Bienville Capital Management LLC Has $20.73 Million Position in Ciena Corporation $CIEN

Bienville Capital Management LLC cut its stake in Ciena Corporation (NYSE:CIEN) by 39.8% in the second quarter, HoldingsChannel.com reports. The fund owned 42,259 shares of the communications equipment provider’s stock after selling 27,908 shares during the period. Ciena makes up 2.8% of Bienville Capital Management LLC’s investment portfolio, making the stock its 11th largest position. Bienville Capital Management LLC’s holdings in Ciena were worth $20,731,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SmartHarvest Portfolios LLC grew its holdings in Ciena by 1.8% during the first quarter. SmartHarvest Portfolios LLC now owns 1,142 shares of the communications equipment provider’s stock valued at $443,000 after purchasing an additional 20 shares during the period. Carolina Wealth Advisors LLC raised its holdings in Ciena by 57.8% in the second quarter. Carolina Wealth Advisors LLC now owns 71 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 26 shares during the period. Triumph Capital Management boosted its position in shares of Ciena by 15.2% during the second quarter. Triumph Capital Management now owns 205 shares of the communications equipment provider’s stock worth $101,000 after purchasing an additional 27 shares in the last quarter. Syon Capital LLC boosted its position in shares of Ciena by 3.1% during the second quarter. Syon Capital LLC now owns 910 shares of the communications equipment provider’s stock worth $446,000 after purchasing an additional 27 shares in the last quarter. Finally, Modera Wealth Management LLC grew its holdings in shares of Ciena by 1.8% in the 1st quarter. Modera Wealth Management LLC now owns 1,685 shares of the communications equipment provider’s stock valued at $654,000 after buying an additional 29 shares during the period. Institutional investors own 91.99% of the company’s stock.

Insider Activity at Ciena

In other Ciena news, SVP Brodie Gage sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $466.10, for a total value of $559,320.00. Following the sale, the senior vice president owned 42,741 shares in the company, valued at approximately $19,921,580.10. The trade was a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary Smith sold 2,952 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $362.90, for a total value of $1,071,280.80. Following the transaction, the chief executive officer directly owned 243,078 shares of the company’s stock, valued at approximately $88,213,006.20. This trade represents a 1.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 25,422 shares of company stock valued at $11,038,802 over the last ninety days. Company insiders own 0.58% of the company’s stock.

Key Headlines Impacting Ciena

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Northland Securities maintained an “Outperform” rating and a $500 price target, forecasting quarterly EPS of $2.15 in Q1 2027, $2.49 in Q2, $2.93 in Q3 and $3.41 in Q4. The estimates imply significant earnings growth and provide an optimistic counterpoint to recent weakness. MarketBeat Ciena analyst estimates
• Positive Sentiment: A Zacks analysis identified Ciena’s growth characteristics as potentially capable of producing exceptional returns, supporting the bullish case for investors seeking exposure to communications infrastructure and AI-related networking demand. Zacks growth-stock analysis
• Positive Sentiment: Ciena and Telstra reported a record 1.6-terabit-per-second transmission over 1,100 kilometers, highlighting the company’s optical technology and its ability to support high-capacity telecom networks. Ciena optics are also being deployed in high-capacity networks for Telstra and Spark in the Asia-Pacific region. Telstra and Ciena transmission announcement
• Neutral Sentiment: Citi reportedly believes Ciena shares could more than double, reinforcing the upside narrative, although the article provides limited detail on the assumptions behind that view. Citi Ciena price-target article
• Negative Sentiment: Recent commentary points to a roughly 14%–17% monthly decline. Supply limitations are restricting growth, while margin concerns have weighed on the shares even after Ciena exceeded quarterly earnings expectations and reported record margins. At a high valuation, investors may be demanding continued upside surprises. Zacks Ciena stock analysis

Analyst Upgrades and Downgrades

CIEN has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price objective on shares of Ciena from $490.00 to $425.00 and set an “equal weight” rating for the company in a research report on Friday, September 4th. JPMorgan Chase & Co. decreased their target price on Ciena from $635.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday, September 4th. Stifel Nicolaus set a $615.00 price target on Ciena in a report on Friday, May 29th. UBS Group lowered their price target on Ciena from $508.00 to $394.00 and set a “neutral” rating for the company in a report on Friday, September 4th. Finally, Argus set a $650.00 price objective on Ciena in a report on Friday, June 5th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ciena presently has a consensus rating of “Moderate Buy” and a consensus price target of $480.95.

Ciena Trading Down 1.0%

CIEN opened at $337.76 on Thursday. The stock has a market capitalization of $47.90 billion, a P/E ratio of 75.39 and a beta of 1.30. Ciena Corporation has a 12 month low of $123.65 and a 12 month high of $637.51. The firm’s fifty day simple moving average is $395.02 and its 200 day simple moving average is $438.74. The company has a current ratio of 3.80, a quick ratio of 3.17 and a debt-to-equity ratio of 1.06.

Ciena (NYSE:CIEN) last released its earnings results on Thursday, September 3rd. The communications equipment provider reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.38. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Ciena had a return on equity of 25.33% and a net margin of 10.87%.The company’s revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. As a group, research analysts anticipate that Ciena Corporation will post 5.43 EPS for the current fiscal year.

Ciena Company Profile

Ciena Corporation (NYSE: CIEN) is a networking technology company that provides hardware, software and services for communications networks. Its solutions help service providers, cloud companies, enterprises and government organizations build, manage and automate high-capacity networks that support broadband, cloud computing, data center interconnection and other digital services.

The company’s product portfolio includes optical networking systems, coherent optical technology, routers, switches, network control and automation software, and network management tools.