Brodie Gage Sells 1,200 Shares of Ciena (NYSE:CIEN) Stock

Ciena Corporation (NYSE:CIEN) SVP Brodie Gage sold 1,200 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $570.65, for a total value of $684,780.00. Following the sale, the senior vice president owned 43,941 shares of the company’s stock, valued at approximately $25,074,931.65. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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.

Brodie Gage also recently made the following trade(s):

• On Wednesday, April 15th, Brodie Gage sold 1,200 shares of Ciena stock. The shares were sold at an average price of $471.79, for a total value of $566,148.00.
• On Tuesday, March 24th, Brodie Gage sold 5,000 shares of Ciena stock. The shares were sold at an average price of $405.00, for a total value of $2,025,000.00.

Ciena Stock Performance

Shares of NYSE:CIEN opened at $553.58 on Thursday. The business has a 50-day moving average of $468.39 and a two-hundred day moving average of $323.52. The firm has a market capitalization of $78.27 billion, a PE ratio of 352.60, a P/E/G ratio of 1.77 and a beta of 1.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.81 and a quick ratio of 2.14. Ciena Corporation has a 12 month low of $70.77 and a 12 month high of $598.84.

Ciena (NYSE:CIEN) last released its quarterly earnings data on Thursday, March 5th. The communications equipment provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.18. Ciena had a return on equity of 12.09% and a net margin of 4.47%.The business 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 company posted $0.64 EPS. The company’s revenue was up 33.1% compared to the same quarter last year. As a group, research analysts forecast that Ciena Corporation will post 5.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on CIEN shares. Morgan Stanley boosted their price objective on shares of Ciena from $286.00 to $405.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Wolfe Research reissued an “outperform” rating and issued a $375.00 target price on shares of Ciena in a research note on Thursday, March 5th. UBS Group lifted their target price on shares of Ciena from $230.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, March 6th. JPMorgan Chase & Co. upped their price target 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. Finally, Weiss Ratings upgraded Ciena from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $398.83.

Institutional Trading of Ciena

Hedge funds have recently made changes to their positions in the company. KBC Group NV raised its holdings in shares of Ciena by 11.3% during the fourth quarter. KBC Group NV now owns 31,161 shares of the communications equipment provider’s stock worth $7,288,000 after purchasing an additional 3,156 shares during the period. Convergence Investment Partners LLC acquired a new position in shares of Ciena in the 3rd quarter valued at about $1,726,000. FengHe Fund Management Pte. Ltd. boosted its holdings in shares of Ciena by 164.0% in 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 buying an additional 410,588 shares during the period. Peak Financial Advisors LLC grew 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 buying an additional 8,003 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new stake in shares of Ciena during the 3rd quarter valued at about $568,000. Hedge funds and other 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: New coverage highlights growing adoption of Ciena’s WaveLogic 6 technology, including a 1 Tb/s subsea transmission deployment in Southeast Asia, reinforcing the company’s position in AI-driven and high-capacity network upgrades. Article Title
• Positive Sentiment: Additional reports on the Matrix Cable System and Batam–Jakarta subsea corridor suggest Ciena’s coherent optical gear is being activated in real-world deployments, which can support revenue visibility and investor enthusiasm around its subsea growth pipeline.
• Positive Sentiment: Zacks also included Ciena on a list of top liquid stocks, citing strong liquidity, growth attributes, and operational efficiency—factors that can help sustain institutional interest. Article Title
• Neutral Sentiment: A feature on Ciena’s CEO marking 25 years at the company focuses on execution challenges and long-term leadership, which is informative but not a clear near-term catalyst. Article Title
• Negative Sentiment: CEO Gary Smith and SVP Brodie Gage both sold shares, which can sometimes pressure sentiment even though the trades were disclosed as part of pre-arranged 10b5-1 plans. Article Title

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.