Waterloo Capital L.P. Takes $359,000 Position in Ciena Corporation $CIEN

Posted by Francis Steltz on Jun 3rd, 2026

Waterloo Capital L.P. acquired a new stake in shares of Ciena Corporation (NYSE:CIEN – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,537 shares of the communications equipment provider’s stock, valued at approximately $359,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CIEN. MassMutual Private Wealth & Trust FSB increased its position in shares of Ciena by 9.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the communications equipment provider’s stock valued at $166,000 after buying an additional 63 shares during the period. Assetmark Inc. increased its position in shares of Ciena by 50.4% during the third quarter. Assetmark Inc. now owns 200 shares of the communications equipment provider’s stock valued at $29,000 after buying an additional 67 shares during the period. IFP Advisors Inc increased its position in shares of Ciena by 6.9% during the fourth quarter. IFP Advisors Inc now owns 1,055 shares of the communications equipment provider’s stock valued at $247,000 after buying an additional 68 shares during the period. Legacy Financial Advisors Inc. increased its position in shares of Ciena by 5.4% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,549 shares of the communications equipment provider’s stock valued at $362,000 after buying an additional 79 shares during the period. Finally, Coldstream Capital Management Inc. increased its position in shares of Ciena by 1.7% during the third quarter. Coldstream Capital Management Inc. now owns 4,772 shares of the communications equipment provider’s stock valued at $695,000 after buying an additional 79 shares during the period. 91.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CIEN shares. B. Riley Financial boosted their price target on shares of Ciena from $222.00 to $283.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Barclays boosted their price target on shares of Ciena from $279.00 to $372.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Raymond James Financial reiterated an “outperform” rating and set a $320.00 price target on shares of Ciena in a research report on Thursday, March 5th. Citigroup boosted their price target on shares of Ciena from $345.00 to $658.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Needham & Company LLC upped their price objective on shares of Ciena from $280.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. One research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $406.61.

View Our Latest Stock Report on CIEN

Insider Activity at Ciena

In related news, CEO Gary B. Smith sold 2,952 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $415.51, for a total transaction of $1,226,585.52. Following the transaction, the chief executive officer owned 281,365 shares in the company, valued at $116,909,971.15. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $409.80, for a total transaction of $9,021,337.20. Following the transaction, the senior vice president owned 68 shares in the company, valued at approximately $27,866.40. This trade represents a 99.69% decrease in their position. 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 have sold a total of 41,222 shares of company stock worth $17,831,763 over the last quarter. Company insiders own 0.58% of the company’s stock.

Ciena Trading Down 2.0%

NYSE:CIEN opened at $568.43 on Tuesday. The company’s 50 day moving average price is $503.80 and its 200-day moving average price is $345.22. Ciena Corporation has a 52 week low of $70.77 and a 52 week high of $605.61. The company has a quick ratio of 2.14, a current ratio of 2.81 and a debt-to-equity ratio of 0.55. The stock has a market cap of $80.38 billion, a price-to-earnings ratio of 362.06 and a beta of 1.24.

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

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.