Fintel reports that on September 5, 2025, B. Riley Securities downgraded their outlook for Ciena (NYSE:CIEN) from Buy to Neutral.

Analyst Price Forecast Suggests 24.58% Downside

As of September 2, 2025, the average one-year price target for Ciena is $88.18/share. The forecasts range from a low of $66.66 to a high of $110.25. The average price target represents a decrease of 24.58% from its latest reported closing price of $116.92 / share.

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The projected annual revenue for Ciena is 5,084MM, an increase of 11.94%. The projected annual non-GAAP EPS is 4.14.

What is the Fund Sentiment?

There are 1,120 funds or institutions reporting positions in Ciena. This is an increase of 20 owner(s) or 1.82% in the last quarter. Average portfolio weight of all funds dedicated to CIEN is 0.30%, an increase of 14.80%. Total shares owned by institutions increased in the last three months by 2.39% to 165,983K shares. The put/call ratio of CIEN is 0.60, indicating a bullish outlook.

What are Other Shareholders Doing?

FDGRX - Fidelity Growth Company Fund holds 6,090K shares representing 4.31% ownership of the company. In its prior filing, the firm reported owning 5,386K shares , representing an increase of 11.56%. The firm increased its portfolio allocation in CIEN by 15.00% over the last quarter.

Jpmorgan Chase holds 5,243K shares representing 3.71% ownership of the company. In its prior filing, the firm reported owning 4,836K shares , representing an increase of 7.77%. The firm increased its portfolio allocation in CIEN by 30.68% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 4,630K shares representing 3.28% ownership of the company. In its prior filing, the firm reported owning 4,634K shares , representing a decrease of 0.08%. The firm increased its portfolio allocation in CIEN by 26.78% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,585K shares representing 3.24% ownership of the company. In its prior filing, the firm reported owning 4,485K shares , representing an increase of 2.18%. The firm increased its portfolio allocation in CIEN by 22.75% over the last quarter.

Barrow Hanley Mewhinney & Strauss holds 4,253K shares representing 3.01% ownership of the company. In its prior filing, the firm reported owning 3,796K shares , representing an increase of 10.74%. The firm decreased its portfolio allocation in CIEN by 20.52% over the last quarter.