What is Zacks Research’s Forecast for Ciena Q2 Earnings?

Ciena Co. (NYSE:CIEN) – Equities research analysts at Zacks Research lifted their Q2 2025 earnings per share estimates for Ciena in a research note issued to investors on Thursday, January 2nd. Zacks Research analyst R. Department now anticipates that the communications equipment provider will earn $0.29 per share for the quarter, up from their prior forecast of $0.24. The consensus estimate for Ciena’s current full-year earnings is $1.13 per share. Zacks Research also issued estimates for Ciena’s Q3 2025 earnings at $0.36 EPS, Q1 2026 earnings at $0.35 EPS and Q2 2026 earnings at $0.49 EPS.

Several other research analysts also recently commented on the stock. Barclays lifted their target price on shares of Ciena from $67.00 to $97.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Rosenblatt Securities lifted their price objective on Ciena from $75.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Citigroup increased their target price on Ciena from $84.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. lowered Ciena from an “overweight” rating to a “neutral” rating and set a $65.00 price target for the company. in a report on Monday, October 7th. Finally, Bank of America upgraded shares of Ciena from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $95.00 in a research note on Friday, December 13th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Ciena presently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Ciena Trading Up 0.9 %

NYSE:CIEN opened at $84.40 on Monday. The company’s 50 day moving average is $75.36 and its 200-day moving average is $62.32. The company has a quick ratio of 2.99, a current ratio of 4.06 and a debt-to-equity ratio of 0.53. Ciena has a 12 month low of $43.30 and a 12 month high of $91.82. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 89.79, a P/E/G ratio of 5.95 and a beta of 0.89.

Ciena (NYSE:CIEN) last announced its quarterly earnings results on Thursday, December 12th. The communications equipment provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Ciena had a return on equity of 5.98% and a net margin of 3.44%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm earned $0.56 EPS. Ciena’s quarterly revenue was down .5% on a year-over-year basis.

Ciena announced that its board has authorized a stock repurchase plan on Wednesday, October 2nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the communications equipment provider to reacquire up to 10.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, SVP David M. Rothenstein sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $67.43, for a total value of $236,005.00. Following the sale, the senior vice president now owns 199,997 shares of the company’s stock, valued at approximately $13,485,797.71. This represents a 1.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jason Phipps sold 5,648 shares of Ciena stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $84.64, for a total transaction of $478,046.72. Following the transaction, the senior vice president now directly owns 109,878 shares of the company’s stock, valued at $9,300,073.92. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,219 shares of company stock valued at $2,487,621 over the last quarter. Corporate insiders own 0.83% of the company’s stock.

Institutional Trading of Ciena

Hedge funds have recently modified their holdings of the company. Everence Capital Management Inc. acquired a new stake in Ciena during the 4th quarter valued at $235,000. GAMMA Investing LLC grew its holdings in shares of Ciena by 27.7% during the fourth quarter. GAMMA Investing LLC now owns 2,109 shares of the communications equipment provider’s stock worth $179,000 after purchasing an additional 458 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Ciena by 925.0% in the fourth quarter. Versant Capital Management Inc now owns 328 shares of the communications equipment provider’s stock valued at $28,000 after buying an additional 296 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Ciena by 4.8% in the third quarter. Retirement Systems of Alabama now owns 403,490 shares of the communications equipment provider’s stock valued at $24,851,000 after buying an additional 18,426 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in Ciena by 75.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 8,315 shares of the communications equipment provider’s stock worth $512,000 after buying an additional 3,584 shares in the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.

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.