Kintra Wealth LLC Lowers Position in Ciena Corporation $CIEN

Kintra Wealth LLC decreased its stake in shares of Ciena Corporation (NYSE:CIEN) by 44.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 24,485 shares of the communications equipment provider’s stock after selling 19,966 shares during the quarter. Kintra Wealth LLC’s holdings in Ciena were worth $12,011,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Ciena during the 1st quarter valued at $395,000. Jones Financial Companies Lllp grew its position in Ciena by 139.6% during the first quarter. Jones Financial Companies Lllp now owns 5,253 shares of the communications equipment provider’s stock valued at $317,000 after acquiring an additional 3,061 shares during the period. Goldman Sachs Group Inc. increased its stake in Ciena by 1.4% during the first quarter. Goldman Sachs Group Inc. now owns 222,054 shares of the communications equipment provider’s stock worth $13,419,000 after acquiring an additional 3,117 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Ciena by 14.6% in the 1st quarter. Focus Partners Wealth now owns 5,762 shares of the communications equipment provider’s stock valued at $348,000 after purchasing an additional 733 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Ciena in the 2nd quarter valued at about $234,000. Hedge funds and other institutional investors own 91.99% of the company’s stock.

Insider Activity at Ciena

In related news, SVP Jason Phipps sold 2,629 shares of the firm’s 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 directly owned 62,382 shares of the company’s stock, valued at approximately $29,082,488.40. This trade represents a 4.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Cumello sold 1,586 shares of Ciena stock in a transaction on Friday, June 26th. The stock was sold at an average price of $466.33, for a total transaction of $739,599.38. Following the sale, the senior vice president directly owned 42,872 shares in the company, valued at $19,992,499.76. This trade represents a 3.57% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 25,422 shares of company stock valued at $11,038,802. 0.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CIEN shares. Argus set a $650.00 target price on shares of Ciena in a research report on Friday, June 5th. Weiss Ratings downgraded shares of Ciena from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. TD Cowen dropped their price objective on shares of Ciena from $575.00 to $400.00 and set a “buy” rating for the company in a research report on Friday. Evercore set a $375.00 target price on shares of Ciena in a research note on Thursday. Finally, Zacks Research lowered shares of Ciena from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $480.95.

Ciena Stock Performance

Shares of NYSE:CIEN opened at $321.52 on Friday. The business’s 50-day simple moving average is $403.61 and its 200 day simple moving average is $437.31. The company has a market cap of $45.51 billion, a P/E ratio of 71.77 and a beta of 1.30. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.11 and a current ratio of 3.80. Ciena Corporation has a one year low of $113.66 and a one year high of $637.51.

Ciena (NYSE:CIEN) last released 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. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Ciena had a return on equity of 25.33% and a net margin of 10.87%.Ciena’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS. On average, sell-side analysts forecast that Ciena Corporation will post 5.37 earnings per share for the current fiscal year.

Key Ciena News

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 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.