Ciena Corporation $CIEN Shares Purchased by Andra AP fonden

Andra AP fonden boosted its holdings in shares of Ciena Corporation (NYSE:CIEN) by 250.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,899 shares of the communications equipment provider’s stock after acquiring an additional 25,660 shares during the period. Andra AP fonden’s holdings in Ciena were worth $17,611,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Corient Private Wealth LLC boosted its holdings in shares of Ciena by 30,114.5% during the 4th quarter. Corient Private Wealth LLC now owns 2,870,677 shares of the communications equipment provider’s stock worth $671,365,000 after purchasing an additional 2,861,176 shares during the last quarter. Geode Capital Management LLC lifted its position in Ciena by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 2,687,437 shares of the communications equipment provider’s stock worth $627,567,000 after buying an additional 145,948 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Ciena by 95.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,236,835 shares of the communications equipment provider’s stock worth $523,129,000 after buying an additional 1,092,980 shares during the last quarter. Capital World Investors boosted its stake in Ciena by 1.7% during the fourth quarter. Capital World Investors now owns 1,868,881 shares of the communications equipment provider’s stock worth $437,075,000 after buying an additional 31,900 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Ciena in the 2nd quarter valued at $404,948,000. 91.99% of the stock is owned by hedge funds and other institutional investors.

Ciena News Roundup

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Evercore upgrade supports the rally: Evercore ISI upgraded Ciena to Outperform and set a $550 price target, implying substantial upside. Analyst Amit Daryanani cited Ciena’s positioning in the AI-driven optical networking buildout and expectations for sustained demand. Evercore upgrade of Ciena
• Positive Sentiment: Backlog and AI demand remain key growth drivers: Recent analysis portrays Ciena more favorably than ADTRAN because of its stronger backlog and exposure to accelerating optical-networking demand from AI data centers. This reinforces the growth narrative behind the stock’s recent strength. Ciena versus ADTRAN analysis
• Positive Sentiment: Subsea expansion adds commercial momentum: Ciena is deploying its WaveLogic 6 Extreme technology on the ACE and ECHO cable systems, increasing capacity across Africa-Europe and other global routes. FLAG also plans to use Ciena’s platform to provide 400GbE and 800GbE services on ECHO, supporting potential demand for high-capacity international connectivity. Ciena ACE and ECHO upgrades
• Neutral Sentiment: Analyst sentiment is favorable but not unanimous: Ciena carries a consensus “Moderate Buy” rating. Wall Street previously cut targets following earnings but later raised longer-term expectations based on the company’s 2029 outlook, making the overall target picture mixed. Ciena consensus analyst rating
• Negative Sentiment: Valuation leaves less room for disappointment: With Ciena trading at a high earnings multiple and well below its 52-week high, investors may demand continued execution on AI-related growth, backlog conversion, and the long-term roadmap. Any slowdown could pressure the shares despite the bullish analyst outlook.

Ciena Trading Up 1.2%

Ciena stock traded up $4.57 during trading on Tuesday, hitting $370.53. The company had a trading volume of 1,155,911 shares, compared to its average volume of 2,893,105. The stock has a market cap of $52.54 billion, a price-to-earnings ratio of 82.71, a price-to-earnings-growth ratio of 4.85 and a beta of 1.30. The company has a current ratio of 3.80, a quick ratio of 3.17 and a debt-to-equity ratio of 1.06. Ciena Corporation has a 1-year low of $133.67 and a 1-year high of $637.51. The company’s 50 day simple moving average is $379.56 and its 200-day simple moving average is $438.61.

Ciena (NYSE:CIEN) last released its quarterly earnings results on Thursday, September 3rd. The communications equipment provider reported $2.11 EPS for the quarter, topping the consensus estimate of $1.73 by $0.38. Ciena had a return on equity of 25.33% and a net margin of 10.87%.The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the business posted $0.35 earnings per share. The company’s quarterly revenue was up 37.0% on a year-over-year basis. As a group, analysts expect that Ciena Corporation will post 6 EPS for the current fiscal year.

Insider Activity at Ciena

In other news, CEO Gary B. Smith sold 2,952 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $330.18, for a total transaction of $974,691.36. Following the sale, the chief executive officer owned 240,126 shares of the company’s stock, valued at approximately $79,284,802.68. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marc Graff sold 4,995 shares of Ciena stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $430.72, for a total transaction of $2,151,446.40. Following the completion of the transaction, the chief financial officer owned 107,519 shares of the company’s stock, valued at $46,310,583.68. This trade represents a 4.44% decrease in their position. 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 three months, insiders sold 25,422 shares of company stock valued at $10,494,882. 0.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CIEN. Evercore upgraded Ciena from an “in-line” rating to an “outperform” rating and set a $550.00 price target on the stock in a report on Monday. Citigroup restated a “buy” rating on shares of Ciena in a research report on Friday, September 4th. Stifel Nicolaus set a $615.00 target price on shares of Ciena in a research note on Friday, May 29th. Bank of America reiterated a “buy” rating on shares of Ciena in a report on Thursday, August 20th. Finally, B. Riley Financial cut their target price on Ciena from $516.00 to $413.00 and set a “neutral” rating for the company in a research note on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Ciena presently has a consensus rating of “Moderate Buy” and an average price target of $492.68.

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.