Ciena Analysts Slash Their Forecasts After Q3 Earnings

Benzinga Earnings

09/04

Ciena Corp. (NYSE:CIEN) on Thursday reported better-than-expected earnings for its fiscal third quarter.

Revenue rose 37% year over year to $1.671 billion from $1.219 billion, beating the analyst consensus estimate of $1.633 billion. Adjusted diluted EPS rose about 215% to $2.11 from 67 cents, exceeding the analyst consensus estimate of $1.73.

For the fiscal fourth quarter, Ciena expects revenue of $1.7 billion to $1.8 billion, compared with the analyst estimate of $1.702 billion. Ciena raised its fiscal 2026 revenue outlook to $6.37 billion-$6.47 billion from $6.2 billion-$6.4 billion. The new range compares with the analyst consensus estimate of $6.336 billion.

“Today’s outstanding financial performance demonstrates Ciena’s leadership in providing industry-leading, high-speed connectivity solutions as AI continues to drive compounding waves of network investment,” said Gary Smith, president and CEO, Ciena. “As the only pure-play optical systems and interconnects provider, Ciena’s unmatched combination of incumbency, technology innovation, and deep expertise gives us a powerful competitive edge.”

Ciena shares rose 3.2% to trade at $326.50 on Friday.

These analysts made changes to their price targets on Ciena following earnings announcement.

Rosenblatt analyst Mike Genovese maintained the stock with a Buy and lowered the price target from $720 to $525.
Barclays analyst Tim Long maintained the stock with an Overweight rating and cut the price target from $607 to $475.
TD Cowen analyst Sean O’Loughlin maintained the stock with a Buy and lowered the price target from $575 to $400.

Considering buying CIEN stock? Here’s what analysts think:

Photo via Shutterstock

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Adjusted diluted EPS rose about 215% to $2.11 from 67 cents, exceeding the analyst consensus estimate of $1.73.</p>\n<p>For the fiscal fourth quarter, Ciena expects revenue of $1.7 billion to $1.8 billion, compared with the analyst estimate of $1.702 billion. Ciena raised its fiscal 2026 revenue outlook to $6.37 billion-$6.47 billion from $6.2 billion-$6.4 billion. The new range compares with the analyst consensus estimate of $6.336 billion.</p>\n<p>“Today’s outstanding financial performance demonstrates Ciena’s leadership in providing industry-leading, high-speed connectivity solutions as AI continues to drive compounding waves of network investment,” said Gary Smith, president and CEO, Ciena. “As the only pure-play optical systems and interconnects provider, Ciena’s unmatched combination of incumbency, technology innovation, and deep expertise gives us a powerful competitive edge.”</p>\n<p>Ciena shares rose 3.2% to trade at $326.50 on Friday.</p>\n<p>These analysts made changes to their price targets on Ciena following earnings announcement.</p>\n<ul>\n<li>Rosenblatt analyst Mike Genovese maintained the stock with a Buy and lowered the price target from $720 to $525.</li>\n<li>Barclays analyst Tim Long maintained the stock with an Overweight rating and cut the price target from $607 to $475.</li>\n<li>TD Cowen analyst Sean O’Loughlin maintained the stock with a Buy and lowered the price target from $575 to $400.</li>\n</ul>\n<p><strong>Considering buying CIEN stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"286\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/04094629/image-124-1024x286.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/04094629/image-124-1024x286.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/04094629/image-124-300x84.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/04094629/image-124-768x215.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/04094629/image-124.png 1152w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ciena Analysts Slash Their Forecasts After Q3 Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiena Analysts Slash Their Forecasts After Q3 Earnings\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2026-09-04 21:57</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<html><body><p><strong>Ciena Corp.</strong> (NYSE:CIEN) on Thursday reported better-than-expected earnings for its fiscal third quarter.</p>\n<p>Revenue rose 37% year over year to $1.671 billion from $1.219 billion, beating the analyst consensus estimate of $1.633 billion. Adjusted diluted EPS rose about 215% to $2.11 from 67 cents, exceeding the analyst consensus estimate of $1.73.</p>\n<p>For the fiscal fourth quarter, Ciena expects revenue of $1.7 billion to $1.8 billion, compared with the analyst estimate of $1.702 billion. Ciena raised its fiscal 2026 revenue outlook to $6.37 billion-$6.47 billion from $6.2 billion-$6.4 billion. The new range compares with the analyst consensus estimate of $6.336 billion.</p>\n<p>“Today’s outstanding financial performance demonstrates Ciena’s leadership in providing industry-leading, high-speed connectivity solutions as AI continues to drive compounding waves of network investment,” said Gary Smith, president and CEO, Ciena. “As the only pure-play optical systems and interconnects provider, Ciena’s unmatched combination of incumbency, technology innovation, and deep expertise gives us a powerful competitive edge.”</p>\n<p>Ciena shares rose 3.2% to trade at $326.50 on Friday.</p>\n<p>These analysts made changes to their price targets on Ciena following earnings announcement.</p>\n<ul>\n<li>Rosenblatt analyst Mike Genovese maintained the stock with a Buy and lowered the price target from $720 to $525.</li>\n<li>Barclays analyst Tim Long maintained the stock with an Overweight rating and cut the price target from $607 to $475.</li>\n<li>TD Cowen analyst Sean O’Loughlin maintained the stock with a Buy and lowered the price target from $575 to $400.</li>\n</ul>\n<p><strong>Considering buying CIEN stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"286\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/04094629/image-124-1024x286.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/04094629/image-124-1024x286.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/04094629/image-124-300x84.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/04094629/image-124-768x215.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/04094629/image-124.png 1152w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2357305700.SGD","symbol_name":"Allianz Global Artificial Intelligence ET H2-SGD","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/09/61628451/ciena-analysts-slash-their-forecasts-after-q3-earnings","article_id":"2664335862","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2664335862","pubTimestamp":1788530224,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Ciena beats Q3 estimates, raises FY2026 revenue outlook; shares gain 3.2%, while analysts cut price targets despite bullish ratings.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1548497426.USD":"安联环球人工智能AT Acc","LU0205193047.USD":"SCHRODER ISF US SMALL & MID-CAP EQUITY \"A\" (USD)  ACC","LU0205194284.USD":"SCHRODER ISF US SMALL & MID-CAP EQUITY \"A\" (USD) INC AV","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","CIEN":"Ciena科技","LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","LU0012050646.USD":"SCHRODER ISF US SMALLER COMPANIES IMPACT \"A\" (USD) INC AV","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","LU0240877869.USD":"SCHRODER ISF GLOBAL SMALL COMPANIES \"A\" ACC","BK4020":"通信设备","CIEG":"Leverage Shares 2X Long CIEN Daily ETF","LU0106261612.USD":"SCHRODER ISF US SMALLER COMPANIES IMPACT \"A\" ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","CIEX":"Tradr 2X Long CIEN Daily ETF","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","FOTO":"TUTTLE CAPITAL PURE PLAY PHOTONICS ETF","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","XTL":"SPDR标普电信ETF基金","LU0963586101.USD":"ALLIANZ GLOBAL SMALL CAP EQUITY \"AT\" ACC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0240878834.USD":"SCHRODER ISF GLOBAL SMALL COMPANIES \"A\" (USD) INC AV","BK4515":"5G概念"},"translate_title":"Ciena 分析师在第三季度财报公布后下调预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XTL":0.6,"CIEX":0.6,"FOTO":0.6,"CIEN":1,"CIEG":0.6},"content_text":"Ciena Corp. (NYSE:CIEN) on Thursday reported better-than-expected earnings for its fiscal third quarter.\nRevenue rose 37% year over year to $1.671 billion from $1.219 billion, beating the analyst consensus estimate of $1.633 billion. Adjusted diluted EPS rose about 215% to $2.11 from 67 cents, exceeding the analyst consensus estimate of $1.73.\nFor the fiscal fourth quarter, Ciena expects revenue of $1.7 billion to $1.8 billion, compared with the analyst estimate of $1.702 billion. Ciena raised its fiscal 2026 revenue outlook to $6.37 billion-$6.47 billion from $6.2 billion-$6.4 billion. The new range compares with the analyst consensus estimate of $6.336 billion.\n「Today’s outstanding financial performance demonstrates Ciena’s leadership in providing industry-leading, high-speed connectivity solutions as AI continues to drive compounding waves of network investment,」 said Gary Smith, president and CEO, Ciena. 「As the only pure-play optical systems and interconnects provider, Ciena’s unmatched combination of incumbency, technology innovation, and deep expertise gives us a powerful competitive edge.」\nCiena shares rose 3.2% to trade at $326.50 on Friday.\nThese analysts made changes to their price targets on Ciena following earnings announcement.\n\nRosenblatt analyst Mike Genovese maintained the stock with a Buy and lowered the price target from $720 to $525.\nBarclays analyst Tim Long maintained the stock with an Overweight rating and cut the price target from $607 to $475.\nTD Cowen analyst Sean O’Loughlin maintained the stock with a Buy and lowered the price target from $575 to $400.\n\nConsidering buying CIEN stock? Here’s what analysts think:\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport,express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}