Q1 2026 Earnings Estimate for Ciena Co. (NYSE:CIEN) Issued By Zacks Research

Ciena Co. (NYSE:CIEN) – Analysts at Zacks Research dropped their Q1 2026 EPS estimates for Ciena in a research report issued to clients and investors on Thursday, June 27th. Zacks Research analyst R. Department now forecasts that the communications equipment provider will post earnings per share of $0.45 for the quarter, down from their prior estimate of $0.55. The consensus estimate for Ciena’s current full-year earnings is $1.22 per share.

Ciena (NYSE:CIEN) last announced its quarterly earnings data on Thursday, June 6th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. Ciena had a net margin of 3.71% and a return on equity of 7.16%. The firm had revenue of $910.80 million for the quarter, compared to analysts’ expectations of $895.80 million. During the same period last year, the firm earned $0.59 earnings per share. The business’s revenue for the quarter was down 19.6% on a year-over-year basis.

A number of other brokerages have also recently issued reports on CIEN. Citigroup initiated coverage on shares of Ciena in a research note on Friday, April 12th. They issued a “sell” rating and a $44.00 price objective on the stock. Morgan Stanley upgraded shares of Ciena from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $53.00 to $55.00 in a report on Wednesday, June 12th. Rosenblatt Securities increased their target price on shares of Ciena from $52.50 to $54.00 and gave the stock a “neutral” rating in a report on Friday, June 7th. JPMorgan Chase & Co. cut their target price on shares of Ciena from $67.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, May 30th. Finally, StockNews.com upgraded shares of Ciena from a “sell” rating to a “hold” rating in a report on Friday, March 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.25.

Ciena Price Performance

Shares of CIEN stock opened at $47.75 on Monday. Ciena has a 52-week low of $39.94 and a 52-week high of $63.24. The stock has a market cap of $6.86 billion, a PE ratio of 45.91, a PEG ratio of 4.73 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.76 and a current ratio of 3.88. The firm’s 50 day moving average price is $47.84 and its two-hundred day moving average price is $49.55.

Insider Buying and Selling

In other Ciena news, SVP Joseph Cumello sold 1,288 shares of Ciena stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $49.00, for a total value of $63,112.00. Following the sale, the senior vice president now directly owns 49,883 shares in the company, valued at approximately $2,444,267. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Ciena news, CEO Gary B. Smith sold 4,166 shares of Ciena stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $47.99, for a total value of $199,926.34. Following the sale, the chief executive officer now directly owns 372,611 shares in the company, valued at approximately $17,881,601.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph Cumello sold 1,288 shares of Ciena stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $49.00, for a total transaction of $63,112.00. Following the completion of the sale, the senior vice president now owns 49,883 shares in the company, valued at $2,444,267. The disclosure for this sale can be found here. Insiders have sold a total of 16,942 shares of company stock worth $798,831 over the last ninety days. Company insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CIEN. Kapitalo Investimentos Ltda bought a new position in shares of Ciena in the 4th quarter valued at about $30,000. Register Financial Advisors LLC bought a new position in shares of Ciena in the 1st quarter valued at about $33,000. Headlands Technologies LLC bought a new stake in shares of Ciena during the 1st quarter worth about $40,000. Covestor Ltd boosted its holdings in shares of Ciena by 339.5% during the 1st quarter. Covestor Ltd now owns 1,213 shares of the communications equipment provider’s stock worth $60,000 after buying an additional 937 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in shares of Ciena during the 4th quarter worth about $61,000. 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.