Ciena Corporation $CIEN Shares Acquired by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC boosted its holdings in Ciena Corporation (NYSE:CIEN) by 300.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,682 shares of the communications equipment provider’s stock after acquiring an additional 4,262 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Ciena were worth $1,999,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Corient Private Wealth LLC boosted its position in 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 acquiring an additional 2,861,176 shares during the period. Atreides Management LP increased its holdings in shares of Ciena by 2.0% during the fourth quarter. Atreides Management LP now owns 1,428,230 shares of the communications equipment provider’s stock valued at $334,020,000 after purchasing an additional 27,466 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Ciena during the second quarter valued at $404,948,000. Swiss National Bank raised its stake in shares of Ciena by 7.0% during the first quarter. Swiss National Bank now owns 413,332 shares of the communications equipment provider’s stock valued at $160,468,000 after purchasing an additional 26,900 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Ciena by 10.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 321,825 shares of the communications equipment provider’s stock valued at $124,942,000 after purchasing an additional 31,098 shares in the last quarter. 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: New subsea-network contract supports demand. Ciena will upgrade Space Norway’s subsea cable, highlighting continued demand for high-capacity optical networking infrastructure and international connectivity. Ciena to upgrade Space Norway subsea cable
• Positive Sentiment: AI-related demand remains a significant growth driver. Analysts argue that demand for optical networking equipment is outpacing supply as cloud providers expand AI data-center infrastructure. Bank of America maintained a Buy rating and a $550 price target, forecasting 35% to 40% revenue growth for Ciena in calendar 2026. Ciena’s revenue could grow up to 40% as AI demand outstrips supply
• Neutral Sentiment: CEO stock sale was conducted under a trading plan. CEO Gary Smith sold 2,952 shares worth approximately $1.09 million under a pre-arranged Rule 10b5-1 plan. The transaction reduced his direct holdings by 1.28%, but he still retained more than 228,000 shares, limiting its significance as a fundamental signal. Ciena CEO stock sale SEC filing
• Negative Sentiment: Profit-taking has hit the optical-networking sector. Ciena and peers including Coherent and Lumentum sold off as investors locked in gains following a powerful rally. The decline reflects concerns about the pace and sustainability of AI spending rather than a reported deterioration in Ciena’s operating results. Ciena slumps amid profit-taking after recent rally
• Negative Sentiment: Valuation leaves little room for disappointment. Commentary describes Ciena as more attractive after the pullback but still expensive, meaning the stock requires sustained exceptional growth to justify its valuation. Investors may therefore remain sensitive to any signs of slowing AI demand, supply constraints or margin pressure. Ciena getting more interesting but still expensive

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CIEN shares. CL King set a $347.00 price objective on shares of Ciena in a report on Friday, September 4th. UBS Group lowered their target price on shares of Ciena from $508.00 to $394.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. TD Cowen restated a “buy” rating on shares of Ciena in a research report on Thursday, September 17th. Argus set a $550.00 price target on Ciena in a research note on Thursday, September 10th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $600.00 price target on shares of Ciena in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ciena presently has an average rating of “Moderate Buy” and an average price target of $506.11.

Insider Buying and Selling at Ciena

In other news, CEO Gary Smith sold 2,952 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $369.66, for a total transaction of $1,091,236.32. Following the sale, the chief executive officer directly owned 228,407 shares of the company’s stock, valued at $84,432,931.62. The trade was a 1.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Phipps sold 2,629 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $355.19, for a total value of $933,794.51. Following the sale, the executive vice president directly owned 57,388 shares in the company, valued at $20,383,643.72. This trade represents a 4.38% 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. Over the last quarter, insiders sold 31,862 shares of company stock worth $12,017,320. 0.58% of the stock is owned by insiders.

Ciena Price Performance

CIEN stock traded down $41.46 on Wednesday, hitting $358.94. 3,311,087 shares of the company’s stock traded hands, compared to its average volume of 2,897,164. Ciena Corporation has a 1-year low of $159.56 and a 1-year high of $637.51. The stock has a market cap of $50.90 billion, a price-to-earnings ratio of 80.12, a P/E/G ratio of 5.63 and a beta of 1.28. The stock has a fifty day moving average of $379.66 and a 200-day moving average of $441.56. 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 (NYSE:CIEN) last posted its quarterly earnings results 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. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.64 billion. Ciena had a net margin of 10.87% and a return on equity of 25.33%. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share. On average, analysts forecast that Ciena Corporation will post 6.00 EPS for the current fiscal year.

Ciena Profile

Ciena Corporation is a networking technology company that provides communications infrastructure, software and services for telecommunications providers, cloud operators, enterprises, governments and research institutions. Its solutions are designed to help organizations build, manage and automate high-capacity networks that support applications such as cloud computing, broadband connectivity, data center interconnection and 5G services.

The company’s portfolio includes optical networking systems and coherent optical technologies, routing and switching platforms, broadband access solutions, network management software and professional services.