Ciena (NYSE:CIEN) Stock Sale Revealed by Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Ciena Corporation (NYSE:CIEN). In a filing disclosed on November 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Ciena stock on October 21st. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 11/2/2026.
• Purchased $1,001 – $15,000 in shares of argenex (NASDAQ:ARGX) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of PTC (NASDAQ:PTC) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Micron Solutions (OTCMKTS:MICR) on 10/21/2026.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 10/21/2026.
• Purchased $1,001 – $15,000 in shares of Moderna (NASDAQ:MRNA) on 10/20/2026.

Ciena Trading Down 0.4%

Shares of NYSE CIEN traded down $1.24 during midday trading on Thursday, reaching $294.80. 2,159,288 shares of the stock were exchanged, compared to its average volume of 2,933,138. The stock has a 50 day moving average price of $345.00 and a 200-day moving average price of $403.27. The company has a current ratio of 3.80, a quick ratio of 3.17 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $41.81 billion, a P/E ratio of 65.80, a P/E/G ratio of 2.18 and a beta of 1.33. Ciena Corporation has a 52-week low of $168.22 and a 52-week high of $637.51.

Ciena (NYSE:CIEN) last released its quarterly earnings data on Thursday, September 3rd. The communications equipment provider reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.38. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. Ciena had a return on equity of 25.33% and a net margin of 10.87%. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. Equities research analysts expect that Ciena Corporation will post 6.00 earnings per share for the current fiscal year.

Insider Activity at Ciena

In related news, EVP Jason Phipps sold 2,629 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $355.19, for a total transaction of $933,794.51. Following the sale, the executive vice president directly owned 57,388 shares in the company, valued at $20,383,643.72. This trade represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Joseph Cumello sold 1,586 shares of the business’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $358.52, for a total value of $568,612.72. Following the completion of the sale, the executive vice president owned 39,570 shares in the company, valued at approximately $14,186,636.40. This trade represents a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,014 shares of company stock valued at $13,216,540 over the last 90 days. Insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On Ciena

Several hedge funds and other institutional investors have recently made changes to their positions in CIEN. Swiss National Bank increased its stake in shares of Ciena by 7.0% in the 1st quarter. Swiss National Bank now owns 413,332 shares of the communications equipment provider’s stock valued at $160,468,000 after acquiring an additional 26,900 shares during the last quarter. Wealth High Governance Capital Ltda acquired a new position in Ciena in the first quarter valued at about $10,883,000. Fifth Third Bancorp grew its stake in Ciena by 983.2% in the first quarter. Fifth Third Bancorp now owns 17,168 shares of the communications equipment provider’s stock valued at $6,665,000 after acquiring an additional 15,583 shares during the period. Plato Investment Management Ltd bought a new stake in shares of Ciena in the second quarter worth about $2,124,000. Finally, Mezzasalma Advisors LLC increased its holdings in shares of Ciena by 300.1% in the third quarter. Mezzasalma Advisors LLC now owns 5,682 shares of the communications equipment provider’s stock worth $1,999,000 after acquiring an additional 4,262 shares in the last quarter. 91.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CIEN shares. Evercore raised Ciena from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $375.00 to $550.00 in a research report on Monday, September 21st. Rothschild & Co Redburn cut their price objective on shares of Ciena from $538.43 to $406.81 and set a “neutral” rating for the company in a research report on Monday, September 14th. Zacks Research upgraded shares of Ciena from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 9th. Rosenblatt Securities reiterated a “buy” rating and issued a $525.00 target price on shares of Ciena in a research note on Thursday, September 17th. Finally, TD Cowen reissued a “buy” rating on shares of Ciena in a research report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ciena presently has a consensus rating of “Moderate Buy” and a consensus price target of $485.93.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Ciena Company Profile

Ciena is a communications networking company that develops equipment, software and services used to build and manage telecommunications networks. Its offerings support the movement of data across fiber-optic, subsea and other network infrastructure. The company’s products include optical transport systems, routing and switching equipment, and software for network automation and management. Ciena also provides consulting, implementation and support services to help customers plan, deploy and operate their networks.