News Summary
PositiveCiena delivered exceptional Q3 FY2026 results with 37% revenue growth to $1.67B (beating estimates) and 215% EPS growth to $2.11, driven by strong AI-driven demand for optical networking products. The company raised full-year FY2026 guidance to $6.42B (35% growth) and provided bullish FY2027 guidance of at least 30% growth, with backlog expected to exceed $10B by year-end, prompting multiple analyst price target increases.
Funds Reducing / Exiting (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Point72 | Steve Cohen | 211K | -334,157 | $103M | 0.4% | -61% | Existing |
| Whale Rock Capital | Alex Sacerdote | 0 | −231K | — | 1.2% | -100% | EXITED |
| Lone Pine Capital | Steve Mandel | 0 | −810K | — | 2.5% | -100% | EXITED |
Shares Held reflects quarter-end positions for partial reductions. Funds that fully exited show 0 shares held. ∆ Shares is the change from the prior quarter. % of Fund is the prior-quarter position size — how much of the book was sold down.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| Graff Marc D. | EVP & Chief Financial Officer | SELL | 97 | $355.19 | $0.03M | 2026-10-01 | ↗ |
| Phipps Jason | EVP & Chief Customer Officer | SELL | 3K | $355.19 | $0.93M | 2026-10-01 | ↗ |
| Kosaraju Sheela | EVP & Chief Legal Officer | SELL | 2K | $355.19 | $0.75M | 2026-10-01 | ↗ |
| Cumello Joseph | EVP & General Mgr. | SELL | 2K | $358.52 | $0.57M | 2026-09-25 | ↗ |
| Claflin Bruce L. | — | SELL | 3K | $355.91 | $1.02M | 2026-09-24 | ↗ |
| NEVENS THOMAS MICHAEL | — | SELL | 4K | $359.04 | $1.34M | 2026-09-23 | ↗ |
| DiPerna Dino | EVP & Chief R&D Officer | SELL | 249 | $350.00 | $0.09M | 2026-09-16 | ↗ |
| Rothenstein David M | EVP & Chief Strategy Officer | SELL | 3K | $330.48 | $0.83M | 2026-09-15 | ↗ |
| SMITH GARY B | President & CEO | SELL | 3K | $330.18 | $0.97M | 2026-09-15 | ↗ |
| Gage Brodie | EVP & Chief Product & | SELL | 1K | $324.86 | $0.39M | 2026-09-15 | ↗ |
| DiPerna Dino | EVP & Chief R&D Officer | SELL | 249 | $324.86 | $0.08M | 2026-09-15 | ↗ |
| SMITH GARY B | President, CEO | SELL | 3K | $362.90 | $1.07M | 2026-09-01 | ↗ |
| SMITH GARY B | President, CEO | SELL | 3K | $447.78 | $1.32M | 2026-08-17 | ↗ |
| Gage Brodie | SVP Global Products & Supply | SELL | 1K | $439.24 | $0.53M | 2026-08-17 | ↗ |
| Rothenstein David M | SVP and Chief Strategy Officer | SELL | 3K | $438.10 | $1.10M | 2026-08-14 | ↗ |
| Graff Marc D. | SVP & Chief Financial Officer | SELL | 5K | $430.72 | $2.15M | 2026-08-14 | ↗ |
| SMITH GARY B | President, CEO | SELL | 3K | $379.81 | $1.12M | 2026-08-03 | ↗ |
| SMITH GARY B | President, CEO | SELL | 3K | $421.10 | $1.24M | 2026-07-15 | ↗ |
| Rothenstein David M | SVP and Chief Strategy Officer | SELL | 3K | $420.91 | $1.05M | 2026-07-15 | ↗ |
| Gage Brodie | SVP Global Products & Supply | SELL | 1K | $449.15 | $0.54M | 2026-07-15 | ↗ |
| DiPerna Dino | SVP Global R&D | SELL | 391 | $449.15 | $0.18M | 2026-07-15 | ↗ |
| DiPerna Dino | SVP Global R&D | SELL | 391 | $449.15 | $0.18M | 2026-07-15 | ↗ |
| Kosaraju Sheela | SVP and General Counsel | SELL | 2K | $466.20 | $0.94M | 2026-07-01 | ↗ |
| Graff Marc D. | SVP & Chief Financial Officer | SELL | 126 | $466.20 | $0.06M | 2026-07-01 | ↗ |
| Phipps Jason | SVP Global Sales and Marketing | SELL | 3K | $466.20 | $1.23M | 2026-07-01 | ↗ |
| SMITH GARY B | President, CEO | SELL | 3K | $468.83 | $1.38M | 2026-07-01 | ↗ |
| Cumello Joseph | SVP, General Mgr. Blue Planet | SELL | 2K | $466.33 | $0.74M | 2026-06-26 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| JPMORGAN CHASE & CO. | SC 13G/A | 5.6M | 3.9% | 2026-09-03 | ↗ |
| FMR LLC | SC 13G/A | 19.1M | 13.5% | 2026-08-06 | ↗ |
| Vanguard Capital Management | SC 13G | 10.6M | 7.5% | 2026-04-29 | ↗ |
| Vanguard Portfolio Management | SC 13G | 7.4M | 5.2% | 2026-04-29 | ↗ |
| BlackRock, Inc. | SC 13G/A | 11.3M | 8.0% | 2026-04-24 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.
Congressional Trading
| Member | Chamber | State | Type | Amount Range | Transaction Date | Filed | Src |
|---|---|---|---|---|---|---|---|
| Alan Armstrong | senate | — | BUY | $1,001 - $15,000 | 2026-03-30 | 2026-07-21 | ↗ |
| Alan Armstrong | senate | — | BUY | $1,001 - $15,000 | 2026-03-27 | 2026-07-21 | ↗ |
Periodic Transaction Reports filed under the STOCK Act. Amounts are disclosed as ranges, not exact dollar figures.