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Ciena SVP Rothenstein sells $330k in shares

Published 17/09/2025, 22:12
Ciena SVP Rothenstein sells $330k in shares
CIEN
0.24%

David M. Rothenstein, SVP and Chief Strategy Officer at Ciena Corp (NASDAQ:CIEN), sold 2,500 shares of common stock on September 15, 2025, at a price of $132.0, totaling $330,000. The sale comes as Ciena’s stock trades near its 52-week high of $138.35, having delivered an impressive 143% return over the past year. According to InvestingPro analysis, the stock appears overvalued at current levels.

Following the transaction, Rothenstein directly owns 190,628 shares of Ciena , which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). The sale was executed under a Rule 10b5-1 trading plan established on December 23, 2024. With a market capitalization of $19.3 billion, Ciena shows strong momentum but trades at elevated multiples. For deeper insights into insider transactions and comprehensive valuation metrics, check out Ciena’s detailed Pro Research Report, available exclusively on InvestingPro.

In other recent news, Ciena has reported impressive fiscal third-quarter results, with revenue and non-GAAP earnings per share exceeding consensus estimates by 4% and $0.14, respectively. The company also provided fourth-quarter revenue growth guidance of 14% year-over-year, surpassing market expectations. Following these strong results, several analyst firms have raised their price targets for Ciena. Needham increased its price target to $130 while maintaining a Buy rating, citing the company’s robust performance. JPMorgan also raised its price target to $140, highlighting Ciena’s leadership in the optical systems market. Stifel boosted its target to $120, emphasizing the company’s strong third-quarter results and raised guidance. BofA Securities increased its price target to $135, noting Ciena’s outperformance in all metrics. Additionally, Rosenblatt adjusted its price target to $127.50, reflecting an updated fiscal year 2026 earnings per share forecast.

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