Strs Ohio Sells 14,879 Shares of Ciena Corporation $CIEN

Strs Ohio trimmed its position in Ciena Corporation (NYSE:CIEN) by 81.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,373 shares of the communications equipment provider’s stock after selling 14,879 shares during the quarter. Strs Ohio’s holdings in Ciena were worth $491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CIEN. Jacobs Levy Equity Management Inc. bought a new stake in shares of Ciena in the 1st quarter valued at about $395,000. Jones Financial Companies Lllp lifted its holdings in shares of Ciena by 139.6% during the first quarter. Jones Financial Companies Lllp now owns 5,253 shares of the communications equipment provider’s stock worth $317,000 after purchasing an additional 3,061 shares during the period. Goldman Sachs Group Inc. lifted its position 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 valued at $13,419,000 after purchasing an additional 3,117 shares during the period. Focus Partners Wealth boosted its position in Ciena by 14.6% in the 1st quarter. Focus Partners Wealth now owns 5,762 shares of the communications equipment provider’s stock worth $348,000 after purchasing an additional 733 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Ciena by 29.8% during the second quarter. Janney Montgomery Scott LLC now owns 6,868 shares of the communications equipment provider’s stock valued at $559,000 after buying an additional 1,575 shares during the period. 91.99% of the stock is currently owned by institutional investors.

Key Stories Impacting 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 Stock Performance

Shares of CIEN opened at $251.72 on Friday. The stock has a market capitalization of $35.45 billion, a P/E ratio of 296.14, a P/E/G ratio of 1.42 and a beta of 1.13. Ciena Corporation has a 1 year low of $49.21 and a 1 year high of $269.90. The company’s fifty day moving average is $227.66 and its two-hundred day moving average is $167.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.09 and a current ratio of 2.73.

Ciena (NYSE:CIEN) last released its quarterly earnings data on Thursday, December 11th. The communications equipment provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm earned $0.54 earnings per share. The firm’s revenue was up 20.1% on a year-over-year basis. On average, sell-side analysts predict that Ciena Corporation will post 1.6 earnings per share for the current year.

Insider Buying and Selling at Ciena

In related news, Director Patrick Gallagher sold 11,618 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $227.45, for a total transaction of $2,642,514.10. Following the completion of the sale, the director directly owned 50,184 shares of the company’s stock, valued at approximately $11,414,350.80. This represents a 18.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jason Phipps sold 21,383 shares of Ciena stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $247.89, for a total transaction of $5,300,631.87. Following the sale, the senior vice president owned 91,765 shares in the company, valued at $22,747,625.85. This represents a 18.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 167,890 shares of company stock valued at $38,277,035. 0.93% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CIEN. Morgan Stanley set a $213.00 price objective on shares of Ciena in a report on Wednesday, December 17th. B. Riley restated a “neutral” rating on shares of Ciena in a research report on Friday, December 12th. Needham & Company LLC raised their price objective on Ciena to $280.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Wall Street Zen lowered Ciena from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 21st. Finally, Raymond James Financial set a $240.00 price objective on shares of Ciena in a research note on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $241.67.

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.