Ciena (NYSE:CIEN) Upgraded by Northland Capmk to “Strong-Buy” Rating

Northland Capmk upgraded shares of Ciena (NYSE:CIEN) from a hold rating to a strong-buy rating in a report published on Wednesday, MarketBeat Ratings reports. Northland Capmk also issued estimates for Ciena’s Q4 2025 earnings at $0.53 EPS.

A number of other equities research analysts also recently issued reports on CIEN. B. Riley reissued a “buy” rating and set a $89.00 price objective (down previously from $97.00) on shares of Ciena in a research report on Wednesday. JPMorgan Chase & Co. raised shares of Ciena from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $84.00 to $88.00 in a research report on Tuesday, January 28th. Citigroup boosted their price objective on shares of Ciena from $84.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Morgan Stanley cut their price objective on shares of Ciena from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Needham & Company LLC lowered their target price on shares of Ciena from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.38.

Ciena Price Performance

Shares of CIEN opened at $62.30 on Wednesday. The company has a market capitalization of $8.88 billion, a P/E ratio of 109.30, a price-to-earnings-growth ratio of 1.54 and a beta of 0.91. The company has a quick ratio of 2.72, a current ratio of 3.55 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $83.11 and a 200 day moving average of $73.22. Ciena has a twelve month low of $43.30 and a twelve month high of $101.44.

Ciena (NYSE:CIEN) last posted its earnings results on Thursday, December 12th. The communications equipment provider reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Ciena had a return on equity of 4.72% and a net margin of 2.09%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm posted $0.56 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that Ciena will post 1.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Brodie Gage sold 350 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $85.91, for a total value of $30,068.50. Following the sale, the senior vice president now directly owns 49,547 shares in the company, valued at $4,256,582.77. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary B. Smith sold 6,800 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $76.41, for a total transaction of $519,588.00. Following the completion of the sale, the chief executive officer now owns 398,549 shares in the company, valued at approximately $30,453,129.09. This trade represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,442 shares of company stock worth $5,337,764 in the last 90 days. 0.93% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ciena

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in Ciena by 0.5% in the 3rd quarter. FMR LLC now owns 21,664,066 shares of the communications equipment provider’s stock worth $1,334,290,000 after acquiring an additional 108,407 shares in the last quarter. Vanguard Group Inc. grew its stake in Ciena by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 15,316,640 shares of the communications equipment provider’s stock worth $1,299,004,000 after acquiring an additional 139,941 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Ciena by 0.3% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,236,920 shares of the communications equipment provider’s stock worth $444,143,000 after acquiring an additional 17,447 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Ciena by 195.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,626,153 shares of the communications equipment provider’s stock worth $392,345,000 after acquiring an additional 3,062,883 shares in the last quarter. Finally, State Street Corp grew its stake in Ciena by 1.2% in the 3rd quarter. State Street Corp now owns 4,439,478 shares of the communications equipment provider’s stock worth $273,427,000 after acquiring an additional 53,078 shares in the last quarter. 91.99% of the stock is currently owned by institutional investors.

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.