIEN) – Stock analysts at Zacks Research increased their Q2 2025 earnings per share (EPS) estimates for Ciena in a note issued to investors on Thursday, January 2nd. Zacks Research analyst R. Department now forecasts that the communications equipment provider will post earnings of $0.29 per share for the quarter, up from their prior 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) last issued its earnings results on Thursday, December 12th. The communications equipment provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.10 billion. Ciena had a net margin of 3.44% and a return on equity of 5.98%. Ciena’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 earnings per share.

A number of other research firms have also recently commented on CIEN. Evercore ISI cut Ciena from an “outperform” rating to an “in-line” rating and set a $65.00 price target for the company. in a report on Tuesday, October 15th. Northland Securities increased their target price on shares of Ciena from $46.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. Stifel Nicolaus restated a “buy” rating and issued a $82.00 price target (up from $75.00) on shares of Ciena in a research note on Tuesday, December 10th. JPMorgan Chase & Co. cut shares of Ciena from an “overweight” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research report on Monday, October 7th. Finally, Citigroup raised their target price on shares of Ciena from $84.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Ciena currently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Ciena Stock Down 3.1 %

Shares of CIEN opened at $81.91 on Monday. The firm has a 50 day simple moving average of $75.69 and a two-hundred day simple moving average of $62.56. The company has a market cap of $11.64 billion, a P/E ratio of 87.14, a P/E/G ratio of 5.95 and a beta of 0.89. Ciena has a one year low of $43.30 and a one year high of $91.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 4.06 and a quick ratio of 2.99.

Ciena announced that its board has initiated a stock repurchase plan on Wednesday, October 2nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the communications equipment provider to reacquire up to 10.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Ciena

In other news, CEO Gary B. Smith sold 13,600 shares of Ciena stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $83.66, for a total value of $1,137,776.00. Following the completion of the transaction, the chief executive officer now directly owns 425,749 shares of the company’s stock, valued at approximately $35,618,161.34. This trade represents a 3.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joseph Cumello sold 1,289 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $68.99, for a total value of $88,928.11. Following the sale, the senior vice president now owns 39,486 shares in the company, valued at approximately $2,724,139.14. The trade was a 3.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,219 shares of company stock worth $2,487,621. Insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Ciena

Several institutional investors have recently added to or reduced their stakes in CIEN. Coldstream Capital Management Inc. boosted its position in shares of Ciena by 3.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,742 shares of the communications equipment provider’s stock worth $292,000 after purchasing an additional 175 shares in the last quarter. US Bancorp DE boosted its holdings in Ciena by 2.4% in the third quarter. US Bancorp DE now owns 10,307 shares of the communications equipment provider’s stock worth $635,000 after acquiring an additional 244 shares in the last quarter. Versant Capital Management Inc grew its stake in Ciena by 925.0% in the fourth quarter. Versant Capital Management Inc now owns 328 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 296 shares during the period. Private Advisor Group LLC increased its holdings in shares of Ciena by 5.4% during the third quarter. Private Advisor Group LLC now owns 6,169 shares of the communications equipment provider’s stock valued at $380,000 after acquiring an additional 318 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Ciena by 424.4% during the third quarter. UMB Bank n.a. now owns 451 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 365 shares during the period. 91.99% of the stock is owned by institutional investors and hedge funds.

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.