CIEN

CIENA CORP

NYSE · Telephone & Telegraph Apparatus · Inc. MD · CIK 0000936395
$445.98 +0.17% $63.1B
Insider Selling Cluster (3 insiders)High Impact Filing (7/10)27 New Institutional Positions23 Institutional Exits
Vol
Market Cap$63.1B
Cap SizeLarge Cap
Analyst ConsensusBuy (69%)
Inst. Holders50 funds
Inst. Value$34.4B
Inst. Activity27 buys / 23 sells
Insider Activity0B / 18S
Insider Net $-$20.0M
Reddit Sentiment76° Bullish
SEC Reports11
Exchange NYSE·Sector Telephone & Telegraph Apparatus·Inc. MD·CIK 0000936395·Prev Close $445.22

Recent Activity

Jun 11, 2026 SEC
Ciena entered into a $300M revolving credit facility refinancing (replacing existing revolver and repaying all outstandi
8-K — Impact 7/10
Jun 8, 2026 SEC
Ciena announced a $2.0B convertible senior notes offering due 2031 (plus a $300M greenshoe option) to repay its $1.14B t
8-K — Impact 6/10
Jun 4, 2026 SEC
Ciena reported fiscal Q2 2026 results well above consensus, with revenue of $1.57B (+40% YoY) and adjusted EPS of $1.64
8-K — Impact 8/10
Jun 1, 2026 Insider
SMITH GARY B sold 2,952 shares
President, CEO @ $565.92 ($1.7M)
May 15, 2026 Insider
Gage Brodie sold 1,200 shares
SVP Global Products & Supply @ $570.65 ($684.8K)
May 15, 2026 Insider
Rothenstein David M sold 2,500 shares
SVP and Chief Strategy Officer @ $562.39 ($1.4M)
Inst.
Capital Research Global Investors — NEW
2,750,050 shares ($1.1B)
Inst.
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP — TRIM
1,388,477 shares ($539.0M)

Price Targets

$564.92 +26.7% upside Strong Buy
Current $445.98 Low $270.00 Median $600.00 High $720.00 19 analysts
$270.00 $720.00

Analyst Ratings

Buy69% buy · 26 analysts
7Strong Buy
11Buy
8Hold
0Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
Jun 5, 2026 UBS MAINTAIN Neutral → Neutral
Jun 5, 2026 Barclays MAINTAIN Overweight → Overweight
Jun 5, 2026 Morgan Stanley MAINTAIN Equal-Weight → Equal-Weight
Jun 5, 2026 Rosenblatt MAINTAIN Buy → Buy
Jun 5, 2026 Needham MAINTAIN Buy → Buy

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $1.72 ▲ +9.1% $1.68 — $1.76 157% YoY 16
Next Q $1.81 ▲ +1.4% $1.74 — $1.95 98% YoY 16
Current FY $6.54 ▲ +4.8% $6.43 — $6.72 148% YoY 19
Next FY $9.62 ▲ +11.3% $7.59 — $11.33 47% YoY 19

Top Institutional Holders

FundValueMove
FMR LLC$8.2B
BlackRock, Inc.$5.2B
VANGUARD CAPITAL MANAGEMENT LLC$3.6B
VANGUARD PORTFOLIO MANAGEMENT LLC$2.9B
STATE STREET CORP$2.4B

Recent Insider Trades

DateInsiderTypeValue
Jun 1, 2026SMITH GARYSELL$1.7M
May 15, 2026Gage BrodieSELL$684.8K
May 15, 2026Rothenstein DavidSELL$1.4M
May 15, 2026SMITH GARYSELL$1.7M
May 1, 2026SMITH GARYSELL$1.6M

Reddit Sentiment

76°
Bullish
Bearish Neutral Bullish
15 mentions 11 bullish 1 bearish
50 institutional holders with $34.4B total value (88,736,458 shares) as of 2026-Q1. Top holders: FMR, BlackRock,, VANGUARD. Net buying activity: 27 institutions added/increased vs 23 reduced.

Top Institutional Holders — 2026-Q1

#FundSharesValue% of TrackedLast Move
1FMR LLC21,209,756$8.2B24.0%
2BlackRock, Inc.13,373,787$5.2B15.1%
3VANGUARD CAPITAL MANAGEMENT LLC9,169,355$3.6B10.4%
4VANGUARD PORTFOLIO MANAGEMENT LLC7,369,124$2.9B8.3%
5STATE STREET CORP6,309,050$2.4B7.1%
6Capital Research Global Investors2,750,050$1.1B3.1%NEW
7BANK OF AMERICA CORP /DE/1,954,632$758.8M2.2%
8Capital World Investors1,724,807$669.6M1.9%
9MORGAN STANLEY1,561,554$606.2M1.8%
10Invesco Ltd.1,530,293$594.1M1.7%
11ARROWSTREET CAPITAL, LIMITED PARTNERSHIP1,388,477$539.0M1.6%TRIM -37.9%
12CHARLES SCHWAB INVESTMENT MANAGEMENT INC1,272,258$493.9M1.4%ADD +36.0%
13VOYA INVESTMENT MANAGEMENT LLC1,205,099$467.9M1.4%ADD +27.3%
14DIMENSIONAL FUND ADVISORS LP1,146,020$444.7M1.3%
15BNP Paribas Asset Management Holding S.A.1,021,586$396.6M1.2%TRIM -48.2%
16Nuveen, LLC844,193$327.7M1.0%
17SUSQUEHANNA INTERNATIONAL GROUP, LLP838,300$325.5M0.9%
18LONE PINE CAPITAL LLC809,522$314.3M0.9%NEW
19Polar Capital Holdings Plc798,395$310.0M0.9%TRIM -38.1%
20VANGUARD FIDUCIARY TRUST CO793,398$308.0M0.9%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
Capital Research Global InvestorsNEW2,750,050$1.1B2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIPTRIM2,236,8351,388,477-37.9%$539.0M2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INCADD935,7281,272,258+36.0%$493.9M2026-Q1
VOYA INVESTMENT MANAGEMENT LLCADD946,8201,205,099+27.3%$467.9M2026-Q1
BNP Paribas Asset Management Holding S.A.TRIM1,973,1501,021,586-48.2%$396.6M2026-Q1
LONE PINE CAPITAL LLCNEW809,522$314.3M2026-Q1
Polar Capital Holdings PlcTRIM1,289,427798,395-38.1%$310.0M2026-Q1
Legal & General Group PlcADD510,449648,383+27.0%$251.7M2026-Q1
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLCTRIM1,098,593398,579-63.7%$154.7M2026-Q1
SCHRODER INVESTMENT MANAGEMENT GROUPTRIM600,554394,092-34.4%$143.8M2026-Q1
Assenagon Asset Management S.A.TRIM514,242364,547-29.1%$141.5M2026-Q1
PRUDENTIAL FINANCIAL INCTRIM489,151325,763-33.4%$126.5M2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLCTRIM734,365290,123-60.5%$125.6M2026-Q1
BALYASNY ASSET MANAGEMENT L.P.TRIM440,086323,419-26.5%$125.6M2026-Q1
Mitsubishi UFJ Asset Management Co., Ltd.DOUBLED135,124317,137+134.7%$123.1M2026-Q1
BARROW HANLEY MEWHINNEY & STRAUSS LLCTRIM474,984301,554-36.5%$117.1M2026-Q1
Allianz Asset Management GmbHADD173,209289,386+67.1%$112.3M2026-Q1
Neuberger Berman Group LLCTRIM387,168289,692-25.2%$112.1M2026-Q1
1832 Asset Management L.P.TRIM789,900287,400-63.6%$111.6M2026-Q1
JANUS HENDERSON GROUP PLCTRIM441,637249,204-43.6%$96.7M2026-Q1
RHUMBLINE ADVISERSTRIM383,482246,308-35.8%$95.6M2026-Q1
HSBC HOLDINGS PLCDOUBLED54,467223,203+309.8%$86.5M2026-Q1
ENVESTNET ASSET MANAGEMENT INCTRIM260,295191,201-26.5%$74.2M2026-Q1
AMERIPRISE FINANCIAL INCTRIM269,638186,915-30.7%$71.8M2026-Q1
Russell Investments Group, Ltd.ADD108,175178,491+65.0%$68.6M2026-Q1
16 unique insiders with 35 transactions. Net insider value: -$20.0M ($0.00 bought, $20.0M sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
Jun 1, 2026SMITH GARY BPresident, CEOSELL2,952$565.92$1.7M
May 15, 2026Gage BrodieSVP Global Products & SupplySELL1,200$570.65$684.8K
May 15, 2026Rothenstein David MSVP and Chief Strategy OfficerSELL2,500$562.39$1.4M
May 15, 2026SMITH GARY BPresident, CEOSELL2,952$562.05$1.7M
May 1, 2026SMITH GARY BPresident, CEOSELL2,952$537.74$1.6M
Apr 15, 2026DiPerna DinoSVP Global R&DSELL1,322$471.79$623.7K
Apr 15, 2026SMITH GARY BPresident, CEOSELL2,952$467.47$1.4M
Apr 15, 2026Gage BrodieSVP Global Products & SupplySELL1,200$471.79$566.1K
Apr 15, 2026Rothenstein David MSVP and Chief Strategy OfficerSELL2,500$467.65$1.2M
Apr 1, 2026Phipps JasonSVP Global Sales and MarketingSELL1,735$401.58$696.7K
Apr 1, 2026SMITH GARY BPresident, CEOSELL2,952$415.51$1.2M
Apr 1, 2026Kosaraju SheelaSVP and General CounselSELL2,012$401.71$808.2K
Mar 27, 2026Cumello JosephSVP, General Mgr. Blue PlanetSELL1,773$394.82$700.0K
Mar 26, 2026FITT LAWTON WDirectorAWARD605
Mar 26, 2026AHMED HASSANDirectorAWARD605
Mar 26, 2026Claflin Bruce L.DirectorAWARD605
Mar 26, 2026AHMED HASSANDirectorAWARD605
Mar 26, 2026KUMAR DEVINDERDirectorAWARD605
Mar 26, 2026GALLAGHER PATRICKDirectorAWARD605
Mar 26, 2026NEVENS THOMAS MICHAELDirectorAWARD605
Mar 26, 2026Olsen Joanne BethDirectorAWARD605
Mar 26, 2026PUMA MARY GDirectorAWARD605
Mar 24, 2026Gage BrodieSVP Global Products & SupplySELL5,000$405.00$2.0M
Mar 20, 2026Phipps JasonSVP Global Sales and MarketingTAX W/H269$383.89$103.3K
Mar 20, 2026Kosaraju SheelaSVP and General CounselTAX W/H164$383.89$63.0K
Mar 20, 2026Gage BrodieSVP Global Products & SupplyTAX W/H230$383.89$88.3K
Mar 20, 2026Rothenstein David MSVP and Chief Strategy OfficerTAX W/H472$383.89$181.2K
Mar 20, 2026Cumello JosephSVP, General Mgr. Blue PlanetTAX W/H179$383.89$68.7K
Mar 20, 2026DiPerna DinoSVP Global R&DTAX W/H204$383.89$78.3K
Mar 20, 2026Graff Marc D.SVP & Chief Financial OfficerTAX W/H199$383.89$76.4K
Mar 20, 2026SMITH GARY BPresident, CEOTAX W/H937$383.89$359.7K
Mar 16, 2026Rothenstein David MSVP and Chief Strategy OfficerSELL2,500$345.00$862.5K
Mar 16, 2026SMITH GARY BPresident, CEOSELL2,952$359.53$1.1M
Mar 2, 2026SMITH GARY BPresident, CEOSELL2,952$354.64$1.0M
Feb 2, 2026SMITH GARY BPresident, CEOSELL2,952$265.60$784.1K
11 SEC filing reports analyzed. Sentiment: 2 bullish, 1 bearish, 1 mixed, 7 neutral. Avg impact: 4.6/10.

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Buy (69% buy). Based on 26 analysts: 7 strong buy, 11 buy, 8 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$564.92 mean target +26.7% upside Strong Buy (2.00)
$270.00 Low $720.00 High
MetricValue
Current Price$445.98
Target Low$270.00
Target Mean$564.92
Target Median$600.00
Target High$720.00
# Analysts19
RecommendationStrong Buy (2.00)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-07-31
$1.72 $1.68 $1.76 156.8% +9.1% 16↑ 0↓ $1.6B 33.9% 16
Next Q
2026-10-31
$1.81 $1.74 $1.95 98.5% +1.4% 10↑ 6↓ $1.7B 25.4% 16
Current FY
2026-10-31
$6.54 $6.43 $6.72 147.5% +4.8% 18↑ 1↓ $6.3B 32.7% 19
Next FY
2027-10-31
$9.62 $7.59 $11.33 47.2% +11.3% 17↑ 0↓ $8.0B 26.6% 19

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$1.721
7d ago$1.582+0.138
30d ago$1.577+0.143
60d ago$1.572+0.149
90d ago$1.565+0.156
14 analyst firms have rated this stock: 1 upgrades, 1 downgrades, 2 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
Jun 5, 2026 UBS MAINTAIN Neutral Neutral
Jun 5, 2026 Barclays MAINTAIN Overweight Overweight
Jun 5, 2026 Morgan Stanley MAINTAIN Equal-Weight Equal-Weight
Jun 5, 2026 Rosenblatt MAINTAIN Buy Buy
Jun 5, 2026 Needham MAINTAIN Buy Buy
Jun 4, 2026 Raymond James MAINTAIN Outperform Outperform
Jun 2, 2026 B. Riley Securities MAINTAIN Neutral Neutral
May 26, 2026 B of A Securities MAINTAIN Buy Buy
May 18, 2026 Citigroup MAINTAIN Buy Buy
May 15, 2026 TD Cowen MAINTAIN Buy Buy
May 5, 2026 Stifel MAINTAIN Buy Buy
May 1, 2026 Rothschild & Co INITIATE Neutral
Apr 20, 2026 Morgan Stanley MAINTAIN Equal-Weight Equal-Weight
Apr 16, 2026 JP Morgan MAINTAIN Overweight Overweight
Apr 16, 2026 B of A Securities MAINTAIN Buy Buy
Mar 23, 2026 Stifel MAINTAIN Buy Buy
Mar 12, 2026 TD Cowen INITIATE Buy
Mar 6, 2026 UBS MAINTAIN Neutral Neutral
Mar 6, 2026 Rosenblatt MAINTAIN Buy Buy
Mar 6, 2026 B. Riley Securities MAINTAIN Neutral Neutral
Mar 6, 2026 Citigroup MAINTAIN Buy Buy
Mar 6, 2026 Morgan Stanley MAINTAIN Equal-Weight Equal-Weight
Mar 6, 2026 Barclays MAINTAIN Overweight Overweight
Mar 6, 2026 Stifel REITERATE Buy Buy
Mar 6, 2026 B of A Securities UPGRADE Neutral Buy
Mar 5, 2026 Needham MAINTAIN Buy Buy
Mar 2, 2026 JP Morgan MAINTAIN Overweight Overweight
Feb 23, 2026 Morgan Stanley MAINTAIN Equal-Weight Equal-Weight
Feb 19, 2026 Evercore ISI Group MAINTAIN In-Line In-Line
Jan 22, 2026 Stifel MAINTAIN Buy Buy
Jan 20, 2026 B of A Securities DOWNGRADE Buy Neutral
Dec 17, 2025 Morgan Stanley MAINTAIN Equal-Weight Equal-Weight

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 202671180069%
May 1, 202671170072%
Apr 1, 202671170072%
Mar 1, 202661080067%
Feb 1, 202661080067%
Jan 1, 202671070071%
Strong BuyBuyHoldSellStrong Sell

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

76°
Bullish
Bearish Neutral Bullish
15 mentions 11 bullish 1 bearish 15 time periods

Reddit Sentiment History

DateMentionsSentimentBullishBearishThreads
Jun 9, 2026160° Warm101
Jun 9, 2026160° Warm101
Jun 4, 2026160° Warm101
Jun 4, 2026160° Warm101
Jun 4, 2026160° Warm101
Jun 4, 2026160° Warm101
Jun 2, 2026160° Warm101
Jun 2, 2026160° Warm101
Apr 9, 2026140° Cool011
Apr 5, 2026150° Neutral001
Apr 5, 2026150° Neutral001
Mar 17, 2026160° Warm101
Mar 17, 2026160° Warm101
Feb 28, 2026150° Neutral001
Feb 14, 2026160° Warm101

Recent Reddit Threads

r/investing Bullish 8d 19h ago
Ciena just showed why AI infrastructure is bigger than Nvidia
▲ 1 💬 0 ⚡ 0.5
r/wallstreetbets Bullish 10d 19h ago
AVGO and CIEN
▲ 1 💬 0 ⚡ 0.5
r/wallstreetbets Bearish 2mo ago
After hours moves - bought: USO, short: LITE, CIEN, SNDK, WDC
▲ 1 💬 0 ⚡ 0.5
r/wallstreetbets Neutral 2mo ago
CIEN investors right now: accidentally rich
▲ 1 💬 1 ⚡ 0.5
r/pennystocks Bullish 2mo ago
Another undervalued photonics pureplay: $SMOP.OL
▲ 1 💬 1 ⚡ 0.5
r/wallstreetbets Neutral 3mo ago
CIEN 209k Short Yolo
▲ 1 💬 1 ⚡ 0.1
Jun 4, 2026
earnings_calendar
CIEN Q2 2026 Earnings Before Market Open — 2026-06-04
May 18, 2026
dark_pool
Dark Pool: CIEN — 3.1M shares, 99,037 trades
Week starting 2026-05-18. Total ATS volume: 3,113,024 shares across 99,037 trades.
May 11, 2026
dark_pool
Dark Pool: CIEN — 2.1M shares, 77,111 trades
Week starting 2026-05-11. Total ATS volume: 2,072,834 shares across 77,111 trades.
May 6, 2026
short_volume
Short Volume: CIEN — 63.0% short (0.6M / 1.0M)
Short: 625,097 | Exempt: 650 | TRF Vol: 992,131 | Short Ratio: 63.0% | Off-exchange volume (dark pool + OTC)
May 4, 2026
dark_pool
Dark Pool: CIEN — 2.7M shares, 91,072 trades
Week starting 2026-05-04. Total ATS volume: 2,654,309 shares across 91,072 trades.
Apr 27, 2026
dark_pool
Dark Pool: CIEN — 2.8M shares, 98,552 trades
Week starting 2026-04-27. Total ATS volume: 2,847,066 shares across 98,552 trades.
Apr 23, 2026
short_interest
FTD: CIEN — 14,048 shares ($7.0M) failed to deliver
Settlement: 20260423, Price: $498.97, FTD Value: $7,009,530.56, CIENA CORP COM NEW
Apr 20, 2026
short_interest
FTD: CIEN — 19,237 shares ($9.8M) failed to deliver
Settlement: 20260420, Price: $507.43, FTD Value: $9,761,430.91, CIENA CORP COM NEW
Apr 20, 2026
dark_pool
Dark Pool: CIEN — 2.7M shares, 80,294 trades
Week starting 2026-04-20. Total ATS volume: 2,705,308 shares across 80,294 trades.
Apr 17, 2026
short_volume
Short Volume: CIEN — 56.5% short (0.4M / 0.7M)
Short: 418,453 | Exempt: 579 | TRF Vol: 741,238 | Short Ratio: 56.5% | Off-exchange volume (dark pool + OTC)
Apr 14, 2026
short_interest
FTD: CIEN — 16,907 shares ($8.1M) failed to deliver
Settlement: 20260414, Price: $479.90, FTD Value: $8,113,669.3, CIENA CORP COM NEW
Apr 13, 2026
dark_pool
Dark Pool: CIEN — 3.6M shares, 92,833 trades
Week starting 2026-04-13. Total ATS volume: 3,614,962 shares across 92,833 trades.
Apr 10, 2026
short_volume
Short Volume: CIEN — 62.1% short (0.7M / 1.2M)
Short: 731,873 | Exempt: 5 | TRF Vol: 1,178,076 | Short Ratio: 62.1% | Off-exchange volume (dark pool + OTC)
Apr 8, 2026
short_volume
Short Volume: CIEN — 59.6% short (1.0M / 1.7M)
Short: 1,038,982 | Exempt: 129 | TRF Vol: 1,743,360 | Short Ratio: 59.6% | Off-exchange volume (dark pool + OTC)
Apr 6, 2026
dark_pool
Dark Pool: CIEN — 3.6M shares, 92,280 trades
Week starting 2026-04-06. Total ATS volume: 3,573,152 shares across 92,280 trades.