Q1 2026 EPS Estimates for Ciena Co. (NYSE:CIEN) Cut by Analyst

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

Ciena (NYSE:CIEN) last posted its quarterly earnings data on Thursday, June 6th. The communications equipment provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. Ciena had a net margin of 3.71% and a return on equity of 7.16%. The company had revenue of $910.80 million during the quarter, compared to the consensus estimate of $895.80 million. During the same period in the prior year, the business posted $0.59 EPS. The company’s quarterly revenue was down 19.6% on a year-over-year basis.

Several other brokerages also recently issued reports on CIEN. Barclays cut their target price on shares of Ciena from $63.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, June 7th. B. Riley cut their target price on shares of Ciena from $68.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Rosenblatt Securities raised their target price on shares of Ciena from $52.50 to $54.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. Needham & Company LLC reiterated a “buy” rating and issued a $65.00 target price on shares of Ciena in a research note on Monday, June 3rd. Finally, BNP Paribas initiated coverage on shares of Ciena in a research note on Thursday, April 11th. They issued an “outperform” rating and a $57.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $57.25.

Ciena Trading Down 1.0 %

Ciena stock opened at $47.26 on Monday. The firm has a 50-day moving average of $47.89 and a 200-day moving average of $49.58. Ciena has a one year low of $39.94 and a one year high of $63.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.88 and a quick ratio of 2.76. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 45.44, a P/E/G ratio of 4.73 and a beta of 0.95.

Institutional Trading of Ciena

Hedge funds have recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda acquired a new stake in Ciena in the fourth quarter valued at approximately $30,000. Register Financial Advisors LLC bought a new stake in shares of Ciena in the first quarter worth $33,000. Headlands Technologies LLC bought a new stake in shares of Ciena in the first quarter worth $40,000. Covestor Ltd grew its stake in shares of Ciena by 339.5% in the first 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. Finally, Johnson Financial Group Inc. bought a new stake in shares of Ciena in the fourth quarter worth $61,000. Institutional investors and hedge funds own 91.99% of the company’s stock.

Insider Transactions at Ciena

In other news, CEO Gary B. Smith sold 4,166 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $44.80, for a total transaction of $186,636.80. Following the transaction, the chief executive officer now directly owns 385,109 shares of the company’s stock, valued at $17,252,883.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Joseph Cumello sold 3,156 shares of Ciena stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $45.74, for a total value of $144,355.44. Following the transaction, the senior vice president now directly owns 51,171 shares of the company’s stock, valued at $2,340,561.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary B. Smith sold 4,166 shares of Ciena stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $44.80, for a total transaction of $186,636.80. Following the completion of the transaction, the chief executive officer now directly owns 385,109 shares in the company, valued at $17,252,883.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,942 shares of company stock valued at $798,831. 0.83% of the stock is currently owned by company 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.