Ciena (CIEN) Expected to Announce Earnings on Thursday

Key Points

• Ciena is expected to report Q3 2026 earnings before the market opens on September 3. Analysts anticipate EPS of $1.72 and revenue of approximately $1.63 billion.
• The company’s latest quarter exceeded expectations, with EPS of $1.64 versus the $1.46 consensus and revenue of $1.57 billion, up 39.5% year over year.
• Wall Street remains broadly positive, with 14 Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $527.78. However, insiders have sold more than $11.6 million of shares over the past 90 days.

Ciena (NYSE:CIEN - Get Free Report) is expected to be announcing its Q3 2026 results before the market opens on Thursday, September 3rd. Analysts expect the company to announce earnings of $1.72 per share and revenue of $1.6341 billion for the quarter. Interested persons can find conference call details on the company's upcoming Q3 2026 earning results page for the latest details on the call scheduled for Thursday, September 3, 2026 at 8:30 AM ET.

Ciena (NYSE:CIEN - Get Free Report) last released its quarterly earnings data on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.18. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. Ciena had a return on equity of 18.15% and a net margin of 7.87%.The business's revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. 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 CIEN opened at $406.20 on Thursday. Ciena has a 12 month low of $90.00 and a 12 month high of $637.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.73 and a quick ratio of 2.11. The stock has a fifty day moving average price of $417.43 and a 200 day moving average price of $435.04. The company has a market cap of $57.50 billion, a P/E ratio of 135.40 and a beta of 1.30.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CIEN. Stifel Nicolaus set a $615.00 price target on shares of Ciena in a report on Friday, May 29th. Northland Securities raised shares of Ciena from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $450.00 to $500.00 in a report on Wednesday, August 19th. Barclays lifted their price objective on shares of Ciena from $372.00 to $607.00 and gave the company an "overweight" rating in a research report on Friday, June 5th. Citigroup boosted 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, Rosenblatt Securities restated a "buy" rating and issued a $720.00 target price on shares of Ciena in a research report on Monday. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Ciena has an average rating of "Moderate Buy" and an average target price of $527.78.

Insider Activity at Ciena

In other news, CEO Gary B. Smith sold 2,952 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $457.02, for a total value of $1,349,123.04. Following the completion of the transaction, the chief executive officer owned 266,605 shares of the company's stock, valued at approximately $121,843,817.10. This represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marc D. Graff sold 4,995 shares of the firm's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $430.72, for a total value of $2,151,446.40. Following the transaction, the chief financial officer directly owned 107,519 shares in the company, valued at $46,310,583.68. This trade represents a 4.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 25,422 shares of company stock worth $11,638,117 in the last ninety days. 0.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ciena

Several large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Ciena by 53.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,051,625 shares of the communications equipment provider's stock valued at $947,554,000 after purchasing an additional 1,404,132 shares in the last quarter. Atreides Management LP acquired a new position in shares of Ciena in the 2nd quarter worth approximately $102,705,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Ciena by 2,174.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,143,855 shares of the communications equipment provider's stock worth $166,625,000 after purchasing an additional 1,093,557 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Ciena by 3,577.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,032,393 shares of the communications equipment provider's stock worth $83,965,000 after purchasing an additional 1,004,323 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Ciena by 340.0% during the third quarter. Invesco Ltd. now owns 1,238,745 shares of the communications equipment provider's stock valued at $180,448,000 after purchasing an additional 957,187 shares during the last quarter. Institutional investors and hedge funds own 91.99% of the company's stock.

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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