Ciena (NYSE:CIEN) Shares Acquired Rep. Gilbert Ray Cisneros, Jr.

Posted by Anthony Miller on Jun 10th, 2026

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Ciena Corporation (NYSE:CIEN). In a filing disclosed on June 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Ciena stock on May 14th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.

Ciena Stock Down 0.6%

Shares of NYSE:CIEN traded down $2.76 during midday trading on Wednesday, hitting $436.59. 3,859,298 shares of the stock were exchanged, compared to its average volume of 2,862,125. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.11 and a current ratio of 2.73. Ciena Corporation has a 52-week low of $71.52 and a 52-week high of $637.51. The business’s fifty day simple moving average is $519.78 and its two-hundred day simple moving average is $361.26. The company has a market capitalization of $61.80 billion, a PE ratio of 145.53 and a beta of 1.24.

Ciena (NYSE:CIEN – Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.18. Ciena had a return on equity of 18.15% and a net margin of 7.87%.The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $0.42 earnings per share. Ciena’s quarterly revenue was up 39.5% compared to the same quarter last year. As a group, research analysts predict that Ciena Corporation will post 5.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ciena

Hedge funds and other institutional investors have recently made changes to their positions in the business. KBC Group NV grew its position in shares of Ciena by 11.3% in the fourth quarter. KBC Group NV now owns 31,161 shares of the communications equipment provider’s stock valued at $7,288,000 after purchasing an additional 3,156 shares during the last quarter. FengHe Fund Management Pte. Ltd. grew its position in shares of Ciena by 164.0% in the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 660,988 shares of the communications equipment provider’s stock valued at $154,585,000 after purchasing an additional 410,588 shares during the last quarter. Peak Financial Advisors LLC grew its position in shares of Ciena by 222.7% in the fourth quarter. Peak Financial Advisors LLC now owns 11,596 shares of the communications equipment provider’s stock valued at $2,712,000 after purchasing an additional 8,003 shares during the last quarter. DNB Asset Management AS grew its position in shares of Ciena by 1,095.8% in the fourth quarter. DNB Asset Management AS now owns 27,527 shares of the communications equipment provider’s stock valued at $6,438,000 after purchasing an additional 25,225 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Ciena by 53.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 445,359 shares of the communications equipment provider’s stock valued at $104,156,000 after purchasing an additional 155,712 shares during the last quarter. 91.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Rothschild & Co Redburn assumed coverage on Ciena in a report on Friday, May 1st. They set a “neutral” rating and a $416.00 target price on the stock. UBS Group raised their target price on Ciena from $285.00 to $508.00 and gave the company a “neutral” rating in a report on Friday, June 5th. B. Riley Financial raised their target price on Ciena from $283.00 to $531.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. raised their target price on Ciena from $380.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, Stifel Nicolaus set a $615.00 target price on Ciena in a report on Friday, May 29th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ciena has a consensus rating of “Moderate Buy” and a consensus target price of $530.56.

View Our Latest Research Report on CIEN

Key Ciena News

Here are the key news stories impacting Ciena this week:

Positive Sentiment: Ciena continues to benefit from strong AI-driven network demand, with its latest earnings commentary highlighting a larger backlog, better-than-expected results, and raised fiscal 2026 revenue guidance. Article Title
Positive Sentiment: Management’s strong free cash flow profile and rising AI-related demand could support future growth while still leaving room for shareholder returns, although execution remains important. Article Title
Positive Sentiment: A new trial with Colt showed Ciena’s WaveLogic 6 Extreme technology enabling one of the fastest quantum-safe transatlantic data transmissions, reinforcing its position in high-speed, secure optical networking. Article Title
Positive Sentiment: Analysts at Northland Securities raised FY2027 EPS expectations well above current consensus, suggesting bullish long-term earnings potential. Article Title
Neutral Sentiment: Investor commentary tied Ciena to a broader “buy the dip” thesis around AI infrastructure and optical networking names, which may support sentiment but is not company-specific news. Article Title
Negative Sentiment: The $2.5 billion convertible notes deal has been the clearest near-term headwind, as investors worry about potential dilution and the stock selling off after the financing announcement. Article Title
Negative Sentiment: Recent articles also pointed to weakness during a broader tech downturn, which appears to have amplified the decline in Ciena shares. Article Title

Insider Activity

In related news, CEO Gary B. Smith sold 2,952 shares of Ciena stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $565.92, for a total transaction of $1,670,595.84. Following the sale, the chief executive officer directly owned 269,557 shares of the company’s stock, valued at $152,547,697.44. This trade represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jason Phipps sold 22,014 shares of Ciena stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $409.80, for a total value of $9,021,337.20. Following the sale, the senior vice president directly owned 68 shares in the company, valued at approximately $27,866.40. This trade represents a 99.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 44,174 shares of company stock valued at $19,502,359. 0.58% of the stock is owned by insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Ciena Company Profile

(Get Free Report)

Ciena Corporation (NYSE: CIEN) is a global supplier of telecommunications networking equipment, software and services. The company develops high-capacity optical transport systems and packet-optical platforms that enable service providers, cloud operators and large enterprises to build, manage and scale their networks. Ciena’s product portfolio includes coherent optical solutions, packet networking platforms and a suite of network automation software designed to optimize bandwidth, reduce latency and simplify network operations.

In addition to hardware offerings, Ciena provides professional services and support, including network design, implementation and ongoing maintenance.