B. Riley Has Negative Estimate for Ciena Q4 Earnings

Ciena Co. (NYSE:CIEN) – Analysts at B. Riley cut their Q4 2025 EPS estimates for shares of Ciena in a research report issued on Tuesday, March 11th. B. Riley analyst D. Kang now forecasts that the communications equipment provider will post earnings per share of $0.43 for the quarter, down from their previous forecast of $0.51. B. Riley has a “Buy” rating and a $89.00 price target 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 posted its quarterly 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 company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Ciena had a return on equity of 4.72% and a net margin of 2.09%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS.

Several other brokerages have also recently issued reports on CIEN. Needham & Company LLC dropped their target price on shares of Ciena from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of Ciena from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $84.00 to $88.00 in a report on Tuesday, January 28th. Barclays set a $100.00 target price on shares of Ciena and gave the stock an “overweight” rating in a report on Wednesday. Citigroup increased their target price on shares of Ciena from $84.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Northland Securities upgraded shares of Ciena from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $60.00 to $75.00 in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.38.

Ciena Trading Up 2.5 %

CIEN stock opened at $63.84 on Friday. The company has a market capitalization of $9.10 billion, a PE ratio of 112.00, a P/E/G ratio of 1.54 and a beta of 0.91. Ciena has a 12 month low of $43.30 and a 12 month high of $101.44. The firm’s 50-day moving average is $82.30 and its 200 day moving average is $73.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.55 and a quick ratio of 2.72.

Institutional Trading of Ciena

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in Ciena by 0.5% in the 3rd quarter. FMR LLC now owns 21,664,066 shares of the communications equipment provider’s stock worth $1,334,290,000 after purchasing an additional 108,407 shares in the last quarter. Vanguard Group Inc. boosted its stake in Ciena by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 15,316,640 shares of the communications equipment provider’s stock worth $1,299,004,000 after purchasing an additional 139,941 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Ciena by 0.3% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,236,920 shares of the communications equipment provider’s stock worth $444,143,000 after buying an additional 17,447 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Ciena by 195.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,626,153 shares of the communications equipment provider’s stock worth $392,345,000 after buying an additional 3,062,883 shares during the last quarter. Finally, State Street Corp lifted its stake in Ciena by 1.2% during the 3rd quarter. State Street Corp now owns 4,439,478 shares of the communications equipment provider’s stock valued at $273,427,000 after acquiring an additional 53,078 shares during the period. 91.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Jason Phipps sold 5,648 shares of Ciena stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $84.64, for a total value of $478,046.72. Following the completion of the sale, the senior vice president now directly owns 109,878 shares in the company, valued at $9,300,073.92. This trade represents a 4.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce L. Claflin sold 16,912 shares of Ciena stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $84.96, for a total transaction of $1,436,843.52. Following the completion of the sale, the director now owns 59,347 shares of the company’s stock, valued at $5,042,121.12. This trade represents a 22.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,442 shares of company stock worth $5,337,764. Corporate insiders own 0.93% 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.