67,296 Shares in Ciena Corporation $CIEN Acquired by Nykredit A S

Nykredit A S acquired a new stake in Ciena Corporation (NYSE:CIEN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 67,296 shares of the communications equipment provider’s stock, valued at approximately $33,013,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elyxium Wealth LLC purchased a new stake in Ciena during the 4th quarter worth approximately $2,747,810,000. State Street Corp grew its stake in Ciena by 17.2% in the fourth quarter. State Street Corp now owns 5,102,409 shares of the communications equipment provider’s stock worth $1,193,300,000 after purchasing an additional 750,128 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Ciena by 53.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,051,625 shares of the communications equipment provider’s stock valued at $947,554,000 after buying an additional 1,404,132 shares during the last quarter. Bank of America Corp DE increased its holdings in Ciena by 10.4% in the second quarter. Bank of America Corp DE now owns 3,495,795 shares of the communications equipment provider’s stock valued at $284,313,000 after buying an additional 329,821 shares during the last quarter. Finally, Corient Private Wealth LLC raised its stake in Ciena by 30,114.5% during the fourth quarter. Corient Private Wealth LLC now owns 2,870,677 shares of the communications equipment provider’s stock valued at $671,365,000 after buying an additional 2,861,176 shares in the last quarter. 91.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ciena

In other news, CEO Gary B. Smith sold 2,952 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $362.90, for a total value of $1,071,280.80. Following the completion of the transaction, the chief executive officer owned 243,078 shares of the company’s stock, valued at approximately $88,213,006.20. This represents a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marc Graff sold 4,995 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $430.72, for a total value of $2,151,446.40. Following the transaction, the chief financial officer directly owned 107,519 shares in the company, valued at $46,310,583.68. This trade represents a 4.44% 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. Insiders have sold a total of 25,422 shares of company stock worth $11,038,802 in the last ninety days. 0.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CIEN has been the topic of a number of research analyst reports. Morgan Stanley increased their target price on Ciena from $405.00 to $490.00 and gave the stock an “equal weight” rating in a report on Friday, June 5th. TD Cowen lowered their price target on Ciena from $675.00 to $575.00 and set a “buy” rating for the company in a report on Tuesday, August 18th. Bank of America reissued a “buy” rating on shares of Ciena in a research report on Thursday, August 20th. B. Riley Financial reduced their price objective on Ciena from $516.00 to $413.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Needham & Company LLC decreased their price objective on shares of Ciena from $600.00 to $520.00 and set a “buy” rating for the company in a report on Thursday. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ciena has an average rating of “Moderate Buy” and a consensus price target of $523.17.

More Ciena News

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Ciena reported adjusted fiscal Q3 EPS of $2.11, well above the $1.73 analyst consensus, while revenue rose 37% year over year to $1.67 billion, exceeding expectations by approximately $30 million. AI-driven cloud and data-center networking demand contributed to the record performance. CIEN Q3 earnings beat on AI-led cloud demand
• Positive Sentiment: Management raised fiscal 2026 revenue guidance to $6.4 billion-$6.5 billion, above the $6.3 billion consensus estimate. Ciena also expects fourth-quarter revenue of $1.7 billion-$1.8 billion, broadly in line with Wall Street forecasts. Ciena raises fiscal guidance
• Positive Sentiment: The company projected at least 30% revenue growth in fiscal 2027, supported by a backlog exceeding $10 billion, and outlined a 25%-27% operating-margin outlook. These figures reinforce the long-term AI networking growth narrative. Ciena fiscal 2027 outlook
• Neutral Sentiment: Needham lowered its price target from $600 to $520 but maintained a Buy rating. The revised target still implies substantial upside from the recent trading level, although it signals more cautious near-term expectations. Needham lowers Ciena price target
• Negative Sentiment: Despite the earnings beat, fourth-quarter revenue guidance was viewed as merely in line, failing to exceed the elevated expectations embedded in Ciena’s high valuation. Reports emphasized that the stock trades at roughly 105 times earnings, making it vulnerable to disappointment or profit-taking. Ciena guidance overshadows earnings beat
• Negative Sentiment: CEO Gary Smith sold 2,952 shares valued at approximately $1.07 million under a pre-arranged Rule 10b5-1 plan. The transaction reduced his direct holdings by 1.2% and is a modest negative signal, though its scheduled nature limits its significance. Ciena CEO Form 4 filing

Ciena Stock Down 10.7%

CIEN stock opened at $316.20 on Friday. The stock has a market cap of $44.76 billion, a PE ratio of 105.40 and a beta of 1.30. The firm’s 50-day simple moving average is $406.81 and its 200 day simple moving average is $438.12. Ciena Corporation has a fifty-two week low of $110.90 and a fifty-two 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.

Ciena (NYSE:CIEN) last issued its quarterly earnings data on Thursday, September 3rd. The communications equipment provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.38. Ciena had a return on equity of 18.15% and a net margin of 7.87%.The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue was up 37.0% on a year-over-year basis. As a group, sell-side analysts predict that Ciena Corporation will post 5.42 EPS for the current year.

Ciena 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.