Ciena (NYSE:CIEN) Rating Lowered to “Hold” at Wall Street Zen

Posted by Brian Himes on Oct 19th, 2026

Ciena (NYSE:CIEN – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

CIEN has been the topic of several other reports. Argus set a $550.00 price target on Ciena in a research report on Thursday, September 10th. Citigroup reissued a “buy” rating on shares of Ciena in a research report on Friday, September 4th. Evercore raised Ciena from an “in-line” rating to an “outperform” rating and set a $550.00 price objective for the company in a research report on Monday, September 21st. Sanford C. Bernstein began coverage on shares of Ciena in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $440.00 price objective on the stock. Finally, Weiss Ratings cut shares of Ciena from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Ciena presently has a consensus rating of “Moderate Buy” and a consensus target price of $506.11.

Read Our Latest Analysis on CIEN

Ciena Trading Down 0.3%

Shares of NYSE:CIEN opened at $331.73 on Friday. The company has a market cap of $47.04 billion, a P/E ratio of 74.05, a P/E/G ratio of 4.62 and a beta of 1.28. The stock’s 50-day moving average is $376.08 and its 200-day moving average is $440.79. Ciena has a 52-week low of $159.56 and a 52-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.

Ciena (NYSE:CIEN – Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The communications equipment provider reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.38. Ciena had a return on equity of 25.33% and a net margin of 10.87%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter was up 37.0% on a year-over-year basis. Equities research analysts predict that Ciena will post 6.00 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Marc D. Graff sold 97 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $355.19, for a total transaction of $34,453.43. Following the transaction, the chief financial officer owned 107,136 shares in the company, valued at $38,053,635.84. This represents a 0.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce Claflin sold 2,857 shares of the company’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $355.91, for a total transaction of $1,016,834.87. Following the transaction, the director owned 8,279 shares in the company, valued at approximately $2,946,578.89. This trade represents a 25.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,862 shares of company stock valued at $12,017,320 in the last 90 days. 0.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ciena

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in shares of Ciena during the second quarter valued at approximately $404,948,000. Swiss National Bank increased its holdings in shares of Ciena by 7.0% in the first quarter. Swiss National Bank now owns 413,332 shares of the communications equipment provider’s stock valued at $160,468,000 after purchasing an additional 26,900 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Ciena by 10.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 321,825 shares of the communications equipment provider’s stock worth $124,942,000 after purchasing an additional 31,098 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Ciena by 24.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 266,384 shares of the communications equipment provider’s stock worth $93,719,000 after purchasing an additional 52,382 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Ciena by 309.8% during the 1st quarter. Hsbc Holdings PLC now owns 223,203 shares of the communications equipment provider’s stock worth $86,509,000 after buying an additional 168,736 shares in the last quarter. 91.99% of the stock is owned by institutional investors.

Ciena Company Profile

(Get Free Report)

Ciena Corporation (NYSE: CIEN) is a networking technology company that provides hardware, software, and services for communications networks. Its solutions help telecommunications carriers, cloud providers, enterprises, government organizations, and research institutions build, manage, and automate high-capacity networks.

The company’s portfolio includes optical networking systems, routing and switching platforms, network automation software, and network management tools. Ciena also offers consulting, implementation, maintenance, and professional services designed to support network planning, deployment, optimization, and ongoing operations.