Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Ciena Corporation (NYSE:CIEN)

Posted by Brenda Bartman on Jun 10th, 2026

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Ciena Corporation (NYSE:CIEN). In a filing disclosed on June 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Ciena stock on May 29th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.
Sold $15,001 – $50,000 in shares of Workday (NASDAQ:WDAY) on 5/29/2026.

Ciena Stock Down 0.6%

NYSE CIEN traded down $2.76 on Wednesday, reaching $436.59. The stock had a trading volume of 3,859,298 shares, compared to its average volume of 3,110,246. The business has a 50 day moving average price of $518.37 and a 200 day moving average price of $359.43. 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 1 year low of $71.52 and a 1 year high of $637.51. The company has a market capitalization of $61.80 billion, a price-to-earnings ratio of 145.53 and a beta of 1.24.

Ciena (NYSE:CIEN – Get Free Report) last issued its earnings results on Thursday, June 4th. The communications equipment provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.18. Ciena had a return on equity of 18.15% and a net margin of 7.87%.The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. On average, analysts forecast that Ciena Corporation will post 5.15 EPS for the current fiscal year.

More Ciena News

Here are the key news stories impacting Ciena this week:

Positive Sentiment: Ciena continues to benefit from strong AI-driven network demand, with its latest earnings commentary highlighting a larger backlog, better-than-expected results, and raised fiscal 2026 revenue guidance. Article Title
Positive Sentiment: Management’s strong free cash flow profile and rising AI-related demand could support future growth while still leaving room for shareholder returns, although execution remains important. Article Title
Positive Sentiment: A new trial with Colt showed Ciena’s WaveLogic 6 Extreme technology enabling one of the fastest quantum-safe transatlantic data transmissions, reinforcing its position in high-speed, secure optical networking. Article Title
Positive Sentiment: Analysts at Northland Securities raised FY2027 EPS expectations well above current consensus, suggesting bullish long-term earnings potential. Article Title
Neutral Sentiment: Investor commentary tied Ciena to a broader “buy the dip” thesis around AI infrastructure and optical networking names, which may support sentiment but is not company-specific news. Article Title
Negative Sentiment: The $2.5 billion convertible notes deal has been the clearest near-term headwind, as investors worry about potential dilution and the stock selling off after the financing announcement. Article Title
Negative Sentiment: Recent articles also pointed to weakness during a broader tech downturn, which appears to have amplified the decline in Ciena shares. Article Title

Institutional Trading of Ciena

Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC raised its holdings in shares of Ciena by 2.7% in the 1st quarter. Parallel Advisors LLC now owns 5,243 shares of the communications equipment provider’s stock worth $2,035,000 after buying an additional 136 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Ciena by 80.0% in the 1st quarter. NewEdge Advisors LLC now owns 13,795 shares of the communications equipment provider’s stock worth $5,356,000 after buying an additional 6,132 shares in the last quarter. Asset Dedication LLC raised its holdings in shares of Ciena by 2,100.0% in the 1st quarter. Asset Dedication LLC now owns 88 shares of the communications equipment provider’s stock worth $34,000 after buying an additional 84 shares in the last quarter. BankChampaign National Association acquired a new position in shares of Ciena in the 1st quarter worth approximately $759,000. Finally, Liontrust Investment Partners LLP raised its holdings in shares of Ciena by 16.3% in the 1st quarter. Liontrust Investment Partners LLP now owns 82,167 shares of the communications equipment provider’s stock worth $31,900,000 after buying an additional 11,515 shares in the last quarter. Institutional investors own 91.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CIEN shares. Rosenblatt Securities upped their price target on Ciena from $350.00 to $720.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. TD Cowen upped 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. Rothschild & Co Redburn began coverage on Ciena in a research note on Friday, May 1st. They set a “neutral” rating and a $416.00 price target for the company. Citigroup upped 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. Finally, B. Riley Financial upped their price target on Ciena from $283.00 to $531.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $530.56.

Read Our Latest Stock Analysis on CIEN

Insider Transactions at Ciena

In other news, SVP Jason Phipps sold 22,014 shares of the 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 directly owned 68 shares of the company’s stock, valued at approximately $27,866.40. This represents a 99.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brodie Gage sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was 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 approximately $18,768,105. The trade was a 9.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 44,174 shares of company stock valued at $19,502,359. Corporate insiders own 0.58% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Ciena

(Get 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.

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