--- title: "Castle Rock Wealth Management LLC Invests $1.32 Million in Ciena Corporation $CIEN" type: "News" locale: "en" url: "https://longbridge.com/en/news/286380889.md" description: "Castle Rock Wealth Management LLC has invested $1.32 million in Ciena Corporation (NYSE:CIEN) by acquiring 5,636 shares in the 4th quarter. Other institutional investors have also adjusted their stakes in Ciena. Analysts have given Ciena a consensus rating of \"Moderate Buy\" with a target price of $367.56. Ciena's stock opened at $578.44, with a one-year high of $598.84 and a low of $70.77. The company reported a quarterly EPS of $1.35, exceeding estimates, and a revenue of $1.43 billion, up 33.1% year-over-year." datetime: "2026-05-14T08:07:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286380889.md) - [en](https://longbridge.com/en/news/286380889.md) - [zh-HK](https://longbridge.com/zh-HK/news/286380889.md) --- # Castle Rock Wealth Management LLC Invests $1.32 Million in Ciena Corporation $CIEN Castle Rock Wealth Management LLC bought a new stake in shares of Ciena Corporation (NYSE:CIEN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,636 shares of the communications equipment provider's stock, valued at approximately $1,318,000. - Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum Several other hedge funds have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB lifted its position in shares of Ciena by 9.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the communications equipment provider's stock valued at $166,000 after acquiring an additional 63 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Ciena by 50.4% in the 3rd quarter. Assetmark Inc. now owns 200 shares of the communications equipment provider's stock worth $29,000 after acquiring an additional 67 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Ciena by 11.1% during the third quarter. Global Retirement Partners LLC now owns 698 shares of the communications equipment provider's stock worth $102,000 after purchasing an additional 70 shares during the period. Legacy Financial Advisors Inc. raised its position in shares of Ciena by 5.4% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,549 shares of the communications equipment provider's stock worth $362,000 after purchasing an additional 79 shares during the period. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of Ciena by 1.7% during the third quarter. Coldstream Capital Management Inc. now owns 4,772 shares of the communications equipment provider's stock valued at $695,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 91.99% of the company's stock. ## Analyst Ratings Changes A number of equities analysts recently weighed in on CIEN shares. TD Cowen started coverage on Ciena in a research note on Thursday, March 12th. They issued a "buy" rating and a $425.00 price target on the stock. Evercore set a $330.00 price target on Ciena in a research note on Thursday, February 19th. Morgan Stanley lifted their price target on Ciena from $286.00 to $405.00 and gave the stock an "equal weight" rating in a research note on Monday, April 20th. Raymond James Financial reissued an "outperform" rating and issued a $320.00 price target on shares of Ciena in a research note on Thursday, March 5th. Finally, Bank of America lifted their price target on Ciena from $355.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $367.56. - Light Speed Returns: Corning Cashes In on NVIDIA Growth **View Our Latest Stock Report on Ciena** ## Ciena Trading Up 0.2% Shares of NYSE CIEN opened at $578.44 on Thursday. Ciena Corporation has a one year low of $70.77 and a one year high of $598.84. The firm has a market capitalization of $81.79 billion, a PE ratio of 368.44, a PEG ratio of 1.89 and a beta of 1.24. The company has a current ratio of 2.81, a quick ratio of 2.14 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $444.88 and a two-hundred day moving average price of $310.56. - The Nasdaq's Historic Rally Doesn't Mean the Risk Is Gone Ciena (NYSE:CIEN - Get Free Report) last announced 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 analyst estimates of $1.40 billion. During the same period last year, the company posted $0.64 EPS. The business's quarterly revenue was up 33.1% compared to the same quarter last year. As a group, analysts predict that Ciena Corporation will post 5.12 earnings per share for the current fiscal year. ## Insiders Place Their Bets In other Ciena news, SVP Brodie Gage sold 1,200 shares of the firm's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $471.79, for a total transaction of $566,148.00. Following the completion of the sale, the senior vice president directly owned 45,141 shares in the company, valued at approximately $21,297,072.39. This trade represents a 2.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary B. Smith sold 2,952 shares of the firm's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $537.74, for a total value of $1,587,408.48. Following the sale, the chief executive officer owned 275,461 shares of the company's stock, valued at $148,126,398.14. The trade was a 1.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 42,974 shares of company stock worth $17,418,863. 0.58% of the stock is currently owned by company insiders. ## Ciena Profile (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. ## Read More - Five stocks we like better than Ciena - D-Wave Earnings Looked Weak, But Investors May Be Missing This - Nebius Upside Expands as AI Feedback Loop Intensifies - Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell - Plug Power Flips The Switch On Profitability **Want to see what other hedge funds are holding CIEN?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ciena Corporation (NYSE:CIEN - Free Report). _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._ ## Should You Invest $1,000 in Ciena Right Now? Before you consider Ciena, you'll want to hear this. 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. While Ciena currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [CIEN.US](https://longbridge.com/en/quote/CIEN.US.md) - [XLC.US](https://longbridge.com/en/quote/XLC.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [RJF.US](https://longbridge.com/en/quote/RJF.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [GLW.US](https://longbridge.com/en/quote/GLW.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [RJF-B.US](https://longbridge.com/en/quote/RJF-B.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) ## Related News & Research - [Elyxium Wealth LLC Invests $2.75 Billion in Ciena Corporation $CIEN](https://longbridge.com/en/news/286734509.md) - [iA Global Asset Management Inc. Takes $7.16 Million Position in Ciena Corporation $CIEN](https://longbridge.com/en/news/286746989.md) - [Ciena SVP, Chief Strategy Officer David Rothenstein sells $1.41 million common shares](https://longbridge.com/en/news/286973157.md) - [Ciena CEO Gary B. Smith disposes of common shares worth $1.66 million](https://longbridge.com/en/news/286973569.md) - [Ciena SVP Gage Brodie sells 1,200 shares worth $684,780 common stock](https://longbridge.com/en/news/286971902.md)