Sage Rhino Capital LLC Has $201,000 Holdings in Ciena Corporation $CIEN

Posted by John Perry on Jul 8th, 2026

Sage Rhino Capital LLC decreased its holdings in Ciena Corporation (NYSE:CIEN – Free Report) by 70.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 517 shares of the communications equipment provider’s stock after selling 1,221 shares during the quarter. Sage Rhino Capital LLC’s holdings in Ciena were worth $201,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in shares of Ciena in the fourth quarter worth approximately $2,747,810,000. State Street Corp boosted its position in shares of Ciena by 17.2% during the fourth quarter. State Street Corp now owns 5,102,409 shares of the communications equipment provider’s stock valued at $1,193,300,000 after buying an additional 750,128 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Ciena by 53.0% during 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 buying an additional 1,404,132 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 worth $284,313,000 after buying an additional 329,821 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings 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 worth $671,365,000 after buying an additional 2,861,176 shares in the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.

Ciena Stock Performance

Shares of Ciena stock opened at $418.27 on Wednesday. The business’s fifty day simple moving average is $510.15 and its 200 day simple moving average is $393.93. The company has a current ratio of 2.73, a quick ratio of 2.11 and a debt-to-equity ratio of 0.53. Ciena Corporation has a 12 month low of $76.89 and a 12 month high of $637.51. The firm has a market capitalization of $59.21 billion, a P/E ratio of 139.42 and a beta of 1.27.

Ciena (NYSE:CIEN – Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.18. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. Ciena had a return on equity of 18.15% and a net margin of 7.87%.The business’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. As a group, analysts anticipate that Ciena Corporation will post 5.4 EPS for the current year.

Key Headlines Impacting Ciena

Here are the key news stories impacting Ciena this week:

Positive Sentiment: Ciena’s Blue Planet AI proof of concept with Telefónica Deutschland is being highlighted as a potential catalyst for software growth and enterprise 5G network-slicing opportunities, reinforcing its role in AI-driven network automation. How AI-Driven 5G Network Slicing Positions Ciena for Long-Term Growth
Positive Sentiment: Several recent articles continue to frame CIEN as an AI infrastructure beneficiary and a growth stock, suggesting investors still see upside tied to demand for networking gear and automation software. Ciena: Successfully Riding The AI-Powered Wave
Positive Sentiment: Ciena was also included in lists of top-ranked July growth stocks, with AI demand cited as a supportive backdrop for the shares. 5 Top-Ranked Growth Stocks to Buy for July After a Mixed June
Neutral Sentiment: Ciena named new supply chain and product technology chiefs, a leadership update that may help execution over time but is not an immediate earnings catalyst. Ciena (CIEN) Names New Supply Chain and Product Technology Chiefs
Neutral Sentiment: CEO Gary B. Smith and CFO Marc Graff disclosed small share sales under pre-arranged 10b5-1 plans; the transactions are worth watching, but they do not necessarily point to a fundamental change in outlook. Ciena Insider Trades
Negative Sentiment: Some recent commentary warns that after a strong year-to-date run, CIEN may be facing valuation concerns, which can weigh on the stock even when the business outlook remains constructive. Ciena (CIEN) Growth Index Entry Puts Its Valuation Back In Focus

Insider Activity at Ciena

In other news, SVP Brodie Gage sold 1,200 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $466.10, for a total transaction of $559,320.00. Following the completion of the transaction, the senior vice president directly owned 42,741 shares of the company’s stock, valued at $19,921,580.10. This represents a 2.73% decrease in their position. The transaction was disclosed in a legal filing 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, SVP Joseph Cumello sold 1,586 shares of the 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 directly owned 42,872 shares of the company’s stock, valued at $19,992,499.76. This represents a 3.57% 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 have sold a total of 22,827 shares of company stock worth $11,541,133 in the last ninety days. Corporate insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CIEN. B. Riley Financial raised their price objective on Ciena from $283.00 to $531.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Barclays upped their target price on shares of Ciena from $372.00 to $607.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Rosenblatt Securities increased their target price on shares of Ciena from $350.00 to $720.00 and gave the company a “buy” rating in a report on Friday, June 5th. Stifel Nicolaus set a $615.00 price target on shares of Ciena in a research report on Friday, May 29th. Finally, Raymond James Financial boosted their price target on shares of Ciena from $320.00 to $530.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. One equities research 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $530.56.

Read Our Latest Stock Analysis 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.