Barrow Hanley Mewhinney & Strauss LLC Lowers Holdings in Ciena Corporation $CIEN

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in Ciena Corporation (NYSE:CIEN) by 49.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,159,454 shares of the communications equipment provider’s stock after selling 2,093,357 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.53% of Ciena worth $314,568,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CIEN. Vanguard Group Inc. grew its position in Ciena by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 15,088,445 shares of the communications equipment provider’s stock valued at $1,227,143,000 after acquiring an additional 103,199 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Ciena by 23.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,462,840 shares of the communications equipment provider’s stock worth $941,451,000 after purchasing an additional 1,219,787 shares in the last quarter. Bank of America Corp DE increased its holdings in 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 worth $284,313,000 after purchasing an additional 329,821 shares during the period. Capital World Investors raised its position in Ciena by 7.6% in the 3rd quarter. Capital World Investors now owns 1,836,981 shares of the communications equipment provider’s stock valued at $267,593,000 after purchasing an additional 130,507 shares in the last quarter. Finally, Senvest Management LLC raised its position in 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 in the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.

Insider Activity at Ciena

In related news, SVP Jason Phipps sold 21,383 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $247.89, for a total value of $5,300,631.87. Following the sale, the senior vice president owned 91,765 shares of the company’s stock, valued at approximately $22,747,625.85. This represents a 18.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Michael Nevens sold 8,554 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 9,422 shares of the company’s stock, valued at approximately $2,116,746.52. This represents a 47.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 156,235 shares of company stock valued at $36,941,890 in the last quarter. 0.58% of the stock is owned by corporate insiders.

Key Headlines Impacting Ciena

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Sector rally tied to AI infrastructure demand is lifting Ciena shares — optical-technology names rallied on renewed hyperscaler spending, putting Ciena in focus as a direct beneficiary of the multi-day run. Optical-Tech Stocks Looking Sharp: Ciena Up 9%, Lumentum Rises 8%, Coherent Climbs 7%
• Positive Sentiment: Ciena announced new AI-networking innovations (including co-packaged/near-packaged optics and redriver tech from the Nubis acquisition) aimed at addressing surging AI bandwidth needs — this product roadmap strengthens revenue and competitive positioning narratives. Ciena Solidifies AI Networking Leadership, Unveils New Innovations for High-Speed Connectivity
• Positive Sentiment: Ciena will showcase AI networking and high-capacity optics at OFC 2026, highlighting roadmap items (1.6T coherent optics, AIOps, quantum-safe comms) that keep it visible to hyperscalers and carriers. Ciena Brings AI Networking Expertise to OFC 2026
• Positive Sentiment: Commercial win: Time dotCom deployed Ciena optical technology on the FASTER transpacific cable — a customer deployment that illustrates near-term revenue opportunities from capacity upgrades. Time dotCom Deploys Ciena Optical Tech Across FASTER Transpacific Cable
• Positive Sentiment: Street backing: recent analyst actions include an upgrade at Bank of America and higher price targets reported this week, which supports investor sentiment and helped push the stock higher. Ciena (NYSE:CIEN) Upgraded at Bank of America
• Neutral Sentiment: Valuation scrutiny: coverage noting that Ciena’s AI optics strategy boosts revenue prospects but also tests a rich valuation — useful context for investors weighing growth vs. multiple risks. Ciena’s AI Optics Push Tests Valuation As Revenue Outlook Climbs
• Neutral Sentiment: Analysis pieces on international revenue trends and sector commentary provide background on where forecasts could move, but contain less immediate market-moving news than the product, customer and analyst items above. Ciena (CIEN) International Revenue Performance Explored

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup boosted their price target on shares of Ciena from $280.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Wall Street Zen lowered Ciena from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 21st. Zacks Research cut Ciena from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. B. Riley Financial upped their price objective on Ciena from $222.00 to $283.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $320.00 price objective (up from $280.00) on shares of Ciena in a report on Thursday, March 5th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $314.13.

Ciena Stock Performance

Shares of CIEN opened at $337.25 on Wednesday. The stock has a market capitalization of $47.69 billion, a P/E ratio of 214.81, a P/E/G ratio of 1.39 and a beta of 1.08. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.14 and a current ratio of 2.81. Ciena Corporation has a 1 year low of $49.21 and a 1 year high of $365.90. The company’s fifty day moving average is $278.38 and its two-hundred day moving average is $210.09.

Ciena (NYSE:CIEN) last announced its quarterly earnings data on Thursday, March 5th. The communications equipment provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.18. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Ciena had a return on equity of 12.09% and a net margin of 4.47%.Ciena’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 earnings per share. On average, sell-side analysts predict that Ciena Corporation will post 1.6 earnings per share for the current year.

Ciena 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.