S&P 500 may face selling pressure as systematic funds reach full exposure
Ciena (NASDAQ:NYSE:CIEN) SVP Global Products & Supply, Gage Brodie, sold 350 shares of company stock on June 16, 2025, at a price of $72.6, for a total transaction value of $25409.
The sale was executed under a Rule 10b5-1 trading plan established on September 6, 2024. Following the transaction, Brodie directly owns 45883 shares, which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). While this insider sale occurred, InvestingPro data reveals management has been actively buying back shares, with the company maintaining a strong financial health score. Discover more insights about Ciena in the comprehensive Pro Research Report, available along with 12 additional ProTips on InvestingPro.
In other recent news, Ciena Corporation has announced the appointment of Marc D. Graff as its new Chief Financial Officer, effective August 1, 2025. This follows the retirement of James E. Moylan, Jr., who will remain with the company until August 28, 2025, to assist in the transition. In terms of earnings, Ciena reported mixed fiscal second-quarter results, with revenue surpassing expectations at $1.13 billion, compared to the consensus estimate of $1.09 billion. However, the adjusted earnings per share (EPS) fell short, coming in at $0.42 against the expected $0.52.
Analysts at Needham maintained a Buy rating on Ciena stock, citing opportunities in intra-data center markets, despite challenges with new products affecting gross margins. UBS analysts raised their price target for Ciena stock to $78, highlighting an 85% year-over-year growth in direct cloud-related revenue. They noted concerns about the company’s ability to meet long-term gross margin targets due to a shift in product mix. Stifel analysts also reiterated a Buy rating, focusing on Ciena’s robust direct-to-cloud business and significant order wins, including a contract with a tier-1 hyperscaler. These developments come as Ciena navigates increasing demand for high-speed connectivity driven by AI and cloud computing growth.
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