Daiwa Securities Group Inc. Has $2.95 Million Stock Holdings in Ciena Corporation $CIEN

by · The Markets Daily

Daiwa Securities Group Inc. boosted its holdings in shares of Ciena Corporation (NYSE:CIEN – Free Report) by 6,200.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,600 shares of the communications equipment provider’s stock after acquiring an additional 12,400 shares during the period. Daiwa Securities Group Inc.’s holdings in Ciena were worth $2,947,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. TD Asset Management Inc raised its holdings in shares of Ciena by 18.0% in the fourth quarter. TD Asset Management Inc now owns 170,214 shares of the communications equipment provider’s stock valued at $39,808,000 after purchasing an additional 25,914 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Ciena by 10.2% in the fourth quarter. Sivia Capital Partners LLC now owns 1,876 shares of the communications equipment provider’s stock valued at $439,000 after purchasing an additional 173 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of Ciena by 1.5% in the fourth quarter. Lido Advisors LLC now owns 4,994 shares of the communications equipment provider’s stock valued at $1,168,000 after purchasing an additional 72 shares during the last quarter. Greenspring Advisors LLC purchased a new stake in shares of Ciena in the fourth quarter valued at about $260,000. Finally, CIBC Asset Management Inc raised its holdings in shares of Ciena by 43.2% in the fourth quarter. CIBC Asset Management Inc now owns 6,532 shares of the communications equipment provider’s stock valued at $1,528,000 after purchasing an additional 1,969 shares during the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.

Ciena Price Performance

CIEN opened at $438.30 on Wednesday. The firm has a market cap of $62.04 billion, a P/E ratio of 146.10 and a beta of 1.24. The firm has a 50-day moving average of $518.37 and a 200 day moving average of $359.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.11 and a current ratio of 2.73. Ciena Corporation has a fifty-two week low of $70.85 and a fifty-two week high of $637.51.

Ciena (NYSE:CIEN – Get Free Report) last posted its quarterly earnings results on Thursday, June 4th. The communications equipment provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.18. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. Ciena had a net margin of 7.87% and a return on equity of 18.15%. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. On average, research analysts expect that Ciena Corporation will post 5.15 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Raymond James Financial increased their target price on shares of Ciena from $320.00 to $530.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Bank of America increased their target price on shares of Ciena from $550.00 to $660.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Evercore set a $330.00 target price on shares of Ciena in a report on Thursday, February 19th. Zacks Research downgraded shares of Ciena from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Ciena from $380.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $530.56.

Check Out Our Latest Stock Report on Ciena

Insider Activity at Ciena

In related news, SVP Brodie Gage sold 5,000 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $405.00, for a total transaction of $2,025,000.00. Following the completion of the transaction, the senior vice president owned 46,341 shares in the company, valued at approximately $18,768,105. This represents a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary B. Smith sold 2,952 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $415.51, for a total transaction of $1,226,585.52. Following the transaction, the chief executive officer owned 281,365 shares of the company’s stock, valued at approximately $116,909,971.15. The trade was a 1.04% 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. Over the last 90 days, insiders sold 44,174 shares of company stock worth $19,502,359. 0.58% of the stock is owned by company insiders.

Key Stories Impacting Ciena

Here are the key news stories impacting Ciena this week:

  • Positive Sentiment: Ciena beat fiscal Q2 expectations, with revenue and EPS coming in ahead of estimates, and it raised fiscal 2026 revenue guidance as AI-driven cloud and optical networking demand continues to strengthen. Article Title
  • Positive Sentiment: The company’s growing backlog and international network wins, including subsea cable capacity upgrades in Indonesia, suggest demand remains healthy beyond the earnings report. Article Title
  • Neutral Sentiment: Analysts and market commentators say the stock may be digesting a sharp prior rally, so some of the pullback may reflect profit-taking rather than a change in business fundamentals. Article Title
  • Negative Sentiment: Sentiment was hit by Ciena’s announcement of a large $2.5 billion zero-coupon convertible notes offering, which raised dilution and balance-sheet concerns even though the proceeds may be used for debt repayment, buybacks, and supply-chain funding. Article Title
  • Negative Sentiment: Coverage from multiple outlets tied the stock’s decline to the convertible-debt financing plan, with investors focusing more on capital raising than on the earnings beat. Article Title

About Ciena

(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.

In addition to hardware offerings, Ciena provides professional services and support, including network design, implementation and ongoing maintenance.

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