Ciena Corporation $CIEN Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in shares of Ciena Corporation (NYSE:CIEN) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,408 shares of the communications equipment provider’s stock after purchasing an additional 1,754 shares during the period. Commonwealth Equity Services LLC’s holdings in Ciena were worth $4,773,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Community Bank N.A. purchased a new position in Ciena during the 3rd quarter valued at about $25,000. Assetmark Inc. boosted its holdings in Ciena by 50.4% during the 3rd quarter. Assetmark Inc. now owns 200 shares of the communications equipment provider’s stock valued at $29,000 after acquiring an additional 67 shares during the period. Ameritas Advisory Services LLC grew its holdings in shares of Ciena by 104.0% in the third quarter. Ameritas Advisory Services LLC now owns 204 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 104 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Ciena in the fourth quarter valued at approximately $35,000. Finally, Clearstead Advisors LLC grew its holdings in shares of Ciena by 42.5% in the third quarter. Clearstead Advisors LLC now owns 312 shares of the communications equipment provider’s stock valued at $45,000 after purchasing an additional 93 shares in the last quarter. 91.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Gary B. Smith sold 2,952 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $415.51, for a total transaction of $1,226,585.52. Following the completion of the transaction, the chief executive officer owned 281,365 shares in the company, valued at approximately $116,909,971.15. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brodie Gage sold 5,000 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $405.00, for a total value of $2,025,000.00. Following the completion of the transaction, the senior vice president owned 46,341 shares in the company, valued at approximately $18,768,105. The trade was a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 44,174 shares of company stock worth $19,502,359. Corporate insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CIEN. Citigroup lifted their price objective on shares of Ciena from $345.00 to $658.00 and gave the company a “buy” rating in a report on Monday, May 18th. Evercore set a $330.00 price objective on shares of Ciena in a report on Thursday, February 19th. Weiss Ratings raised Ciena from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. TD Cowen upped their price objective on Ciena from $425.00 to $675.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Rothschild & Co Redburn began coverage on Ciena in a research report on Friday, May 1st. They set a “neutral” rating and a $416.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Ciena currently has an average rating of “Moderate Buy” and a consensus target price of $530.56.

Ciena Stock Up 0.2%

Shares of Ciena stock opened at $489.24 on Monday. Ciena Corporation has a 52-week low of $70.85 and a 52-week high of $637.51. The company has a 50 day moving average of $516.11 and a 200 day moving average of $355.71. The company has a quick ratio of 2.11, a current ratio of 2.73 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $69.25 billion, a P/E ratio of 163.08 and a beta of 1.24.

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

Key Ciena News

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Ciena reported Q2 EPS of $1.64 and revenue of $1.57 billion, both above estimates, with revenue up 39.5% year over year as AI-driven networking demand continued to accelerate.
• Positive Sentiment: The company raised its fiscal 2026 revenue outlook to about $6.3 billion and lifted its Q3 revenue guidance, signaling confidence in continued demand and visibility.
• Positive Sentiment: Analysts responded bullishly, with Rosenblatt Securities raising its price target sharply to $720 from $350 and maintaining a buy rating, suggesting substantial upside from current levels. Article Title
• Neutral Sentiment: Management highlighted a $7.7 billion backlog and said supply constraints are being turned into an opportunity, which supports the long-term growth narrative but does not directly explain the near-term stock weakness. Article Title
• Negative Sentiment: Shares sold off because investors were expecting an even larger beat-and-raise result, and some reports noted that orders missed very high expectations, pressuring sentiment in the near term.
• Negative Sentiment: One analyst downgrade from Zacks Research to hold added to the cautious tone, reinforcing the market’s concern that expectations had become too elevated heading into earnings.

Ciena 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.