13FPulse
⚡ This company reported new earnings on 2026-09-03 (8-K release). The official 10-Q is pending — financials below may still reflect the prior quarter.
CI

CIEN CIENA CORP

2026Q2 · CUSIP 171779309 · Networking · Sector: Technology

Piling in

Net holder growth ranks near the top of the market

Funds that own it
1,196
Institutions that reported holding it to the SEC
Net increase in holders
+119
Last quarter 1,077 → now 1,196
How unusual is that
Top 5%
Stronger buying than 99% of US stocks
What the filings say, in one paragraph

1,196 funds held CIEN at the end of 2026Q2, up 119 from the quarter before. That is stronger buying than 98.6% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $5.6B(YoY +30.6%), the P/E is 118.1x, return on equity is 15.2%. CIEN has had 24 buying rushes in its history, and the price moved +18.4% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Technology sector, tagged Networking.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=240 2013Q4: holders=235 2014Q1: holders=268 2014Q2: holders=241 2014Q3: holders=234 2014Q4: holders=235 2015Q1: holders=257 2015Q2: holders=290 2015Q3: holders=299 2015Q4: holders=295 2016Q1: holders=272 2016Q2: holders=289 2016Q3: holders=281 2016Q4: holders=301 2017Q1: holders=296 2017Q2: holders=320 2017Q3: holders=286 2017Q4: holders=290 2018Q1: holders=308 2018Q2: holders=306 2018Q3: holders=343 2018Q4: holders=367 2019Q1: holders=417 2019Q2: holders=417 2019Q3: holders=416 2019Q4: holders=412 2020Q1: holders=417 2020Q2: holders=486 2020Q3: holders=472 2020Q4: holders=468 2021Q1: holders=457 2021Q2: holders=464 2021Q3: holders=455 2021Q4: holders=521 2022Q1: holders=498 2022Q2: holders=451 2022Q3: holders=422 2022Q4: holders=461 2023Q1: holders=486 2023Q2: holders=468 2023Q3: holders=466 2023Q4: holders=450 2024Q1: holders=468 2024Q2: holders=455 2024Q3: holders=462 2024Q4: holders=534 2025Q1: holders=545 2025Q2: holders=565 2025Q3: holders=687 2025Q4: holders=854 2026Q1: holders=1077 2026Q2: holders=1196 -223 -111.5 +0 +111.5 +223 2107331256 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 24 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 5%
2026Q1 Top 1% in the market
2025Q4 Top 5% +74.2%
2025Q3 Top 1% in the market +66.0% +189.3%
2025Q2 Top 20% +108.5% +238.3%
2024Q4 Top 10% -9.5% +2.4%
2024Q1 Top 20% +10.4% +37.6%
2023Q1 Top 10% -7.9% +4.2%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
349
Change in large funds
+43
Total value they hold
$70.0B
Funds buying for the first time
258
Funds that sold out entirely
139
Price change that quarter
-32.5%
Funds holding puts (bearish)
29
Funds holding calls (bullish)
35

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
118.1
EPS (TTM)
$3.00
EPS YoY
+311.0%
Revenue (TTM)
$5.6B
Revenue YoY
+30.6%
Net margin
7.9%
ROE
15.2%
Debt ratio
52.1%
FCF (TTM)
$833M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2022-07-30: EPS 0.07 2022-10-29: EPS 0.39 2023-01-28: EPS 0.51 2023-04-29: EPS 0.38 2023-07-29: EPS 0.20 2023-10-28: EPS 0.62 2024-01-27: EPS 0.34 2024-04-27: EPS -0.12 2024-07-27: EPS 0.10 2024-11-02: EPS 0.26 2025-02-01: EPS 0.31 2025-05-03: EPS 0.06 2025-08-02: EPS 0.35 2025-11-01: EPS 0.13 2026-01-31: EPS 1.03 2026-05-02: EPS 1.49 0B 0.8B 1.6B $B -0.13 0.75 1.64 201720182019202020212022202320242025202605/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 101 23 150 276 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-296M15M326M 2017201820192020202120222023202420252026
Latest quarter $219M (2026-05-02)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-05-02 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.