3,000 Shares in Ciena Corporation $CIEN Purchased by Gordian Capital Singapore Pte Ltd

Key Points

• Gordian Capital Singapore has acquired 3,000 shares of Ciena Corporation, valued at approximately $185,000, as part of its new investment position in the company during the 1st quarter.
• Ciena reported earnings per share of $0.42 for the last quarter, missing the analysts' consensus estimate of $0.50, but its revenue increased by 23.6% year-over-year to $1.13 billion.
• Analyst ratings for Ciena show a mixed outlook, with two analysts

Gordian Capital Singapore Pte Ltd acquired a new position in Ciena Corporation (NYSE:CIEN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,000 shares of the communications equipment provider's stock, valued at approximately $185,000.

Several other hedge funds have also recently bought and sold shares of the business. State of Wyoming lifted its stake in Ciena by 20.9% in the 1st quarter. State of Wyoming now owns 14,347 shares of the communications equipment provider's stock worth $867,000 after acquiring an additional 2,484 shares in the last quarter. FORA Capital LLC purchased a new stake in shares of Ciena during the 1st quarter worth about $2,584,000. Quantitative Investment Management LLC purchased a new stake in shares of Ciena during the 1st quarter worth about $1,377,000. Jump Financial LLC purchased a new stake in shares of Ciena during the 1st quarter worth about $9,691,000. Finally, AlphaQuest LLC raised its stake in shares of Ciena by 450.6% during the 1st quarter. AlphaQuest LLC now owns 6,150 shares of the communications equipment provider's stock worth $372,000 after purchasing an additional 5,033 shares in the last quarter. 91.99% of the stock is owned by hedge funds and other institutional investors.

Ciena Price Performance

Shares of NYSE:CIEN opened at $97.87 on Friday. Ciena Corporation has a 1-year low of $49.21 and a 1-year high of $101.44. The firm has a market capitalization of $13.83 billion, a PE ratio of 135.92, a PEG ratio of 2.07 and a beta of 1.11. The business's 50 day moving average is $86.61 and its 200-day moving average is $76.83. The company has a current ratio of 3.40, a quick ratio of 2.57 and a debt-to-equity ratio of 0.55.

Ciena (NYSE:CIEN - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The communications equipment provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.08). Ciena had a return on equity of 5.08% and a net margin of 2.46%.The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business posted $0.27 EPS. Ciena's revenue for the quarter was up 23.6% compared to the same quarter last year. Ciena has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Ciena Corporation will post 1.6 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on CIEN. Wall Street Zen lowered Ciena from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of Ciena in a report on Friday, June 6th. Morgan Stanley reissued an "underweight" rating and set a $70.00 price objective (down previously from $73.00) on shares of Ciena in a report on Tuesday, July 8th. B. Riley reaffirmed a "buy" rating and issued a $90.00 target price (up previously from $89.00) on shares of Ciena in a report on Friday, June 6th. Finally, Rosenblatt Securities raised their target price on Ciena from $65.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ciena currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.54.

Insider Transactions at Ciena

In other news, CEO Gary B. Smith sold 6,800 shares of Ciena stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $90.54, for a total transaction of $615,672.00. Following the sale, the chief executive officer owned 311,957 shares of the company's stock, valued at approximately $28,244,586.78. This trade represents a 2.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph Cumello sold 2,044 shares of Ciena stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $81.64, for a total value of $166,872.16. Following the sale, the senior vice president directly owned 47,198 shares in the company, valued at $3,853,244.72. The trade was a 4.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,969 shares of company stock worth $2,694,781 over the last quarter. 0.93% of the stock is owned by company insiders.

About Ciena

Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services.

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