Trust Asset Management LLC Acquires Shares of 1,565 Ciena Corporation $CIEN

Posted by George Bondi on Aug 6th, 2026

Trust Asset Management LLC acquired a new position in shares of Ciena Corporation (NYSE:CIEN – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 1,565 shares of the communications equipment provider’s stock, valued at approximately $787,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in shares of Ciena during the 4th quarter worth approximately $2,747,810,000. State Street Corp increased its stake in Ciena by 17.2% in the 4th quarter. State Street Corp now owns 5,102,409 shares of the communications equipment provider’s stock worth $1,193,300,000 after buying an additional 750,128 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Ciena by 53.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,051,625 shares of the communications equipment provider’s stock valued at $947,554,000 after buying an additional 1,404,132 shares in the last quarter. Bank of America Corp DE boosted its position in Ciena by 10.4% in the 2nd 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 buying an additional 329,821 shares during the period. Finally, Corient Private Wealth LLC grew its stake in Ciena by 30,114.5% in the 4th quarter. Corient Private Wealth LLC now owns 2,870,677 shares of the communications equipment provider’s stock worth $671,365,000 after acquiring an additional 2,861,176 shares in the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.

Key Headlines Impacting Ciena

Here are the key news stories impacting Ciena this week:

Positive Sentiment: A potential U.S. ban on vital Chinese data-center hardware could redirect spending toward Ciena and other North American networking-equipment providers. The Trump Administration Just Gave Ciena Stock a Huge Boost
Positive Sentiment: AI-related networking demand remains a major growth driver, supporting expectations for continued investment in high-capacity optical and data-center infrastructure. Ciena in Focus as AI Fuels Networking Demand
Positive Sentiment: e& UAE unveiled a DWDM network powered by Ciena technology, providing evidence of international commercial adoption of its high-speed connectivity solutions. e& UAE Unveils Future-Ready DWDM Network
Positive Sentiment: Ciena, Toshiba and Quantum Corridor completed a 1.6 Tb/s quantum-safe encryption trial on a live commercial network, highlighting potential future applications for Ciena’s optical technology without requiring new hardware. Ciena Completes Quantum Safe Networking Trial
Neutral Sentiment: Ciena was named among the Network X Awards 2026 finalists, offering industry recognition but limited immediate financial impact. Network X Awards 2026 Finalists Announced
Negative Sentiment: Zacks Research downgraded Ciena from “Strong Buy” to “Hold,” potentially limiting near-term buying interest.
Negative Sentiment: CEO Gary Smith sold 2,952 shares worth approximately $1.12 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature reduces its significance, but the transaction is still a modest sentiment headwind.

Insider Activity at Ciena

In other Ciena news, SVP Joseph Cumello sold 1,586 shares of the business’s stock in a transaction that occurred on 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 directly owned 42,872 shares of the company’s stock, valued at approximately $19,992,499.76. The trade was a 3.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marc D. Graff sold 126 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $466.20, for a total transaction of $58,741.20. Following the sale, the chief financial officer directly owned 126,955 shares in the company, valued at $59,186,421. The trade was a 0.10% 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. Insiders sold 21,627 shares of company stock valued at $10,508,776 in the last 90 days. 0.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CIEN shares. TD Cowen lifted their target price on Ciena from $425.00 to $675.00 and gave the company a “buy” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. upped their price objective on shares of Ciena from $380.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. B. Riley Financial raised their target price on shares of Ciena from $283.00 to $531.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Rosenblatt Securities upped their price target on shares of Ciena from $350.00 to $720.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Finally, Zacks Research downgraded shares of Ciena from a “strong-buy” rating to a “hold” rating in a research note on Monday. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $530.56.

Check Out Our Latest Research Report on Ciena

Ciena Stock Performance

Shares of CIEN stock opened at $408.77 on Thursday. Ciena Corporation has a 1 year low of $84.41 and a 1 year high of $637.51. The firm has a market capitalization of $57.86 billion, a price-to-earnings ratio of 136.26 and a beta of 1.30. 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 business has a fifty day moving average of $446.35 and a 200 day moving average of $418.18.

Ciena (NYSE:CIEN – Get Free Report) last issued its earnings results 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. Ciena had a return on equity of 18.15% and a net margin of 7.87%.The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Ciena’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, research analysts expect that Ciena Corporation will post 5.4 earnings per share for the current year.

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.