The Manufacturers Life Insurance Company Reduces Stake in Ciena Corporation $CIEN

Posted by George Bondi on Aug 1st, 2026

The Manufacturers Life Insurance Company reduced its holdings in Ciena Corporation (NYSE:CIEN – Free Report) by 20.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 75,998 shares of the communications equipment provider’s stock after selling 19,701 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Ciena were worth $29,505,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bogart Wealth LLC lifted its stake in Ciena by 635.7% in the first quarter. Bogart Wealth LLC now owns 103 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 89 shares during the period. Transamerica Financial Advisors LLC boosted its holdings in Ciena by 71.0% in the fourth 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 in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Ciena by 85.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 141 shares of the communications equipment provider’s stock valued at $55,000 after purchasing an additional 65 shares during the period. Truvestments Capital LLC increased its position in Ciena by 45.3% during the 4th quarter. Truvestments Capital LLC now owns 154 shares of the communications equipment provider’s stock valued at $36,000 after purchasing an additional 48 shares during the period. Finally, Ascentis Independent Advisors bought a new position in Ciena in the 1st quarter worth $65,000. 91.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ciena

In other Ciena news, SVP Jason Phipps sold 2,629 shares of Ciena stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $466.20, for a total transaction of $1,225,639.80. Following the completion of the transaction, the senior vice president owned 62,382 shares in the company, valued at approximately $29,082,488.40. The trade was a 4.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary B. Smith sold 2,952 shares of Ciena stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $468.83, for a total value of $1,383,986.16. Following the transaction, the chief executive officer owned 254,886 shares of the company’s stock, valued at $119,498,203.38. The trade was a 1.14% decrease in their position. 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 18,675 shares of company stock worth $9,387,576. Company insiders own 0.58% of the company’s stock.

Ciena Stock Up 1.4%

Shares of Ciena stock opened at $377.33 on Friday. Ciena Corporation has a 1 year low of $84.41 and a 1 year high of $637.51. The firm has a market cap of $53.41 billion, a price-to-earnings ratio of 125.78 and a beta of 1.27. The company has a 50-day moving average of $457.45 and a 200 day moving average of $413.52. 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 (NYSE:CIEN – Get Free Report) last posted its quarterly earnings data on Thursday, June 4th. The communications equipment provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.46 by $0.18. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. Ciena had a net margin of 7.87% and a return on equity of 18.15%. Ciena’s quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. As a group, sell-side analysts anticipate that Ciena Corporation will post 5.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on CIEN. B. Riley Financial raised their target price on shares of Ciena from $283.00 to $531.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Rothschild & Co Redburn initiated coverage on shares of Ciena in a research report on Friday, May 1st. They set a “neutral” rating and a $416.00 price target on the stock. Barclays increased their price target on shares of Ciena from $372.00 to $607.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Northland Securities set a $450.00 price objective on shares of Ciena in a report on Friday, June 5th. Finally, Zacks Research raised Ciena from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $530.56.

Get Our Latest Stock 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.