Ciena Corporation $CIEN Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lessened its stake in Ciena Corporation (NYSE:CIEN) by 32.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,469 shares of the communications equipment provider’s stock after selling 2,109 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Ciena were worth $1,045,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CIEN. Assetmark Inc. increased its holdings in 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 buying an additional 67 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Ciena by 11.1% during the 3rd 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 last quarter. Coldstream Capital Management Inc. grew its position in shares of Ciena by 1.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,772 shares of the communications equipment provider’s stock worth $695,000 after acquiring an additional 79 shares in the last quarter. Nisa Investment Advisors LLC grew its position 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 worth $943,000 after acquiring an additional 80 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Ciena by 2.3% in the 3rd quarter. GAMMA Investing LLC now owns 4,071 shares of the communications equipment provider’s stock valued at $593,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 91.99% of the company’s stock.

Trending Headlines about Ciena

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Record subsea demo with Meta validates Ciena’s optical leadership and supports long‑term revenue opportunities from hyperscalers and subsea operators. Ciena and Meta claim record-breaking subsea transmission speed
• Positive Sentiment: Commercial win: TIME dotCom is deploying a 1 Tb/s Pacific route using Ciena gear — a conversion of lab/PR wins into paying customer revenue. TIME dotCom offers 1 Tb/s data transmission across the Pacific with Ciena
• Positive Sentiment: Service‑provider revenue and order momentum tied to MOFN demand underpin the company’s growth narrative and help justify analyst upgrades and higher price targets. Ciena’s Service Provider Revenues Rise on MOFN Tailwinds
• Neutral Sentiment: Analyst coverage has been upgraded and targets raised recently (UBS, Needham, BofA among others), which supports a constructive medium‑term view but also concentrates expectations into the stock price. CIEN price & analyst coverage
• Neutral Sentiment: Industry visibility from conferences (OFC) and media pieces boosts awareness but is informational rather than an immediate revenue driver. Ciena Presents at OFC 2026
• Negative Sentiment: Macro/market selloff: rising rates and a tech‑led pullback (Nasdaq weakness, large cap tech volatility) pushed momentum names lower today and amplified profit‑taking after CIEN’s recent run. Stock market today: Nasdaq feels pain as rates surge; Super Micro craters, Ciena touches a high (live coverage)
• Negative Sentiment: Insider selling: CEO Gary Smith disclosed a ~2,952‑share sale (~$1.06M). Small relative to his holdings but can stoke short‑term caution among some investors. SEC filing: CEO stock sale

Ciena Stock Performance

Shares of NYSE CIEN opened at $384.29 on Friday. Ciena Corporation has a 12-month low of $49.21 and a 12-month high of $419.80. The company has a market cap of $54.34 billion, a PE ratio of 244.77, a P/E/G ratio of 1.47 and a beta of 1.08. The stock has a 50 day simple moving average of $298.77 and a 200-day simple moving average of $224.55. The company has a current ratio of 2.81, a quick ratio of 2.14 and a debt-to-equity ratio of 0.55.

Ciena (NYSE:CIEN) last posted its earnings results on Thursday, March 5th. The communications equipment provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.17 by $0.18. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Ciena had a return on equity of 12.09% and a net margin of 4.47%.The firm’s revenue was up 33.1% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. On average, equities research analysts forecast that Ciena Corporation will post 1.6 EPS for the current year.

Analysts Set New Price Targets

CIEN has been the topic of several research reports. Barclays upped their price target on Ciena from $279.00 to $372.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Zacks Research upgraded shares of Ciena from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. Citigroup increased their target price on shares of Ciena from $280.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Stifel Nicolaus restated a “buy” rating and issued a $320.00 price target (up from $280.00) on shares of Ciena in a research report on Thursday, March 5th. Finally, Rosenblatt Securities lifted their price target on shares of Ciena from $305.00 to $350.00 and gave the company a “buy” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given 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 target price of $320.65.

Insiders Place Their Bets

In related news, CEO Gary B. Smith sold 83,552 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $229.44, for a total value of $19,170,170.88. Following the completion of the transaction, the chief executive officer owned 307,885 shares in the company, valued at $70,641,134.40. This represents a 21.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Patrick Gallagher sold 11,618 shares of the firm’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 directly owned 50,184 shares in the company, valued at approximately $11,414,350.80. The trade was a 18.80% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 150,083 shares of company stock worth $35,960,019. 0.58% of the stock is owned by company insiders.

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.