Ciena Corp (NYSE:CIEN) is scheduled to report its fiscal second quarter earnings before the opening bell on Thursday, June 4.

Analysts expect the Hanover, Maryland-based company to post its EPS at $1.46, representing year-on-year growth of over 247%, on revenue of $1.5 billion, up more than 33% from the year-ago quarter.

Ciena Corp has announced in late May that its WaveLOogic optical platform had been deployed by Biznet in Indonesia to power the Biznet's 400G digital infrastructure upgrade on BNCS-1 to strengthen its submarine cable network capacity. Ciena Corp is also supplying technology for the new Network-as-a-Service offering by Cirion Technologies in Latin America.

Shares of Ciena Corp fell 1.06% to close at $620.37 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 while raising the price target from $283 to $531 on June 2, 2026. This analyst has an accuracy rate of 82%.
  • BoFA analyst Tal Liani reiterated a Buy rating on the stock while increasing the price target from $550 to $660 on May 26, 2026. This analyst has an accuracy rate of 78%.
  • Citigroup analyst Atif Malik reaffirmed a Buy rating on Ciena Corp while raising the price target from $345 to $658 on May 18, 2026. This analyst has an accuracy rate of 87%.
  • TD Cowen analyst Joshua Buchalter maintained the stock at Buy while raising the price target from $425 to $675 on May 15, 2026. This analyst has an accuracy rate of 75%.
  • Stifel analyst Ruben Roy maintained a Buy rating on the stock while increasing the price target from $430 to $585 on May 5, 2026. This analyst has an accuracy rate of 91%.

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