Perpetual Ltd Lowers Stock Position in Ciena Corporation $CIEN

Perpetual Ltd lessened its holdings in shares of Ciena Corporation (NYSE:CIEN) by 38.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,875 shares of the communications equipment provider’s stock after selling 95,414 shares during the period. Perpetual Ltd owned 0.11% of Ciena worth $22,561,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in Ciena by 2.3% during the third quarter. GAMMA Investing LLC now owns 4,071 shares of the communications equipment provider’s stock worth $593,000 after acquiring an additional 92 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Ciena by 4.5% in the 3rd quarter. Wedmont Private Capital now owns 2,981 shares of the communications equipment provider’s stock worth $452,000 after purchasing an additional 129 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Ciena by 2.9% in the 2nd quarter. Coldstream Capital Management Inc. now owns 4,693 shares of the communications equipment provider’s stock worth $382,000 after purchasing an additional 132 shares in the last quarter. Bayforest Capital Ltd increased its position in Ciena by 34.7% during the 1st quarter. Bayforest Capital Ltd now owns 636 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 164 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its position in Ciena by 2.3% during the 2nd quarter. Rafferty Asset Management LLC now owns 8,353 shares of the communications equipment provider’s stock valued at $679,000 after buying an additional 185 shares in the last quarter. 91.99% of the stock is currently owned by institutional investors.

Ciena Stock Performance

Shares of CIEN stock opened at $230.42 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.73 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average price of $194.17 and a 200-day moving average price of $133.11. Ciena Corporation has a 52 week low of $49.21 and a 52 week high of $248.00. The firm has a market capitalization of $32.45 billion, a PE ratio of 271.09, a P/E/G ratio of 1.23 and a beta of 1.17.

Ciena (NYSE:CIEN) last issued its earnings results on Thursday, December 11th. The communications equipment provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.15. Ciena had a net margin of 2.59% and a return on equity of 8.38%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, equities research analysts expect that Ciena Corporation will post 1.6 earnings per share for the current year.

Insider Transactions at Ciena

In other Ciena news, Director Bruce L. Claflin sold 8,461 shares of the business’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $140.12, for a total transaction of $1,185,555.32. Following the completion of the sale, the director directly owned 54,624 shares in the company, valued at $7,653,914.88. The trade was a 13.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas Michael Nevens sold 8,554 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $224.66, for a total transaction of $1,921,741.64. Following the sale, the director directly owned 9,422 shares of the company’s stock, valued at $2,116,746.52. The trade was a 47.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 55,873 shares of company stock worth $10,062,655. Company insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on CIEN shares. JPMorgan Chase & Co. boosted their target price on Ciena from $215.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Morgan Stanley set a $213.00 price objective on shares of Ciena in a research report on Wednesday. Citigroup raised their price objective on shares of Ciena to $280.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Bank of America upped their target price on shares of Ciena from $200.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, Northland Securities set a $190.00 price target on shares of Ciena and gave the company a “market perform” rating in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $237.50.

Ciena News Summary

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: AI/data‑center demand — Technical writeups highlight that AI‑ready data centers are increasingly dependent on coherent optics for high‑bandwidth links, a direct end‑market tailwind for Ciena’s optical transport products. Why the expansion of AI-ready data center networks depends increasingly on coherent optics
• Positive Sentiment: Analyst momentum & earnings beat — Wall‑street research notes and coverage summaries point to upgraded price targets and “buy/overweight” calls after Ciena’s recent quarter (beat on revenue and EPS) and upbeat guidance; big firms (Barclays, JPMorgan, Needham, BofA among others) lifted targets, supporting the rally. Ciena Rebounds: AI and Strong Guidance Drive Post-Earnings Surge
• Positive Sentiment: Institutional buying — Filings show large new and expanded positions from hedge funds and institutions (Lone Pine, JPMorgan additions, Arrowstreet, etc.), signalling conviction from allocators and supporting upward price pressure. Ciena Rebounds: AI and Strong Guidance Drive Post-Earnings Surge
• Neutral Sentiment: Bullish commentaries — Several independent bull‑case pieces summarize reasons to own CIEN (market position in optical, recurring software/services revenue). Useful for background but are opinion‑driven. Ciena Corporation (CIEN): A Bull Case Theory
• Neutral Sentiment: Options/promotional pieces — A Zacks options strategy article touts a possible 30% spread return tied to CIEN moves; this is a trade idea rather than company fundamentals and can amplify short‑term volume but doesn’t change fundamentals. Weekly Option Windfall: AI Communications Giant Flexes 30% Profit Potential
• Negative Sentiment: Insider sales — Multiple disclosures show senior insiders selling shares recently (Director Thomas Nevens sold ~8,554 shares; SVP Jason Phipps sold ~1,984 shares). While sales can be routine diversification, such filings can temper sentiment when they coincide with a rally. Ciena (NYSE:CIEN) Director Thomas Michael Nevens Sells 8,554 Shares
• Negative Sentiment: Smaller insider sale (SVP) — Additional filing: SVP Jason Phipps sold 1,984 shares (disclosed), another datapoint investors watch for insider conviction. Insider Selling: Ciena (NYSE:CIEN) SVP Sells 1,984 Shares of Stock

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.