Ciena (NYSE:CIEN) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Ciena (NYSE:CIEN - Get Free Report) issued its quarterly earnings data on Thursday. The communications equipment provider reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.08), Briefing.com reports. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Ciena had a net margin of 2.09% and a return on equity of 4.72%. Ciena's revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. Ciena updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Ciena Trading Down 13.0%

Shares of Ciena stock traded down $10.87 on Thursday, hitting $73.02. 11,618,303 shares of the company's stock traded hands, compared to its average volume of 2,074,581. Ciena has a one year low of $44.69 and a one year high of $101.44. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.55 and a quick ratio of 2.72. The company has a fifty day moving average of $69.84 and a two-hundred day moving average of $75.80. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 128.11, a price-to-earnings-growth ratio of 1.54 and a beta of 1.12.

Analyst Ratings Changes

CIEN has been the topic of a number of recent research reports. B. Riley reiterated a "buy" rating and issued a $89.00 target price (down from $97.00) on shares of Ciena in a research note on Wednesday, March 12th. Citigroup lowered their target price on Ciena from $98.00 to $75.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Northland Capmk raised Ciena from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 12th. JPMorgan Chase & Co. lifted their target price on Ciena from $76.00 to $86.00 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. Finally, Barclays set a $100.00 target price on Ciena and gave the stock an "overweight" rating in a report on Wednesday, March 12th. Four equities 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, Ciena has an average rating of "Moderate Buy" and a consensus target price of $81.23.

Insider Activity at Ciena

In other news, SVP David M. Rothenstein sold 2,500 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $68.88, for a total value of $172,200.00. Following the completion of the transaction, the senior vice president now directly owns 207,370 shares of the company's stock, valued at $14,283,645.60. This trade represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary B. Smith sold 6,800 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $65.18, for a total value of $443,224.00. Following the completion of the transaction, the chief executive officer now directly owns 391,749 shares of the company's stock, valued at $25,534,199.82. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,788 shares of company stock worth $3,431,319 in the last 90 days. Corporate insiders own 0.93% of the company's stock.

Institutional Investors Weigh In On Ciena

Several large investors have recently added to or reduced their stakes in CIEN. Goldman Sachs Group Inc. raised its position in Ciena by 1.4% during 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 purchasing an additional 3,117 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Ciena during the first quarter valued at about $395,000. Focus Partners Wealth raised its position in Ciena by 14.6% during the first 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 in the last quarter. Finally, Jones Financial Companies Lllp raised its position in Ciena by 139.6% during the first quarter. Jones Financial Companies Lllp now owns 5,253 shares of the communications equipment provider's stock valued at $317,000 after purchasing an additional 3,061 shares in the last quarter. Institutional investors 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.