Insider Selling: Ciena (NYSE:CIEN) Director Sells $1,342,091.52 in Stock

Posted by George Bondi on Sep 28th, 2026

Ciena Corporation (NYSE:CIEN – Get Free Report) Director Thomas Nevens sold 3,738 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $359.04, for a total value of $1,342,091.52. Following the completion of the sale, the director directly owned 6,289 shares of the company’s stock, valued at approximately $2,258,002.56. This represents a 37.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Ciena Price Performance

Shares of CIEN stock opened at $356.33 on Monday. Ciena Corporation has a fifty-two week low of $138.12 and a fifty-two week high of $637.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.17 and a current ratio of 3.80. The firm has a market capitalization of $50.53 billion, a price-to-earnings ratio of 79.54, a PEG ratio of 4.96 and a beta of 1.30. The stock’s 50-day simple moving average is $375.76 and its 200-day simple moving average is $439.90.

Ciena (NYSE:CIEN – Get Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The communications equipment provider reported $2.11 EPS for the quarter, beating the consensus estimate of $1.73 by $0.38. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. Ciena had a net margin of 10.87% and a return on equity of 25.33%. Ciena’s revenue was up 37.0% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. As a group, equities analysts forecast that Ciena Corporation will post 6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ciena

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CIEN. Markowski Investments purchased a new stake in shares of Ciena in the second quarter worth about $28,000. Carolina Wealth Advisors LLC raised its position in Ciena by 57.8% during the second quarter. Carolina Wealth Advisors LLC now owns 71 shares of the communications equipment provider’s stock valued at $35,000 after acquiring an additional 26 shares in the last quarter. Asset Dedication LLC lifted its holdings in Ciena by 2,100.0% in the first quarter. Asset Dedication LLC now owns 88 shares of the communications equipment provider’s stock valued at $34,000 after acquiring an additional 84 shares during the period. Bogart Wealth LLC lifted its holdings in Ciena by 635.7% in the first quarter. Bogart Wealth LLC now owns 103 shares of the communications equipment provider’s stock valued at $40,000 after acquiring an additional 89 shares during the period. Finally, Western Wealth Management LLC acquired a new position in Ciena in the first quarter valued at approximately $49,000. 91.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CIEN has been the subject of several research reports. Argus set a $550.00 price objective on shares of Ciena in a research note on Thursday, September 10th. Morgan Stanley reissued a “positive” rating on shares of Ciena in a research report on Thursday, September 17th. Northland Securities set a $550.00 target price on Ciena in a research note on Thursday, September 17th. Rosenblatt Securities reaffirmed a “buy” rating and set a $525.00 price target on shares of Ciena in a research report on Thursday, September 17th. Finally, JPMorgan Chase & Co. dropped their price target on Ciena from $635.00 to $605.00 and set an “overweight” rating on the stock in a research note on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $492.68.

View Our Latest Research Report on Ciena

About Ciena

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Ciena Corporation (NYSE: CIEN) is a networking technology company that provides hardware, software and services for communications networks. Its solutions help service providers, cloud companies, enterprises and government organizations build, manage and automate high-capacity networks that support broadband, cloud computing, data center interconnection and other digital services.

The company’s product portfolio includes optical networking systems, coherent optical technology, routers, switches, network control and automation software, and network management tools.