Gold bars to be exempt from tariffs, White House clarifies
David M. Rothenstein, SVP and Chief Strategy Officer at CIENA CORP (NASDAQ:CIEN), sold 2,500 shares of common stock on July 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $82.2098, with individual transactions occurring in a range from $81.57 to $82.72, for a total value of $205,524. The sale comes as CIENA’s stock has shown remarkable strength, delivering a 66.84% return over the past year, with the current price of $84.39 approaching its 52-week high of $101.44.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan established on December 23, 2024. Following the transaction, Rothenstein directly owns 195,628 shares of CIENA CORP, including unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). According to InvestingPro analysis, CIENA maintains strong financial health with a current ratio of 3.4, though it currently trades at elevated multiples. InvestingPro subscribers have access to 12 additional key insights about CIENA’s valuation and growth prospects.
In other recent news, Ciena (NYSE:CIEN) has announced several significant developments. The company recently appointed Marc D. Graff as its new Chief Financial Officer, effective August 1, 2025. Graff brings a wealth of experience from his previous roles at Altera Corporation and Intel (NASDAQ:INTC)’s Data Center and Artificial Intelligence Group. This leadership change comes as Ciena navigates growing demand in the AI and cloud sectors. Meanwhile, Ciena’s fiscal second-quarter 2025 results showed mixed performance, with revenue increasing by 3% but earnings per share falling short of expectations. The company is also adjusting to product mix shifts and increased tariff costs impacting gross margins. UBS analysts have raised their price target for Ciena to $78, citing strong cloud revenue growth, although they express concerns about the company’s margin targets. Morgan Stanley (NYSE:MS), on the other hand, downgraded Ciena due to margin concerns, despite acknowledging opportunities in the optical AI market. Lastly, Needham analysts maintain a Buy rating, highlighting Ciena’s strong technology and customer relationships as potential drivers for future growth.
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