Pinkerton Wealth LLC Purchases New Position in Ciena Corporation $CIEN

Pinkerton Wealth LLC purchased a new stake in Ciena Corporation (NYSE:CIEN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,523 shares of the communications equipment provider’s stock, valued at approximately $1,526,000.

Several other large investors have also made changes to their positions in CIEN. Elyxium Wealth LLC acquired a new position in Ciena during the fourth quarter valued at approximately $2,747,810,000. JPMorgan Chase & Co. grew its holdings in Ciena by 23.3% during the third quarter. JPMorgan Chase & Co. now owns 6,462,840 shares of the communications equipment provider’s stock valued at $941,451,000 after purchasing an additional 1,219,787 shares during the last quarter. Bank of America Corp DE grew its holdings in Ciena by 10.4% during the second quarter. Bank of America Corp DE now owns 3,495,795 shares of the communications equipment provider’s stock valued at $284,313,000 after purchasing an additional 329,821 shares during the last quarter. Lone Pine Capital LLC acquired a new position in Ciena during the third quarter valued at approximately $292,310,000. Finally, Jericho Capital Asset Management L.P. grew its holdings in Ciena by 48.5% during the third quarter. Jericho Capital Asset Management L.P. now owns 1,983,000 shares of the communications equipment provider’s stock valued at $288,864,000 after purchasing an additional 648,000 shares during the last quarter. Institutional investors own 91.99% of the company’s stock.

Ciena News Summary

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: New coverage highlights growing adoption of Ciena’s WaveLogic 6 technology, including a 1 Tb/s subsea transmission deployment in Southeast Asia, reinforcing the company’s position in AI-driven and high-capacity network upgrades. Article Title
• Positive Sentiment: Additional reports on the Matrix Cable System and Batam–Jakarta subsea corridor suggest Ciena’s coherent optical gear is being activated in real-world deployments, which can support revenue visibility and investor enthusiasm around its subsea growth pipeline.
• Positive Sentiment: Zacks also included Ciena on a list of top liquid stocks, citing strong liquidity, growth attributes, and operational efficiency—factors that can help sustain institutional interest. Article Title
• Neutral Sentiment: A feature on Ciena’s CEO marking 25 years at the company focuses on execution challenges and long-term leadership, which is informative but not a clear near-term catalyst. Article Title
• Negative Sentiment: CEO Gary Smith and SVP Brodie Gage both sold shares, which can sometimes pressure sentiment even though the trades were disclosed as part of pre-arranged 10b5-1 plans. Article Title

Ciena Stock Up 2.2%

CIEN opened at $553.58 on Thursday. Ciena Corporation has a 1-year low of $70.77 and a 1-year high of $598.84. The company has a current ratio of 2.81, a quick ratio of 2.14 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $78.27 billion, a price-to-earnings ratio of 352.60, a P/E/G ratio of 1.77 and a beta of 1.24. The business has a 50 day moving average of $468.39 and a 200-day moving average of $323.52.

Ciena (NYSE:CIEN) last posted its quarterly earnings data on Thursday, March 5th. The communications equipment provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.18. Ciena had a return on equity of 12.09% and a net margin of 4.47%.The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the business earned $0.64 earnings per share. Ciena’s revenue for the quarter was up 33.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ciena Corporation will post 5.12 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on CIEN. Barclays increased their price target on Ciena from $279.00 to $372.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Rosenblatt Securities upped their price target on shares of Ciena from $305.00 to $350.00 and gave the company a “buy” rating in a report on Friday, March 6th. UBS Group upped their price target on shares of Ciena from $230.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Raymond James Financial restated an “outperform” rating and set a $320.00 price target on shares of Ciena in a report on Thursday, March 5th. Finally, Citigroup upped their price target on shares of Ciena from $345.00 to $658.00 and gave the company a “buy” rating in a report on Monday. One research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $398.83.

Insider Activity

In other news, SVP Brodie Gage sold 1,200 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $570.65, for a total value of $684,780.00. Following the completion of the sale, the senior vice president directly owned 43,941 shares of the company’s stock, valued at approximately $25,074,931.65. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary B. Smith sold 2,952 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $562.05, for a total value of $1,659,171.60. Following the completion of the transaction, the chief executive officer owned 272,509 shares of the company’s stock, valued at $153,163,683.45. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 44,174 shares of company stock valued at $18,878,661. 0.58% of the stock is owned by company insiders.

Ciena Profile

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.