Parkway Wealth Management Group LLC Buys New Stake in Ciena Corporation $CIEN

Posted by Brian Himes on Jun 26th, 2026

Parkway Wealth Management Group LLC purchased a new stake in Ciena Corporation (NYSE:CIEN – Free Report) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 6,264 shares of the communications equipment provider’s stock, valued at approximately $2,432,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in shares of Ciena in the 4th quarter valued at about $2,747,810,000. State Street Corp grew its holdings in Ciena by 17.2% during the fourth quarter. State Street Corp now owns 5,102,409 shares of the communications equipment provider’s stock worth $1,193,300,000 after acquiring an additional 750,128 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Ciena by 53.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,051,625 shares of the communications equipment provider’s stock worth $947,554,000 after acquiring an additional 1,404,132 shares during the period. Bank of America Corp DE raised its position in Ciena by 10.4% during the second quarter. Bank of America Corp DE now owns 3,495,795 shares of the communications equipment provider’s stock valued at $284,313,000 after acquiring an additional 329,821 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in Ciena by 30,114.5% during the fourth quarter. Corient Private Wealth LLC now owns 2,870,677 shares of the communications equipment provider’s stock valued at $671,365,000 after acquiring an additional 2,861,176 shares in the last quarter. 91.99% of the stock is owned by institutional investors and hedge funds.

Ciena Stock Up 4.5%

Ciena stock opened at $484.29 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.73 and a quick ratio of 2.11. The stock has a market capitalization of $68.55 billion, a PE ratio of 161.43 and a beta of 1.24. The business has a 50 day simple moving average of $518.44 and a 200-day simple moving average of $380.77. Ciena Corporation has a 12 month low of $76.89 and a 12 month high of $637.51.

Ciena (NYSE:CIEN – Get Free Report) last announced its earnings results on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.18. The firm had revenue of $1.57 billion for 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%.The business’s revenue was up 39.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. On average, analysts anticipate that Ciena Corporation will post 5.41 EPS for the current fiscal year.

Insider Transactions at Ciena

In related news, SVP Jason Phipps sold 22,014 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president owned 68 shares in the company, valued at $27,866.40. This represents a 99.69% decrease in their position. The transaction 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, CEO Gary B. Smith sold 2,952 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $457.02, for a total transaction of $1,349,123.04. Following the completion of the transaction, the chief executive officer directly owned 266,605 shares in the company, valued at $121,843,817.10. This represents a 1.10% 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 40,374 shares of company stock valued at $18,324,470 over the last 90 days. Corporate insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CIEN shares. UBS Group upped their price objective on Ciena from $285.00 to $508.00 and gave the stock a “neutral” rating in a research report on Friday, June 5th. Rosenblatt Securities boosted their target price on shares of Ciena from $350.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Argus set a $650.00 price target on shares of Ciena in a report on Friday, June 5th. Needham & Company LLC restated a “buy” rating and set a $600.00 price target on shares of Ciena in a research report on Tuesday. Finally, Stifel Nicolaus set a $615.00 price objective on shares of Ciena in a report on Friday, May 29th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $530.56.

Read 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.