<div id="readability-page-1"><p>Orange Investment Advisors Inc. trimmed its stake in  Ciena Corporation (NYSE:CIEN - Free Report) by 9.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor  owned 80,616 shares of the communications equipment provider's stock after selling 7,962 shares during the period. Ciena accounts for approximately  1.2% of Orange Investment Advisors Inc.'s holdings, making the stock its 19th largest position. Orange Investment Advisors Inc. owned about 0.06% of Ciena worth $11,743,000 as of its most recent SEC filing.</p><ul><li>Ciena Rebounds: AI and Strong Guidance Drive Post-Earnings Surge</li></ul><p>A number of other institutional investors also recently bought and sold shares of the stock. Bayforest Capital Ltd grew its holdings in  Ciena by 34.7% during the first quarter. Bayforest Capital Ltd now owns 636 shares of the communications equipment provider's stock valued at $38,000 after purchasing an additional 164 shares during the period.  Allworth Financial LP lifted its position in shares of  Ciena by 107.5% during the 2nd quarter. Allworth Financial LP now owns 718 shares of the communications equipment provider's stock valued at $58,000 after buying an additional 372 shares in the last quarter.  Parkside Financial Bank &amp; Trust increased its holdings in  Ciena by 82.5% in the 2nd quarter. Parkside Financial Bank &amp; Trust now owns 1,203 shares of the communications equipment provider's stock worth $98,000 after acquiring an additional 544 shares in the last quarter.  MAI Capital Management increased its holdings in  Ciena by 21.5% in the 2nd quarter. MAI Capital Management now owns 1,455 shares of the communications equipment provider's stock worth $118,000 after acquiring an additional 257 shares in the last quarter.  Finally, Kaufman Rossin Wealth LLC bought a new stake in  Ciena during the 3rd quarter worth approximately $224,000. 91.99% of the stock is owned by institutional investors. </p><h2>Ciena Stock Up 0.7%</h2><p>NYSE CIEN opened at $241.89 on Friday. The stock has a 50 day moving average price of $201.29 and a 200-day moving average price of $138.75. Ciena Corporation has a one year low of $49.21 and a one year high of $248.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.09 and a current ratio of 2.73. The company has a market capitalization of $34.07 billion, a P/E ratio of 284.58, a P/E/G ratio of 1.40 and a beta of 1.17. </p><ul><li>Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains</li></ul><p>Ciena (NYSE:CIEN - Get Free Report) last announced its quarterly earnings results on Thursday, December 11th. The communications equipment provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.15. Ciena had a net margin of 2.59% and a return on equity of 8.38%. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. Ciena's quarterly revenue was up 20.1% on a year-over-year basis.  As a group, equities analysts predict that  Ciena Corporation will post 1.6 EPS for the current fiscal year. </p><h2>Analysts Set New Price Targets</h2><p>CIEN has been the subject of a number of recent analyst reports. Northland Securities  set a $190.00 price target on shares of Ciena and gave the stock a &#34;market perform&#34; rating in a research report on Friday, December 12th. BNP Paribas Exane raised shares of Ciena from a &#34;neutral&#34; rating to an &#34;outperform&#34; rating and set a $185.00 target price for the company in a report on Monday, October 13th. Needham &amp; Company LLC increased their target price on Ciena to $280.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, December 11th. Morgan Stanley  set a $213.00 price objective on shares of Ciena in a report on Wednesday, December 17th. Finally, Northland Capmk downgraded shares of Ciena from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued  a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, Ciena presently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $237.50.</p><ul><li>2 Stocks Riding the Recovery in Cloud Computing Driven by AI</li></ul><p><b>Get Our Latest Research Report on CIEN</b></p><h2>Insider Buying and Selling at Ciena</h2><p>In other news, SVP Brodie Gage sold 550 shares of the firm's stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $220.84, for a total value of $121,462.00. Following the completion of the sale, the senior vice president directly owned 39,992 shares of the company's stock, valued at $8,831,833.28. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this link. Also, CEO Gary B. Smith sold 6,800 shares of Ciena stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $192.61, for a total value of $1,309,748.00. Following the completion of the transaction, the chief executive officer owned 254,870 shares of the company's stock, valued at approximately $49,090,510.70. This trade represents a 2.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,549 shares of company stock valued at $8,614,156 over the last quarter. 0.93% of the stock is owned by corporate insiders. </p><h2>Ciena Profile</h2> (Free Report)<p>Ciena Corporation <span>NYSE: CIEN<span></span></span> 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.  </p><p>In addition to hardware offerings, Ciena provides professional services and support, including network design, implementation and ongoing maintenance.</p><h2>Read More</h2><ul><li>Five stocks we like better than Ciena</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>Do you know what Amazon is planning for January 1?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><strong>Want to see what other hedge funds are holding CIEN?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ciena Corporation (NYSE:CIEN - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNJRU4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNJRU4"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Ciena Right Now?</h2><p>Before you consider Ciena, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ciena wasn't on the list.</p><p>While Ciena currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CIEN

<p>Orange Investment Advisors Inc. reduced its stake in Ciena Corporation by 9% in Q3, selling 7,962 shares. Ciena's stock is up 0.7%, with a market cap of $34.07 billion. Analysts predict a 1.6 EPS for the fiscal year, with a consensus target price of $237.50. Institutional investors own 91.99% of Ciena's stock.</p>

Orange Investment Advisors Inc. Sells 7,962 Shares of Ciena Corporation $CIEN