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Gary Smith, President and CEO of Ciena Corporation (NYSE:CIEN), recently sold 6,800 shares of the company’s common stock. The transaction, which took place on June 2, 2025, was executed under a Rule 10b5-1 trading plan. The shares were sold at a weighted average price of $80.6181, with the sales price ranging between $79.29 and $81.61. This sale resulted in a total transaction value of approximately $548,203. Following the sale, Smith retains ownership of 355,280 shares, which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
In other recent news, Ciena Corporation has been the focus of several analyst updates and corporate developments. Analysts from Rosenblatt have increased the price target for Ciena to $85, citing strong prospects in AI growth and potential earnings that may surpass consensus estimates. Similarly, JPMorgan has raised its price target to $86, maintaining an Overweight rating due to strong demand from telecom and cloud customers, with expectations of 13% revenue growth for fiscal year 2025. Stifel analysts reaffirmed a Buy rating and a $95 price target, highlighting Ciena’s strategic advancements in AI and data centers as key growth drivers.
Meanwhile, Evercore ISI maintained an ’In Line’ rating with a $68 price target, noting Ciena’s shift towards a components-based business model and its leadership in coherent lite pluggables. In corporate governance news, Ciena’s shareholders recently approved board nominees and ratified PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2025. The stockholders also gave advisory approval on executive compensation, indicating strong support for the company’s leadership and financial practices. These developments reflect Ciena’s strategic focus and its positioning for potential growth in emerging technology markets.
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