Ciena (NYSE:CIEN) CEO Sells 2,952 Shares of Stock

Posted by Geri Gentry on Jul 6th, 2026

Ciena Corporation (NYSE:CIEN – Get Free Report) CEO Gary Smith sold 2,952 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $468.83, for a total value of $1,383,986.16. Following the sale, the chief executive officer owned 254,886 shares of the company’s stock, valued at approximately $119,498,203.38. This trade represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ciena Trading Up 2.7%

Shares of NYSE CIEN traded up $11.54 during mid-day trading on Monday, reaching $434.00. 1,310,485 shares of the company’s stock were exchanged, compared to its average volume of 3,158,356. The company’s 50-day moving average is $513.83 and its 200-day moving average is $390.84. Ciena Corporation has a 52-week low of $76.89 and a 52-week high of $637.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.11 and a current ratio of 2.73. The firm has a market capitalization of $61.43 billion, a price-to-earnings ratio of 144.67 and a beta of 1.27.

Ciena (NYSE:CIEN – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. Ciena had a net margin of 7.87% and a return on equity of 18.15%. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. Analysts expect that Ciena Corporation will post 5.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Raymond James Financial upped their price target on shares of Ciena from $320.00 to $530.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Northland Securities set a $450.00 target price on shares of Ciena in a report on Friday, June 5th. JPMorgan Chase & Co. boosted 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. Needham & Company LLC reiterated a “buy” rating and issued a $600.00 price target on shares of Ciena in a report on Tuesday, June 23rd. Finally, Zacks Research lowered Ciena from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $530.56.

View Our Latest Research Report on CIEN

Institutional Investors Weigh In On Ciena

A number of institutional investors have recently made changes to their positions in CIEN. Community Bank N.A. bought a new position in shares of Ciena during the third quarter worth about $25,000. Transamerica Financial Advisors LLC grew 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 purchasing an additional 44 shares during the last quarter. Asset Dedication LLC grew its position in Ciena by 2,100.0% in the first quarter. Asset Dedication LLC now owns 88 shares of the communications equipment provider’s stock worth $34,000 after buying an additional 84 shares during the last quarter. Hilltop National Bank bought a new position in shares of Ciena in the fourth quarter valued at $35,000. Finally, Truvestments Capital LLC grew its holdings in shares of Ciena by 45.3% in the 4th quarter. Truvestments Capital LLC now owns 154 shares of the communications equipment provider’s stock worth $36,000 after acquiring an additional 48 shares during the last quarter. 91.99% of the stock is currently owned by institutional investors.

Ciena Company Profile

(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.