<div id="readability-page-1"><p>Elyxium Wealth LLC acquired a new position in  Ciena Corporation (NYSE:CIEN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor  acquired 11,749,306 shares of the communications equipment provider's stock, valued at approximately $2,747,810,000. Ciena makes up   40.7% of Elyxium Wealth LLC's investment portfolio, making the stock its 2nd largest position. Elyxium Wealth LLC owned 8.34% of Ciena at the end of the most recent reporting period.</p><ul><li>Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum</li></ul><p>Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. MassMutual Private Wealth &amp; Trust FSB increased its stake in shares of  Ciena by 9.7% in the 4th quarter. MassMutual Private Wealth &amp; Trust FSB now owns 710 shares of the communications equipment provider's stock worth $166,000 after purchasing an additional 63 shares in the last quarter.  Assetmark Inc. increased its stake 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 purchasing an additional 67 shares in the last quarter.  Legacy Financial Advisors Inc. increased its stake in shares of  Ciena by 5.4% in the 4th 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 in the last quarter.  Coldstream Capital Management Inc. increased its stake in shares of  Ciena by 1.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,772 shares of the communications equipment provider's stock worth $695,000 after purchasing an additional 79 shares in the last quarter.  Finally, Wealthfront Advisers LLC increased its stake in shares of  Ciena by 3.2% in the 4th quarter. Wealthfront Advisers LLC now owns 2,612 shares of the communications equipment provider's stock worth $611,000 after purchasing an additional 82 shares in the last quarter. 91.99% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Ciena Trading Down 0.0%</h2><p>Shares of CIEN stock opened at $554.26 on Monday. Ciena Corporation has a 52-week low of $70.77 and a 52-week high of $598.84. 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 $78.37 billion, a PE ratio of 353.04, a PEG ratio of 1.81 and a beta of 1.24. The stock has a fifty day simple moving average of $454.25 and a two-hundred day simple moving average of $316.08. </p><ul><li>Light Speed Returns: Corning Cashes In on NVIDIA Growth</li></ul><p>Ciena (NYSE:CIEN - Get Free Report) last issued its quarterly earnings results on Thursday, March 5th. The communications equipment provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.18. The business 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 revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 EPS.  On average, analysts predict that  Ciena Corporation will post 5.12 EPS for the current fiscal year. </p><h2>Insider Activity at Ciena</h2><p>In related news, SVP Jason Phipps sold 22,014 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $409.80, for a total value of $9,021,337.20. Following the completion of the transaction, the senior vice president owned 68 shares of the company's stock, valued at approximately $27,866.40. This trade represents a 99.69% decrease in their position. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brodie Gage sold 5,000 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $405.00, for a total transaction of $2,025,000.00. Following the completion of the transaction, the senior vice president directly owned 46,341 shares of the company's stock, valued at approximately $18,768,105. The trade was a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 42,974 shares of company stock valued at $17,418,863. Insiders own  0.58% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><ul><li>The Nasdaq's Historic Rally Doesn't Mean the Risk Is Gone</li></ul><p>Several research firms have recently commented on CIEN. Citigroup upped their price objective on Ciena from $280.00 to $345.00 and gave the stock a &#34;buy&#34; rating in a research note on Friday, March 6th. Zacks Research upgraded Ciena from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Friday, March 13th. B. Riley Financial upped their price objective on Ciena from $222.00 to $283.00 and gave the stock a &#34;neutral&#34; rating in a research note on Friday, March 6th. TD Cowen upped their price objective on Ciena from $425.00 to $675.00 and gave the stock a &#34;buy&#34; rating in a research note on Friday. Finally, UBS Group increased their price target on Ciena from $230.00 to $285.00 and gave the stock a &#34;neutral&#34; rating in a research note on Friday, March 6th. One analyst  has rated the stock with a Strong Buy rating, thirteen have assigned  a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock  has an average rating of &#34;Moderate Buy&#34; and an average price target of $381.44.</p><p><b>View Our Latest Stock Report on Ciena</b></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>Robinhood, SoFi, and Webull Are Telling Very Different Stories</li><li>As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In</li><li>Target the Red-Hot Spin-Off and Merger Space With These ETFs</li><li>Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes</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>Elyxium Wealth LLC has invested approximately $2.75 billion in Ciena Corporation, acquiring 11,749,306 shares, making it the second largest position in their portfolio. Ciena's stock represents 40.7% of Elyxium's investments. The company reported a 33.1% revenue increase year-over-year, with earnings per share of $1.35, surpassing estimates. Ciena's market cap is $78.37 billion, with a PE ratio of 353.04.</p>

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Ciena

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Elyxium Wealth LLC Invests $2.75 Billion in Ciena Corporation $CIEN