Kathmere Capital Management LLC Invests $585,000 in Ciena Corporation $CIEN

Posted by ABMN Staff on Jul 8th, 2026

Kathmere Capital Management LLC bought a new stake in Ciena Corporation (NYSE:CIEN – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,507 shares of the communications equipment provider’s stock, valued at approximately $585,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CIEN. Elyxium Wealth LLC purchased a new position in Ciena during the 4th quarter worth approximately $2,747,810,000. State Street Corp boosted its holdings in shares of Ciena by 17.2% in the 4th quarter. State Street Corp now owns 5,102,409 shares of the communications equipment provider’s stock valued at $1,193,300,000 after acquiring an additional 750,128 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Ciena by 53.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,051,625 shares of the communications equipment provider’s stock worth $947,554,000 after acquiring an additional 1,404,132 shares during the period. Bank of America Corp DE increased its stake in shares of Ciena by 10.4% in the second quarter. Bank of America Corp DE now owns 3,495,795 shares of the communications equipment provider’s stock worth $284,313,000 after acquiring an additional 329,821 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in shares of Ciena by 30,114.5% during the fourth quarter. Corient Private Wealth LLC now owns 2,870,677 shares of the communications equipment provider’s stock worth $671,365,000 after purchasing an additional 2,861,176 shares during the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.

Ciena Stock Performance

Shares of CIEN stock opened at $418.27 on Wednesday. The company has a current ratio of 2.73, a quick ratio of 2.11 and a debt-to-equity ratio of 0.53. Ciena Corporation has a 12-month low of $76.89 and a 12-month high of $637.51. The business’s 50 day moving average is $510.15 and its two-hundred day moving average is $393.93. The company has a market capitalization of $59.21 billion, a P/E ratio of 139.42 and a beta of 1.27.

Ciena (NYSE:CIEN – Get Free Report) last announced its earnings results on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.18. Ciena had a return on equity of 18.15% and a net margin of 7.87%.The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company posted $0.42 EPS. The business’s quarterly revenue was up 39.5% on a year-over-year basis. Analysts expect that Ciena Corporation will post 5.4 EPS for the current fiscal year.

Insider Activity at Ciena

In other news, SVP Jason Phipps sold 2,629 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $466.20, for a total transaction of $1,225,639.80. Following the completion of the sale, the senior vice president owned 62,382 shares of the company’s stock, valued at $29,082,488.40. The trade was a 4.04% decrease in their ownership of the stock. The transaction 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, SVP Brodie Gage sold 1,200 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $466.10, for a total transaction of $559,320.00. Following the sale, the senior vice president directly owned 42,741 shares of the company’s stock, valued at $19,921,580.10. This represents a 2.73% decrease in their position. 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 ninety days, insiders have sold 22,827 shares of company stock valued at $11,541,133. Insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

CIEN has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Ciena from $380.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Northland Securities set a $450.00 price objective on Ciena in a report on Friday, June 5th. Needham & Company LLC restated a “buy” rating and issued a $600.00 target price on shares of Ciena in a research note on Tuesday, June 23rd. Rosenblatt Securities upped their target price on Ciena from $350.00 to $720.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Finally, Raymond James Financial lifted their price target on Ciena from $320.00 to $530.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $530.56.

Check Out Our Latest Stock Analysis on Ciena

Trending Headlines about Ciena

Here are the key news stories impacting Ciena this week:

Positive Sentiment: Ciena’s Blue Planet AI proof of concept with Telefónica Deutschland is being highlighted as a potential catalyst for software growth and enterprise 5G network-slicing opportunities, reinforcing its role in AI-driven network automation. How AI-Driven 5G Network Slicing Positions Ciena for Long-Term Growth
Positive Sentiment: Several recent articles continue to frame CIEN as an AI infrastructure beneficiary and a growth stock, suggesting investors still see upside tied to demand for networking gear and automation software. Ciena: Successfully Riding The AI-Powered Wave
Positive Sentiment: Ciena was also included in lists of top-ranked July growth stocks, with AI demand cited as a supportive backdrop for the shares. 5 Top-Ranked Growth Stocks to Buy for July After a Mixed June
Neutral Sentiment: Ciena named new supply chain and product technology chiefs, a leadership update that may help execution over time but is not an immediate earnings catalyst. Ciena (CIEN) Names New Supply Chain and Product Technology Chiefs
Neutral Sentiment: CEO Gary B. Smith and CFO Marc Graff disclosed small share sales under pre-arranged 10b5-1 plans; the transactions are worth watching, but they do not necessarily point to a fundamental change in outlook. Ciena Insider Trades
Negative Sentiment: Some recent commentary warns that after a strong year-to-date run, CIEN may be facing valuation concerns, which can weigh on the stock even when the business outlook remains constructive. Ciena (CIEN) Growth Index Entry Puts Its Valuation Back In Focus

Ciena Company Profile

(Free Report)

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.