Ciena (NYSE:CIEN) Upgraded by Rothschild & Co Redburn to “Hold” Rating

Rothschild & Co Redburn upgraded shares of Ciena (NYSE:CIEN) to a hold rating in a research report report published on Friday, Marketbeat Ratings reports. The firm currently has $416.00 price target on the communications equipment provider’s stock.

CIEN has been the subject of a number of other reports. Evercore set a $330.00 price target on shares of Ciena in a research note on Thursday, February 19th. JPMorgan Chase & Co. boosted their price target on shares of Ciena from $380.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Morgan Stanley boosted their price target on shares of Ciena from $286.00 to $405.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. B. Riley Financial boosted their price target on shares of Ciena from $222.00 to $283.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Finally, Stifel Nicolaus boosted their price target on shares of Ciena from $320.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $358.94.

Ciena Price Performance

Shares of CIEN stock traded up $8.70 during trading hours on Friday, reaching $536.28. 1,732,319 shares of the company were exchanged, compared to its average volume of 2,353,619. Ciena has a fifty-two week low of $70.67 and a fifty-two week high of $550.00. The stock’s fifty day moving average is $414.44 and its two-hundred day moving average is $289.45. The company has a market cap of $75.83 billion, a price-to-earnings ratio of 341.58, a P/E/G ratio of 1.73 and a beta of 1.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.81 and a quick ratio of 2.14.

Ciena (NYSE:CIEN) last announced its earnings results on Thursday, March 5th. The communications equipment provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.18. Ciena had a net margin of 4.47% and a return on equity of 12.09%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the business earned $0.64 earnings per share. Ciena’s quarterly revenue was up 33.1% on a year-over-year basis. Sell-side analysts forecast that Ciena will post 5.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Ciena

In other Ciena news, SVP Jason Phipps sold 22,014 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $409.80, for a total value of $9,021,337.20. Following the completion of the sale, the senior vice president owned 68 shares of the company’s stock, valued at approximately $27,866.40. This represents a 99.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brodie Gage sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $471.79, for a total transaction of $566,148.00. Following the completion of the sale, the senior vice president directly owned 45,141 shares of the company’s stock, valued at $21,297,072.39. The trade was a 2.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 42,974 shares of company stock valued at $16,615,505. Corporate insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On Ciena

Several large investors have recently bought and sold shares of the company. SmartHarvest Portfolios LLC increased its stake in Ciena by 1.8% in the first quarter. SmartHarvest Portfolios LLC now owns 1,142 shares of the communications equipment provider’s stock valued at $443,000 after purchasing an additional 20 shares in the last quarter. Whittier Trust Co. increased its position in shares of Ciena by 9.5% during the first quarter. Whittier Trust Co. now owns 358 shares of the communications equipment provider’s stock worth $139,000 after acquiring an additional 31 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Ciena by 0.8% during the fourth quarter. Parallel Advisors LLC now owns 5,107 shares of the communications equipment provider’s stock worth $1,194,000 after acquiring an additional 43 shares during the period. Transamerica Financial Advisors LLC raised its holdings in shares of Ciena by 71.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 106 shares of the communications equipment provider’s stock worth $25,000 after acquiring an additional 44 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Ciena by 2.9% during the fourth quarter. UMB Bank n.a. now owns 1,629 shares of the communications equipment provider’s stock worth $381,000 after acquiring an additional 46 shares during the period. Institutional investors own 91.99% of the company’s stock.

Ciena News Roundup

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Analyst/industry bullishness: Seeking Alpha highlights a surging backlog (now ~$7B) and accelerating backlog-to-cash conversion that supports revenue and cash-flow growth, arguing CIEN is well positioned for hyperscaler AI demand. Ciena Corp.: Buy As Backlog To Cash Is Rolling
• Positive Sentiment: Sector buy call: Zacks includes CIEN among communication-component stocks to tap the rally from 5G, fiber and AI tailwinds, reinforcing investor interest in the group. Buy 2 Communication Component Stocks to Tap Recent Rally
• Positive Sentiment: Brokerage sentiment and momentum: Broker consensus is around “Moderate Buy” and the stock recently hit a record high on the NYSE Composite, signaling strong market momentum and institutional interest. Ciena Given Average Recommendation of “Moderate Buy” Ciena Hits Record High
• Neutral Sentiment: Peer/company-news signal: Coverage of Lumentum’s upcoming Q3 frames broad industry demand for optics and AI-driven revenue growth — a positive sector signal for Ciena but not direct company news. Lumentum Q3 Earnings Loom
• Neutral Sentiment: ETF/flow context: Mentions of CIEN in mid-cap/smart-beta ETF coverage may support passive demand but are a secondary factor vs. direct earnings/backlog news. Is FNX a Strong ETF Right Now?
• Negative Sentiment: Celebrity pundit caution: Jim Cramer publicly said CIEN is “a little too hot” and that he’d “hold off,” which can sap conviction among retail traders and short-term momentum despite strong fundamentals. Jim Cramer on Ciena Jim Cramer on Ciena: “I’m Going to Have to Hold Off”

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.