Ciena Corporation $CIEN is Front Street Capital Management Inc.’s 9th Largest Position

Posted by Stanley Muller on Jul 31st, 2026

Front Street Capital Management Inc. lessened its stake in shares of Ciena Corporation (NYSE:CIEN – Free Report) by 30.9% during the 1st quarter, Holdings Channel reports. The fund owned 59,605 shares of the communications equipment provider’s stock after selling 26,654 shares during the period. Ciena comprises approximately 3.0% of Front Street Capital Management Inc.’s holdings, making the stock its 9th largest position. Front Street Capital Management Inc.’s holdings in Ciena were worth $23,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in shares of Ciena during the 4th quarter worth $2,747,810,000. Corient Private Wealth LLC boosted its position in Ciena by 30,114.5% during the fourth quarter. Corient Private Wealth LLC now owns 2,870,677 shares of the communications equipment provider’s stock valued at $671,365,000 after purchasing an additional 2,861,176 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Ciena by 53.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,051,625 shares of the communications equipment provider’s stock valued at $947,554,000 after purchasing an additional 1,404,132 shares during the last quarter. Atreides Management LP purchased a new position in Ciena in the second quarter valued at about $102,705,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Ciena by 2,174.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,143,855 shares of the communications equipment provider’s stock worth $166,625,000 after purchasing an additional 1,093,557 shares in the last quarter. 91.99% of the stock is currently owned by hedge funds and other institutional investors.

Ciena Trading Up 12.4%

Ciena stock opened at $371.37 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.11 and a current ratio of 2.73. The stock has a market cap of $52.57 billion, a PE ratio of 123.79 and a beta of 1.27. The stock has a 50-day moving average of $461.58 and a two-hundred day moving average of $413.77. Ciena Corporation has a one year low of $84.41 and a one year high of $637.51.

Ciena (NYSE:CIEN – Get Free Report) last issued its quarterly earnings results on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.18. Ciena had a return on equity of 18.15% and a net margin of 7.87%.The business 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 firm earned $0.42 earnings per share. The company’s revenue was up 39.5% on a year-over-year basis. On average, research analysts anticipate that Ciena Corporation will post 5.4 EPS for the current fiscal year.

Insider Buying and Selling

In other Ciena news, SVP Joseph Cumello sold 1,586 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $466.33, for a total transaction of $739,599.38. Following the transaction, the senior vice president owned 42,872 shares in the company, valued at approximately $19,992,499.76. This represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jason Phipps sold 2,629 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was 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 of the company’s stock, valued at approximately $29,082,488.40. This represents a 4.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,675 shares of company stock worth $9,387,576 over the last ninety days. Company insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on CIEN shares. Raymond James Financial increased their price target on shares of Ciena from $320.00 to $530.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Morgan Stanley lifted their price objective on shares of Ciena from $405.00 to $490.00 and gave the stock an “equal weight” rating in a research report on Friday, June 5th. Argus set a $650.00 target price on shares of Ciena in a research report on Friday, June 5th. Barclays raised their target price on shares of Ciena from $372.00 to $607.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Finally, Rothschild & Co Redburn began coverage on shares of Ciena in a report on Friday, May 1st. They issued a “neutral” rating and a $416.00 price target on the stock. 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 stock. According to MarketBeat, Ciena currently has a consensus rating of “Moderate Buy” and an average price target of $530.56.

View Our Latest Research Report on Ciena

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.