1,932 Shares in Ciena Corporation $CIEN Bought by Compass Financial Management LLC

Compass Financial Management LLC bought a new stake in shares of Ciena Corporation (NYSE:CIEN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,932 shares of the communications equipment provider’s stock, valued at approximately $946,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its holdings in 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 acquiring an additional 155,712 shares during the period. FengHe Fund Management Pte. Ltd. grew its stake in shares of Ciena by 164.0% during the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 660,988 shares of the communications equipment provider’s stock worth $154,585,000 after purchasing an additional 410,588 shares during the period. TKG Advisors LLC acquired a new stake in shares of Ciena during the 1st quarter worth approximately $3,244,000. Swiss National Bank increased its holdings in shares of Ciena by 7.0% during the 1st quarter. Swiss National Bank now owns 413,332 shares of the communications equipment provider’s stock valued at $160,468,000 after purchasing an additional 26,900 shares in the last quarter. Finally, DNB Asset Management AS increased its holdings in shares of Ciena by 1,095.8% during the 4th 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 in the last quarter. 91.99% of the stock is owned by hedge funds and other institutional investors.

Ciena Stock Up 0.3%

Ciena stock opened at $396.94 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.73 and a quick ratio of 2.11. The stock has a market capitalization of $56.19 billion, a PE ratio of 132.31 and a beta of 1.30. The business has a 50 day simple moving average of $420.68 and a 200-day simple moving average of $432.35. Ciena Corporation has a 12 month low of $87.25 and a 12 month high of $637.51.

Ciena (NYSE:CIEN) last announced its earnings results on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.18. Ciena had a return on equity of 18.15% and a net margin of 7.87%.The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $0.42 EPS. The business’s revenue was up 39.5% on a year-over-year basis. On average, analysts anticipate that Ciena Corporation will post 5.4 EPS for the current fiscal year.

Insider Activity at Ciena

In other Ciena news, SVP Joseph Cumello sold 1,586 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $466.33, for a total transaction of $739,599.38. Following the completion of the transaction, the senior vice president directly owned 42,872 shares in the company, valued at approximately $19,992,499.76. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary B. Smith sold 2,952 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $457.02, for a total transaction of $1,349,123.04. Following the transaction, the chief executive officer directly owned 266,605 shares in the company, valued at approximately $121,843,817.10. The trade was a 1.10% 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. Insiders sold a total of 25,422 shares of company stock valued at $11,638,117 in the last three months. Company insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CIEN. Weiss Ratings raised shares of Ciena from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research cut shares of Ciena from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Northland Securities upgraded shares of Ciena from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $450.00 to $500.00 in a research report on Wednesday, August 19th. Morgan Stanley upped their price objective on shares of Ciena from $405.00 to $490.00 and gave the stock an “equal weight” rating in a research report on Friday, June 5th. Finally, TD Cowen lowered their target price on shares of Ciena from $675.00 to $575.00 and set a “buy” rating on the stock in a research note on Tuesday, August 18th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $527.78.

Trending Headlines about Ciena

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: New Indonesia-Singapore network win: ION Network selected Ciena’s optical technology, including its WL6e solution, for the ICS1 submarine cable system connecting Indonesia and Singapore. The network is designed to provide up to 288 Tb/s of capacity, supporting rising data-center, cloud and digital-economy traffic. ION Network deploys Ciena gear for ICS1 connecting Indonesia and Singapore
• Positive Sentiment: Additional international deployment: UAE telecom operator e& unveiled a future-ready DWDM network powered by Ciena. The project reinforces Ciena’s role in high-capacity, long-haul connectivity and could support continued international bookings. e& UAE unveils future-ready DWDM network powered by Ciena
• Positive Sentiment: AI infrastructure tailwinds: Analysts and market commentators highlighted Ciena’s approximately $7.7 billion backlog and argued that optical networks may become a critical bottleneck as AI systems expand. This supports the view that AI-driven bandwidth demand can extend Ciena’s growth runway. Ciena’s Massive AI Tailwind: Optical Networks Are Now Critical
• Positive Sentiment: Analyst upgrade: Northland Securities upgraded Ciena to Outperform, providing an additional favorable signal for investor sentiment. Northland Securities Upgrades Ciena to Outperform
• Neutral Sentiment: Comparisons with Coherent and broader commentary on optical-networking stocks point to strong AI demand, but also emphasize capacity constraints, differing growth rates and valuation risks. Ciena vs. Coherent: Which AI Optical Networking Stock is a Better Buy?
• Negative Sentiment: Price-target pressure: TD Cowen lowered its expectations for Ciena’s stock price, tempering the bullish impact of the new contracts and AI narrative. Ciena’s high earnings multiple also leaves the stock sensitive to any slowdown in growth or execution. TD Cowen Has Lowered Expectations for Ciena Stock Price

Ciena Company Profile

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.