Morgan Stanley has upgraded Ciena Corp (CIEN) to Equal-Weight from Underweight as of October 9, 2025. This decision reflects a more optimistic view of the company's prospects amid improving fundamentals and business performance. The current share price stands at $168.78.
Ciena Corp, headquartered in Hanover, Maryland, is a network technology company that provides hardware, software, and services to network operators. The firm operates across several segments, including Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. With a market capitalisation of $26.6 billion, the company has a trailing P/E ratio of 189.02 and earnings per share (EPS) of 0.97.
Upcoming earnings reports are scheduled for March 9, 2026, and June 3, 2026, with estimated EPS of $0.83 and $1.01, respectively. Recent earnings performance has shown a mixed trend, with notable surprises in Q3 2025, where EPS was $0.67 against an estimate of $0.54, marking a 24.8% positive surprise.
Analyst consensus indicates a predominantly positive outlook, with 7 Strong Buy, 12 Buy, and 5 Hold ratings. This upgrade from Morgan Stanley adds to a series of recent analyst actions, which include upgrades from Rosenblatt and maintained ratings from Stifel and B of A Securities.
Analyst ratings are based on research and financial models and should be considered alongside various factors such as company fundamentals and market trends. Ratings can change as new information arises, reflecting the dynamic nature of market conditions.