Trust Asset Management LLC Buys New Position in Ciena Corporation $CIEN

Trust Asset Management LLC purchased a new position in Ciena Corporation (NYSE:CIEN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,565 shares of the communications equipment provider’s stock, valued at approximately $787,000.

A number of other large investors have also recently modified their holdings of CIEN. Transamerica Financial Advisors LLC increased its position in shares of Ciena by 71.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 106 shares of the communications equipment provider’s stock valued at $25,000 after buying an additional 44 shares during the period. Asset Dedication LLC boosted its position in Ciena by 2,100.0% during the 1st quarter. Asset Dedication LLC now owns 88 shares of the communications equipment provider’s stock valued at $34,000 after acquiring an additional 84 shares in the last quarter. Truvestments Capital LLC grew its holdings in shares of Ciena by 45.3% during the 4th quarter. Truvestments Capital LLC now owns 154 shares of the communications equipment provider’s stock worth $36,000 after acquiring an additional 48 shares during the period. Bogart Wealth LLC raised its position in shares of Ciena by 635.7% in the 1st quarter. Bogart Wealth LLC now owns 103 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 89 shares in the last quarter. Finally, Acumen Wealth Advisors LLC purchased a new position in shares of Ciena in the 4th quarter valued at approximately $40,000. Institutional investors own 91.99% of the company’s stock.

More Ciena News

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: A potential U.S. ban on vital Chinese data-center hardware could redirect spending toward Ciena and other North American networking-equipment providers. The Trump Administration Just Gave Ciena Stock a Huge Boost
• Positive Sentiment: AI-related networking demand remains a major growth driver, supporting expectations for continued investment in high-capacity optical and data-center infrastructure. Ciena in Focus as AI Fuels Networking Demand
• Positive Sentiment: e& UAE unveiled a DWDM network powered by Ciena technology, providing evidence of international commercial adoption of its high-speed connectivity solutions. e& UAE Unveils Future-Ready DWDM Network
• Positive Sentiment: Ciena, Toshiba and Quantum Corridor completed a 1.6 Tb/s quantum-safe encryption trial on a live commercial network, highlighting potential future applications for Ciena’s optical technology without requiring new hardware. Ciena Completes Quantum Safe Networking Trial
• Neutral Sentiment: Ciena was named among the Network X Awards 2026 finalists, offering industry recognition but limited immediate financial impact. Network X Awards 2026 Finalists Announced
• Negative Sentiment: Zacks Research downgraded Ciena from “Strong Buy” to “Hold,” potentially limiting near-term buying interest.
• Negative Sentiment: CEO Gary Smith sold 2,952 shares worth approximately $1.12 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature reduces its significance, but the transaction is still a modest sentiment headwind.

Insider Transactions at Ciena

In related news, SVP Brodie Gage sold 1,200 shares of the company’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 completion of the transaction, the senior vice president owned 42,741 shares in the company, valued at approximately $19,921,580.10. This represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jason Phipps sold 2,629 shares of Ciena stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $466.20, for a total transaction of $1,225,639.80. Following the completion of the sale, the senior vice president owned 62,382 shares in the company, valued at approximately $29,082,488.40. This represents a 4.04% 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 have sold 21,627 shares of company stock valued at $10,508,776. 0.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CIEN has been the topic of several recent research reports. B. Riley Financial upped their price target on Ciena from $283.00 to $531.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Rothschild & Co Redburn started coverage on shares of Ciena in a research report on Friday, May 1st. They issued a “neutral” rating and a $416.00 target price on the stock. Morgan Stanley increased their price target on shares of Ciena from $405.00 to $490.00 and gave the stock an “equal weight” rating in a research note on Friday, June 5th. Stifel Nicolaus set a $615.00 price target on shares of Ciena in a research report on Friday, May 29th. Finally, UBS Group reissued a “buy” rating on shares of Ciena in a research note on Tuesday, July 28th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Ciena has an average rating of “Moderate Buy” and a consensus price target of $530.56.

Ciena Stock Down 0.6%

NYSE CIEN opened at $408.77 on Thursday. Ciena Corporation has a 52 week low of $84.41 and a 52 week high of $637.51. The company has a quick ratio of 2.11, a current ratio of 2.73 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $57.86 billion, a P/E ratio of 136.26 and a beta of 1.30. The stock’s 50-day moving average price is $446.35 and its 200-day moving average price is $418.18.

Ciena (NYSE:CIEN) last released its earnings results on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.18. Ciena had a net margin of 7.87% and a return on equity of 18.15%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. On average, equities research analysts predict that Ciena Corporation will post 5.4 earnings per share 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.