Analysts Offer Predictions for Ciena Co.’s Q1 2026 Earnings (NYSE:CIEN)

Ciena Co. (NYSE:CIEN) – Analysts at Zacks Research dropped their Q1 2026 earnings per share estimates for Ciena in a research note issued to investors on Thursday, June 27th. Zacks Research analyst R. Department now forecasts that the communications equipment provider will post earnings per share of $0.45 for the quarter, down from their prior estimate of $0.55. The consensus estimate for Ciena’s current full-year earnings is $1.22 per share.

Other research analysts also recently issued reports about the company. Rosenblatt Securities upped their target price on Ciena from $52.50 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. B. Riley dropped their target price on Ciena from $68.00 to $66.00 and set a “buy” rating for the company in a report on Friday, June 7th. Morgan Stanley upgraded Ciena from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $53.00 to $55.00 in a report on Wednesday, June 12th. Needham & Company LLC reiterated a “buy” rating and set a $65.00 price target on shares of Ciena in a report on Monday, June 3rd. Finally, Raymond James lowered Ciena from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $59.00 to $54.00 in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.25.

Ciena Trading Down 1.0 %

Shares of NYSE:CIEN opened at $47.26 on Monday. Ciena has a 12-month low of $39.94 and a 12-month high of $63.24. The company has a market capitalization of $6.79 billion, a PE ratio of 45.44, a PEG ratio of 4.73 and a beta of 0.95. The business has a 50 day moving average of $47.89 and a two-hundred day moving average of $49.58. The company has a current ratio of 3.88, a quick ratio of 2.76 and a debt-to-equity ratio of 0.53.

Ciena (NYSE:CIEN) last posted its earnings results on Thursday, June 6th. The communications equipment provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. Ciena had a return on equity of 7.16% and a net margin of 3.71%. The firm had revenue of $910.80 million for the quarter, compared to analyst estimates of $895.80 million. During the same period last year, the company earned $0.59 earnings per share. Ciena’s revenue for the quarter was down 19.6% compared to the same quarter last year.

Insider Buying and Selling

In related news, CEO Gary B. Smith sold 4,166 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $47.99, for a total transaction of $199,926.34. Following the completion of the sale, the chief executive officer now owns 372,611 shares in the company, valued at $17,881,601.89. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Ciena news, SVP Joseph Cumello sold 1,288 shares of Ciena stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $49.00, for a total transaction of $63,112.00. Following the transaction, the senior vice president now owns 49,883 shares of the company’s stock, valued at $2,444,267. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gary B. Smith sold 4,166 shares of Ciena stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $47.99, for a total value of $199,926.34. Following the transaction, the chief executive officer now directly owns 372,611 shares in the company, valued at approximately $17,881,601.89. The disclosure for this sale can be found here. Insiders sold a total of 16,942 shares of company stock worth $798,831 over the last 90 days. 0.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CIEN. Mariner LLC increased its holdings in shares of Ciena by 3.2% in the third quarter. Mariner LLC now owns 14,345 shares of the communications equipment provider’s stock valued at $678,000 after purchasing an additional 442 shares during the period. Stifel Financial Corp increased its holdings in shares of Ciena by 7.6% in the third quarter. Stifel Financial Corp now owns 115,936 shares of the communications equipment provider’s stock valued at $5,479,000 after purchasing an additional 8,141 shares during the period. Natixis Advisors L.P. increased its holdings in shares of Ciena by 12.4% in the third quarter. Natixis Advisors L.P. now owns 94,048 shares of the communications equipment provider’s stock valued at $4,445,000 after purchasing an additional 10,374 shares during the period. Treasurer of the State of North Carolina increased its holdings in shares of Ciena by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 65,144 shares of the communications equipment provider’s stock valued at $3,079,000 after purchasing an additional 330 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Ciena by 57.9% in the third quarter. Tower Research Capital LLC TRC now owns 15,985 shares of the communications equipment provider’s stock valued at $755,000 after purchasing an additional 5,859 shares during the period. Institutional investors and hedge funds own 91.99% 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.