Several analysts have recently updated their ratings and price targets for Ciena (NYSE: CIEN):
- 8/18/2026 – Ciena had its price target lowered by TD Cowen from $675.00 to $575.00. They now have a “buy” rating on the stock.
- 8/11/2026 – Ciena was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
- 8/3/2026 – Ciena was downgraded by Zacks Research from “strong-buy” to “hold”.
- 7/28/2026 – Ciena had its “buy” rating reaffirmed by Needham & Company LLC.
- 7/28/2026 – Ciena had its “buy” rating reaffirmed by UBS Group AG.
- 7/24/2026 – Ciena was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.
- 7/7/2026 – Ciena was downgraded by Weiss Ratings from “buy (b-)” to “hold (c+)”.
- 7/2/2026 – Ciena was upgraded by Zacks Research from “hold” to “strong-buy”.
- 6/23/2026 – Ciena was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.
- 6/23/2026 – Ciena had its “buy” rating reaffirmed by Needham & Company LLC. They now have a $600.00 price target on the stock.
Insider Buying and Selling
In other Ciena news, SVP Brodie Gage sold 1,200 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $466.10, for a total transaction of $559,320.00. Following the sale, the senior vice president directly owned 42,741 shares in the company, valued at approximately $19,921,580.10. The trade was a 2.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary B. Smith sold 2,952 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $379.81, for a total transaction of $1,121,199.12. Following the transaction, the chief executive officer directly owned 248,982 shares in the company, valued at approximately $94,565,853.42. This trade represents a 1.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 17,475 shares of company stock valued at $8,164,824 in the last quarter. Corporate insiders own 0.58% of the company’s stock.
In addition to hardware offerings, Ciena provides professional services and support, including network design, implementation and ongoing maintenance.
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