Ciena (NYSE:CIEN) SVP Joseph Cumello Sells 11,929 Shares of Stock

Ciena Corporation (NYSE:CIEN) SVP Joseph Cumello sold 11,929 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $229.82, for a total value of $2,741,522.78. Following the sale, the senior vice president directly owned 49,475 shares in the company, valued at $11,370,344.50. This trade represents a 19.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ciena Trading Up 5.1%

Shares of CIEN opened at $246.28 on Wednesday. The stock has a market capitalization of $34.69 billion, a PE ratio of 289.74, a P/E/G ratio of 1.30 and a beta of 1.13. The company’s fifty day moving average is $215.38 and its 200 day moving average is $153.46. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.09 and a current ratio of 2.73. Ciena Corporation has a fifty-two week low of $49.21 and a fifty-two week high of $261.13.

Ciena (NYSE:CIEN) last released its quarterly earnings data on Thursday, December 11th. The communications equipment provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.76 by $0.15. Ciena had a net margin of 2.59% and a return on equity of 8.38%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned $0.54 earnings per share. Ciena’s quarterly revenue was up 20.1% compared to the same quarter last year. Sell-side analysts expect that Ciena Corporation will post 1.6 earnings per share for the current fiscal year.

Key Stories Impacting Ciena

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Analyst/sector thesis — A Seeking Alpha deep dive expects Ciena’s “Optical AI” program to drive meaningful wins in 2026, with management modeling FY26 revenue growth of ~23.7% to $5.9B, a ~ $5B backlog, and expanding gross and operating margins — bullish for revenue and margin outlooks. Expect Ciena’s Optical AI Program Wins To Surge In 2026
• Positive Sentiment: Market narrative — Another Seeking Alpha piece frames the AI/datacenter connectivity boom as “in full swing,” reinforcing demand tailwinds for Ciena’s optical networking products. Ciena: Connectivity AI/Datacenter Boom In Full Swing
• Positive Sentiment: Analyst recognition — Zacks added CIEN to its Rank #1 (Strong Buy) growth list, which can attract momentum flows and boosts investor confidence. Best Growth Stocks to Buy for Jan. 13
• Positive Sentiment: Recent earnings momentum — Media coverage notes Ciena’s strong Q4 results (beat on EPS and revenue) and the company’s central role supplying hardware for AI systems, a key reason investors have pushed the stock higher. Why Ciena Stock Rocked the Market in December
• Neutral Sentiment: Investor presentation — Ciena presented at the Needham Growth Conference; transcripts can provide incremental color on wins and guidance but contain no new headline items yet. Ciena Presents at 28th Annual Needham Growth Conference Transcript
• Neutral Sentiment: Industry/competitive data — A broader competitive analysis report was published (background benchmarking); useful for longer‑term positioning but not an immediate catalyst. Ciena Corp Competitive Analysis Report 2025
• Negative Sentiment: Insider selling — SVP Joseph Cumello sold 11,929 shares at an average $229.82 (≈$2.74M), reducing his stake by ~19.4%; insider sales can be perceived negatively by investors. Insider Sale Filing (Cumello)
• Negative Sentiment: Director sale — Director Patrick Gallagher sold 11,618 shares at ~$227.45 (~$2.64M), an ~18.8% reduction in his position, which may temper sentiment despite positive fundamentals. Insider Sale Filing (Gallagher)
• Negative Sentiment: Critical review — A third‑party critique highlights risks/valuation concerns that some investors may weigh against the upbeat demand narrative. Critical Review: Ciena & Altice USA

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Citigroup raised their price objective on Ciena to $280.00 and gave the company a “buy” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. raised their price target on Ciena from $215.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. BNP Paribas set a $185.00 price objective on shares of Ciena and gave the company an “outperform” rating in a research report on Monday, October 13th. Argus raised their target price on shares of Ciena from $135.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, UBS Group upped their price target on shares of Ciena from $120.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $237.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CIEN. Community Bank N.A. purchased a new stake in Ciena in the 3rd quarter valued at about $25,000. Mather Group LLC. bought a new stake in shares of Ciena during the third quarter valued at approximately $28,000. Assetmark Inc. boosted its holdings in shares of Ciena by 50.4% in the third quarter. Assetmark Inc. now owns 200 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 67 shares during the period. Ameritas Advisory Services LLC grew its stake in Ciena by 104.0% in the third quarter. Ameritas Advisory Services LLC now owns 204 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 104 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in Ciena during the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 91.99% of the company’s stock.

About Ciena

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.