Ciena (NYSE:CIEN) Posts Earnings Results, Misses Expectations By $0.08 EPS

Ciena (NYSE:CIEN) posted its quarterly earnings data on Thursday. The communications equipment provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.08), Briefing.com reports. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Ciena had a net margin of 2.09% and a return on equity of 4.72%. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 EPS. Ciena updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Ciena Stock Down 0.2%

CIEN stock opened at $72.88 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.55 and a quick ratio of 2.72. Ciena has a 1-year low of $44.69 and a 1-year high of $101.44. The firm has a fifty day moving average price of $70.07 and a two-hundred day moving average price of $75.84. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 127.86, a PEG ratio of 1.54 and a beta of 1.12.

Analyst Ratings Changes

CIEN has been the subject of a number of research analyst reports. Rosenblatt Securities lifted their price target on shares of Ciena from $65.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday. Morgan Stanley lifted their price target on shares of Ciena from $44.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Friday. Northland Capmk upgraded shares of Ciena from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 12th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Ciena in a research note on Friday. Finally, UBS Group lifted their price target on shares of Ciena from $73.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Ciena currently has an average rating of “Moderate Buy” and a consensus price target of $83.15.

Insider Buying and Selling at Ciena

In other news, SVP Jason Phipps sold 18,888 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $59.88, for a total transaction of $1,131,013.44. Following the completion of the transaction, the senior vice president now owns 89,258 shares in the company, valued at approximately $5,344,769.04. This represents a 17.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary B. Smith sold 6,800 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $79.89, for a total transaction of $543,252.00. Following the transaction, the chief executive officer now owns 362,080 shares of the company’s stock, valued at $28,926,571.20. This represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,788 shares of company stock worth $3,431,319 over the last 90 days. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On Ciena

Several institutional investors have recently modified their holdings of CIEN. Focus Partners Wealth lifted its holdings in Ciena by 14.6% in the first quarter. Focus Partners Wealth now owns 5,762 shares of the communications equipment provider’s stock worth $348,000 after purchasing an additional 733 shares during the period. Jones Financial Companies Lllp lifted its holdings in Ciena by 139.6% in the first quarter. Jones Financial Companies Lllp now owns 5,253 shares of the communications equipment provider’s stock worth $317,000 after purchasing an additional 3,061 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Ciena by 1.4% in the first quarter. Goldman Sachs Group Inc. now owns 222,054 shares of the communications equipment provider’s stock worth $13,419,000 after purchasing an additional 3,117 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Ciena in the first quarter worth about $395,000. Institutional investors own 91.99% of the company’s stock.

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.