Pacifica Partners Inc. Has $2.99 Million Stake in Ciena Corporation $CIEN

Pacifica Partners Inc. trimmed its position in shares of Ciena Corporation (NYSE:CIEN) by 25.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,130 shares of the communications equipment provider’s stock after selling 4,225 shares during the period. Ciena accounts for 1.3% of Pacifica Partners Inc.’s investment portfolio, making the stock its 24th biggest holding. Pacifica Partners Inc.’s holdings in Ciena were worth $2,985,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Ciena by 0.7% in the second quarter. Vanguard Group Inc. now owns 15,088,445 shares of the communications equipment provider’s stock valued at $1,227,143,000 after purchasing an additional 103,199 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Ciena by 23.3% during the third quarter. JPMorgan Chase & Co. now owns 6,462,840 shares of the communications equipment provider’s stock valued at $941,451,000 after buying an additional 1,219,787 shares in the last quarter. Bank of America Corp DE raised its position in Ciena by 10.4% during the second quarter. Bank of America Corp DE now owns 3,495,795 shares of the communications equipment provider’s stock valued at $284,313,000 after buying an additional 329,821 shares during the period. Lone Pine Capital LLC acquired a new position in Ciena during the third quarter valued at $292,310,000. Finally, Jericho Capital Asset Management L.P. lifted its stake in Ciena by 48.5% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,983,000 shares of the communications equipment provider’s stock worth $288,864,000 after acquiring an additional 648,000 shares in the last quarter. 91.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ciena

In other news, SVP Jason Phipps sold 21,383 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $247.89, for a total transaction of $5,300,631.87. Following the transaction, the senior vice president owned 91,765 shares in the company, valued at $22,747,625.85. This represents a 18.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Joseph Cumello sold 11,929 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $229.82, for a total transaction of $2,741,522.78. Following the transaction, the senior vice president owned 49,475 shares in the company, valued at $11,370,344.50. This represents a 19.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 143,283 shares of company stock worth $34,372,491 in the last ninety days. Insiders own 0.58% of the company’s stock.

Key Headlines Impacting Ciena

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Record subsea demo with Meta validates Ciena’s optical leadership and supports long‑term revenue opportunities from hyperscalers and subsea operators. Ciena and Meta claim record-breaking subsea transmission speed
• Positive Sentiment: Commercial win: TIME dotCom is deploying a 1 Tb/s Pacific route using Ciena gear — a conversion of lab/PR wins into paying customer revenue. TIME dotCom offers 1 Tb/s data transmission across the Pacific with Ciena
• Positive Sentiment: Service‑provider revenue and order momentum tied to MOFN demand underpin the company’s growth narrative and help justify analyst upgrades and higher price targets. Ciena’s Service Provider Revenues Rise on MOFN Tailwinds
• Neutral Sentiment: Analyst coverage has been upgraded and targets raised recently (UBS, Needham, BofA among others), which supports a constructive medium‑term view but also concentrates expectations into the stock price. CIEN price & analyst coverage
• Neutral Sentiment: Industry visibility from conferences (OFC) and media pieces boosts awareness but is informational rather than an immediate revenue driver. Ciena Presents at OFC 2026
• Negative Sentiment: Macro/market selloff: rising rates and a tech‑led pullback (Nasdaq weakness, large cap tech volatility) pushed momentum names lower today and amplified profit‑taking after CIEN’s recent run. Stock market today: Nasdaq feels pain as rates surge; Super Micro craters, Ciena touches a high (live coverage)
• Negative Sentiment: Insider selling: CEO Gary Smith disclosed a ~2,952‑share sale (~$1.06M). Small relative to his holdings but can stoke short‑term caution among some investors. SEC filing: CEO stock sale

Ciena Stock Performance

Shares of CIEN stock opened at $384.29 on Monday. Ciena Corporation has a fifty-two week low of $49.21 and a fifty-two week high of $419.80. The stock’s 50-day moving average is $298.77 and its two-hundred day moving average is $225.46. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.81 and a quick ratio of 2.14. The firm has a market cap of $54.34 billion, a P/E ratio of 244.77, a PEG ratio of 1.47 and a beta of 1.07.

Ciena (NYSE:CIEN) last announced its quarterly earnings results on Thursday, March 5th. The communications equipment provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.18. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Ciena had a return on equity of 12.09% and a net margin of 4.47%.The firm’s revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 EPS. Analysts predict that Ciena Corporation will post 1.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on CIEN. UBS Group raised their price objective on Ciena from $230.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Ciena in a research report on Wednesday, January 21st. TD Cowen initiated coverage on shares of Ciena in a report on Thursday, March 12th. They set a “buy” rating and a $425.00 price target for the company. Bank of America raised shares of Ciena from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $260.00 to $355.00 in a research report on Friday, March 6th. Finally, Northland Securities set a $190.00 price objective on shares of Ciena and gave the company a “market perform” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Ciena presently has a consensus rating of “Moderate Buy” and an average price target of $320.65.

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.