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Gary B Smith, CEO of CIENA CORP (NASDAQ:CIEN), sold 6,800 shares of the company’s common stock on August 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as CIENA’s stock trades near its 52-week high of $101.44, having delivered an impressive 70% return over the past year. According to InvestingPro analysis, the company currently trades at a premium valuation with a P/E ratio of 126. The sales were executed at a weighted average price of $90.5351, resulting in a total transaction value of $615638.
The prices received for the shares ranged from $89.5300 to $91.6675. The sales were executed pursuant to a Rule 10b5-1 trading plan dated September 11, 2024. Following the transaction, Smith directly owns 311,957 shares of CIENA CORP, which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
In other recent news, Ciena (NYSE:CIEN) Corporation has experienced several significant developments. The company reported mixed fiscal second-quarter 2025 results, with revenue growing by 3% but non-GAAP earnings per share falling short of expectations by $0.10. This performance was supported by an 88% year-over-year increase in its cloud segment, although challenges with new products and increased tariff costs have impacted gross profit. UBS analysts responded by raising their price target to $78 due to strong cloud revenue growth, despite the company’s gross margin falling short of estimates. Meanwhile, Morgan Stanley (NYSE:MS) downgraded Ciena from Equalweight to Underweight, citing concerns over disappointing margin performance despite increased revenue estimates for fiscal 2026. On the executive front, Ciena appointed Marc D. Graff as the new Chief Financial Officer, succeeding James E. Moylan, Jr., who will retire in August 2025. Needham analysts maintained a Buy rating for Ciena stock, noting the company’s strong bookings despite mixed results. Evercore ISI reiterated an In Line rating, following the announcement of the new CFO.
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