Nykredit A S Makes New $33.01 Million Investment in Ciena Corporation $CIEN

Posted by Francis Steltz on Sep 4th, 2026

Nykredit A S purchased a new position in shares of Ciena Corporation (NYSE:CIEN – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 67,296 shares of the communications equipment provider’s stock, valued at approximately $33,013,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in Ciena during the fourth quarter worth approximately $2,747,810,000. State Street Corp raised its holdings 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 valued at $1,193,300,000 after acquiring an additional 750,128 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Ciena by 53.0% in 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 acquiring an additional 1,404,132 shares during the last quarter. Bank of America Corp DE raised its holdings 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 acquiring an additional 329,821 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of Ciena by 30,114.5% during 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 purchasing an additional 2,861,176 shares during the period. 91.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Joseph Cumello sold 1,586 shares of Ciena 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 transaction, the senior vice president directly owned 42,872 shares of the company’s stock, valued at $19,992,499.76. The trade was a 3.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brodie Gage sold 1,200 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $466.10, for a total value of $559,320.00. Following the sale, the senior vice president owned 42,741 shares of the company’s stock, valued at $19,921,580.10. The trade was a 2.73% 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 quarter, insiders sold 25,422 shares of company stock worth $11,038,802. Corporate insiders own 0.58% of the company’s stock.

Key Headlines Impacting Ciena

Here are the key news stories impacting Ciena this week:

Positive Sentiment: Ciena reported adjusted fiscal Q3 EPS of $2.11, well above the $1.73 analyst consensus, while revenue rose 37% year over year to $1.67 billion, exceeding expectations by approximately $30 million. AI-driven cloud and data-center networking demand contributed to the record performance. CIEN Q3 earnings beat on AI-led cloud demand
Positive Sentiment: Management raised fiscal 2026 revenue guidance to $6.4 billion-$6.5 billion, above the $6.3 billion consensus estimate. Ciena also expects fourth-quarter revenue of $1.7 billion-$1.8 billion, broadly in line with Wall Street forecasts. Ciena raises fiscal guidance
Positive Sentiment: The company projected at least 30% revenue growth in fiscal 2027, supported by a backlog exceeding $10 billion, and outlined a 25%-27% operating-margin outlook. These figures reinforce the long-term AI networking growth narrative. Ciena fiscal 2027 outlook
Neutral Sentiment: Needham lowered its price target from $600 to $520 but maintained a Buy rating. The revised target still implies substantial upside from the recent trading level, although it signals more cautious near-term expectations. Needham lowers Ciena price target
Negative Sentiment: Despite the earnings beat, fourth-quarter revenue guidance was viewed as merely in line, failing to exceed the elevated expectations embedded in Ciena’s high valuation. Reports emphasized that the stock trades at roughly 105 times earnings, making it vulnerable to disappointment or profit-taking. Ciena guidance overshadows earnings beat
Negative Sentiment: CEO Gary Smith sold 2,952 shares valued at approximately $1.07 million under a pre-arranged Rule 10b5-1 plan. The transaction reduced his direct holdings by 1.2% and is a modest negative signal, though its scheduled nature limits its significance. Ciena CEO Form 4 filing

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CIEN. TD Cowen decreased their price objective on Ciena from $675.00 to $575.00 and set a “buy” rating on the stock in a report on Tuesday, August 18th. Citigroup upped their target price on Ciena from $345.00 to $658.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Argus set a $650.00 price target on Ciena in a research note on Friday, June 5th. Evercore set a $375.00 price target on Ciena in a research note on Thursday. Finally, Barclays lifted their price target on Ciena from $372.00 to $607.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $523.17.

Read Our Latest Stock Report on CIEN

Ciena Stock Down 10.7%

Shares of NYSE CIEN opened at $316.20 on Friday. The stock has a market capitalization of $44.76 billion, a PE ratio of 105.40 and a beta of 1.30. 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 fifty day moving average of $406.81 and a 200-day moving average of $438.12. Ciena Corporation has a 52-week low of $110.90 and a 52-week high of $637.51.

Ciena (NYSE:CIEN – Get Free Report) last issued its earnings results on Thursday, September 3rd. The communications equipment provider reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.38. Ciena had a return on equity of 18.15% and a net margin of 7.87%.The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was up 37.0% compared to the same quarter last year. On average, analysts anticipate that Ciena Corporation will post 5.42 EPS for the current year.

Ciena Company 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.