B. Riley Has Negative Estimate for Ciena Q4 Earnings

Ciena Co. (NYSE:CIEN) – Investment analysts at B. Riley lowered their Q4 2025 EPS estimates for Ciena in a research note issued on Tuesday, March 11th. B. Riley analyst D. Kang now expects that the communications equipment provider will post earnings of $0.43 per share for the quarter, down from their previous forecast of $0.51. B. Riley currently has a “Buy” rating and a $89.00 target price on the stock. The consensus estimate for Ciena’s current full-year earnings is $1.60 per share. B. Riley also issued estimates for Ciena’s Q1 2026 earnings at $0.22 EPS and Q2 2026 earnings at $0.46 EPS.

Ciena (NYSE:CIEN) last released its quarterly earnings data on Thursday, December 12th. The communications equipment provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). Ciena had a net margin of 2.09% and a return on equity of 4.72%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis.

A number of other brokerages have also recently commented on CIEN. Morgan Stanley reduced their target price on shares of Ciena from $80.00 to $76.00 and set an “equal weight” rating for the company in a report on Wednesday. Bank of America raised shares of Ciena from a “neutral” rating to a “buy” rating and upped their target price for the company from $70.00 to $95.00 in a report on Friday, December 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $82.00 target price (up from $75.00) on shares of Ciena in a report on Tuesday, December 10th. JPMorgan Chase & Co. raised shares of Ciena from a “neutral” rating to an “overweight” rating and upped their target price for the company from $84.00 to $88.00 in a report on Tuesday, January 28th. Finally, Rosenblatt Securities reduced their target price on shares of Ciena from $94.00 to $79.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.38.

Ciena Stock Up 2.5 %

Shares of CIEN stock opened at $63.84 on Friday. Ciena has a 12 month low of $43.30 and a 12 month high of $101.44. The stock has a market cap of $9.10 billion, a P/E ratio of 112.00, a P/E/G ratio of 1.54 and a beta of 0.91. The company has a current ratio of 3.55, a quick ratio of 2.72 and a debt-to-equity ratio of 0.54. The company has a 50 day simple moving average of $82.30 and a two-hundred day simple moving average of $73.19.

Hedge Funds Weigh In On Ciena

A number of hedge funds and other institutional investors have recently modified their holdings of CIEN. Atria Investments Inc bought a new position in shares of Ciena during the third quarter worth $1,988,000. Ashton Thomas Private Wealth LLC bought a new position in Ciena during the third quarter valued at $1,337,000. Oppenheimer Asset Management Inc. lifted its position in Ciena by 826.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 98,600 shares of the communications equipment provider’s stock valued at $6,073,000 after purchasing an additional 87,953 shares during the last quarter. KBC Group NV lifted its position in Ciena by 1.0% during the third quarter. KBC Group NV now owns 50,161 shares of the communications equipment provider’s stock valued at $3,089,000 after purchasing an additional 488 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new position in Ciena during the third quarter valued at $3,748,000. Institutional investors own 91.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Bruce L. Claflin sold 16,912 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $84.96, for a total transaction of $1,436,843.52. Following the completion of the transaction, the director now owns 59,347 shares in the company, valued at approximately $5,042,121.12. This represents a 22.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary B. Smith sold 6,800 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $76.41, for a total transaction of $519,588.00. Following the transaction, the chief executive officer now owns 398,549 shares of the company’s stock, valued at approximately $30,453,129.09. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,442 shares of company stock worth $5,337,764. 0.93% of the stock is owned by insiders.

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.