Research Analysts Issue Forecasts for Ciena Co.’s Q1 2026 Earnings (NYSE:CIEN)

Ciena Co. (NYSE:CIEN) – Stock analysts at Zacks Research decreased their Q1 2026 EPS estimates for Ciena in a research report issued to clients and investors on Thursday, June 27th. Zacks Research analyst R. Department now anticipates that the communications equipment provider will earn $0.45 per share for the quarter, down from their previous 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 results on Thursday, June 6th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. The firm had revenue of $910.80 million during the quarter, compared to analysts’ expectations of $895.80 million. Ciena had a net margin of 3.71% and a return on equity of 7.16%. The firm’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Ciena from $67.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. BNP Paribas assumed coverage on shares of Ciena in a research report on Thursday, April 11th. They set an “outperform” rating and a $57.00 target price on the stock. B. Riley lowered their target price on shares of Ciena from $68.00 to $66.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Citigroup started coverage on shares of Ciena in a research report on Friday, April 12th. They issued a “sell” rating and a $44.00 price target on the stock. Finally, StockNews.com upgraded shares of Ciena from a “sell” rating to a “hold” rating in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.25.

Ciena Trading Up 0.1 %

NYSE CIEN opened at $48.18 on Monday. The company has a quick ratio of 2.76, a current ratio of 3.88 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $47.76 and a 200 day moving average price of $49.53. Ciena has a 52-week low of $39.94 and a 52-week high of $63.24. The stock has a market capitalization of $6.92 billion, a P/E ratio of 46.33, a P/E/G ratio of 4.73 and a beta of 0.99.

Institutional Investors Weigh In On Ciena

Large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Ciena by 1,944.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,062,394 shares of the communications equipment provider’s stock worth $101,986,000 after acquiring an additional 1,961,513 shares in the last quarter. Norges Bank acquired a new position in shares of Ciena in the 4th quarter valued at about $73,476,000. Swedbank AB acquired a new position in shares of Ciena in the 1st quarter valued at about $48,214,000. Rokos Capital Management LLP boosted its holdings in shares of Ciena by 118.7% in the 1st quarter. Rokos Capital Management LLP now owns 1,524,332 shares of the communications equipment provider’s stock valued at $75,378,000 after buying an additional 827,352 shares during the period. Finally, Capital World Investors boosted its holdings in shares of Ciena by 29.1% in the 4th quarter. Capital World Investors now owns 3,513,633 shares of the communications equipment provider’s stock valued at $158,149,000 after buying an additional 791,215 shares during the period. 91.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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