Ciena (CIEN) to Release Quarterly Earnings on Thursday

Ciena (NYSE:CIEN - Get Free Report) is expected to post its Q2 2025 quarterly earnings results before the market opens on Thursday, June 5th. Analysts expect Ciena to post earnings of $0.50 per share and revenue of $1.09 billion for the quarter.

Ciena Stock Down 1.9%

Shares of CIEN traded down $1.57 during midday trading on Friday, reaching $79.98. 2,302,900 shares of the stock were exchanged, compared to its average volume of 2,029,835. The company has a market cap of $11.37 billion, a price-to-earnings ratio of 140.32, a P/E/G ratio of 1.54 and a beta of 1.11. The company has a quick ratio of 2.72, a current ratio of 3.55 and a debt-to-equity ratio of 0.54. Ciena has a 12-month low of $44.69 and a 12-month high of $101.44. The firm has a 50 day simple moving average of $68.41 and a 200-day simple moving average of $75.48.

Insider Buying and Selling

In related news, CEO Gary B. Smith sold 6,800 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $79.89, for a total value of $543,252.00. Following the completion of the transaction, the chief executive officer now directly owns 362,080 shares of the company's stock, valued at $28,926,571.20. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Phipps sold 18,888 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $59.88, for a total transaction of $1,131,013.44. Following the completion of the sale, the senior vice president now directly owns 89,258 shares in the company, valued at $5,344,769.04. This trade represents a 17.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,588 shares of company stock valued at $3,950,907 over the last three months. 0.93% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CIEN. Focus Partners Wealth lifted its holdings in Ciena by 14.6% during the 1st quarter. Focus Partners Wealth now owns 5,762 shares of the communications equipment provider's stock valued at $348,000 after purchasing an additional 733 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Ciena by 139.6% during the first quarter. Jones Financial Companies Lllp now owns 5,253 shares of the communications equipment provider's stock worth $317,000 after acquiring an additional 3,061 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Ciena by 1.4% in the first quarter. Goldman Sachs Group Inc. now owns 222,054 shares of the communications equipment provider's stock valued at $13,419,000 after acquiring an additional 3,117 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Ciena during the 1st quarter valued at about $395,000. Institutional investors and hedge funds own 91.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CIEN. Needham & Company LLC reduced their price objective on shares of Ciena from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Evercore ISI increased their price objective on Ciena from $68.00 to $82.00 and gave the company an "in-line" rating in a report on Friday, May 23rd. Barclays set a $100.00 target price on Ciena and gave the stock an "overweight" rating in a report on Wednesday, March 12th. Northland Securities raised Ciena from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $60.00 to $75.00 in a research report on Wednesday, March 12th. Finally, Northland Capmk raised shares of Ciena from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $79.69.

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.