Engineers Gate Manager LP Has $6.69 Million Stock Holdings in Ciena Corporation $CIEN

Engineers Gate Manager LP grew its holdings in shares of Ciena Corporation (NYSE:CIEN) by 113.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,642 shares of the communications equipment provider’s stock after purchasing an additional 7,244 shares during the quarter. Engineers Gate Manager LP’s holdings in Ciena were worth $6,692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. California State Teachers Retirement System lifted its holdings in shares of Ciena by 49,854.1% during the second quarter. California State Teachers Retirement System now owns 104,748,296 shares of the communications equipment provider’s stock worth $51,385,324,000 after buying an additional 104,538,607 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in Ciena during the fourth quarter valued at approximately $2,747,810,000. State Street Corp grew its position in Ciena by 17.2% in the fourth quarter. State Street Corp now owns 5,102,409 shares of the communications equipment provider’s stock valued at $1,193,300,000 after acquiring an additional 750,128 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Ciena by 53.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,051,625 shares of the communications equipment provider’s stock worth $947,554,000 after buying an additional 1,404,132 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Ciena by 10.4% in the 2nd 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 purchasing an additional 329,821 shares during the last quarter. 91.99% of the stock is owned by institutional investors.

Insider Activity at Ciena

In other Ciena news, CEO Gary Smith sold 2,952 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $362.90, for a total value of $1,071,280.80. Following the completion of the transaction, the chief executive officer owned 243,078 shares in the company, valued at $88,213,006.20. This trade represents a 1.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brodie Gage sold 1,200 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $466.10, for a total transaction of $559,320.00. Following the transaction, the senior vice president owned 42,741 shares of the company’s stock, valued at $19,921,580.10. This trade represents a 2.73% 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 ninety days, insiders sold 25,422 shares of company stock worth $11,038,802. 0.58% of the stock is owned by company insiders.

Ciena Price Performance

Ciena stock opened at $348.98 on Friday. The stock’s 50 day moving average is $391.79 and its 200 day moving average is $438.11. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.80 and a quick ratio of 3.17. Ciena Corporation has a one year low of $130.13 and a one year high of $637.51. The firm has a market cap of $49.49 billion, a P/E ratio of 77.90 and a beta of 1.30.

Ciena (NYSE:CIEN) last released its earnings results on Thursday, September 3rd. The communications equipment provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.38. Ciena had a net margin of 10.87% and a return on equity of 25.33%. The company 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 company earned $0.35 EPS. Ciena’s quarterly revenue was up 37.0% compared to the same quarter last year. As a group, research analysts expect that Ciena Corporation will post 5.95 EPS for the current year.

Ciena News Roundup

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Ciena is targeting at least 30% fiscal 2027 revenue growth, supported by AI networking demand and a backlog expected to exceed $10 billion. This outlook is helping restore confidence in the company’s longer-term growth prospects. Ciena’s 2027 Growth Guide Raises the Stakes for AI Optical Demand
• Positive Sentiment: Zacks Research upgraded Ciena to “strong buy,” while Northland Securities maintained an “outperform” rating and raised its EPS estimates for fiscal 2026, fiscal 2027 and the fourth quarter. Northland’s price target remains $500, well above the current trading level.
• Positive Sentiment: Analysts continue to point to record results, strong optical demand and a substantial backlog as evidence that Ciena could benefit from data-center and AI infrastructure spending. Can Ciena Sustain Its Strong Growth Amid Rising Optical Demand?
• Neutral Sentiment: Ciena’s rebound is occurring alongside gains in Arista Networks and Cisco, but reports identify no new earnings release, contract award or company-specific announcement explaining the broader networking-stock move. Ciena Climbs 5% as Post-Earnings Selloff Reverses
• Negative Sentiment: Supply constraints could delay conversion of Ciena’s backlog into revenue, while customer concentration and dependence on cloud and AI spending increase execution risk. The stock’s premium valuation also leaves less room for disappointment. CIEN Falls 15.2% in a Week as AI Growth Faces Persistent Supply Risks

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CIEN shares. Northland Securities raised shares of Ciena from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $450.00 to $500.00 in a research note on Wednesday, August 19th. Needham & Company LLC reduced their price objective on Ciena from $600.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. Raymond James Financial restated an “outperform” rating and issued a $600.00 price target on shares of Ciena in a research note on Thursday, September 3rd. Weiss Ratings lowered Ciena from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Finally, Rosenblatt Securities reduced their target price on shares of Ciena from $720.00 to $525.00 and set a “buy” rating for the company in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $475.68.

About Ciena

Ciena Corporation (NYSE: CIEN) is a networking technology company that provides hardware, software and services for communications networks. Its solutions help service providers, cloud companies, enterprises and government organizations build, manage and automate high-capacity networks that support broadband, cloud computing, data center interconnection and other digital services.

The company’s product portfolio includes optical networking systems, coherent optical technology, routers, switches, network control and automation software, and network management tools.