SEC Form SC 13G/A filed by Ciena Corporation (Amendment)

2/9/23 9:59:38 AM ET

Telecommunications Equipment

Utilities

Get the next $CIEN alert in real time by email

SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.1 CIENA CORP COMMON STOCK Cusip #171779309 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #171779309 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 8,906,659 Item 6: 0 Item 7: 8,910,634 Item 8: 0 Item 9: 8,910,634 Item 11: 6.003% Item 12: HC Cusip #171779309 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 8,910,634 Item 8: 0 Item 9: 8,910,634 Item 11: 6.003% Item 12: IN Item 1(a). Name of Issuer: CIENA CORP Item 1(b). Address of Issuer's Principal Executive Offices: 7035 Ridge Road Hanover, MD 21067 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 171779309 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 8,910,634 (b) Percent of Class: 6.003% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 8,910,634 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of CIENA CORP. No one other person's interest in the COMMON STOCK of CIENA CORP is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing orinfluencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 9, 2023 Date /s/ Stephanie J. Brown Signature Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification Fidelity Diversifying Solutions LLC IA Fidelity Management & Research Company LLC IA Fidelity Management Trust Company BK Strategic Advisers LLC IA Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 9, 2023, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of CIENA CORP at December 30, 2022. FMR LLC By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January, 26, 2023, by and on behalf of Abigail P. Johnson** * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

Get the next $CIEN alert in real time by email

Recent Analyst Ratings for

$CIEN

Date	Price Target	Rating	Analyst
5/1/2026	$416.00	Neutral	Rothschild & Co Redburn
3/12/2026	$425.00	Buy	TD Cowen
3/6/2026	$355.00	Neutral → Buy	BofA Securities
1/20/2026		Buy → Neutral	BofA Securities
12/12/2025	$190.00	Outperform → Market Perform	Northland Capital
10/13/2025	$185.00	Neutral → Outperform	BNP Paribas Exane
10/10/2025	$140.00	Underweight → Equal-Weight	Morgan Stanley
9/26/2025	$175.00	Neutral → Buy	Rosenblatt

More analyst ratings

SEC Form SC 13G/A filed by Ciena Corporation (Amendment)

2/9/23 9:59:38 AM ET

$CIEN

Telecommunications Equipment

Utilities

Get the next $CIEN alert in real time by email

Recent Analyst Ratings for

$CIEN

Date	Price Target	Rating	Analyst
5/1/2026	$416.00	Neutral	Rothschild & Co Redburn
3/12/2026	$425.00	Buy	TD Cowen
3/6/2026	$355.00	Neutral → Buy	BofA Securities
1/20/2026		Buy → Neutral	BofA Securities
12/12/2025	$190.00	Outperform → Market Perform	Northland Capital
10/13/2025	$185.00	Neutral → Outperform	BNP Paribas Exane
10/10/2025	$140.00	Underweight → Equal-Weight	Morgan Stanley
9/26/2025	$175.00	Neutral → Buy	Rosenblatt

More analyst ratings

SEC Form SC 13G/A filed by Ciena Corporation (Amendment)

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$CIEN

SEC Form SC 13G/A filed by Ciena Corporation (Amendment)

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$CIEN

$CIEN
Press Releases

Biznet Enhances Digital Infrastructure and Connectivity with Ciena

CORRECTING and REPLACING Cirion Launches Initial Phase of On-Demand NaaS Connectivity in Latin America with Ciena and Carma

Cirion Launches Initial Phase of On-Demand NaaS Connectivity in Latin America with Ciena and Carma

$CIEN
Insider Trading

President, CEO Smith Gary B sold $1,670,597 worth of shares (2,952 units at $565.92) as part of a pre-agreed trading plan, decreasing direct ownership by 1% to 269,557 units (SEC Form 4)

President, CEO Smith Gary B sold $1,659,175 worth of shares (2,952 units at $562.05) as part of a pre-agreed trading plan, decreasing direct ownership by 1% to 272,509 units (SEC Form 4)

SVP and Chief Strategy Officer Rothenstein David M sold $1,405,969 worth of shares (2,500 units at $562.39) as part of a pre-agreed trading plan, decreasing direct ownership by 1% to 190,081 units (SEC Form 4)

$CIEN
Analyst Ratings

Rothschild & Co Redburn initiated coverage on Ciena with a new price target

TD Cowen initiated coverage on Ciena with a new price target

Ciena upgraded by BofA Securities with a new price target

$CIEN
SEC Filings

SEC Form SD filed by Ciena Corporation

Ciena Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

Amendment: SEC Form SCHEDULE 13G/A filed by Ciena Corporation

$CIEN
Financials

Ciena Announces Reporting Date and Web Broadcast for Fiscal Second Quarter 2026 Results

Ciena Announces Reporting Date and Web Broadcast for Fiscal First Quarter 2026 Results

Ciena Announces Reporting Date and Web Broadcast for Fiscal Fourth Quarter and Year End 2025 Results

$CIEN
Leadership Updates

Ciena Set to Join S&P 500; Arrowhead Pharmaceuticals to Join S&P MidCap 400; ADT and OneSpaWorld Holdings to Join S&P SmallCap 600

Data I/O Announces Strengthening of Board of Directors

Ciena to Acquire Nubis Communications to Expand its Inside the Data Center Strategy and Further Address Growing AI Workloads

$CIEN
Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by Ciena Corporation