September looms as a risk month for stocks, Yardeni says
Ciena (NYSE:CIEN) Corp NASDAQ:CIEN SVP Global Products & Supply, Gage Brodie, sold 350 shares of common stock on August 15, 2025, at a price of $90.94, for a total value of $31,829.
Following the transaction, Brodie directly owns 43,268 shares, which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
The sale was executed under a Rule 10b5-1 trading plan established on September 6, 2024.
In other recent news, Ciena Corporation has announced significant developments amid growing demand in the AI and cloud sectors. The company reported mixed fiscal second-quarter 2025 results, with revenue increasing by 3% but non-GAAP EPS missing expectations by $0.10. Notably, Ciena’s cloud segment experienced an 88% year-over-year growth, although challenges remain with lower-than-expected gross margins on new products and increased tariff costs impacting gross profit by about $10 million per quarter.
Morgan Stanley (NYSE:MS) downgraded Ciena from Equalweight to Underweight, citing concerns over margin performance despite increased revenue estimates. The firm noted that while revenue estimates for fiscal 2026 have risen by approximately 10% over the last three quarters, earnings per share estimates have declined by 4%. Meanwhile, UBS analysts raised their price target for Ciena stock to $78, driven by an 85% year-over-year increase in Direct Cloud-related revenue, although gross margin figures fell short of expectations.
Additionally, Ciena has appointed Marc D. Graff as the new Senior Vice President and Chief Financial Officer, effective August 1, 2025. Graff will succeed James E. Moylan, Jr., who will retire on August 28, 2025, and will remain with the company until then to ensure a smooth transition. Evercore ISI reiterated an In Line rating for Ciena, maintaining a $75 price target following the CFO announcement. Needham analysts also maintained a Buy rating, keeping their price target at $90, despite the mixed results.
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