1,648 Shares in Ciena Corporation $CIEN Bought by Formuepleje A S

Formuepleje A S bought a new position in shares of Ciena Corporation (NYSE:CIEN) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 1,648 shares of the communications equipment provider’s stock, valued at approximately $808,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Markowski Investments bought a new stake in shares of Ciena in the second quarter valued at about $28,000. Carolina Wealth Advisors LLC grew its holdings in shares of Ciena by 57.8% during the second quarter. Carolina Wealth Advisors LLC now owns 71 shares of the communications equipment provider’s stock worth $35,000 after buying an additional 26 shares in the last quarter. Asset Dedication LLC raised its position in Ciena by 2,100.0% in the 1st quarter. Asset Dedication LLC now owns 88 shares of the communications equipment provider’s stock valued at $34,000 after buying an additional 84 shares during the last quarter. Bogart Wealth LLC raised its position in Ciena by 635.7% in the 1st quarter. Bogart Wealth LLC now owns 103 shares of the communications equipment provider’s stock valued at $40,000 after buying an additional 89 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its stake in Ciena by 71.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 106 shares of the communications equipment provider’s stock valued at $25,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.

Insider Activity

In other Ciena news, CEO Gary B. Smith sold 2,952 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $362.90, for a total value of $1,071,280.80. Following the transaction, the chief executive officer directly owned 243,078 shares in the company, valued at $88,213,006.20. The trade was a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Cumello sold 1,586 shares of the stock in a transaction dated 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 $19,992,499.76. The trade was a 3.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 25,422 shares of company stock valued at $11,038,802. 0.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CIEN. Barclays reduced their price target on Ciena from $607.00 to $475.00 and set an “overweight” rating for the company in a research report on Friday. JPMorgan Chase & Co. reduced their target price on shares of Ciena from $635.00 to $605.00 and set an “overweight” rating for the company in a report on Friday. Argus set a $650.00 target price on shares of Ciena in a research report on Friday, June 5th. TD Cowen lowered their price target on shares of Ciena from $575.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday. Finally, B. Riley Financial cut their price target on shares of Ciena from $516.00 to $413.00 and set a “neutral” rating on the stock in a research report on Monday, August 31st. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Ciena has a consensus rating of “Moderate Buy” and a consensus price target of $480.95.

Ciena News Summary

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Ciena reported fiscal third-quarter adjusted EPS of $2.11 versus the $1.73 consensus estimate, while revenue rose 37% year over year to $1.67 billion, topping expectations. The earnings beat was driven by strong optical networking demand from cloud and AI data-center customers. Ciena Q3 earnings beat
• Positive Sentiment: Management raised fiscal 2026 revenue guidance to $6.4 billion-$6.5 billion, above the roughly $6.3 billion consensus range, and projected fourth-quarter revenue of $1.7 billion-$1.8 billion. Ciena also expects at least 30% revenue growth in fiscal 2027, supported by a backlog exceeding $10 billion and a 25%-27% operating-margin outlook. Ciena fiscal 2027 outlook
• Positive Sentiment: Analysts and financial media continue to identify Ciena as a major beneficiary of a multiyear AI-related optical infrastructure investment cycle, with demand from cloud providers helping support growth beyond the current quarter. Ciena AI optical infrastructure demand
• Neutral Sentiment: Supply availability is the main constraint on converting Ciena’s strong demand and backlog into revenue during fiscal 2027. This supports pricing and visibility but may limit near-term upside if component shortages persist. Ciena supply constraints
• Negative Sentiment: Several firms lowered price targets after the report despite retaining positive ratings: JPMorgan reduced its target to $605, while TD Cowen, Rosenblatt and Needham also cut targets. The revisions reflect concerns that Ciena’s valuation and in-line quarterly guidance already discount much of the AI growth opportunity. Analysts lower Ciena price targets
• Negative Sentiment: At an elevated earnings multiple, investors may demand continued upside surprises. A CEO sale of 2,952 shares worth about $1.07 million adds modest pressure, although it was executed under a pre-arranged Rule 10b5-1 plan. Ciena CEO insider sale

Ciena Stock Up 0.2%

Shares of CIEN stock opened at $321.52 on Monday. Ciena Corporation has a 52-week low of $113.66 and a 52-week high of $637.51. The stock has a market cap of $45.59 billion, a price-to-earnings ratio of 71.77 and a beta of 1.30. The firm’s 50-day moving average is $403.61 and its 200-day moving average is $438.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.17 and a current ratio of 3.80.

Ciena (NYSE:CIEN) last announced its quarterly earnings results on Thursday, September 3rd. The communications equipment provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.38. Ciena had a return on equity of 25.33% and a net margin of 10.87%.The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. The business’s revenue was up 37.0% compared to the same quarter last year. Sell-side analysts predict that Ciena Corporation will post 5.37 EPS for the current year.

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.