Ciena names Marc Graff as new CFO effective August 1

HANOVER, Md. - Ciena Corporation (NYSE: CIEN), a networking solutions provider with a market capitalization of $10.38 billion, has appointed Marc D. Graff as Senior Vice President and Chief Financial Officer, effective August 1, 2025, according to a press release statement issued by the company.

Graff, who will report to President and CEO Gary B. Smith as part of the Executive Leadership Team, brings nearly 30 years of global finance experience to the role. He previously served as Senior Vice President and CFO at Altera Corporation, where he helped execute the company’s majority sale from Intel Corporation. The appointment comes as Ciena demonstrates strong financial health, with InvestingPro data showing liquid assets exceeding short-term obligations by 3.4 times.

Before joining Altera, Graff held the position of CFO and Chief Operating Officer for Intel’s Data Center and Artificial Intelligence Group, along with other executive finance roles at the company. He holds a Bachelor of Science in finance and economics from the University of Colorado and an MBA from the University of Michigan.

Graff will succeed James E. Moylan, Jr., who is retiring effective August 28, 2025, as previously announced by the company. Moylan will assist in transitioning his responsibilities to Graff until his retirement date.

"I’m excited to join Gary and the rest of the Ciena team to drive shareholder value, particularly through the opportunities presented by AI and data center workloads that require greater high-speed connectivity," Graff said.

Ciena Corporation, based in Maryland, provides high-speed connectivity solutions for networks.

In other recent news, Ciena Corporation reported its fiscal second-quarter 2025 earnings, revealing a mixed financial performance. The company surpassed revenue expectations with $1.13 billion, compared to the anticipated $1.09 billion. However, its earnings per share (EPS) fell short at $0.42, missing the forecasted $0.51. Analysts from Needham, UBS, Stifel, and Raymond James have weighed in on these developments. Needham maintained a Buy rating, citing Ciena’s strong technology and customer relationships, despite mixed results. UBS raised the stock’s price target to $78, highlighting robust cloud revenue growth but expressed concerns over gross margins. Stifel reiterated a Buy rating, pointing to strong direct-to-cloud business and a record backlog. Meanwhile, Raymond James increased the price target to $83, acknowledging margin pressures but expressing confidence in Ciena’s long-term potential. Ciena has raised its fiscal 2025 revenue growth guidance to 14%, driven by strong demand across its portfolio, though it faces challenges with product mix and tariff costs impacting margins.

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