Gemmer Asset Management LLC Purchases New Position in Ciena Corporation $CIEN

Posted by Stanley Muller on Sep 10th, 2026

Gemmer Asset Management LLC acquired a new position in shares of Ciena Corporation (NYSE:CIEN – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,686 shares of the communications equipment provider’s stock, valued at approximately $3,280,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in shares of Ciena by 53.8% during 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 acquiring an additional 155,712 shares in the last quarter. TKG Advisors LLC acquired a new position in Ciena in the 1st quarter worth about $3,244,000. Swiss National Bank increased its holdings in Ciena by 7.0% in the 1st quarter. Swiss National Bank now owns 413,332 shares of the communications equipment provider’s stock worth $160,468,000 after purchasing an additional 26,900 shares in the last quarter. DNB Asset Management AS raised its position in Ciena by 1,095.8% in the fourth quarter. DNB Asset Management AS now owns 27,527 shares of the communications equipment provider’s stock valued at $6,438,000 after purchasing an additional 25,225 shares during the last quarter. Finally, Wealth High Governance Capital Ltda acquired a new stake in shares of Ciena during the first quarter valued at about $10,883,000. Institutional investors own 91.99% of the company’s stock.

Insider Activity at Ciena

In other Ciena news, CFO Marc D. Graff sold 4,995 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $430.72, for a total transaction of $2,151,446.40. Following the completion of the sale, the chief financial officer directly owned 107,519 shares in the company, valued at approximately $46,310,583.68. This trade represents a 4.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary Smith sold 2,952 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $362.90, for a total value of $1,071,280.80. Following the completion of the transaction, the chief executive officer directly owned 243,078 shares in the company, valued at $88,213,006.20. This represents a 1.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 25,422 shares of company stock valued at $11,038,802 over the last 90 days. 0.58% of the stock is owned by company insiders.

Ciena Price Performance

Ciena stock opened at $337.76 on Thursday. The stock’s 50 day moving average is $395.02 and its 200 day moving average is $438.74. Ciena Corporation has a one year low of $123.65 and a one year high of $637.51. The firm has a market cap of $47.90 billion, a P/E ratio of 75.39 and a beta of 1.30. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.80 and a quick ratio of 3.17.

Ciena (NYSE:CIEN – Get Free Report) last released its earnings results on Thursday, September 3rd. The communications equipment provider reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.38. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. Ciena had a net margin of 10.87% and a return on equity of 25.33%. The company’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. As a group, research analysts expect that Ciena Corporation will post 5.43 EPS for the current year.

Ciena News Roundup

Here are the key news stories impacting Ciena this week:

Positive Sentiment: Northland Securities maintained an “Outperform” rating and a $500 price target, forecasting quarterly EPS of $2.15 in Q1 2027, $2.49 in Q2, $2.93 in Q3 and $3.41 in Q4. The estimates imply significant earnings growth and provide an optimistic counterpoint to recent weakness. MarketBeat Ciena analyst estimates
Positive Sentiment: A Zacks analysis identified Ciena’s growth characteristics as potentially capable of producing exceptional returns, supporting the bullish case for investors seeking exposure to communications infrastructure and AI-related networking demand. Zacks growth-stock analysis
Positive Sentiment: Ciena and Telstra reported a record 1.6-terabit-per-second transmission over 1,100 kilometers, highlighting the company’s optical technology and its ability to support high-capacity telecom networks. Ciena optics are also being deployed in high-capacity networks for Telstra and Spark in the Asia-Pacific region. Telstra and Ciena transmission announcement
Neutral Sentiment: Citi reportedly believes Ciena shares could more than double, reinforcing the upside narrative, although the article provides limited detail on the assumptions behind that view. Citi Ciena price-target article
Negative Sentiment: Recent commentary points to a roughly 14%–17% monthly decline. Supply limitations are restricting growth, while margin concerns have weighed on the shares even after Ciena exceeded quarterly earnings expectations and reported record margins. At a high valuation, investors may be demanding continued upside surprises. Zacks Ciena stock analysis

Analyst Upgrades and Downgrades

CIEN has been the topic of several research reports. Northland Securities upgraded Ciena from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $450.00 to $500.00 in a report on Wednesday, August 19th. Raymond James Financial reissued an “outperform” rating and set a $600.00 target price on shares of Ciena in a report on Thursday, September 3rd. Barclays decreased their price target on shares of Ciena from $607.00 to $475.00 and set an “overweight” rating for the company in a research report on Friday, September 4th. JPMorgan Chase & Co. dropped their price target on shares of Ciena from $635.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday, September 4th. Finally, CL King set a $347.00 price target on shares of Ciena in a report on Friday, September 4th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $480.95.

Check Out Our Latest Research Report on CIEN

Ciena Profile

(Free Report)

Ciena Corporation (NYSE: CIEN) is a networking technology company that provides hardware, software and services for communications networks. Its solutions help service providers, cloud companies, enterprises and government organizations build, manage and automate high-capacity networks that support broadband, cloud computing, data center interconnection and other digital services.

The company’s product portfolio includes optical networking systems, coherent optical technology, routers, switches, network control and automation software, and network management tools.