
Ciena (CIEN) Stock Forecast & Price Target
Ciena (CIEN) Analyst Ratings
Bulls say
Ciena's financial performance demonstrates robust growth, with total revenue reaching $1.35 billion in Q4 2025, reflecting an 11% increase quarter-over-quarter and a 20% increase year-over-year, fueled primarily by strong demand for RLS optical products and routers and switches. The company's operating margin improved to 13.2%, a substantial increase of 240 basis points sequentially and 310 basis points year-over-year, surpassing estimates despite increased incentive compensation tied to strong orders. Additionally, Ciena's backlog expanded significantly to approximately $5 billion by the end of FY25, up from $2.1 billion in FY24, indicating strong future revenue potential.
Bears say
Ciena's financial outlook appears negative due to anticipated gross margins (GMs) of 42-44%, stagnating operational expenditures of approximately $1.5 billion, and declining operating margins of 15-16% earlier than previously projected. Additionally, the company's cash and cash equivalents slightly decreased from the prior quarter, highlighting potential liquidity concerns amid an unfavorable macroeconomic environment that may negatively impact revenue growth for global carriers. Furthermore, Ciena is facing headwinds from new product introductions and rising input costs, which could further hinder profit margins and revenue growth in the near term.
This aggregate rating is based on analysts' research of Ciena and is not a guaranteed prediction by Public.com or investment advice.
Ciena (CIEN) Analyst Forecast & Price Prediction
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