Teachers Retirement System of The State of Kentucky Trims Stock Holdings in Ciena Corporation $CIEN

Posted by Brenda Bartman on Jul 15th, 2026

Teachers Retirement System of The State of Kentucky lowered its holdings in Ciena Corporation (NYSE:CIEN – Free Report) by 74.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,090 shares of the communications equipment provider’s stock after selling 33,014 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Ciena were worth $4,306,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Bogart Wealth LLC boosted its holdings in Ciena by 635.7% in the 1st quarter. Bogart Wealth LLC now owns 103 shares of the communications equipment provider’s stock worth $40,000 after buying an additional 89 shares during the period. Transamerica Financial Advisors LLC raised its holdings in Ciena by 71.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 106 shares of the communications equipment provider’s stock valued at $25,000 after acquiring an additional 44 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Ciena by 85.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 141 shares of the communications equipment provider’s stock worth $55,000 after acquiring an additional 65 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Ciena during the fourth quarter worth $35,000. Finally, Truvestments Capital LLC lifted its position in shares of Ciena by 45.3% during the fourth quarter. Truvestments Capital LLC now owns 154 shares of the communications equipment provider’s stock worth $36,000 after acquiring an additional 48 shares in the last quarter. 91.99% of the stock is currently owned by hedge funds and other institutional investors.

Ciena Stock Up 0.3%

Shares of NYSE:CIEN opened at $446.97 on Wednesday. The firm has a fifty day moving average price of $504.73 and a two-hundred day moving average price of $401.67. The company has a market cap of $63.27 billion, a price-to-earnings ratio of 148.99 and a beta of 1.27. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.73 and a quick ratio of 2.11. Ciena Corporation has a one year low of $80.83 and a one year high of $637.51.

Ciena (NYSE:CIEN – Get Free Report) last released its quarterly earnings results on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.18. Ciena had a net margin of 7.87% and a return on equity of 18.15%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The business’s quarterly revenue was up 39.5% on a year-over-year basis. Analysts anticipate that Ciena Corporation will post 5.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CIEN shares. JPMorgan Chase & Co. lifted their price target on Ciena from $380.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Zacks Research raised Ciena from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Argus set a $650.00 target price on Ciena in a research note on Friday, June 5th. Needham & Company LLC restated a “buy” rating and issued a $600.00 target price on shares of Ciena in a research note on Tuesday, June 23rd. Finally, Stifel Nicolaus set a $615.00 target price on Ciena in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $530.56.

Get Our Latest Analysis on Ciena

Insider Buying and Selling at Ciena

In related news, CEO Gary B. Smith sold 2,952 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $562.05, for a total transaction of $1,659,171.60. Following the completion of the transaction, the chief executive officer directly owned 272,509 shares in the company, valued at $153,163,683.45. The trade was a 1.07% 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 Joseph Cumello sold 1,586 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $466.33, for a total value of $739,599.38. Following the completion of the transaction, the senior vice president owned 42,872 shares in the company, valued at $19,992,499.76. This represents a 3.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,627 shares of company stock valued at $10,974,985 over the last 90 days. 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.