Ciena Corporation $CIEN Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its stake in shares of Ciena Corporation (NYSE:CIEN) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and 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 quarter. Commonwealth Equity Services LLC’s holdings in Ciena were worth $4,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Community Bank N.A. purchased a new stake in Ciena in the third quarter valued at $25,000. Assetmark Inc. lifted its position in Ciena by 50.4% in the third 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 last quarter. Ameritas Advisory Services LLC lifted its position in 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 acquiring an additional 104 shares during the last quarter. Hilltop National Bank purchased a new stake in Ciena in the fourth quarter valued at $35,000. Finally, Clearstead Advisors LLC lifted its position in 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 acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Rosenblatt Securities upped their target price on Ciena from $350.00 to $720.00 and gave the company a “buy” rating in a research report on Friday. Citigroup upped their target price on Ciena from $345.00 to $658.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Raymond James Financial upped their target price on Ciena from $320.00 to $530.00 and gave the company an “outperform” rating in a research report on Thursday. Evercore set a $330.00 target price on shares of Ciena in a research report on Thursday, February 19th. Finally, B. Riley Financial raised their target price on shares of Ciena from $283.00 to $531.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $530.56.

Key Headlines Impacting Ciena

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 Trading Up 0.2%

NYSE CIEN opened at $489.24 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.11 and a current ratio of 2.73. The firm has a market cap of $69.25 billion, a PE ratio of 163.08 and a beta of 1.24. Ciena Corporation has a one year low of $70.85 and a one year high of $637.51. The firm’s fifty day moving average is $516.11 and its two-hundred day moving average is $355.71.

Ciena (NYSE:CIEN) last posted its quarterly earnings data on Thursday, June 4th. The communications equipment provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.46 by $0.18. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. Ciena had a return on equity of 18.15% and a net margin of 7.87%.The firm’s revenue was up 39.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. Analysts expect that Ciena Corporation will post 5.14 earnings per share for the current year.

Insider Buying and Selling at Ciena

In other Ciena news, SVP Jason Phipps sold 22,014 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $409.80, for a total transaction of $9,021,337.20. Following the completion of the sale, the senior vice president directly owned 68 shares of the company’s stock, valued at $27,866.40. This represents a 99.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brodie Gage sold 1,200 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $570.65, for a total value of $684,780.00. Following the sale, the senior vice president directly owned 43,941 shares of the company’s stock, valued at approximately $25,074,931.65. This represents a 2.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,174 shares of company stock valued at $19,502,359 in the last ninety days. Insiders own 0.58% of the company’s stock.

About Ciena

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.