Brokers Issue Forecasts for Ciena’s Q1 Earnings (NYSE:CIEN)

Ciena Corporation (NYSE:CIEN) – Northland Securities issued their Q1 2027 earnings estimates for Ciena in a research report issued to clients and investors on Friday, September 4th. Northland Securities analyst T. Savageaux expects that the communications equipment provider will post earnings of $2.15 per share for the quarter. Northland Securities currently has a “Outperform” rating and a $500.00 target price on the stock. The consensus estimate for Ciena’s current full-year earnings is $5.37 per share. Northland Securities also issued estimates for Ciena’s Q2 2027 earnings at $2.49 EPS, Q3 2027 earnings at $2.93 EPS and Q4 2027 earnings at $3.41 EPS.

Ciena (NYSE:CIEN) last issued its quarterly earnings results on Thursday, September 3rd. The communications equipment provider reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.38. Ciena had a return on equity of 25.33% and a net margin of 10.87%.The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the business posted $0.35 earnings per share. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year.

A number of other research firms also recently commented on CIEN. JPMorgan Chase & Co. dropped their price target on Ciena from $635.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday, September 4th. Morgan Stanley dropped their target price on shares of Ciena from $490.00 to $425.00 and set an “equal weight” rating for the company in a research report on Friday. Bank of America reiterated a “buy” rating on shares of Ciena in a research report on Thursday, August 20th. Raymond James Financial restated an “outperform” rating and set a $600.00 price objective on shares of Ciena in a research report on Thursday, September 3rd. Finally, Needham & Company LLC reduced their target price on Ciena from $600.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $480.95.

Ciena Stock Performance

NYSE:CIEN opened at $340.87 on Wednesday. The company has a market cap of $48.25 billion, a price-to-earnings ratio of 76.09 and a beta of 1.30. Ciena has a fifty-two week low of $117.93 and a fifty-two week high of $637.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.17 and a current ratio of 3.80. The stock has a fifty day moving average price of $397.49 and a 200-day moving average price of $438.60.

Insider Activity

In related news, SVP Brodie Gage sold 1,200 shares of Ciena stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $466.10, for a total transaction of $559,320.00. Following the sale, the senior vice president directly owned 42,741 shares in the company, valued at $19,921,580.10. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Cumello sold 1,586 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $466.33, for a total transaction of $739,599.38. Following the sale, the senior vice president directly owned 42,872 shares in the company, valued at $19,992,499.76. The trade was a 3.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 25,422 shares of company stock valued at $11,038,802. 0.58% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. bought a new stake in Ciena in the first quarter valued at approximately $395,000. Jones Financial Companies Lllp lifted its position in shares of Ciena by 139.6% in the 1st 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. boosted its stake in shares of Ciena by 1.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 222,054 shares of the communications equipment provider’s stock valued at $13,419,000 after purchasing an additional 3,117 shares during the last quarter. Focus Partners Wealth increased its position in shares of Ciena by 14.6% during the first quarter. Focus Partners Wealth now owns 5,762 shares of the communications equipment provider’s stock worth $348,000 after buying an additional 733 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in shares of Ciena during the second quarter worth $234,000. 91.99% of the stock is owned by institutional investors.

About Ciena

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.