Ciena Corporation $CIEN Stock Holdings Trimmed by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its position in Ciena Corporation (NYSE:CIEN) by 44.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 62,172 shares of the communications equipment provider’s stock after selling 50,465 shares during the period. BNP Paribas Financial Markets’ holdings in Ciena were worth $14,540,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CIEN. Elyxium Wealth LLC bought a new stake in Ciena in the fourth quarter valued at about $2,747,810,000. Lone Pine Capital LLC bought a new position in shares of Ciena during the third quarter valued at approximately $292,310,000. Atreides Management LP bought a new position in shares of Ciena during the second quarter valued at approximately $102,705,000. JPMorgan Chase & Co. grew its holdings in shares of Ciena by 23.3% during the third quarter. JPMorgan Chase & Co. now owns 6,462,840 shares of the communications equipment provider’s stock valued at $941,451,000 after purchasing an additional 1,219,787 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Ciena by 2,174.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,143,855 shares of the communications equipment provider’s stock valued at $166,625,000 after purchasing an additional 1,093,557 shares during the last quarter. 91.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ciena news, CEO Gary B. Smith sold 2,952 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $565.92, for a total value of $1,670,595.84. Following the completion of the sale, the chief executive officer directly owned 269,557 shares in the company, valued at $152,547,697.44. This represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brodie Gage sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $570.65, for a total value of $684,780.00. Following the completion of the sale, the senior vice president owned 43,941 shares of the company’s stock, valued at $25,074,931.65. This trade represents a 2.66% 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 sold 44,174 shares of company stock worth $19,502,359 over the last ninety days. Company insiders own 0.58% of the company’s stock.

Ciena News Roundup

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Ciena reported Q2 EPS of $1.64 and revenue of $1.57 billion, both above estimates, with revenue up 39.5% year over year as AI-driven networking demand continued to accelerate.
• Positive Sentiment: The company raised its fiscal 2026 revenue outlook to about $6.3 billion and lifted its Q3 revenue guidance, signaling confidence in continued demand and visibility.
• Positive Sentiment: Analysts responded bullishly, with Rosenblatt Securities raising its price target sharply to $720 from $350 and maintaining a buy rating, suggesting substantial upside from current levels. Article Title
• Neutral Sentiment: Management highlighted a $7.7 billion backlog and said supply constraints are being turned into an opportunity, which supports the long-term growth narrative but does not directly explain the near-term stock weakness. Article Title
• Negative Sentiment: Shares sold off because investors were expecting an even larger beat-and-raise result, and some reports noted that orders missed very high expectations, pressuring sentiment in the near term.
• Negative Sentiment: One analyst downgrade from Zacks Research to hold added to the cautious tone, reinforcing the market’s concern that expectations had become too elevated heading into earnings.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Evercore set a $330.00 target price on Ciena in a report on Thursday, February 19th. Citigroup upped their target price on Ciena from $345.00 to $658.00 and gave the company a “buy” rating in a report on Monday, May 18th. Morgan Stanley upped their target price on Ciena from $405.00 to $490.00 and gave the company an “equal weight” rating in a report on Friday. Weiss Ratings raised Ciena from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Finally, Bank of America upped their target price on Ciena from $550.00 to $660.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $530.56.

Ciena Stock Performance

Shares of NYSE CIEN opened at $489.24 on Friday. The company has a current ratio of 2.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $516.11 and a 200-day simple moving average of $354.57. The company has a market cap of $69.18 billion, a PE ratio of 163.08 and a beta of 1.24. Ciena Corporation has a 12-month low of $70.85 and a 12-month high of $637.51.

Ciena (NYSE:CIEN) last issued its quarterly earnings data on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.18. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. Ciena had a return on equity of 18.15% and a net margin of 7.87%.The business’s revenue was up 39.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share. On average, equities research analysts forecast that Ciena Corporation will post 5.14 EPS for the current year.

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.