Sumitomo Mitsui Trust Group Inc. Purchases Shares of 21,083 Ciena Corporation $CIEN

Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Ciena Corporation (NYSE:CIEN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,083 shares of the communications equipment provider’s stock, valued at approximately $3,071,000.

Several other institutional investors and hedge funds have also modified their holdings of CIEN. Vanguard Group Inc. grew its holdings in Ciena by 0.7% during the second quarter. Vanguard Group Inc. now owns 15,088,445 shares of the communications equipment provider’s stock worth $1,227,143,000 after acquiring an additional 103,199 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Ciena by 7.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,243,053 shares of the communications equipment provider’s stock worth $426,420,000 after purchasing an additional 359,579 shares during the period. Bank of America Corp DE increased its holdings in shares of Ciena by 10.4% during the 2nd 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 in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Ciena by 35.0% in the 2nd quarter. William Blair Investment Management LLC now owns 2,708,540 shares of the communications equipment provider’s stock valued at $220,286,000 after purchasing an additional 702,909 shares during the period. Finally, Senvest Management LLC lifted its stake in shares of Ciena by 12.4% in the 2nd quarter. Senvest Management LLC now owns 1,655,012 shares of the communications equipment provider’s stock valued at $134,602,000 after purchasing an additional 182,900 shares during the period. Institutional investors and hedge funds own 91.99% of the company’s stock.

Analyst Ratings Changes

CIEN has been the subject of a number of recent analyst reports. Northland Capmk cut shares of Ciena from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. BNP Paribas Exane upgraded Ciena from a “neutral” rating to an “outperform” rating and set a $185.00 target price on the stock in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ciena in a report on Wednesday, October 8th. Raymond James Financial set a $240.00 price target on Ciena in a research report on Thursday, December 11th. Finally, Bank of America boosted their price objective on Ciena from $200.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Two 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.50.

Ciena Stock Down 0.0%

Shares of CIEN opened at $243.78 on Monday. The stock has a 50 day moving average price of $217.97 and a 200 day moving average price of $156.87. Ciena Corporation has a one year low of $49.21 and a one year high of $261.13. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.09 and a current ratio of 2.73. The stock has a market capitalization of $34.34 billion, a price-to-earnings ratio of 286.80, a PEG ratio of 1.35 and a beta of 1.13.

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 analysts’ consensus estimates of $0.76 by $0.15. Ciena had a net margin of 2.59% and a return on equity of 8.38%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. Ciena’s quarterly revenue was up 20.1% on a year-over-year basis. Equities research analysts forecast that Ciena Corporation will post 1.6 earnings per share for the current fiscal year.

Ciena News Roundup

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Zacks highlights a 42.6% three‑month gain as AI-driven bandwidth demand, a ~$5B backlog and a raised 2026 outlook are driving the rally—this explains much of the recent buying interest despite a rich P/E. Ciena Stock Gains 43% in 3 Months
• Positive Sentiment: Ciena agreed to acquire Nubis for $270M to accelerate AI‑ready data‑center interconnect capabilities — a strategic tuck‑in that strengthens its DCI product set and addressable market for AI cloud connectivity. CIEN Acquires Nubis
• Positive Sentiment: Analyst and media momentum: Zacks put CIEN on a #1 (Strong Buy) list and several growth‑stock roundups; coverage and inclusion in bullish “AI infrastructure” stories support demand for the shares. Best Growth Stocks to Buy for Jan. 15
• Positive Sentiment: Industry/management tone is constructive — Ciena’s CSO expressed confidence competing with Nokia and Cisco, and trade press highlights Ciena’s position in the “AI optics”/fiber wave, reinforcing the growth narrative. Ciena CSO confident
• Neutral Sentiment: Inclusion in investor lists (e.g., Steven Cress’ Top 10 stocks) increases visibility but is not a direct fundamental change. Steven Cress’ Top 10 Stocks For 2026
• Negative Sentiment: Executives Joseph Cumello and Patrick Gallagher sold ~11.9k and ~11.6k shares respectively; insider sales can raise short‑term concern about liquidity/timing even if routine. Joseph Cumello Sells Shares Patrick Gallagher Sells Shares
• Negative Sentiment: Some coverage flags a recent pullback and scrutiny over a multi‑year earnings decline — investors may be profit‑taking or re‑examining forward margins vs. the premium valuation. Pulling back 3.1% this week

Insider Activity at Ciena

In other news, Director Patrick Gallagher sold 11,618 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $227.45, for a total transaction of $2,642,514.10. Following the transaction, the director owned 50,184 shares of the company’s stock, valued at approximately $11,414,350.80. The trade was a 18.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas Michael Nevens sold 8,554 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $224.66, for a total transaction of $1,921,741.64. Following the completion of the sale, the director directly owned 9,422 shares of the company’s stock, valued at $2,116,746.52. This represents a 47.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 143,514 shares of company stock valued at $32,235,186 in the last three months. Company insiders own 0.93% 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.