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

Ciena Co. (NYSE:CIEN) – Stock analysts at Zacks Research raised their Q2 2025 earnings per share estimates for Ciena in a report issued on Thursday, January 2nd. Zacks Research analyst R. Department now expects that the communications equipment provider will post earnings of $0.29 per share for the quarter, up from their prior estimate 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 firms also recently issued reports on CIEN. Morgan Stanley downgraded Ciena from an “overweight” rating to an “equal weight” rating and set a $63.00 price target on the stock. in a research note on Monday, October 28th. Needham & Company LLC lifted their target price on Ciena from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Northland Securities upped their price target on Ciena from $46.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, December 13th. Barclays lifted their price objective on shares of Ciena from $67.00 to $97.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, 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. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Ciena presently has an average rating of “Moderate Buy” and an average price target of $77.00.

Ciena Trading Down 3.1 %

CIEN opened at $81.91 on Monday. The stock has a market capitalization of $11.64 billion, a P/E ratio of 87.14, a P/E/G ratio of 5.95 and a beta of 0.89. The company has a current ratio of 4.06, a quick ratio of 2.99 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’s fifty day simple moving average is $75.69 and its 200 day simple moving average is $62.56.

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). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.10 billion. Ciena had a net margin of 3.44% and a return on equity of 5.98%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS.

Ciena declared that its Board of Directors has approved a stock buyback program on Wednesday, October 2nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the communications equipment provider to purchase up to 10.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity at Ciena

In other news, SVP David M. Rothenstein sold 3,500 shares of the 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 transaction, the senior vice president now directly owns 199,997 shares of the company’s stock, valued at $13,485,797.71. This represents a 1.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph Cumello sold 1,289 shares of Ciena stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $68.99, for a total transaction of $88,928.11. Following the sale, the senior vice president now directly owns 39,486 shares of the company’s stock, valued at $2,724,139.14. The trade was a 3.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,219 shares of company stock worth $2,487,621. Insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Ciena

Large investors have recently made changes to their positions in the company. Hoese & Co LLP acquired a new position in Ciena in the 3rd quarter valued at $25,000. UMB Bank n.a. boosted its position in shares of Ciena by 424.4% in the third quarter. UMB Bank n.a. now owns 451 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 365 shares during the period. Versant Capital Management Inc grew its stake 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 acquiring an additional 296 shares in the last quarter. First Horizon Advisors Inc. increased its position in Ciena by 152.8% during the third quarter. First Horizon Advisors Inc. now owns 847 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 512 shares during the period. Finally, Quarry LP raised its stake in Ciena by 118.9% in the 2nd quarter. Quarry LP now owns 1,572 shares of the communications equipment provider’s stock worth $76,000 after purchasing an additional 854 shares in the last quarter. Institutional investors own 91.99% 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.