Rep. Lisa C. McClain Buys Ciena Corporation (NYSE:CIEN) Stock

Key Points

• Representative Lisa C. McClain purchased between $1,001 and $15,000 worth of Ciena Corporation (NYSE:CIEN) stock on June 17th, as disclosed in a filing on August 13th.
• Ciena reported quarterly earnings of $0.42 per share, missing expectations, but revenues of $1.13 billion surpassed estimates.
• Institutional investors' confidence in Ciena is increasing, with major firms like Bessemer Group Inc. increasing their stakes significantly in recent quarters.

Representative Lisa C. McClain (R-Michigan) recently bought shares of Ciena Corporation NYSE: CIEN. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Ciena stock on June 17th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Ciena Stock Performance

CIEN opened at $86.5670 on Thursday. The company has a quick ratio of 2.57, a current ratio of 3.40 and a debt-to-equity ratio of 0.55. The stock's 50 day moving average price is $84.43 and its two-hundred day moving average price is $76.75. The firm has a market capitalization of $12.24 billion, a P/E ratio of 120.23, a price-to-earnings-growth ratio of 1.99 and a beta of 1.11. Ciena Corporation has a 12-month low of $49.21 and a 12-month high of $101.44.

Ciena (NYSE:CIEN - Get Free Report) last posted 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). The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Ciena had a net margin of 2.46% and a return on equity of 5.08%. The firm's revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. Ciena has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Ciena Corporation will post 1.6 earnings per share for the current year.

Institutional Investors Weigh In On Ciena

Institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its stake in Ciena by 73.7% in the 4th quarter. Bessemer Group Inc. now owns 356 shares of the communications equipment provider's stock valued at $30,000 after buying an additional 151 shares in the last quarter. Bayforest Capital Ltd raised its stake in Ciena by 34.7% during the first quarter. Bayforest Capital Ltd now owns 636 shares of the communications equipment provider's stock worth $38,000 after acquiring an additional 164 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Ciena by 66.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 640 shares of the communications equipment provider's stock valued at $39,000 after acquiring an additional 256 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Ciena in the 4th quarter valued at $42,000. Finally, AdvisorNet Financial Inc grew its holdings in shares of Ciena by 9,162.5% in the 1st quarter. AdvisorNet Financial Inc now owns 741 shares of the communications equipment provider's stock worth $45,000 after purchasing an additional 733 shares during the last quarter. 91.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CIEN has been the subject of a number of research reports. Northland Securities set a $100.00 price target on shares of Ciena in a report on Monday, June 30th. Wall Street Zen upgraded shares of Ciena from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Rosenblatt Securities lifted their target price on Ciena from $65.00 to $85.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Morgan Stanley reaffirmed an "underweight" rating and issued a $70.00 price target (down previously from $73.00) on shares of Ciena in a report on Tuesday, July 8th. Finally, Wolfe Research upgraded Ciena to a "strong-buy" rating in a research report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $85.54.

Insider Activity

In other news, SVP Joseph Cumello sold 2,044 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $81.64, for a total transaction of $166,872.16. Following the completion of the sale, the senior vice president owned 47,198 shares of the company's stock, valued at approximately $3,853,244.72. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gary B. Smith sold 6,800 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $82.23, for a total value of $559,164.00. Following the completion of the transaction, the chief executive officer directly owned 325,557 shares in the company, valued at $26,770,552.11. The trade was a 2.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,969 shares of company stock valued at $2,694,781. Company insiders own 0.93% of the company's stock.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

Ciena Company Profile

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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