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

Bank of New York Mellon Corp grew its stake in Ciena Corporation (NYSE:CIEN) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,118,142 shares of the communications equipment provider’s stock after purchasing an additional 57,218 shares during the period. Bank of New York Mellon Corp’s holdings in Ciena were worth $261,500,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Ciena by 53.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 445,359 shares of the communications equipment provider’s stock valued at $104,156,000 after purchasing an additional 155,712 shares during the period. Westpac Banking Corp acquired a new position in Ciena during the fourth quarter worth $1,606,000. Ellevest Inc. acquired a new position in Ciena during the fourth quarter worth $320,000. Florida Financial Advisors LLC acquired a new position in Ciena during the fourth quarter worth $1,279,000. Finally, Waterloo Capital L.P. acquired a new position in Ciena during the fourth quarter worth $359,000. Institutional investors and hedge funds own 91.99% of the company’s stock.

Ciena Stock Performance

Ciena stock opened at $535.48 on Friday. The firm has a market capitalization of $75.72 billion, a P/E ratio of 341.07 and a beta of 1.24. The stock has a fifty day moving average price of $515.08 and a 200 day moving average price of $353.62. Ciena Corporation has a 52 week low of $70.77 and a 52 week high of $637.51. The company has a current ratio of 2.81, a quick ratio of 2.14 and a debt-to-equity ratio of 0.55.

Ciena (NYSE:CIEN) last released its earnings results on Thursday, June 4th. The communications equipment provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.46 by $0.18. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. Ciena had a return on equity of 12.09% and a net margin of 4.47%.The business’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. Equities research analysts anticipate that Ciena Corporation will post 5.14 earnings per share for the current year.

Insider Activity at Ciena

In related news, CEO Gary B. Smith sold 2,952 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $415.51, for a total value of $1,226,585.52. Following the completion of the transaction, the chief executive officer directly owned 281,365 shares in the company, valued at approximately $116,909,971.15. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jason Phipps sold 22,014 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $409.80, for a total value of $9,021,337.20. Following the sale, the senior vice president owned 68 shares of the company’s stock, valued at $27,866.40. This represents a 99.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 44,174 shares of company stock worth $19,502,359. 0.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CIEN has been the topic of several research reports. Evercore set a $330.00 target price on Ciena in a report on Thursday, February 19th. Needham & Company LLC reissued a “buy” rating and issued a $600.00 target price on shares of Ciena in a report on Thursday. Raymond James Financial upped their target price on Ciena from $320.00 to $530.00 and gave the company an “outperform” rating in a report on Thursday. Rosenblatt Securities upped their target price on Ciena from $305.00 to $350.00 and gave the company a “buy” rating in a report on Friday, March 6th. Finally, Barclays upped their target price on Ciena from $279.00 to $372.00 and gave the company an “overweight” rating in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Ciena presently has an average rating of “Moderate Buy” and an average target price of $444.83.

Trending Headlines about Ciena

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Ciena beat fiscal Q2 expectations with $1.64 EPS versus $1.46 expected and $1.57 billion in revenue versus $1.50 billion expected, with sales up 39.5% year over year on AI- and cloud-driven networking demand. Article Title
• Positive Sentiment: Management said AI-related demand and optical networking adoption are supporting sustained growth, and the company raised its fiscal 2026 revenue outlook to about $6.3 billion from prior expectations. Article Title
• Neutral Sentiment: Several reports note that Ciena’s earnings call highlighted AI-fueled growth opportunities in cloud, subsea, and service-provider networks, reinforcing the long-term demand story. Article Title
• Negative Sentiment: The stock fell because investors appeared to want an even bigger beat-and-raise quarter and stronger forward guidance, suggesting expectations had run ahead of the results. Article Title
• Negative Sentiment: Guidance concerns weighed on sentiment even after the earnings beat, with multiple outlets saying the outlook did not fully satisfy high investor expectations. Article Title

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.