Ciena (NYSE:CIEN) SVP Jason Phipps Sells 22,014 Shares

04 Apr 2026, 00:18 by Sarita Garza · The Markets Daily

Ciena Corporation (NYSE:CIEN – Get Free Report) SVP Jason Phipps sold 22,014 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $409.80, for a total transaction of $9,021,337.20. Following the completion of the transaction, the senior vice president directly owned 68 shares in the company, valued at $27,866.40. This represents a 99.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jason Phipps also recently made the following trade(s):

On Thursday, January 15th, Jason Phipps sold 21,383 shares of Ciena stock. The shares were sold at an average price of $247.89, for a total value of $5,300,631.87.

Ciena Stock Performance

Shares of Ciena stock traded up $0.66 on Friday, reaching $448.42. 3,613,051 shares of the company were exchanged, compared to its average volume of 3,548,509. The firm has a market cap of $63.41 billion, a price-to-earnings ratio of 285.62, a P/E/G ratio of 1.59 and a beta of 1.01. Ciena Corporation has a 1-year low of $49.21 and a 1-year high of $453.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.14 and a current ratio of 2.81. The company’s 50-day moving average is $329.43 and its two-hundred day moving average is $241.89.

Ciena (NYSE:CIEN – Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The communications equipment provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.18. Ciena had a return on equity of 12.09% and a net margin of 4.47%.The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business earned $0.64 EPS. The firm’s revenue was up 33.1% on a year-over-year basis. As a group, research analysts expect that Ciena Corporation will post 1.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ciena

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. purchased a new stake in shares of Ciena in the third quarter worth approximately $1,993,000. Convergence Investment Partners LLC purchased a new position in Ciena during the third quarter valued at approximately $1,726,000. Peak Financial Advisors LLC grew its position in Ciena by 222.7% during the fourth quarter. Peak Financial Advisors LLC now owns 11,596 shares of the communications equipment provider’s stock valued at $2,712,000 after purchasing an additional 8,003 shares in the last quarter. Semanteon Capital Management LP acquired a new position in Ciena in the 3rd quarter valued at approximately $568,000. Finally, New York State Common Retirement Fund increased its stake in Ciena by 38.7% in the 3rd quarter. New York State Common Retirement Fund now owns 112,011 shares of the communications equipment provider’s stock valued at $16,317,000 after buying an additional 31,225 shares during the period. 91.99% of the stock is currently owned by hedge funds and other institutional investors.

Ciena News Roundup

Here are the key news stories impacting Ciena this week:

Positive Sentiment: Ciena hit a 52‑week high as investor flows chased networking firms benefiting from AI and data‑center upgrades — a direct positive for demand expectations and the stock’s momentum. Ciena Corp stock hits 52-week high at 447.04 USD
Positive Sentiment: Ciena’s chief strategy/security officer urged service providers to embrace hyperscale AI approaches — messaging that positions Ciena to win network modernization spending tied to AI buildouts. Ciena CSO advocates for service providers to follow hyperscale AI embrace
Positive Sentiment: Corporate win: Ciena is supporting a Vodafone Idea upgrade that helped the company’s profile in Russell 1000 coverage — a concrete customer engagement that supports revenue visibility. Ciena (NYSE:CIEN) Supports Vodafone Idea Upgrade In Russell 1000
Neutral Sentiment: Coverage and valuation checks point to strong recent performance (big YTD/3‑month gains) but also raise valuation/caution flags for new buyers — useful context for investors deciding whether to add. Ciena (CIEN) Valuation Check After Strong Recent Share Price Performance
Neutral Sentiment: Market newsfeeds highlighted Ciena among optics/networking names gaining in intraday coverage, reflecting sector momentum rather than company‑specific catalysts. Stock market today: Dow pares losses on Hormuz news, but oil holds gains; Ciena, Lumentum surge (live coverage)
Neutral Sentiment: Insider transaction: CEO Gary B. Smith sold ~2,952 shares (~1.04% reduction of his position) under a pre‑arranged Rule 10b5‑1 plan — disclosed but structured to be routine, so limited informational impact. SEC Filing – Insider Sale
Negative Sentiment: Broader market risks — oil price spikes and geopolitical headlines (Hormuz tensions) have created mixed equities sessions, which can cap gains for cyclical/tech names including Ciena if risk appetite retreats. Equities Mixed as Oil Surges; Wall Street Logs First Weekly Rise Since February

Wall Street Analysts Forecast Growth

CIEN has been the subject of a number of research analyst reports. B. Riley Financial upped their price target on shares of Ciena from $222.00 to $283.00 and gave the company a “neutral” rating in a report on Friday, March 6th. JPMorgan Chase & Co. boosted their target price on shares of Ciena from $250.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Morgan Stanley increased their target price on shares of Ciena from $280.00 to $286.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. Weiss Ratings restated a “hold (c)” rating on shares of Ciena in a report on Wednesday, January 21st. Finally, Needham & Company LLC lifted their price target on shares of Ciena from $280.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ciena currently has an average rating of “Moderate Buy” and a consensus target price of $327.12.

Check Out Our Latest Research Report on Ciena

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.