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David M. Rothenstein, SVP and Chief Strategy Officer at Ciena Corp (NASDAQ:NYSE:CIEN), a networking systems company with a market capitalization of $13 billion, sold 2,500 shares of common stock on August 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The company’s stock has shown remarkable strength, delivering a 70% return over the past year. The sales were executed at a weighted average price of $90.5983, resulting in a total transaction value of $226,495.
The prices obtained for the shares ranged from $89.7500 to $91.6500. The sale was affected pursuant to a Rule 10b5-1 trading plan dated December 23, 2024. Following the transaction, Rothenstein directly owns 193,128 shares of Ciena stock, which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). The company operates with a moderate level of debt and is expected to remain profitable this year, based on analyst forecasts available on InvestingPro.
In other recent news, Ciena Corporation has reported mixed fiscal second-quarter 2025 results, with revenue increasing by 3% while non-GAAP EPS fell short by $0.10 compared to consensus expectations. This performance was supported by an 88% year-over-year growth in the cloud segment, although new products with lower gross margins and increased tariff costs have impacted profits. UBS analysts have raised Ciena’s stock price target to $78, citing an 85% increase in Direct Cloud-related revenue, despite the company’s gross margin of 41% falling short of estimates. Meanwhile, Morgan Stanley (NYSE:MS) downgraded Ciena from Equalweight to Underweight, expressing concerns over disappointing margin performance, despite a 10% increase in fiscal 2026 revenue estimates over the last three quarters.
Additionally, Ciena has appointed Marc D. Graff as the new Chief Financial Officer, effective August 1, 2025. Graff, who brings nearly 30 years of global finance experience, will succeed James E. Moylan, Jr., who is set to retire at the end of August 2025. Evercore ISI reiterated an In Line rating with a $75 price target following this announcement. Needham analysts maintained a Buy rating with a $90 price target, despite the mixed results, emphasizing the strong bookings in the cloud segment. These developments reflect the ongoing shifts and challenges Ciena faces in the evolving market landscape.
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