Ciena Corporation $CIEN Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in Ciena Corporation (NYSE:CIEN) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,060,924 shares of the communications equipment provider’s stock after selling 74,567 shares during the period. Bank of New York Mellon Corp’s holdings in Ciena were worth $154,545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its stake in Ciena by 11.1% during the 3rd quarter. Global Retirement Partners LLC now owns 698 shares of the communications equipment provider’s stock valued at $102,000 after acquiring an additional 70 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Ciena by 1.3% during the third quarter. Nisa Investment Advisors LLC now owns 6,475 shares of the communications equipment provider’s stock valued at $943,000 after purchasing an additional 80 shares during the last quarter. GAMMA Investing LLC grew its stake in Ciena by 2.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,071 shares of the communications equipment provider’s stock worth $593,000 after buying an additional 92 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Ciena by 2.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,889 shares of the communications equipment provider’s stock worth $712,000 after acquiring an additional 112 shares during the last quarter. Finally, Nwam LLC grew its position in Ciena by 4.7% in the 3rd quarter. Nwam LLC now owns 2,505 shares of the communications equipment provider’s stock worth $404,000 after purchasing an additional 113 shares during the last quarter. 91.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CIEN. Needham & Company LLC raised their price objective on shares of Ciena to $280.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Rosenblatt Securities upped their price objective on shares of Ciena from $175.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Evercore ISI set a $240.00 target price on shares of Ciena in a research note on Thursday, December 11th. Citigroup upped their price objective on shares of Ciena to $280.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, Raymond James Financial set a $240.00 price objective on shares of Ciena in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Ciena has an average rating of “Moderate Buy” and an average target price of $241.67.

Insider Activity

In related news, SVP Joseph Cumello sold 11,929 shares of Ciena stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $229.82, for a total value of $2,741,522.78. Following the sale, the senior vice president owned 49,475 shares of the company’s stock, valued at approximately $11,370,344.50. The trade was a 19.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary B. Smith sold 2,993 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $247.65, for a total transaction of $741,216.45. Following the completion of the transaction, the chief executive officer directly owned 304,892 shares of the company’s stock, valued at $75,506,503.80. This represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 167,890 shares of company stock worth $38,277,035. 0.93% of the stock is currently owned by company insiders.

Ciena Trading Down 0.7%

Shares of NYSE CIEN opened at $251.72 on Friday. Ciena Corporation has a twelve month low of $49.21 and a twelve month high of $269.90. The company has a quick ratio of 2.09, a current ratio of 2.73 and a debt-to-equity ratio of 0.56. The stock has a market cap of $35.45 billion, a price-to-earnings ratio of 296.14, a P/E/G ratio of 1.42 and a beta of 1.13. The company’s fifty day moving average is $227.66 and its 200-day moving average is $167.64.

Ciena (NYSE:CIEN) last announced its earnings results on Thursday, December 11th. The communications equipment provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.76 by $0.15. Ciena had a net margin of 2.59% and a return on equity of 8.38%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company posted $0.54 EPS. The business’s quarterly revenue was up 20.1% on a year-over-year basis. Equities research analysts predict that Ciena Corporation will post 1.6 EPS for the current year.

Trending Headlines about Ciena

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: TPN selected Ciena to upgrade subsea connectivity across the Asia‑Pacific region — a win that expands Ciena’s footprint in high‑growth international submarine capacity and complements its AI‑ready optical roadmap. TPN picks Ciena to boost subsea connectivity in APAC
• Positive Sentiment: Report: Ciena rose to a 52‑week high, reflecting investor enthusiasm after recent contract announcements and stronger near‑term guidance/end‑market visibility. Ciena stock hits 52-week high at 262.02 USD
• Positive Sentiment: Analysis: Ciena’s shares jumped after new “AI‑ready” optical deals in Europe and APAC; coverage highlights that these contracts are driving the recent double‑digit move and improving outlook for wavelength and edge connectivity demand. Why Ciena (CIEN) Is Up 10.2% After New AI-Ready Optical Deals In Europe And Asia-Pacific
• Positive Sentiment: Telekom Srbija and Mtel deployed Ciena optical tech to improve cross‑border connectivity, a direct commercial proof point in service provider networks that supports recurring revenue and regional expansion. Telekom Srbija and Mtel Deploy Ciena Optical Technology to Improve Cross-Border Connectivity
• Positive Sentiment: Technical/short‑term: A Benzinga piece notes a “power inflow” trading signal around $248.84 that preceded a >2% intraday rise — this can attract momentum traders and amplify near‑term buying. Ciena Shares Rise Over 2% To Intraday High After Key Trading Signal
• Positive Sentiment: Zacks upgraded Ciena into its Rank #1 (Strong Buy) growth list and published favorable comparisons versus Nokia, citing Ciena’s optical technology lead and raised 2026 revenue outlook — analyst positioning that can support multiple expansion. Best Growth Stocks to Buy for January 30th Ciena vs. Nokia: Which Optical Networking Stock is the Better Buy?
• Neutral Sentiment: Industry context: Zacks and other outlets highlight broader demand drivers (fiber densification, 5G, cloud/on‑ramps) that favor Ciena long term, but these are secular positives rather than immediate catalysts. 3 Communication Stocks Likely to Ride on Inherent Industry Strength
• Neutral Sentiment: Media roundup: Ciena is being mentioned alongside peers (e.g., Corning) as the sector gains attention; helpful for visibility but less impactful than direct contract wins or analyst upgrades. After Corning breaks out, this fiber optics peer lights up. Both shine on this elite screen.

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.