Ciena (NYSE:CIEN) Stock Price Down 6% – Here’s What Happened

05 Jan 2026, 20:00 by Kim Johansen · The Markets Daily

Ciena Corporation (NYSE:CIEN – Get Free Report) dropped 6% on Monday . The stock traded as low as $223.27 and last traded at $231.2980. Approximately 894,794 shares changed hands during trading, a decline of 30% from the average daily volume of 1,274,541 shares. The stock had previously closed at $246.06.

Wall Street Analysts Forecast Growth

CIEN has been the topic of several recent analyst reports. Northland Capmk downgraded Ciena from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Bank of America boosted their target price on shares of Ciena from $200.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Ciena in a report on Wednesday, October 8th. Citigroup boosted their price objective on shares of Ciena to $280.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, UBS Group upped their price target on Ciena from $120.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $237.50.

Read Our Latest Research Report on CIEN

Ciena Stock Performance

The stock has a 50 day moving average price of $207.91 and a two-hundred day moving average price of $145.48. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.73 and a quick ratio of 2.09. The company has a market capitalization of $31.94 billion, a price-to-earnings ratio of 265.76, a price-to-earnings-growth ratio of 1.41 and a beta of 1.13.

Ciena (NYSE:CIEN – Get Free Report) last posted its quarterly earnings data on Thursday, December 11th. The communications equipment provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.15. Ciena had a net margin of 2.59% and a return on equity of 8.38%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $0.54 EPS. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, analysts predict that Ciena Corporation will post 1.6 EPS for the current fiscal year.

Insider Activity at Ciena

In other Ciena news, SVP Brodie Gage sold 550 shares of Ciena stock in a transaction on Monday, December 15th. The shares were sold at an average price of $220.84, for a total transaction of $121,462.00. Following the completion of the sale, the senior vice president owned 39,992 shares of the company’s stock, valued at approximately $8,831,833.28. The trade was a 1.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas Michael Nevens sold 8,554 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $224.66, for a total value of $1,921,741.64. Following the completion of the sale, the director directly owned 9,422 shares of the company’s stock, valued at approximately $2,116,746.52. This trade represents a 47.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 43,565 shares of company stock worth $8,897,954 over the last ninety days. Company insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On Ciena

Several hedge funds have recently made changes to their positions in CIEN. Community Bank N.A. acquired a new stake in Ciena in the 3rd quarter valued at $25,000. Mather Group LLC. bought a new position in shares of Ciena in the 3rd quarter valued at about $28,000. Assetmark Inc. increased its stake in shares of 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 during the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of Ciena by 104.0% in the 3rd quarter. Ameritas Advisory Services LLC now owns 204 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 104 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in shares of Ciena in the 3rd quarter valued at about $31,000. 91.99% of the stock is owned by institutional investors.

Ciena Company Profile

(Get 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.