Kathmere Capital Management LLC Takes $585,000 Position in Ciena Corporation $CIEN

Posted by George Bondi on Jul 8th, 2026

Kathmere Capital Management LLC purchased a new position in Ciena Corporation (NYSE:CIEN – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,507 shares of the communications equipment provider’s stock, valued at approximately $585,000.

Several other large investors have also recently made changes to their positions in CIEN. Bogart Wealth LLC raised its stake in Ciena by 635.7% in the 1st quarter. Bogart Wealth LLC now owns 103 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 89 shares during the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Ciena by 71.0% during 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. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Ciena by 85.5% during 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. Hilltop National Bank acquired a new stake in shares of Ciena in the fourth quarter valued at about $35,000. Finally, Truvestments Capital LLC raised its position in shares of Ciena by 45.3% in the fourth quarter. Truvestments Capital LLC now owns 154 shares of the communications equipment provider’s stock valued at $36,000 after buying an additional 48 shares during the last quarter. 91.99% of the stock is currently owned by hedge funds and other institutional investors.

Ciena News Summary

Here are the key news stories impacting Ciena this week:

Positive Sentiment: Ciena’s Blue Planet AI proof of concept with Telefónica Deutschland is being highlighted as a potential catalyst for software growth and enterprise 5G network-slicing opportunities, reinforcing its role in AI-driven network automation. How AI-Driven 5G Network Slicing Positions Ciena for Long-Term Growth
Positive Sentiment: Several recent articles continue to frame CIEN as an AI infrastructure beneficiary and a growth stock, suggesting investors still see upside tied to demand for networking gear and automation software. Ciena: Successfully Riding The AI-Powered Wave
Positive Sentiment: Ciena was also included in lists of top-ranked July growth stocks, with AI demand cited as a supportive backdrop for the shares. 5 Top-Ranked Growth Stocks to Buy for July After a Mixed June
Neutral Sentiment: Ciena named new supply chain and product technology chiefs, a leadership update that may help execution over time but is not an immediate earnings catalyst. Ciena (CIEN) Names New Supply Chain and Product Technology Chiefs
Neutral Sentiment: CEO Gary B. Smith and CFO Marc Graff disclosed small share sales under pre-arranged 10b5-1 plans; the transactions are worth watching, but they do not necessarily point to a fundamental change in outlook. Ciena Insider Trades
Negative Sentiment: Some recent commentary warns that after a strong year-to-date run, CIEN may be facing valuation concerns, which can weigh on the stock even when the business outlook remains constructive. Ciena (CIEN) Growth Index Entry Puts Its Valuation Back In Focus

Wall Street Analyst Weigh In

CIEN has been the topic of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $600.00 price target on shares of Ciena in a research note on Tuesday, June 23rd. Barclays increased their price objective on shares of Ciena from $372.00 to $607.00 and gave the company an “overweight” rating in a report on Friday, June 5th. UBS Group raised their target price on shares of Ciena from $285.00 to $508.00 and gave the stock a “neutral” rating in a research note on Friday, June 5th. TD Cowen boosted their target price on Ciena from $425.00 to $675.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Morgan Stanley upped their price target on Ciena from $405.00 to $490.00 and gave the company an “equal weight” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ciena currently has an average rating of “Moderate Buy” and an average price target of $530.56.

Read Our Latest Stock Analysis on CIEN

Insider Activity at Ciena

In related news, CEO Gary B. Smith sold 2,952 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $468.83, for a total value of $1,383,986.16. Following the sale, the chief executive officer directly owned 254,886 shares in the company, valued at approximately $119,498,203.38. The trade was a 1.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jason Phipps sold 2,629 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $466.20, for a total transaction of $1,225,639.80. Following the completion of the transaction, the senior vice president directly owned 62,382 shares in the company, valued at $29,082,488.40. The trade was a 4.04% 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 have sold 22,827 shares of company stock valued at $11,541,133 over the last 90 days. Corporate insiders own 0.58% of the company’s stock.

Ciena Stock Performance

Ciena stock opened at $418.27 on Wednesday. The firm has a 50 day simple moving average of $510.15 and a 200-day simple moving average of $393.93. The stock has a market cap of $59.21 billion, a price-to-earnings ratio of 139.42 and a beta of 1.27. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.73 and a quick ratio of 2.11. Ciena Corporation has a 1-year low of $76.89 and a 1-year high of $637.51.

Ciena (NYSE:CIEN – Get Free Report) last released its quarterly earnings results on Thursday, June 4th. The communications equipment provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.46 by $0.18. Ciena had a net margin of 7.87% and a return on equity of 18.15%. 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 previous year, the company earned $0.42 EPS. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. On average, analysts expect that Ciena Corporation will post 5.4 EPS for the current year.

About Ciena

(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.