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Ciena Corp (NASDAQ:NYSE:CIEN) Senior Vice President, Global Products & Supply, Brodie Gage, sold 350 shares of company stock on July 15, 2025, at a price of $82.57, totaling $28,899.
The sale was executed under a Rule 10b5-1 trading plan established on September 6, 2024. Following the transaction, Gage directly owns 43,618 shares, including unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). InvestingPro data reveals the company maintains strong liquidity with a current ratio of 3.4, while operating with moderate debt levels. For deeper insights into Ciena’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Ciena Corporation has seen a series of notable developments. The company reported mixed fiscal second-quarter 2025 results, with revenue and non-GAAP EPS deviating from consensus expectations. Despite an 88% year-over-year growth in its cloud segment, challenges persist due to new products with lower gross margins and increased tariff costs impacting gross profit. UBS analysts have raised Ciena’s stock price target to $78, highlighting an 85% year-over-year increase in Direct Cloud-related revenue. However, they noted concerns about the company’s ability to meet long-term margin targets. Morgan Stanley (NYSE:MS) downgraded Ciena from Equalweight to Underweight, citing disappointing margin performance despite revenue growth. In a strategic move, Ciena appointed Marc D. Graff as the new Chief Financial Officer, effective August 1, 2025. Evercore ISI views Graff’s appointment as timely, given the growing demand for high-speed connectivity driven by AI and cloud computing. Needham analysts have maintained a Buy rating on Ciena, emphasizing the company’s strong technology and customer relationships as potential drivers for future share gains.
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