<div id="readability-page-1"><p>Ciena Corporation (NYSE:CIEN - Get Free Report) has earned an average rating of &#34;Moderate Buy&#34; from the twenty brokerages that are presently  covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one  has issued  a strong buy recommendation on  the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $398.8333.</p><ul><li>Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum</li></ul><p>CIEN has been the subject of a number of research reports. TD Cowen boosted their price target on Ciena from $425.00 to $675.00 and gave the company a &#34;buy&#34; rating in a report on Friday. B. Riley Financial upped their target price on Ciena from $222.00 to $283.00 and gave the stock a &#34;neutral&#34; rating in a report on Friday, March 6th. JPMorgan Chase &amp; Co. upped their price target on Ciena from $380.00 to $550.00 and gave the stock an &#34;overweight&#34; rating in a research report on Thursday, April 16th. Evercore  set a $330.00 price target on Ciena in a research report on Thursday, February 19th. Finally, Bank of America upped their target price on Ciena from $355.00 to $550.00 and gave the company a &#34;buy&#34; rating in a research report on Thursday, April 16th.</p><p><b>Check Out Our Latest Stock Analysis on CIEN</b></p><h2>Ciena Stock Up 3.2%</h2><ul><li>Light Speed Returns: Corning Cashes In on NVIDIA Growth</li></ul><p>Shares of NYSE CIEN opened at $541.52 on Wednesday. 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 firm has a market capitalization of $76.57 billion, a price-to-earnings ratio of 344.92, a PEG ratio of 1.72 and a beta of 1.24. The stock has a 50 day moving average price of $463.70 and a 200 day moving average price of $320.95. Ciena has a 52-week low of $70.77 and a 52-week high of $598.84. </p><p>Ciena (NYSE:CIEN - Get Free Report) last announced its quarterly earnings results on Thursday, March 5th. The communications equipment provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.18. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Ciena had a return on equity of 12.09% and a net margin of 4.47%.Ciena's quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 earnings per share.  Sell-side analysts expect that  Ciena will post 5.12 earnings per share for the current year. </p><h2>Insider Activity at Ciena</h2><ul><li>The Nasdaq's Historic Rally Doesn't Mean the Risk Is Gone</li></ul><p>In related news, SVP Brodie Gage sold 5,000 shares of the company's stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $405.00, for a total value of $2,025,000.00. Following the transaction, the senior vice president directly owned 46,341 shares of the company's stock, valued at $18,768,105. This represents a 9.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available at this hyperlink. Also, CEO Gary B. Smith sold 2,952 shares of the company's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $415.51, for a total value of $1,226,585.52. Following the completion of the transaction, the chief executive officer directly owned 281,365 shares in the company, valued at approximately $116,909,971.15. The trade was a 1.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 44,174 shares of company stock valued at $18,878,661 in the last ninety days. Company insiders own  0.58% of the company's stock. </p><h2>Institutional Investors Weigh In On Ciena</h2><p>Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC grew its position in  Ciena by 635.7% during the 1st quarter. Bogart Wealth LLC now owns 103 shares of the communications equipment provider's stock worth $40,000 after purchasing an additional 89 shares during the period.  Transamerica Financial Advisors LLC grew its position in  Ciena by 71.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 106 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 44 shares during the period.  Western Wealth Management LLC acquired a new stake in  Ciena during the 1st quarter worth about $49,000.  Whittier Trust Co. of Nevada Inc. grew its position in  Ciena by 85.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 141 shares of the communications equipment provider's stock worth $55,000 after purchasing an additional 65 shares during the period.  Finally, Hilltop National Bank acquired a new stake in  Ciena during the 4th quarter worth about $35,000. 91.99% of the stock is owned by institutional investors and hedge funds. </p><h2>About Ciena</h2> (Get 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>See Also</h2><ul><li>Five stocks we like better than Ciena</li><li>HIVE Weaponizes Power for an AI Pivot</li><li>A Deep Dive Into NVIDIA’s Latest Portfolio Moves</li><li>Brady Corp Wires Up a Massive AI-Powered Breakout</li><li>Why Home Depot’s Sell-Off Could Become a Huge Opportunity</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNJRU4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.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>Ciena Corporation (NYSE:CIEN) has received a consensus rating of 'Moderate Buy' from 20 brokerages. Analysts' recommendations include six holds, thirteen buys, and one strong buy. The average 12-month price target is $398.83, with recent targets ranging from $222 to $675. Ciena's stock opened at $541.52, with a market cap of $76.57 billion and a P/E ratio of 344.92. The company reported $1.35 EPS, exceeding estimates, and a 33.1% year-over-year revenue increase.</p>

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Ciena

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NVIDIA Corporation

B Riley Financial Pref Share RILYL 7.375 Perp 09/04/25 B

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B Riley Financial Pref Share RILYP 6.875 Perp 10/07/24

B Riley Financial Pref Share RILYZ 5.25 08/31/28

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Ciena Corporation (NYSE:CIEN) Given Consensus Rating of "Moderate Buy" by Brokerages