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Ciena (NASDAQ:CIEN) SVP Global Products & Supply, Gage Brodie, sold 350 shares of common stock on October 15, 2025, at a price of $169.36, totaling $59,276.
Following the transaction, Brodie directly owns 40,653 shares
In other recent news, Ciena Corporation has completed its acquisition of Nubis Communications, a company known for its expertise in high-performance optical and electrical interconnects for AI applications. The acquisition, valued at $270 million in an all-cash transaction, was finalized this week and is aimed at enhancing Ciena’s capabilities in AI data transfer. This strategic move follows Ciena’s announcement of a significant deal with a hyperscaler to connect two large data centers using its advanced technology, which has contributed to a positive outlook on the company’s growth potential.
Stifel has reiterated its Buy rating on Ciena, raising the price target to $152, citing the Nubis acquisition as a factor for potential revenue growth and profitability improvements. Additionally, Rosenblatt has upgraded Ciena’s stock from Neutral to Buy, with a new price target of $175, highlighting the company’s opportunities in AI data center networking. These recent developments reflect increased confidence from analysts in Ciena’s ability to leverage its technological advancements and strategic acquisitions to drive future growth.
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