Rep. Gilbert Ray Cisneros, Jr. Unloads Shares of Ciena Corporation (NYSE:CIEN)

Posted by Brenda Bartman on Nov 12th, 2026

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Ciena Corporation (NYSE:CIEN). In a filing disclosed on November 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Ciena stock on October 21st. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 11/2/2026.
Purchased $1,001 – $15,000 in shares of argenex (NASDAQ:ARGX) on 10/27/2026.
Sold $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 10/27/2026.
Sold $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 10/27/2026.
Sold $15,001 – $50,000 in shares of PTC (NASDAQ:PTC) on 10/27/2026.
Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 10/27/2026.
Purchased $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 10/27/2026.
Sold $1,001 – $15,000 in shares of Micron Solutions (OTCMKTS:MICR) on 10/21/2026.
Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 10/21/2026.
Purchased $1,001 – $15,000 in shares of Moderna (NASDAQ:MRNA) on 10/20/2026.

Ciena Price Performance

Shares of Ciena stock traded down $1.24 during trading on Thursday, hitting $294.80. 2,159,288 shares of the stock traded hands, compared to its average volume of 3,325,502. The company has a quick ratio of 3.17, a current ratio of 3.80 and a debt-to-equity ratio of 1.06. The stock has a market cap of $41.81 billion, a price-to-earnings ratio of 65.80, a PEG ratio of 2.37 and a beta of 1.33. The firm’s fifty day moving average is $343.81 and its 200-day moving average is $403.58. Ciena Corporation has a 52 week low of $168.22 and a 52 week high of $637.51.

Ciena (NYSE:CIEN – Get Free Report) last issued its earnings results on Thursday, September 3rd. The communications equipment provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.38. Ciena had a return on equity of 25.33% and a net margin of 10.87%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Ciena’s revenue for the quarter was up 37.0% on a year-over-year basis. Research analysts expect that Ciena Corporation will post 6.00 EPS for the current fiscal year.

Institutional Trading of Ciena

Several large investors have recently bought and sold shares of the company. Markowski Investments bought a new position in shares of Ciena during the second quarter valued at $28,000. Carolina Wealth Advisors LLC grew its holdings in shares of Ciena by 57.8% during the second quarter. Carolina Wealth Advisors LLC now owns 71 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 26 shares during the last quarter. Asset Dedication LLC grew its holdings in shares of Ciena by 2,100.0% during the first quarter. Asset Dedication LLC now owns 88 shares of the communications equipment provider’s stock valued at $34,000 after buying an additional 84 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Ciena by 104.4% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 92 shares of the communications equipment provider’s stock valued at $32,000 after acquiring an additional 47 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of Ciena during the first quarter valued at approximately $49,000. 91.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on CIEN shares. Sanford C. Bernstein assumed coverage on shares of Ciena in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $440.00 price target for the company. Raymond James Financial reiterated an “outperform” rating and issued a $600.00 price objective (up from $530.00) on shares of Ciena in a report on Thursday, September 3rd. CL King set a $347.00 target price on Ciena in a research note on Friday, September 4th. TD Cowen reissued a “buy” rating on shares of Ciena in a research note on Thursday, September 17th. Finally, Zacks Research upgraded Ciena from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $485.93.

View Our Latest Analysis on CIEN

Insider Buying and Selling

In related news, EVP Jason Phipps sold 2,629 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $355.19, for a total transaction of $933,794.51. Following the transaction, the executive vice president owned 57,388 shares in the company, valued at $20,383,643.72. This represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marc D. Graff sold 4,995 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $430.72, for a total value of $2,151,446.40. Following the completion of the transaction, the chief financial officer owned 107,519 shares in the company, valued at approximately $46,310,583.68. This trade represents a 4.44% decrease in their ownership of the stock. 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 36,014 shares of company stock worth $13,216,540 over the last 90 days. 0.58% of the stock is currently owned by company insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Ciena Company Profile

(Get Free Report)

Ciena is a communications networking company that develops equipment, software and services used to build and manage telecommunications networks. Its offerings support the movement of data across fiber-optic, subsea and other network infrastructure. The company’s products include optical transport systems, routing and switching equipment, and software for network automation and management. Ciena also provides consulting, implementation and support services to help customers plan, deploy and operate their networks.

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