Ciena Corporation (NYSE:CIEN) will release its third quarter earnings report before the opening bell on Thursday, Sept. 3.
Analysts expect the Hanover, Maryland-based company to report quarterly earnings of $1.73 per share, up from 67 cents per share in the year-ago period. The consensus estimate for Ciena’s quarterly revenue is $1.64 billion. It reported $1.22 billion last year, according to Benzinga Pro.
On June 8, Ciena announced a proposed offering of $2 billion of convertible senior notes.
Shares of Ciena fell 1.8% to close at $354.16 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- B. Riley Securities analyst Dave Kang maintained a Neutral rating and cut the price target from $516 to $413 on Aug. 31, 2026. This analyst has an accuracy rate of 81%.
- Needham analyst Ryan Koontz maintained a Buy rating with a price target of $600 on Aug. 26, 2026. This analyst has an accuracy rate of 80%.
- Rosenblatt analyst Mike Genovese maintained a Buy rating with a price target of $720 on Aug. 24, 2026. This analyst has an accuracy rate of 84%.
- Northland Capital Markets analyst Tim Savageaux upgraded the stock from Market Perform to Outperform and boosted the price target from $450 to $500 on Aug. 19, 2026. This analyst has an accuracy rate of 82%.
- TD Cowen analyst Joshua Buchalter maintained a Buy rating and cut the price target from $675 to $575 on Aug. 18, 2026. This analyst has an accuracy rate of 55%.
Considering buying CIEN stock? Here’s what analysts think:
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