In the third quarter, IMS Investment Management Services Ltd. increased its stake in Ciena by 9.5%, acquiring an additional 2,294 shares to hold 26,526 shares valued at approximately $3.86 million. Earlier in the year, Atreides Management LP initiated a new position worth $102.7 million. Balyasny Asset Management L.P. boosted its holdings by 3,577.9% to 1,032,393 shares (approximately $83.97 million), while Vaughan Nelson Investment Management L.P. raised its position by 375.4% to 1,235,696 shares (around $100.50 million). Rokos Capital Management LLP lifted its stake by 546.9% to 997,425 shares (roughly $81.11 million) and Woodline Partners LP established a first-quarter position worth $49.22 million. Overall, institutional investors now control 91.99% of Ciena’s stock.

Over the past three months, Ciena insiders have sold a combined 52,349 shares for total proceeds of $10.20 million. CEO Gary B. Smith sold 6,800 shares, reducing his holding by 1.71% to 391,437 shares. Senior Vice President Jason Phipps sold 1,984 shares, a 2.41% reduction in his stake, leaving him with 80,244 shares. These transactions were disclosed in SEC filings and reflect a modest decrease in insider ownership.

In its latest quarterly report, Ciena delivered revenue of $1.35 billion, a 20.1% increase year-over-year, and reported earnings per share of $0.91, surpassing consensus estimates by $0.15. Return on equity reached 8.38%, while net margin stood at 2.59%. The company’s debt-to-equity ratio is 0.56, with a current ratio of 2.73 and a quick ratio of 2.09. Analysts collectively forecast full-year EPS of 1.6 and continue to highlight Ciena’s strong momentum in high-capacity optical transport systems and packet-optical platforms for service providers and cloud operators.