Havemeyer Place LP Takes $2.97 Million Position in Ciena Corporation $CIEN

Havemeyer Place LP bought a new stake in shares of Ciena Corporation (NYSE:CIEN) in the fourth quarter, Holdings Channel reports. The institutional investor bought 12,704 shares of the communications equipment provider’s stock, valued at approximately $2,971,000. Ciena comprises about 0.6% of Havemeyer Place LP’s holdings, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KBC Group NV boosted its position in shares of Ciena by 11.3% during the 4th quarter. KBC Group NV now owns 31,161 shares of the communications equipment provider’s stock valued at $7,288,000 after acquiring an additional 3,156 shares during the last quarter. FengHe Fund Management Pte. Ltd. boosted its position in shares of Ciena by 164.0% during the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 660,988 shares of the communications equipment provider’s stock valued at $154,585,000 after acquiring an additional 410,588 shares during the last quarter. Peak Financial Advisors LLC boosted its position in shares of Ciena by 222.7% during the 4th quarter. Peak Financial Advisors LLC now owns 11,596 shares of the communications equipment provider’s stock valued at $2,712,000 after acquiring an additional 8,003 shares during the last quarter. DNB Asset Management AS boosted its position in shares of Ciena by 1,095.8% during the 4th quarter. DNB Asset Management AS now owns 27,527 shares of the communications equipment provider’s stock valued at $6,438,000 after acquiring an additional 25,225 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new position in shares of Ciena during the 3rd quarter valued at approximately $568,000. 91.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Needham & Company LLC raised their price target on Ciena from $470.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America raised their price target on Ciena from $550.00 to $660.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Northland Securities set a $450.00 price target on Ciena in a research report on Friday. Rothschild & Co Redburn assumed coverage on Ciena in a research report on Friday, May 1st. They issued a “neutral” rating and a $416.00 price target for the company. Finally, TD Cowen raised their price target on Ciena from $425.00 to $675.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $530.56.

Ciena Stock Performance

CIEN stock opened at $489.24 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.73 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $516.11 and its two-hundred day simple moving average is $354.57. Ciena Corporation has a twelve month low of $70.85 and a twelve month high of $637.51. The firm has a market cap of $69.18 billion, a price-to-earnings ratio of 163.08 and a beta of 1.24.

Ciena (NYSE:CIEN) last released its earnings results on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.18. Ciena had a return on equity of 18.15% and a net margin of 7.87%.The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $0.42 earnings per share. The business’s revenue was up 39.5% compared to the same quarter last year. Analysts predict that Ciena Corporation will post 5.14 earnings per share for the current year.

Insiders Place Their Bets

In other Ciena news, SVP Jason Phipps sold 22,014 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $409.80, for a total value of $9,021,337.20. Following the sale, the senior vice president owned 68 shares in the company, valued at $27,866.40. This trade represents a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brodie Gage sold 1,200 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $570.65, for a total value of $684,780.00. Following the transaction, the senior vice president owned 43,941 shares in the company, valued at approximately $25,074,931.65. This represents a 2.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 44,174 shares of company stock worth $19,502,359 over the last quarter. Company insiders own 0.58% of the company’s stock.

Key Ciena News

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Ciena reported Q2 EPS of $1.64 and revenue of $1.57 billion, both above estimates, with revenue up 39.5% year over year as AI-driven networking demand continued to accelerate.
• Positive Sentiment: The company raised its fiscal 2026 revenue outlook to about $6.3 billion and lifted its Q3 revenue guidance, signaling confidence in continued demand and visibility.
• Positive Sentiment: Analysts responded bullishly, with Rosenblatt Securities raising its price target sharply to $720 from $350 and maintaining a buy rating, suggesting substantial upside from current levels. Article Title
• Neutral Sentiment: Management highlighted a $7.7 billion backlog and said supply constraints are being turned into an opportunity, which supports the long-term growth narrative but does not directly explain the near-term stock weakness. Article Title
• Negative Sentiment: Shares sold off because investors were expecting an even larger beat-and-raise result, and some reports noted that orders missed very high expectations, pressuring sentiment in the near term.
• Negative Sentiment: One analyst downgrade from Zacks Research to hold added to the cautious tone, reinforcing the market’s concern that expectations had become too elevated heading into earnings.

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.