TD Asset Management Inc Increases Stock Holdings in Ciena Corporation $CIEN

by · The Markets Daily

TD Asset Management Inc increased its holdings in shares of Ciena Corporation (NYSE:CIEN – Free Report) by 18.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 170,214 shares of the communications equipment provider’s stock after acquiring an additional 25,914 shares during the period. TD Asset Management Inc’s holdings in Ciena were worth $39,808,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sivia Capital Partners LLC lifted its position in shares of Ciena by 10.2% during the 4th quarter. Sivia Capital Partners LLC now owns 1,876 shares of the communications equipment provider’s stock valued at $439,000 after buying an additional 173 shares in the last quarter. Lido Advisors LLC lifted its position in shares of Ciena by 1.5% during the 4th quarter. Lido Advisors LLC now owns 4,994 shares of the communications equipment provider’s stock valued at $1,168,000 after buying an additional 72 shares in the last quarter. Greenspring Advisors LLC purchased a new position in shares of Ciena during the 4th quarter valued at approximately $260,000. CIBC Asset Management Inc lifted its position in shares of Ciena by 43.2% during the 4th quarter. CIBC Asset Management Inc now owns 6,532 shares of the communications equipment provider’s stock valued at $1,528,000 after buying an additional 1,969 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Ciena by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,118,142 shares of the communications equipment provider’s stock valued at $261,500,000 after buying an additional 57,218 shares in the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.

Insider Transactions at Ciena

In other news, SVP Brodie Gage sold 5,000 shares of Ciena stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $405.00, for a total transaction of $2,025,000.00. Following the transaction, the senior vice president owned 46,341 shares in the company, valued at $18,768,105. The trade was a 9.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jason Phipps sold 22,014 shares of Ciena 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 transaction, the senior vice president owned 68 shares in the company, valued at approximately $27,866.40. This represents a 99.69% 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 in the last quarter. Company insiders own 0.58% of the company’s stock.

Ciena Trading Down 8.7%

Shares of CIEN stock opened at $489.24 on Friday. The stock’s fifty day moving average is $516.11 and its two-hundred day moving average is $354.57. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.14 and a current ratio of 2.73. The firm has a market capitalization of $69.18 billion, a P/E ratio of 163.08 and a beta of 1.24. Ciena Corporation has a fifty-two week low of $70.85 and a fifty-two week high of $637.51.

Ciena (NYSE:CIEN – Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share for the quarter, beating 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 company 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 EPS. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. Research analysts expect that Ciena Corporation will post 5.14 earnings per share for the current fiscal year.

More 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.

Wall Street Analysts Forecast Growth

CIEN has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Ciena from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Rothschild & Co Redburn began coverage on Ciena in a report on Friday, May 1st. They issued a “neutral” rating and a $416.00 price objective on the stock. Stifel Nicolaus set a $615.00 price objective on Ciena in a report on Friday, May 29th. Northland Securities set a $450.00 price objective on Ciena in a report on Friday. Finally, Citigroup raised their price objective on Ciena from $345.00 to $658.00 and gave the company a “buy” rating in a report on Monday, May 18th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $530.56.

Get Our Latest Research Report on Ciena

About Ciena

(Free Report)

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.

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