Ciena (CIEN) to Post Earnings on Thursday

Ciena (NYSE:CIEN) will likely be announcing its Q3 2026 results before the market opens on Thursday, September 3rd. Analysts expect the company to post earnings of $1.73 per share and revenue of $1.6372 billion for the quarter. Individuals can check the company’s upcoming Q3 2026 earning overview page for the latest details on the call scheduled for Thursday, September 3, 2026 at 8:30 AM ET.

Ciena (NYSE:CIEN) last posted its earnings results on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.18. Ciena had a net margin of 7.87% and a return on equity of 18.15%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was up 39.5% on a year-over-year basis. On average, analysts expect Ciena to post $5 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Ciena Trading Up 0.9%

NYSE:CIEN opened at $381.72 on Tuesday. The firm’s fifty day moving average is $414.29 and its 200-day moving average is $437.16. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.11 and a current ratio of 2.73. Ciena has a 52 week low of $90.00 and a 52 week high of $637.51. The firm has a market cap of $54.03 billion, a P/E ratio of 127.24 and a beta of 1.30.

Analysts Set New Price Targets

Several research firms recently issued reports on CIEN. Zacks Research lowered shares of Ciena from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Stifel Nicolaus set a $615.00 price objective on Ciena in a research report on Friday, May 29th. Weiss Ratings downgraded Ciena from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Argus set a $650.00 target price on Ciena in a research report on Friday, June 5th. Finally, UBS Group restated a “buy” rating on shares of Ciena in a research report on Tuesday, July 28th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Ciena has a consensus rating of “Moderate Buy” and an average price target of $521.22.

Insiders Place Their Bets

In other news, SVP Jason Phipps sold 2,629 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $466.20, for a total value of $1,225,639.80. Following the sale, the senior vice president owned 62,382 shares of the company’s stock, valued at $29,082,488.40. The trade was a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 that occurred on Friday, August 14th. The stock was sold at an average price of $430.72, for a total transaction of $2,151,446.40. Following the completion of the transaction, the chief financial officer directly owned 107,519 shares of the company’s stock, valued at approximately $46,310,583.68. This trade represents a 4.44% decrease in their ownership of the stock. 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 ninety days, insiders sold 22,470 shares of company stock valued at $9,967,521. Company insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On Ciena

A number of hedge funds and other institutional investors have recently bought and sold shares of CIEN. Price T Rowe Associates Inc. MD raised its stake in shares of Ciena by 53.0% during the fourth 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 acquiring an additional 1,404,132 shares in the last quarter. Atreides Management LP acquired a new position in shares of Ciena in the second quarter valued at about $102,705,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Ciena by 2,174.2% during the third 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 during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Ciena by 3,577.9% during 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 during the period. Finally, Invesco Ltd. boosted its stake in shares of Ciena by 340.0% during the 3rd quarter. Invesco Ltd. now owns 1,238,745 shares of the communications equipment provider’s stock worth $180,448,000 after acquiring an additional 957,187 shares in the last quarter. Institutional investors 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.