Bank of New York Mellon Corp Lowers Stock Holdings in Ciena Corporation $CIEN

Bank of New York Mellon Corp cut its holdings in Ciena Corporation (NYSE:CIEN) by 6.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,060,924 shares of the communications equipment provider’s stock after selling 74,567 shares during the period. Bank of New York Mellon Corp owned 0.75% of Ciena worth $154,545,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CIEN. Global Retirement Partners LLC boosted its stake in Ciena by 11.1% during the third quarter. Global Retirement Partners LLC now owns 698 shares of the communications equipment provider’s stock worth $102,000 after buying an additional 70 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Ciena by 1.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,475 shares of the communications equipment provider’s stock valued at $943,000 after acquiring an additional 80 shares during the period. GAMMA Investing LLC raised its stake in shares of Ciena by 2.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,071 shares of the communications equipment provider’s stock worth $593,000 after acquiring an additional 92 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in Ciena by 2.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,889 shares of the communications equipment provider’s stock valued at $712,000 after buying an additional 112 shares in the last quarter. Finally, Nwam LLC increased its stake in Ciena by 4.7% during the 3rd quarter. Nwam LLC now owns 2,505 shares of the communications equipment provider’s stock valued at $404,000 after purchasing an additional 113 shares in the last quarter. 91.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CIEN shares. Raymond James Financial set a $240.00 price objective on shares of Ciena in a research note on Thursday, December 11th. Needham & Company LLC raised their target price on Ciena to $280.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. B. Riley reaffirmed a “neutral” rating on shares of Ciena in a research note on Friday, December 12th. BNP Paribas Exane set a $185.00 target price on Ciena and gave the stock an “outperform” rating in a research note on Monday, October 13th. Finally, Bank of America reaffirmed a “neutral” rating and set a $260.00 price target on shares of Ciena in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.67.

More Ciena News

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: TPN selected Ciena to upgrade subsea connectivity across the Asia‑Pacific region — a win that expands Ciena’s footprint in high‑growth international submarine capacity and complements its AI‑ready optical roadmap. TPN picks Ciena to boost subsea connectivity in APAC
• Positive Sentiment: Report: Ciena rose to a 52‑week high, reflecting investor enthusiasm after recent contract announcements and stronger near‑term guidance/end‑market visibility. Ciena stock hits 52-week high at 262.02 USD
• Positive Sentiment: Analysis: Ciena’s shares jumped after new “AI‑ready” optical deals in Europe and APAC; coverage highlights that these contracts are driving the recent double‑digit move and improving outlook for wavelength and edge connectivity demand. Why Ciena (CIEN) Is Up 10.2% After New AI-Ready Optical Deals In Europe And Asia-Pacific
• Positive Sentiment: Telekom Srbija and Mtel deployed Ciena optical tech to improve cross‑border connectivity, a direct commercial proof point in service provider networks that supports recurring revenue and regional expansion. Telekom Srbija and Mtel Deploy Ciena Optical Technology to Improve Cross-Border Connectivity
• Positive Sentiment: Technical/short‑term: A Benzinga piece notes a “power inflow” trading signal around $248.84 that preceded a >2% intraday rise — this can attract momentum traders and amplify near‑term buying. Ciena Shares Rise Over 2% To Intraday High After Key Trading Signal
• Positive Sentiment: Zacks upgraded Ciena into its Rank #1 (Strong Buy) growth list and published favorable comparisons versus Nokia, citing Ciena’s optical technology lead and raised 2026 revenue outlook — analyst positioning that can support multiple expansion. Best Growth Stocks to Buy for January 30th Ciena vs. Nokia: Which Optical Networking Stock is the Better Buy?
• Neutral Sentiment: Industry context: Zacks and other outlets highlight broader demand drivers (fiber densification, 5G, cloud/on‑ramps) that favor Ciena long term, but these are secular positives rather than immediate catalysts. 3 Communication Stocks Likely to Ride on Inherent Industry Strength
• Neutral Sentiment: Media roundup: Ciena is being mentioned alongside peers (e.g., Corning) as the sector gains attention; helpful for visibility but less impactful than direct contract wins or analyst upgrades. After Corning breaks out, this fiber optics peer lights up. Both shine on this elite screen.

Insider Activity at Ciena

In other news, SVP Joseph Cumello sold 11,929 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president directly owned 49,475 shares of the company’s stock, valued at $11,370,344.50. The trade was a 19.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jason Phipps sold 21,383 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $247.89, for a total transaction of $5,300,631.87. Following the completion of the transaction, the senior vice president directly owned 91,765 shares of the company’s stock, valued at $22,747,625.85. The trade was a 18.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 167,890 shares of company stock worth $38,277,035 in the last three months. 0.93% of the stock is currently owned by corporate insiders.

Ciena Stock Down 0.7%

Shares of NYSE CIEN opened at $251.72 on Friday. The business has a 50-day moving average of $227.66 and a two-hundred day moving average of $167.64. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.73 and a quick ratio of 2.09. The company has a market capitalization of $35.45 billion, a price-to-earnings ratio of 296.14, a price-to-earnings-growth ratio of 1.42 and a beta of 1.13. Ciena Corporation has a 1 year low of $49.21 and a 1 year high of $269.90.

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

Ciena Company 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.