EverSource Wealth Advisors LLC Sells 1,638 Shares of Ciena Corporation $CIEN

Posted by Brenda Bartman on May 23rd, 2026

EverSource Wealth Advisors LLC decreased its position in shares of Ciena Corporation (NYSE:CIEN – Free Report) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,113 shares of the communications equipment provider’s stock after selling 1,638 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Ciena were worth $5,639,000 at the end of the most recent reporting period.

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

Insider Transactions at Ciena

In other news, SVP Jason Phipps sold 22,014 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brodie Gage sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $405.00, for a total value of $2,025,000.00. Following the completion of the transaction, the senior vice president directly owned 46,341 shares of the company’s stock, valued at $18,768,105. This represents a 9.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 44,174 shares of company stock valued at $18,878,661. 0.58% of the stock is currently owned by insiders.

Ciena Stock Down 0.6%

CIEN stock opened at $583.65 on Friday. The stock has a market capitalization of $82.53 billion, a P/E ratio of 371.75, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24. 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 Corporation has a 12 month low of $70.77 and a 12 month high of $599.50. The firm has a 50-day moving average price of $478.27 and a 200-day moving average price of $328.12.

Ciena (NYSE:CIEN – Get Free Report) last posted its earnings results on Thursday, March 5th. The communications equipment provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.18. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Ciena had a net margin of 4.47% and a return on equity of 12.09%. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. As a group, equities research analysts anticipate that Ciena Corporation will post 5.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CIEN has been the subject of several recent analyst reports. B. Riley Financial upped their price objective on shares of Ciena from $222.00 to $283.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Bank of America upped their price objective on shares of Ciena from $355.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Raymond James Financial reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Ciena in a research report on Thursday, March 5th. Zacks Research raised shares of Ciena from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 13th. Finally, UBS Group increased their target price on shares of Ciena from $230.00 to $285.00 and gave the stock a “neutral” 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 given a Hold rating to the company. According to MarketBeat.com, Ciena presently has an average rating of “Moderate Buy” and an average target price of $398.83.

Get Our Latest Report on CIEN

Ciena 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.