Q1 2025 EPS Estimates for Ciena Co. (NYSE:CIEN) Decreased by Zacks Research

Ciena Co. (NYSE:CIEN - Free Report) - Analysts at Zacks Research cut their Q1 2025 earnings estimates for shares of Ciena in a research report issued on Wednesday, March 27th. Zacks Research analyst H. Sadavartia now anticipates that the communications equipment provider will post earnings per share of $0.38 for the quarter, down from their prior estimate of $0.48. The consensus estimate for Ciena's current full-year earnings is $1.59 per share. Zacks Research also issued estimates for Ciena's Q4 2025 earnings at $0.67 EPS.

A number of other equities analysts also recently commented on the company. StockNews.com raised Ciena from a "sell" rating to a "hold" rating in a research report on Friday, March 8th. Raymond James lowered their price objective on Ciena from $63.00 to $60.00 and set a "strong-buy" rating for the company in a research report on Friday, December 8th. Barclays upped their price target on Ciena from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, December 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $65.00 price target on shares of Ciena in a report on Friday, December 8th. Finally, JPMorgan Chase & Co. upped their price target on Ciena from $56.00 to $67.00 and gave the company an "overweight" rating in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Ciena currently has a consensus rating of "Moderate Buy" and an average target price of $60.71.

Ciena Trading Down 2.1 %

NYSE:CIEN traded down $1.04 on Friday, reaching $49.45. 1,480,309 shares of the company's stock were exchanged, compared to its average volume of 3,029,675. The company has a quick ratio of 3.12, a current ratio of 4.29 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 2.12 and a beta of 1.01. The business has a fifty day moving average of $53.89 and a 200-day moving average of $48.29. Ciena has a 52-week low of $39.94 and a 52-week high of $63.24.

Ciena (NYSE:CIEN - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The communications equipment provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.18. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.02 billion. Ciena had a net margin of 5.22% and a return on equity of 9.92%. The company's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Hsbc Holdings PLC raised its position in Ciena by 87.0% in the third quarter. Hsbc Holdings PLC now owns 50,597 shares of the communications equipment provider's stock worth $2,407,000 after acquiring an additional 23,544 shares in the last quarter. DigitalBridge Group Inc. raised its position in Ciena by 34.4% in the third quarter. DigitalBridge Group Inc. now owns 352,727 shares of the communications equipment provider's stock worth $16,670,000 after acquiring an additional 90,206 shares in the last quarter. Sowell Financial Services LLC purchased a new position in Ciena in the third quarter worth $483,000. HighTower Advisors LLC raised its position in Ciena by 2.2% in the third quarter. HighTower Advisors LLC now owns 17,585 shares of the communications equipment provider's stock worth $833,000 after acquiring an additional 376 shares in the last quarter. Finally, Ion Asset Management Ltd. raised its position in Ciena by 17.1% in the second quarter. Ion Asset Management Ltd. now owns 2,107,749 shares of the communications equipment provider's stock worth $89,559,000 after acquiring an additional 307,749 shares in the last quarter. Hedge funds and other institutional investors own 91.99% of the company's stock.

Insider Activity

In other news, CEO Gary B. Smith sold 70,838 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $54.11, for a total value of $3,833,044.18. Following the completion of the sale, the chief executive officer now directly owns 424,006 shares of the company's stock, valued at $22,942,964.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP David M. Rothenstein sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $49.72, for a total transaction of $174,020.00. Following the completion of the sale, the senior vice president now owns 237,001 shares in the company, valued at $11,783,689.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary B. Smith sold 70,838 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $54.11, for a total value of $3,833,044.18. Following the sale, the chief executive officer now owns 424,006 shares of the company's stock, valued at approximately $22,942,964.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,574 shares of company stock valued at $6,190,306. 0.83% of the stock is currently owned by company insiders.

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.