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

Ciena (NYSE:CIEN) was upgraded by equities researchers at Northland Capmk from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, MarketBeat.com reports. Northland Capmk also issued estimates for Ciena’s Q4 2025 earnings at $0.53 EPS.

Several other research firms have also issued reports on CIEN. Needham & Company LLC lowered their target price on shares of Ciena from $95.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday. Morgan Stanley decreased 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 note on Wednesday. JPMorgan Chase & Co. raised Ciena from a “neutral” rating to an “overweight” rating and upped their target price for the company from $84.00 to $88.00 in a research note on Tuesday, January 28th. Rosenblatt Securities reduced their price target on Ciena from $94.00 to $79.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Finally, Bank of America upgraded Ciena from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $70.00 to $95.00 in a report on Friday, December 13th. Four equities 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $81.38.

Ciena Trading Down 6.2 %

Shares of CIEN stock opened at $62.30 on Wednesday. The company has a market cap of $8.88 billion, a PE ratio of 109.30, a price-to-earnings-growth ratio of 1.54 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.55 and a quick ratio of 2.72. The stock’s 50 day simple moving average is $83.11 and its two-hundred day simple moving average is $73.22. Ciena has a 1 year low of $43.30 and a 1 year high of $101.44.

Ciena (NYSE:CIEN) last issued its quarterly earnings results on Thursday, December 12th. The communications equipment provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.10 billion. Ciena had a return on equity of 4.72% and a net margin of 2.09%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 earnings per share. Research analysts predict that Ciena will post 1.6 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP David M. Rothenstein sold 3,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $89.09, for a total value of $311,815.00. Following the completion of the sale, the senior vice president now owns 192,997 shares in the company, valued at approximately $17,194,102.73. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Brodie Gage sold 350 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $85.91, for a total transaction of $30,068.50. Following the completion of the sale, the senior vice president now directly owns 49,547 shares of the company’s stock, valued at $4,256,582.77. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,442 shares of company stock worth $5,337,764. 0.93% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CIEN. Price T Rowe Associates Inc. MD boosted its position in Ciena by 195.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,626,153 shares of the communications equipment provider’s stock valued at $392,345,000 after purchasing an additional 3,062,883 shares in the last quarter. Polar Capital Holdings Plc boosted its holdings in shares of Ciena by 113.7% in the 4th quarter. Polar Capital Holdings Plc now owns 2,169,406 shares of the communications equipment provider’s stock valued at $183,987,000 after buying an additional 1,154,260 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Ciena in the 3rd quarter worth approximately $57,861,000. Marshall Wace LLP grew its position in shares of Ciena by 4,215.9% in the 4th quarter. Marshall Wace LLP now owns 899,828 shares of the communications equipment provider’s stock worth $76,314,000 after buying an additional 878,979 shares during the last quarter. Finally, Stephens Investment Management Group LLC bought a new position in shares of Ciena during the 4th quarter worth approximately $56,997,000. 91.99% of the stock is owned by institutional investors.

Ciena Company Profile

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.