Greenspring Advisors LLC Makes New Investment in Ciena Corporation $CIEN

Greenspring Advisors LLC bought a new position in shares of Ciena Corporation (NYSE:CIEN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,111 shares of the communications equipment provider’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CIEN. KBC Group NV lifted its stake in shares of Ciena by 11.3% in the fourth quarter. KBC Group NV now owns 31,161 shares of the communications equipment provider’s stock worth $7,288,000 after acquiring an additional 3,156 shares in the last quarter. FengHe Fund Management Pte. Ltd. lifted its stake in shares of Ciena by 164.0% in the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 660,988 shares of the communications equipment provider’s stock worth $154,585,000 after acquiring an additional 410,588 shares in the last quarter. Peak Financial Advisors LLC lifted its stake in shares of Ciena by 222.7% in the fourth quarter. Peak Financial Advisors LLC now owns 11,596 shares of the communications equipment provider’s stock worth $2,712,000 after acquiring an additional 8,003 shares in the last quarter. DNB Asset Management AS lifted its stake in shares of Ciena by 1,095.8% in the fourth quarter. DNB Asset Management AS now owns 27,527 shares of the communications equipment provider’s stock worth $6,438,000 after acquiring an additional 25,225 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new position in shares of Ciena in the third quarter worth about $568,000. 91.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CIEN has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on Ciena from $405.00 to $490.00 and gave the stock an “equal weight” rating in a research note on Friday. Rosenblatt Securities boosted their price target on Ciena from $350.00 to $720.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen boosted their price target on Ciena from $425.00 to $675.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Northland Securities set a $450.00 price target on Ciena in a research note on Friday. Finally, Citigroup boosted their price target on Ciena from $345.00 to $658.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Ciena presently has a consensus rating of “Moderate Buy” and a consensus target price of $530.56.

Key Ciena News

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.

Insider Activity at Ciena

In related news, SVP Brodie Gage sold 1,200 shares of the business’s stock in a transaction dated 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 directly owned 43,941 shares of the company’s stock, valued at $25,074,931.65. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary B. Smith sold 2,952 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were 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 of the company’s stock, valued at approximately $152,547,697.44. This represents a 1.08% 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. Insiders sold a total of 44,174 shares of company stock valued at $19,502,359 over the last three months. 0.58% of the stock is owned by insiders.

Ciena Stock Down 8.7%

Shares of Ciena stock opened at $489.24 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.73 and a debt-to-equity ratio of 0.53. The firm has a market cap of $69.18 billion, a P/E ratio of 163.08 and a beta of 1.24. Ciena Corporation has a fifty-two week low of $70.85 and a fifty-two week high of $637.51. The business has a 50-day moving average price of $516.11 and a 200 day moving average price of $354.57.

Ciena (NYSE:CIEN) last announced its quarterly earnings data on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share 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 18.15% and a net margin of 7.87%.Ciena’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. On average, sell-side analysts forecast that Ciena Corporation will post 5.14 earnings per share for the current fiscal year.

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.