Lanark Financial 13F: Adds $3M to Ciena (CIEN) Stake
Key Points
- Lanark Financial increased its holdings in Ciena Corporation by 8,404 shares, now totaling 8,425 shares worth about $2.96 million.
- Ciena's stock closed at $335.93 on October 26, 2026, and recently traded at $336.09, which is about equal to the closing price.
- The company reported revenue of $6.02 billion over the last twelve months with a net margin of 10.9%.
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On October 26, 2026, Lanark Financial boosted its stake in Ciena Corporation (CIEN) by 8,404 shares, increasing its total holdings to 8,425 shares valued at approximately $2.96 million. This information comes from the fund's latest Form 13F filing with the SEC.
Lanark's increase in shares reflects a 40019.05% change in its position, as it previously held only 21 shares. This position now represents 1.08% of Lanark Financial's total reported value of approximately $273.29 million, ranking it 22nd among the fund's holdings.
CIEN
Ciena Corporation
Other Institutional Activity in Ciena Corporation
J. Safra Sarasin Holding also made a notable move on the same day, boosting its stake in Ciena by 48,031 shares, bringing its total to 74,722 shares worth about $26.3 million. Meanwhile, Gf Fund Management sold out of its entire stake of 23,000 shares in Ciena, valued at approximately $7.4 million.
Ciena Corporation Stock Up 4.9%
Ciena's stock closed at $335.93 on October 26, 2026, and has recently traded around $336.09. This price is about equal to its event-day close but is still below its 50-day moving average of $368.61 and its 200-day average of $402.80. The stock is also significantly below its 52-week high of $637.51.
Recent Earnings
Ciena reported revenue of $6.02 billion over the trailing twelve months, with a net margin of 10.9%. The next earnings report is scheduled for December 10, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
7 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 10.1%. Revenue beat estimates by 2.3%.
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Profit surprise
EBITDA missed by 27 percent. Operating income missed by 16 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
7 target raises.
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Earnings quality
Gross margin up 3.8 points. Operating margin up 12.1 points. Positive free cash flow.
Earnings Call Summary
Ciena delivered a strong quarter with $1.57 billion in revenue, up 40 percent year over year, and adjusted earnings of $1.64 per share. The company announced its first multirail Hyper-Rail system order from a leading hyperscaler and is seeing broad adoption across cloud and service provider customers. With a $7.7 billion backlog and expanding gross margins to 44.9 percent, management expects sustained growth through 2027 driven by AI infrastructure buildout.
Guidance Ciena raised its full year 2026 revenue guidance to $6.3 billion, up 32 percent year over year. For next quarter, they expect about $1.625 billion in revenue. The company plans to continue investing in supply chain capacity and R and D to support strong AI-driven demand from hyperscalers and service providers.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Ciena Corporation
Insiders have been active in selling shares recently. On October 15, 2026, CEO Gary Brian Smith sold 2,952 shares at an average price of $348.02, totaling about $1.03 million. Other insiders, including officers Dino Diperna and David M. Rothenstein, also sold shares around the same time.
Analysts Set New Price Targets
On September 17, 2026, Barclays maintained an Overweight rating with a price target of $548, while Rosenblatt also maintained a Buy rating with a target of $525. Evercore ISI upgraded its rating to Outperform with a target of $550 on September 21, 2026.
About Ciena Corporation
Ciena Corporation is a network technology firm that provides hardware, software, and services for various network operators globally. The company operates in segments such as Networking Platforms and Global Services, focusing on optical networking, routing, and switching products.
Bottom Line
Investors should watch for Ciena's next earnings report on December 10, 2026, as well as further institutional moves in the stock following these recent changes. Lanark Financial's increased stake indicates a growing interest in Ciena despite its recent stock performance.
Related Filing Alerts
Source: Lanark Financial's 13F filing on $CIEN (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts