Ciena (CIEN)

• Market cap: $19.4B
• 1 day: 1.16%
• 5 days: 11.04%
• 1 month: 49.55%
• 3 months: 86.39%
• 6 months: 109.32%
• Year to date: 65.16%
• 1 year: 144.19%
• 5 years: 231.84%
• 10 years: 505.91%
• Sector: Technology
• Industry: Communication Equipment

About: Ciena is a telecommunications equipment provider focused on optical transport technologies, with clients in a number of industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises worldwide. The company provides equipment, software, and services that support transport, switching, aggregation, service delivery, and data traffic management.

Employees: 8,657

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

52% more call options, than puts

Call options by funds: $184M | Put options by funds: $121M

50% more funds holding in top 10

Funds holding in top 10: 6 [Q1] → 9 (+3) [Q2]

39% more capital invested

Capital invested by funds: $8.25B [Q1] → $11.5B (+$3.21B) [Q2]

29% more first-time investments, than exits

New positions opened: 103 | Existing positions closed: 80

10% more repeat investments, than reductions

Existing positions increased: 197 | Existing positions reduced: 179

3.63% more ownership

Funds ownership: 96.01% [Q1] → 99.64% (+3.63%) [Q2]

3% more funds holding

Funds holding: 541 [Q1] → 559 (+18) [Q2]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $100
• Avg. target: $125
• High target: $140

11 analyst ratings

• positive: 6 55%
• neutral: 4 36%
• negative: 1 9%

JP Morgan Samik Chatterjee	$140	Overweight Maintained	5 Sep 2025
UBS David Vogt	$120	Neutral Maintained	5 Sep 2025
Barclays Tim Long	$138	Overweight Maintained	5 Sep 2025
Argus Research Jim Kelleher	$135	Buy Maintained	5 Sep 2025
Morgan Stanley Meta Marshall	$100	Underweight Maintained	5 Sep 2025