Ciena (NYSE:CIEN) Stock Sold Off by Rep. Gilbert Ray Cisneros, Jr.

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 Stock Up 9.0%

Ciena stock opened at $296.53 on Thursday. The company has a current ratio of 3.80, a quick ratio of 3.17 and a debt-to-equity ratio of 1.06. Ciena Corporation has a 1-year low of $168.22 and a 1-year high of $637.51. The company has a fifty day simple moving average of $345.00 and a 200 day simple moving average of $403.27. The company has a market cap of $42.05 billion, a P/E ratio of 66.19, a price-to-earnings-growth ratio of 2.18 and a beta of 1.33.

Ciena (NYSE:CIEN) last issued its quarterly earnings results on Thursday, September 3rd. The communications equipment provider reported $2.11 EPS for the quarter, topping the consensus estimate of $1.73 by $0.38. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. Research analysts anticipate that Ciena Corporation will post 6.00 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CIEN has been the topic of several analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $600.00 target price (up from $530.00) on shares of Ciena in a report on Thursday, September 3rd. Argus set a $550.00 price objective on Ciena and gave the company a “buy” rating in a report on Thursday, September 10th. CL King set a $347.00 target price on shares of Ciena in a research note on Friday, September 4th. Weiss Ratings downgraded shares of Ciena from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Finally, Evercore upgraded shares of Ciena from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $375.00 to $550.00 in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $485.93.

Insider Buying and Selling

In related news, CFO Marc D. Graff sold 4,995 shares of Ciena stock in a transaction dated Friday, August 14th. The shares were 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 owned 107,519 shares of the company’s stock, valued at approximately $46,310,583.68. The trade was a 4.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary Smith sold 2,952 shares of Ciena stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $330.18, for a total transaction of $974,691.36. Following the sale, the chief executive officer directly owned 240,126 shares of the company’s stock, valued at $79,284,802.68. The trade was a 1.21% 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. Over the last three months, insiders sold 36,014 shares of company stock valued at $13,216,540. 0.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CIEN. Bank of New York Mellon Corp bought a new stake in Ciena in the 2nd quarter valued at $404,948,000. Pictet Asset Management Holding SA boosted its position in Ciena by 23.5% during the third quarter. Pictet Asset Management Holding SA now owns 512,203 shares of the communications equipment provider’s stock worth $180,239,000 after purchasing an additional 97,505 shares during the period. Swiss National Bank boosted its position in Ciena by 7.0% during the first 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 during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Ciena by 4.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 332,271 shares of the communications equipment provider’s stock valued at $116,900,000 after purchasing an additional 12,986 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Ciena by 24.5% in the third quarter. Assenagon Asset Management S.A. now owns 266,384 shares of the communications equipment provider’s stock valued at $93,719,000 after purchasing an additional 52,382 shares during the last quarter. 91.99% of the stock is currently owned by institutional investors.

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

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.