Lansforsakringar Fondforvaltning AB publ Acquires New Stake in Ciena Corporation $CIEN

Posted by Francis Steltz on Jul 4th, 2026

Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Ciena Corporation (NYSE:CIEN – Free Report) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 3,513 shares of the communications equipment provider’s stock, valued at approximately $1,364,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Community Bank N.A. bought a new position in Ciena during the 3rd quarter valued at $25,000. Transamerica Financial Advisors LLC raised its stake in shares of Ciena by 71.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 106 shares of the communications equipment provider’s stock worth $25,000 after buying an additional 44 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Ciena in the 4th quarter worth $35,000. Truvestments Capital LLC lifted its holdings in shares of Ciena by 45.3% in the fourth quarter. Truvestments Capital LLC now owns 154 shares of the communications equipment provider’s stock valued at $36,000 after buying an additional 48 shares during the period. Finally, Acumen Wealth Advisors LLC acquired a new stake in shares of Ciena in the fourth quarter valued at $40,000. 91.99% of the stock is currently owned by institutional investors and hedge funds.

Ciena Stock Performance

CIEN opened at $422.47 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.73 and a debt-to-equity ratio of 0.53. The firm has a market cap of $59.80 billion, a PE ratio of 140.82 and a beta of 1.27. The business has a fifty day simple moving average of $513.83 and a 200-day simple moving average of $389.62. Ciena Corporation has a fifty-two week low of $76.89 and a fifty-two week 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, topping 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 company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. Ciena’s revenue for the quarter was up 39.5% compared to the same quarter last year. As a group, equities analysts predict that Ciena Corporation will post 5.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CIEN has been the subject of several research reports. Northland Securities set a $450.00 target price on Ciena in a research note on Friday, June 5th. Citigroup boosted their price target on shares of Ciena from $345.00 to $658.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Zacks Research downgraded shares of Ciena from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their price objective on shares of Ciena from $380.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Ciena in a research note on Tuesday, June 23rd. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Ciena currently has an average rating of “Moderate Buy” and a consensus target price of $530.56.

View Our Latest Analysis on CIEN

Insider Buying and Selling

In other Ciena news, CFO Marc D. Graff sold 126 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $449.36, for a total transaction of $56,619.36. Following the completion of the sale, the chief financial officer directly owned 127,081 shares of the company’s stock, valued at approximately $57,105,118.16. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brodie Gage sold 1,200 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $570.65, for a total transaction of $684,780.00. Following the completion of the transaction, the senior vice president owned 43,941 shares of the company’s stock, valued at approximately $25,074,931.65. The trade was a 2.66% 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. Over the last 90 days, insiders sold 17,120 shares of company stock worth $8,872,766. Company insiders own 0.58% of the company’s stock.

About Ciena

(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.