Insider Selling: Ciena (NYSE:CIEN) CEO Sells 2,952 Shares of Stock

Posted by George Bondi on Jun 3rd, 2026

Ciena Corporation (NYSE:CIEN – Get Free Report) CEO Gary Smith sold 2,952 shares of Ciena stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $565.92, for a total transaction of $1,670,595.84. Following the completion of the transaction, the chief executive officer owned 269,557 shares of the company’s stock, valued at $152,547,697.44. This represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ciena Stock Performance

Ciena stock traded up $50.37 during mid-day trading on Tuesday, reaching $618.80. The company’s stock had a trading volume of 2,886,988 shares, compared to its average volume of 1,888,535. Ciena Corporation has a 12-month low of $70.77 and a 12-month high of $605.61. The company has a market capitalization of $87.50 billion, a P/E ratio of 371.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.14 and a current ratio of 2.81. The firm’s fifty day moving average price is $503.80 and its two-hundred day moving average price is $345.22.

Ciena (NYSE:CIEN – Get Free Report) last released its quarterly earnings data on Thursday, March 5th. The communications equipment provider reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.18. Ciena had a net margin of 4.47% and a return on equity of 12.09%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business earned $0.64 EPS. Ciena’s revenue was up 33.1% compared to the same quarter last year. Sell-side analysts predict that Ciena Corporation will post 5.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CIEN. Citigroup raised their price target on shares of Ciena from $345.00 to $658.00 and gave the company a “buy” rating in a report on Monday, May 18th. Needham & Company LLC raised their price target on shares of Ciena from $280.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, March 5th. JPMorgan Chase & Co. lifted their price objective on shares of Ciena from $380.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Wolfe Research reaffirmed an “outperform” rating and set a $375.00 price objective on shares of Ciena in a report on Thursday, March 5th. Finally, Evercore set a $330.00 price objective on shares of Ciena in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $420.39.

Read Our Latest Stock Analysis on Ciena

Hedge Funds Weigh In On Ciena

Hedge funds have recently modified their holdings of the company. Asset Dedication LLC boosted its stake in Ciena by 2,100.0% during the first quarter. Asset Dedication LLC now owns 88 shares of the communications equipment provider’s stock worth $34,000 after acquiring an additional 84 shares in the last quarter. Bogart Wealth LLC lifted its stake in shares of 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 buying an additional 89 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in shares of Ciena by 71.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 106 shares of the communications equipment provider’s stock worth $25,000 after buying an additional 44 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Ciena in the first quarter worth approximately $49,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Ciena by 85.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 141 shares of the communications equipment provider’s stock worth $55,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.

Ciena Company Profile

(Get 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.

Insider Buying and Selling by Quarter for Ciena (NYSE:CIEN)

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