Everhart Financial Group Inc. Has $667,000 Stock Holdings in Ciena Corporation $CIEN

Everhart Financial Group Inc. boosted its stake in shares of Ciena Corporation (NYSE:CIEN) by 88.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,854 shares of the communications equipment provider’s stock after purchasing an additional 1,342 shares during the quarter. Everhart Financial Group Inc.’s holdings in Ciena were worth $667,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CIEN. Jacobs Levy Equity Management Inc. bought a new stake in shares of Ciena during the 1st quarter worth about $395,000. Jones Financial Companies Lllp raised its holdings in Ciena by 139.6% in the 1st quarter. Jones Financial Companies Lllp now owns 5,253 shares of the communications equipment provider’s stock valued at $317,000 after acquiring 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 worth $13,419,000 after acquiring an additional 3,117 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Ciena by 14.6% during the first quarter. Focus Partners Wealth now owns 5,762 shares of the communications equipment provider’s stock worth $348,000 after acquiring an additional 733 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Ciena by 107.5% during the second quarter. Allworth Financial LP now owns 718 shares of the communications equipment provider’s stock worth $58,000 after acquiring an additional 372 shares during the period. 91.99% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Ciena

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Record subsea demo with Meta validates Ciena’s optical leadership and supports long‑term revenue opportunities from hyperscalers and subsea operators. Ciena and Meta claim record-breaking subsea transmission speed
• Positive Sentiment: Commercial win: TIME dotCom is deploying a 1 Tb/s Pacific route using Ciena gear — a conversion of lab/PR wins into paying customer revenue. TIME dotCom offers 1 Tb/s data transmission across the Pacific with Ciena
• Positive Sentiment: Service‑provider revenue and order momentum tied to MOFN demand underpin the company’s growth narrative and help justify analyst upgrades and higher price targets. Ciena’s Service Provider Revenues Rise on MOFN Tailwinds
• Neutral Sentiment: Analyst coverage has been upgraded and targets raised recently (UBS, Needham, BofA among others), which supports a constructive medium‑term view but also concentrates expectations into the stock price. CIEN price & analyst coverage
• Neutral Sentiment: Industry visibility from conferences (OFC) and media pieces boosts awareness but is informational rather than an immediate revenue driver. Ciena Presents at OFC 2026
• Negative Sentiment: Macro/market selloff: rising rates and a tech‑led pullback (Nasdaq weakness, large cap tech volatility) pushed momentum names lower today and amplified profit‑taking after CIEN’s recent run. Stock market today: Nasdaq feels pain as rates surge; Super Micro craters, Ciena touches a high (live coverage)
• Negative Sentiment: Insider selling: CEO Gary Smith disclosed a ~2,952‑share sale (~$1.06M). Small relative to his holdings but can stoke short‑term caution among some investors. SEC filing: CEO stock sale

Ciena Price Performance

Shares of NYSE CIEN opened at $384.29 on Friday. The business has a fifty day moving average price of $298.77 and a two-hundred day moving average price of $224.55. The stock has a market capitalization of $54.34 billion, a PE ratio of 244.77, a P/E/G ratio of 1.47 and a beta of 1.08. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.81 and a quick ratio of 2.14. Ciena Corporation has a fifty-two week low of $49.21 and a fifty-two week high of $419.80.

Ciena (NYSE:CIEN) last released its earnings results on Thursday, March 5th. The communications equipment provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.18. Ciena had a return on equity of 12.09% and a net margin of 4.47%.The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the firm posted $0.64 EPS. Ciena’s quarterly revenue was up 33.1% on a year-over-year basis. As a group, equities analysts predict that Ciena Corporation will post 1.6 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Joseph Cumello sold 11,929 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $229.82, for a total value of $2,741,522.78. Following the completion of the transaction, the senior vice president directly owned 49,475 shares in the company, valued at approximately $11,370,344.50. The trade was a 19.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary B. Smith sold 2,952 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $359.53, for a total transaction of $1,061,332.56. Following the sale, the chief executive officer directly owned 293,084 shares of the company’s stock, valued at approximately $105,372,490.52. This trade represents a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 150,083 shares of company stock worth $35,960,019. 0.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CIEN shares. Bank of America upgraded Ciena from a “neutral” rating to a “buy” rating and increased their target price for the stock from $260.00 to $355.00 in a research note on Friday, March 6th. B. Riley Financial boosted their price target on Ciena from $222.00 to $283.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. TD Cowen initiated coverage on Ciena in a report on Thursday, March 12th. They issued a “buy” rating and a $425.00 price objective on the stock. Rosenblatt Securities increased their price objective on Ciena from $305.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, Raymond James Financial reissued an “outperform” rating and set a $320.00 target price on shares of Ciena in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $320.65.

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.