<div id="readability-page-1"><p>Calamos Advisors LLC raised its holdings in shares of  Ciena Corporation (NYSE:CIEN - Free Report) by 191.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,059 shares of the communications equipment provider's stock after purchasing an additional 42,104 shares during the period. Calamos Advisors LLC's holdings in Ciena were worth $9,331,000 at the end of the most recent reporting period.</p><ul><li>Ciena Rebounds: AI and Strong Guidance Drive Post-Earnings Surge</li></ul><p>Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP raised its holdings in shares of  Ciena by 65.6% during the first quarter. Quarry LP now owns 1,593 shares of the communications equipment provider's stock valued at $96,000 after acquiring an additional 631 shares in the last quarter.  Alyeska Investment Group L.P. lifted its position in shares of  Ciena by 30.6% in the 1st quarter. Alyeska Investment Group L.P. now owns 596,830 shares of the communications equipment provider's stock worth $36,066,000 after purchasing an additional 139,926 shares during the period.  Amundi boosted its stake in shares of  Ciena by 322.8% during the 1st quarter. Amundi now owns 34,035 shares of the communications equipment provider's stock valued at $1,912,000 after purchasing an additional 25,986 shares in the last quarter.  Advisors Asset Management Inc. increased its position in shares of  Ciena by 44.4% during the first quarter. Advisors Asset Management Inc. now owns 5,109 shares of the communications equipment provider's stock valued at $309,000 after buying an additional 1,572 shares during the period.  Finally, Cinctive Capital Management LP bought a new position in  Ciena in the first quarter worth about $1,709,000. Hedge funds and other institutional investors own  91.99% of the company's stock. </p><h2>Ciena Stock Performance</h2><p>Shares of CIEN stock opened at $233.37 on Thursday. The company has a market capitalization of $32.87 billion, a price-to-earnings ratio of 274.56, a price-to-earnings-growth ratio of 1.36 and a beta of 1.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.09 and a current ratio of 2.73. Ciena Corporation has a one year low of $49.21 and a one year high of $248.00. The company's 50-day moving average is $205.36 and its 200 day moving average is $142.65. </p><ul><li>Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains</li></ul><p>Ciena (NYSE:CIEN - Get Free Report) last issued its earnings results on Thursday, December 11th. The communications equipment provider reported $0.91 earnings per share (EPS) 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 business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the company earned $0.54 earnings per share. The business's revenue for the quarter was up 20.1% compared to the same quarter last year.  Sell-side analysts expect that  Ciena Corporation will post 1.6 EPS for the current fiscal year. </p><h2>Analysts Set New Price Targets</h2><p>Several research firms have weighed in on CIEN. Northland Securities  set a $190.00 price objective on Ciena and gave the company a &#34;market perform&#34; rating in a research report on Friday, December 12th. Evercore ISI  set a $240.00 price target on Ciena in a research report on Thursday, December 11th. Morgan Stanley  set a $213.00 price objective on Ciena in a report on Wednesday, December 17th. Rosenblatt Securities raised their price objective on Ciena from $175.00 to $305.00 and gave the company a &#34;buy&#34; rating in a research report on Friday, December 12th. Finally, Zacks Research raised shares of Ciena from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research report on Tuesday, December 23rd. Two research 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. According to MarketBeat.com, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $237.50.</p><ul><li>2 Stocks Riding the Recovery in Cloud Computing Driven by AI</li></ul><p><b>Read Our Latest Stock Report on Ciena</b></p><h2>Insider Activity at Ciena</h2><p>In other news, CEO Gary B. Smith sold 6,800 shares of the company's stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $192.61, for a total transaction of $1,309,748.00. Following the transaction, the chief executive officer directly owned 254,870 shares of the company's stock, valued at $49,090,510.70. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas Michael Nevens sold 8,554 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $224.66, for a total value of $1,921,741.64. Following the sale, the director directly owned 9,422 shares in the company, valued at $2,116,746.52. This trade represents a 47.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 43,565 shares of company stock valued at $8,897,954. 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>Featured Articles</h2><ul><li>Five stocks we like better than Ciena</li><li>The Best $1 You'll Spend This Holiday Season</li><li>Holiday surprise: $1 gets you everything</li><li>America’s “most deplorable” Christmas sale</li><li>Market Panic: Trump Just Dropped a Bomb on Your Stocks</li><li>Your family's wealth expires in 2026?</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>Calamos Advisors LLC increased its stake in Ciena Corporation (NYSE:CIEN) by 191.8% in Q3, acquiring an additional 42,104 shares, bringing its total to 64,059 shares valued at $9.33 million. Other institutional investors also raised their holdings. Ciena's stock opened at $233.37, with a market cap of $32.87 billion and a P/E ratio of 274.56. The company reported Q4 earnings of $0.91 per share, exceeding estimates, with revenue of $1.35 billion, up 20.1% year-over-year. Analysts have set price targets ranging from $190 to $305, with an average target of $237.50.</p>

Calamos Advisors LLC Acquires 42,104 Shares of Ciena Corporation $CIEN