Microvast Holdings announces departure of chief financial officer
David M. Rothenstein, SVP and Chief Strategy Officer at CIENA CORP (NASDAQ:CIEN), sold 2,500 shares of common stock on June 16, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The transaction comes as CIENA’s stock has delivered a remarkable 57.69% return over the past year, though InvestingPro analysis indicates the stock is currently trading above its Fair Value. The shares were sold at a weighted average price of $74.1313, with individual transactions ranging from $73.00 to $74.94, for a total value of $185,328.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan established on December 23, 2024. Following the transaction, Rothenstein directly owns 199,870 shares of CIENA CORP, including unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
In other recent news, Ciena (NYSE:CIEN) Corporation has appointed Marc D. Graff as its new Chief Financial Officer, effective August 1, 2025. Graff brings extensive experience from his previous roles at Altera Corporation and Intel (NASDAQ:INTC)’s Data Center and Artificial Intelligence Group. This leadership change comes as the company navigates increasing demand for high-speed connectivity driven by AI and cloud computing. Meanwhile, Ciena’s fiscal second-quarter 2025 results showed mixed performance, with revenue of $1.13 billion surpassing expectations but adjusted earnings per share falling short at $0.42. Analysts from Needham and Stifel have maintained their Buy ratings for Ciena, with Stifel setting a price target of $90.00. UBS analysts raised their price target to $78, citing strong cloud revenue growth, although they noted concerns about the company’s ability to meet long-term margin targets. The company’s direct-to-cloud business showed robust growth, contributing 38% to total revenue. Despite challenges with product mix affecting margins, Ciena reported a record backlog and significant order wins, including a high-value contract with a tier-1 hyperscaler.
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