Ciena Corporation $CIEN Shares Sold by Bank of New York Mellon Corp

Posted by Stanley Muller on Jul 18th, 2026

Bank of New York Mellon Corp lessened its position in Ciena Corporation (NYSE:CIEN – Free Report) by 17.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 926,858 shares of the communications equipment provider’s stock after selling 191,284 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ciena were worth $359,834,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV boosted its position in shares of Ciena by 11.3% during the 4th quarter. KBC Group NV now owns 31,161 shares of the communications equipment provider’s stock valued at $7,288,000 after acquiring an additional 3,156 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Ciena by 53.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 445,359 shares of the communications equipment provider’s stock valued at $104,156,000 after purchasing an additional 155,712 shares during the last quarter. FengHe Fund Management Pte. Ltd. raised its holdings in shares of Ciena by 164.0% in the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 660,988 shares of the communications equipment provider’s stock valued at $154,585,000 after buying an additional 410,588 shares during the period. TKG Advisors LLC purchased a new stake in Ciena during the first quarter worth about $3,244,000. Finally, DNB Asset Management AS increased its stake in Ciena by 1,095.8% during the 4th quarter. DNB Asset Management AS now owns 27,527 shares of the communications equipment provider’s stock worth $6,438,000 after buying an additional 25,225 shares during the period. 91.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ciena

In other news, SVP Brodie Gage sold 1,200 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $466.10, for a total value of $559,320.00. Following the completion of the sale, the senior vice president owned 42,741 shares of the company’s stock, valued at $19,921,580.10. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jason Phipps sold 2,629 shares of Ciena stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $466.20, for a total value of $1,225,639.80. Following the transaction, the senior vice president directly owned 62,382 shares in the company, valued at approximately $29,082,488.40. This trade represents 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. Over the last 90 days, insiders sold 21,627 shares of company stock worth $10,974,985. Insiders own 0.58% of the company’s stock.

Ciena Stock Performance

Shares of CIEN opened at $373.72 on Friday. The stock has a market capitalization of $52.90 billion, a P/E ratio of 124.57 and a beta of 1.27. Ciena Corporation has a 12-month low of $83.20 and a 12-month high of $637.51. The firm’s 50 day moving average is $495.15 and its 200-day moving average is $403.75. 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 (NYSE:CIEN – Get Free Report) last released its quarterly earnings data on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.18. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. Ciena had a return on equity of 18.15% and a net margin of 7.87%.The company’s revenue was up 39.5% compared to the same quarter last year. During the same period last year, the company posted $0.42 EPS. Equities research analysts anticipate that Ciena Corporation will post 5.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CIEN. TD Cowen upped their price target on Ciena from $425.00 to $675.00 and gave the company a “buy” rating in a report on Friday, May 15th. Rosenblatt Securities upped their price objective on shares of Ciena from $350.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Morgan Stanley boosted their price objective on shares of Ciena from $405.00 to $490.00 and gave the stock an “equal weight” rating in a report on Friday, June 5th. Barclays raised their price objective on Ciena from $372.00 to $607.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Finally, Bank of America increased their price target on Ciena from $550.00 to $660.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $530.56.

Check Out Our Latest Analysis on CIEN

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.