Northland Securities Forecasts Ciena Q1 Earnings

Key Points

• Northland Securities estimates Ciena will earn $2.15 per share in Q1 2027 and maintains an “Outperform” rating with a $500 price target. The firm projects EPS of $2.49, $2.93 and $3.41 for the following three quarters.
• Ciena’s latest results exceeded expectations, with EPS of $2.11 versus the $1.73 consensus and revenue of $1.67 billion versus $1.64 billion expected. Revenue increased 37% year over year, while net margin was 10.87%.
• Despite several analysts lowering their price targets, Ciena retains a “Moderate Buy” consensus rating from 20 analysts, with an average target of $480.95. Institutional investors own nearly 92% of the company’s shares.

Ciena Corporation (NYSE:CIEN - Free Report) - Equities researchers at Northland Securities issued their Q1 2027 earnings per share estimates for shares of Ciena in a research note issued to investors on Friday, September 4th. Northland Securities analyst T. Savageaux expects that the communications equipment provider will post earnings of $2.15 per share for the quarter. Northland Securities has a "Outperform" rating and a $500.00 price objective on the stock. The consensus estimate for Ciena's current full-year earnings is $5.37 per share. Northland Securities also issued estimates for Ciena's Q2 2027 earnings at $2.49 EPS, Q3 2027 earnings at $2.93 EPS and Q4 2027 earnings at $3.41 EPS.

Ciena (NYSE:CIEN - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The communications equipment provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.38. Ciena had a net margin of 10.87% and a return on equity of 25.33%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the company earned $0.35 earnings per share. The firm's revenue was up 37.0% compared to the same quarter last year.

CIEN has been the subject of a number of other reports. TD Cowen reduced their price objective on shares of Ciena from $575.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, September 4th. Rosenblatt Securities decreased their price target on Ciena from $720.00 to $525.00 and set a "buy" rating for the company in a research note on Friday, September 4th. Argus set a $650.00 price objective on Ciena in a research note on Friday, June 5th. Barclays decreased their target price on shares of Ciena from $607.00 to $475.00 and set an "overweight" rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price target on shares of Ciena from $635.00 to $605.00 and set an "overweight" rating on the stock in a research report on Friday, September 4th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Ciena presently has an average rating of "Moderate Buy" and a consensus price target of $480.95.

Ciena Stock Up 6.2%

Ciena stock opened at $340.87 on Wednesday. The company has a current ratio of 3.80, a quick ratio of 3.17 and a debt-to-equity ratio of 1.06. Ciena has a 1-year low of $117.93 and a 1-year high of $637.51. The company has a fifty day simple moving average of $397.49 and a 200 day simple moving average of $438.60. The company has a market cap of $48.25 billion, a P/E ratio of 76.09 and a beta of 1.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CIEN. NewEdge Advisors LLC lifted its position in Ciena by 1.5% during the second quarter. NewEdge Advisors LLC now owns 13,997 shares of the communications equipment provider's stock worth $6,866,000 after acquiring an additional 202 shares during the last quarter. GFG Capital LLC increased its stake in shares of Ciena by 10.1% during the second quarter. GFG Capital LLC now owns 632 shares of the communications equipment provider's stock worth $310,000 after purchasing an additional 58 shares during the period. IFP Advisors Inc lifted its holdings in Ciena by 6.3% during the 2nd quarter. IFP Advisors Inc now owns 1,100 shares of the communications equipment provider's stock worth $540,000 after purchasing an additional 65 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Ciena by 104.6% in the 2nd quarter. Baird Financial Group Inc. now owns 6,417 shares of the communications equipment provider's stock valued at $3,148,000 after purchasing an additional 3,280 shares during the period. Finally, Hudock Inc. grew its holdings in Ciena by 31.5% in the 2nd quarter. Hudock Inc. now owns 986 shares of the communications equipment provider's stock valued at $484,000 after buying an additional 236 shares in the last quarter. Institutional investors and hedge funds own 91.99% of the company's stock.

Insider Buying and Selling at Ciena

In related news, SVP Joseph Cumello sold 1,586 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $466.33, for a total value of $739,599.38. Following the sale, the senior vice president owned 42,872 shares in the company, valued at approximately $19,992,499.76. This represents a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 firm's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $362.90, for a total value of $1,071,280.80. Following the sale, the chief executive officer directly owned 243,078 shares of the company's stock, valued at $88,213,006.20. This represents a 1.20% 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 25,422 shares of company stock worth $11,038,802 in the last three months. 0.58% of the stock is owned by insiders.

About Ciena

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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