Pictet Asset Management Holding SA Purchases 35,911 Shares of Ciena Corporation $CIEN

Pictet Asset Management Holding SA lifted its position in shares of Ciena Corporation (NYSE:CIEN) by 175.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 56,423 shares of the communications equipment provider’s stock after buying an additional 35,911 shares during the period. Pictet Asset Management Holding SA’s holdings in Ciena were worth $13,196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its position in Ciena by 9.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the communications equipment provider’s stock worth $166,000 after purchasing an additional 63 shares in the last quarter. Assetmark Inc. increased its position in Ciena by 50.4% during the 3rd quarter. Assetmark Inc. now owns 200 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 67 shares in the last quarter. Global Retirement Partners LLC increased its position 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 purchasing an additional 70 shares in the last quarter. Coldstream Capital Management Inc. increased its position in Ciena by 1.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,772 shares of the communications equipment provider’s stock worth $695,000 after purchasing an additional 79 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Ciena by 1.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,475 shares of the communications equipment provider’s stock worth $943,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 91.99% of the company’s stock.

Wall Street Analysts Forecast Growth

CIEN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Ciena from $380.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Weiss Ratings upgraded shares of Ciena from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Wolfe Research reiterated an “outperform” rating and set a $375.00 price objective on shares of Ciena in a research report on Thursday, March 5th. Needham & Company LLC upped their price objective on shares of Ciena from $280.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Bank of America upped their price objective on shares of Ciena from $355.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $358.94.

Insiders Place Their Bets

In other Ciena news, SVP Jason Phipps sold 22,014 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $409.80, for a total transaction of $9,021,337.20. Following the sale, the senior vice president directly owned 68 shares of the company’s stock, valued at $27,866.40. The trade was a 99.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brodie Gage sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $471.79, for a total transaction of $566,148.00. Following the sale, the senior vice president directly owned 45,141 shares in the company, valued at $21,297,072.39. The trade was a 2.59% decrease in their ownership of the stock. 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 42,974 shares of company stock valued at $16,615,505 in the last ninety days. 0.58% of the stock is currently owned by insiders.

Ciena Trading Up 1.6%

CIEN opened at $536.28 on Friday. Ciena Corporation has a fifty-two week low of $70.67 and a fifty-two week high of $550.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.81 and a quick ratio of 2.14. The firm has a market capitalization of $75.83 billion, a price-to-earnings ratio of 341.58, a PEG ratio of 1.73 and a beta of 1.24. The company’s 50 day moving average price is $414.44 and its two-hundred day moving average price is $289.45.

Ciena (NYSE:CIEN) last posted its earnings results 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. Ciena had a net margin of 4.47% and a return on equity of 12.09%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 33.1% compared to the same quarter last year. As a group, research analysts predict that Ciena Corporation will post 5.1 earnings per share for the current year.

Ciena News Roundup

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Analyst/industry bullishness: Seeking Alpha highlights a surging backlog (now ~$7B) and accelerating backlog-to-cash conversion that supports revenue and cash-flow growth, arguing CIEN is well positioned for hyperscaler AI demand. Ciena Corp.: Buy As Backlog To Cash Is Rolling
• Positive Sentiment: Sector buy call: Zacks includes CIEN among communication-component stocks to tap the rally from 5G, fiber and AI tailwinds, reinforcing investor interest in the group. Buy 2 Communication Component Stocks to Tap Recent Rally
• Positive Sentiment: Brokerage sentiment and momentum: Broker consensus is around “Moderate Buy” and the stock recently hit a record high on the NYSE Composite, signaling strong market momentum and institutional interest. Ciena Given Average Recommendation of “Moderate Buy” Ciena Hits Record High
• Neutral Sentiment: Peer/company-news signal: Coverage of Lumentum’s upcoming Q3 frames broad industry demand for optics and AI-driven revenue growth — a positive sector signal for Ciena but not direct company news. Lumentum Q3 Earnings Loom
• Neutral Sentiment: ETF/flow context: Mentions of CIEN in mid-cap/smart-beta ETF coverage may support passive demand but are a secondary factor vs. direct earnings/backlog news. Is FNX a Strong ETF Right Now?
• Negative Sentiment: Celebrity pundit caution: Jim Cramer publicly said CIEN is “a little too hot” and that he’d “hold off,” which can sap conviction among retail traders and short-term momentum despite strong fundamentals. Jim Cramer on Ciena Jim Cramer on Ciena: “I’m Going to Have to Hold Off”

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.