Ciena Co. (NYSE:CIEN – Free Report) – Zacks Analysis lowered their Q1 2026 earnings per share (EPS) estimates for Ciena in a analysis report issued on Wednesday, August twenty eighth. Zacks Analysis analyst R. Division now expects that the communications tools supplier will earn $0.44 per share for the quarter, down from their earlier forecast of $0.45. The consensus estimate for Ciena’s present full-year earnings is $1.15 per share. Zacks Analysis additionally issued estimates for Ciena’s Q2 2026 earnings at $0.47 EPS, Q3 2026 earnings at $0.63 EPS and FY2026 earnings at $2.26 EPS.
A number of different brokerages additionally lately issued experiences on CIEN. B. Riley lowered their value goal on Ciena from $68.00 to $66.00 and set a “purchase” score for the corporate in a analysis observe on Friday, June seventh. Raymond James downgraded Ciena from a “strong-buy” score to an “outperform” score and lowered their value goal for the inventory from $59.00 to $54.00 in a analysis observe on Thursday, June sixth. JPMorgan Chase & Co. lowered their value goal on Ciena from $67.00 to $60.00 and set an “obese” score for the corporate in a analysis observe on Thursday, Might thirtieth. Morgan Stanley raised Ciena from an “equal weight” score to an “obese” score and raised their value goal for the inventory from $53.00 to $55.00 in a analysis observe on Wednesday, June twelfth. Lastly, Barclays minimize their value goal on Ciena from $63.00 to $55.00 and set an “obese” score for the corporate in a analysis observe on Friday, June seventh. One funding analyst has rated the inventory with a promote score, three have assigned a maintain score and 9 have assigned a purchase score to the inventory. In line with information from MarketBeat.com, Ciena at present has a consensus score of “Reasonable Purchase” and a mean value goal of $57.25.
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Ciena Inventory Up 1.6 %
Shares of Ciena inventory opened at $57.62 on Friday. The inventory has a 50-day shifting common value of $50.40 and a 200 day shifting common value of $50.02. The corporate has a market cap of $8.28 billion, a P/E ratio of 55.40, a P/E/G ratio of 5.35 and a beta of 0.94. The corporate has a present ratio of three.88, a fast ratio of two.76 and a debt-to-equity ratio of 0.53. Ciena has a 1 12 months low of $39.94 and a 1 12 months excessive of $63.24.
Ciena (NYSE:CIEN – Get Free Report) final introduced its earnings outcomes on Thursday, June sixth. The communications tools supplier reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. Ciena had a return on fairness of seven.16% and a web margin of three.71%. The enterprise had income of $910.80 million throughout the quarter, in comparison with the consensus estimate of $895.80 million. Throughout the identical interval within the prior 12 months, the enterprise posted $0.59 earnings per share. Ciena’s income was down 19.6% in comparison with the identical quarter final 12 months.
Insider Exercise
In different information, CEO Gary B. Smith bought 4,166 shares of the inventory in a transaction dated Monday, June third. The inventory was bought at a mean value of $47.99, for a complete transaction of $199,926.34. Following the transaction, the chief govt officer now owns 372,611 shares of the corporate’s inventory, valued at roughly $17,881,601.89. The sale was disclosed in a authorized submitting with the SEC, which is accessible by way of this hyperlink. In different Ciena information, SVP David M. Rothenstein bought 3,500 shares of the agency’s inventory in a transaction that occurred on Monday, July fifteenth. The inventory was bought at a mean value of $48.81, for a complete worth of $170,835.00. Following the sale, the senior vice chairman now owns 212,421 shares of the corporate’s inventory, valued at roughly $10,368,269.01. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which is accessible by way of this hyperlink. Additionally, CEO Gary B. Smith bought 4,166 shares of the agency’s inventory in a transaction that occurred on Monday, June third. The shares had been bought at a mean value of $47.99, for a complete worth of $199,926.34. Following the completion of the sale, the chief govt officer now straight owns 372,611 shares within the firm, valued at roughly $17,881,601.89. The disclosure for this sale could be discovered right here. Within the final quarter, insiders have bought 10,378 shares of firm inventory valued at $501,724. Insiders personal 0.83% of the corporate’s inventory.
Institutional Buying and selling of Ciena
Hedge funds and different institutional buyers have lately added to or lowered their stakes within the enterprise. Federated Hermes Inc. lifted its place in shares of Ciena by 9.0% within the 4th quarter. Federated Hermes Inc. now owns 17,998 shares of the communications tools supplier’s inventory price $810,000 after buying an extra 1,489 shares throughout the interval. Los Angeles Capital Administration LLC lifted its place in shares of Ciena by 13.1% within the 4th quarter. Los Angeles Capital Administration LLC now owns 68,956 shares of the communications tools supplier’s inventory price $3,104,000 after buying an extra 7,966 shares throughout the interval. Nationwide Financial institution of Canada FI lifted its place in shares of Ciena by 362.8% within the 4th quarter. Nationwide Financial institution of Canada FI now owns 111,507 shares of the communications tools supplier’s inventory price $5,033,000 after buying an extra 87,412 shares throughout the interval. Personal Advisor Group LLC purchased a brand new stake in shares of Ciena within the 4th quarter price roughly $238,000. Lastly, Charles Schwab Funding Administration Inc. lifted its place in shares of Ciena by 2.0% within the 4th quarter. Charles Schwab Funding Administration Inc. now owns 949,476 shares of the communications tools supplier’s inventory price $42,736,000 after buying an extra 18,860 shares throughout the interval. Institutional buyers and hedge funds personal 91.99% of the corporate’s inventory.
About Ciena
Ciena Company gives {hardware} and software program providers for supply of video, information, and voice visitors metro, aggregation, and entry communications community worldwide. The corporate’s Networking Platforms section gives convergence of coherent optical transport, open optical networking, optical transport community switching, IP routing, and switching providers.
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