Ciena (CIEN) Projected to Post Quarterly Earnings on Thursday

Key Points

• Ciena is expected to report Q2 2026 earnings on Thursday, June 4, before the market opens. Analysts are looking for $1.45 per share in earnings on $1.5046 billion in revenue.
• The company’s last quarter was strong, with $1.35 EPS beating estimates and revenue of $1.43 billion topping forecasts, helped by 33.1% year-over-year revenue growth.
• Wall Street sentiment remains upbeat overall, with several recent price target increases and an average target of $404.94, though insiders have also been selling shares recently.

Ciena (NYSE:CIEN - Get Free Report) is projected to issue its Q2 2026 results before the market opens on Thursday, June 4th. Analysts expect the company to announce earnings of $1.45 per share and revenue of $1.5046 billion for the quarter. Parties can check the company's upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, June 4, 2026 at 8:30 AM ET.

Ciena (NYSE:CIEN - Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The communications equipment provider reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.18. Ciena had a net margin of 4.47% and a return on equity of 12.09%. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the previous year, the company earned $0.64 earnings per share. Ciena's revenue for the quarter was up 33.1% on a year-over-year basis. On average, analysts expect Ciena to post $5 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Ciena Price Performance

Shares of Ciena stock opened at $580.90 on Thursday. The firm has a fifty day simple moving average of $492.80 and a 200-day simple moving average of $337.45. The company has a current ratio of 2.81, a quick ratio of 2.14 and a debt-to-equity ratio of 0.55. Ciena has a 1-year low of $70.77 and a 1-year high of $605.61. The stock has a market capitalization of $82.14 billion, a price-to-earnings ratio of 370.00, a PEG ratio of 1.97 and a beta of 1.24.

Analysts Set New Price Targets

CIEN has been the subject of a number of analyst reports. B. Riley Financial boosted their price objective on shares of Ciena from $222.00 to $283.00 and gave the stock a "neutral" rating in a research note on Friday, March 6th. Rosenblatt Securities boosted their price objective on shares of Ciena from $305.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, March 6th. Stifel Nicolaus upped their target price on shares of Ciena from $430.00 to $585.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Citigroup upped their target price on shares of Ciena from $345.00 to $658.00 and gave the company a "buy" rating in a research note on Monday, May 18th. Finally, Bank of America upped their target price on shares of Ciena to $660.00 and gave the company a "buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $404.94.

Insider Activity at Ciena

In other news, SVP Jason Phipps sold 22,014 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $409.80, for a total value of $9,021,337.20. Following the completion of the transaction, the senior vice president owned 68 shares in the company, valued at approximately $27,866.40. This represents a 99.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary B. Smith sold 2,952 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $415.51, for a total transaction of $1,226,585.52. Following the completion of the transaction, the chief executive officer owned 281,365 shares of the company's stock, valued at approximately $116,909,971.15. This represents a 1.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,174 shares of company stock worth $18,878,661 in the last ninety days. 0.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ciena

Hedge funds have recently modified their holdings of the stock. Transamerica Financial Advisors LLC raised its holdings in shares of Ciena by 71.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 106 shares of the communications equipment provider's stock worth $25,000 after buying an additional 44 shares in the last quarter. Truvestments Capital LLC increased its position in shares of Ciena by 45.3% during the 4th quarter. Truvestments Capital LLC now owns 154 shares of the communications equipment provider's stock worth $36,000 after purchasing an additional 48 shares in the last quarter. Acumen Wealth Advisors LLC acquired a new stake in shares of Ciena during the 4th quarter worth about $40,000. Zions Bancorporation National Association UT acquired a new stake in shares of Ciena during the 4th quarter worth about $50,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Ciena during the 4th quarter worth about $70,000. 91.99% of the stock is owned by institutional investors and hedge funds.

Ciena Company Profile

Ciena Corporation NYSE: CIEN is a global supplier of telecommunications networking equipment, software and services. The company develops high-capacity optical transport systems and packet-optical platforms that enable service providers, cloud operators and large enterprises to build, manage and scale their networks. Ciena's product portfolio includes coherent optical solutions, packet networking platforms and a suite of network automation software designed to optimize bandwidth, reduce latency and simplify network operations.

In addition to hardware offerings, Ciena provides professional services and support, including network design, implementation and ongoing maintenance.

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