Dimensional Fund Advisors LP Cuts Stake in Ciena Corporation $CIEN

Dimensional Fund Advisors LP reduced its position in shares of Ciena Corporation (NYSE:CIEN) by 8.6% in the first quarter, Holdings Channel reports. The firm owned 2,377,478 shares of the communications equipment provider’s stock after selling 225,053 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Ciena were worth $143,671,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CIEN. Orion Capital Management LLC purchased a new stake in shares of Ciena during the fourth quarter valued at approximately $42,000. Bessemer Group Inc. raised its holdings in Ciena by 50.0% in the 1st quarter. Bessemer Group Inc. now owns 534 shares of the communications equipment provider’s stock worth $32,000 after acquiring an additional 178 shares during the last quarter. Bayforest Capital Ltd lifted its position in Ciena by 34.7% in the 1st quarter. Bayforest Capital Ltd now owns 636 shares of the communications equipment provider’s stock valued at $38,000 after acquiring an additional 164 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Ciena by 66.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 640 shares of the communications equipment provider’s stock valued at $39,000 after acquiring an additional 256 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in Ciena by 9,162.5% during the 1st quarter. AdvisorNet Financial Inc now owns 741 shares of the communications equipment provider’s stock valued at $45,000 after purchasing an additional 733 shares during the last quarter. Institutional investors own 91.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CIEN. Wall Street Zen upgraded Ciena from a “hold” rating to a “buy” rating in a research note on Saturday, July 5th. Rosenblatt Securities boosted their target price on Ciena from $65.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 3rd. UBS Group upped their target price on shares of Ciena from $73.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, June 6th. B. Riley reiterated a “buy” rating and issued a $90.00 price target (up from $89.00) on shares of Ciena in a research note on Friday, June 6th. Finally, Evercore ISI reissued a “mixed” rating on shares of Ciena in a report on Friday, June 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.54.

Insider Buying and Selling at Ciena

In other Ciena news, SVP Jason Phipps sold 2,325 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $80.50, for a total transaction of $187,162.50. Following the completion of the sale, the senior vice president owned 84,833 shares of the company’s stock, valued at approximately $6,829,056.50. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary B. Smith sold 6,800 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $90.54, for a total value of $615,672.00. Following the completion of the sale, the chief executive officer owned 311,957 shares of the company’s stock, valued at approximately $28,244,586.78. The trade was a 2.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,969 shares of company stock worth $2,694,781. 0.93% of the stock is currently owned by insiders.

Ciena Price Performance

NYSE CIEN opened at $86.5670 on Thursday. The company has a 50-day moving average price of $84.43 and a 200-day moving average price of $76.75. Ciena Corporation has a 52 week low of $49.21 and a 52 week high of $101.44. The company has a quick ratio of 2.57, a current ratio of 3.40 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $12.24 billion, a P/E ratio of 120.23, a PEG ratio of 1.99 and a beta of 1.11.

Ciena (NYSE:CIEN) last posted its quarterly earnings data on Thursday, June 5th. The communications equipment provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.08). Ciena had a return on equity of 5.08% and a net margin of 2.46%.The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the business posted $0.27 EPS. The business’s quarterly revenue was up 23.6% compared to the same quarter last year. Ciena has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Ciena Corporation will post 1.6 earnings per share for the current year.

Ciena Company Profile

Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company’s Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services.