Ciena's SVP Brodie Gage Sells Shares Worth $828,177

Brodie Gage, Senior Vice President of Global Products & Supply at Ciena Corporation, sold 1,934 shares of the company's stock on June 20, 2026. The shares were sold at an average price of $428.22, totaling $828,177.48. This transaction was not part of a pre-arranged trading plan.

Insider Buying and Selling at Ciena Corporation

Alongside Brodie Gage, other insiders at Ciena Corporation also sold shares on June 20, 2026. Jason Phipps, SVP of Global Sales and Marketing, sold 2,366 shares. Sheela Kosaraju, SVP and General Counsel, sold 2,013 shares. Joseph Cumello, SVP and General Manager of Blue Planet, sold 1,717 shares. President and CEO Gary Smith sold 8,767 shares, and Marc Graff, SVP & Chief Financial Officer, sold 199 shares. None of these transactions were under a Rule 10b5-1 plan.

Other Institutional Activity in Ciena Corporation

FMR LLC grew its holdings in Ciena Corporation by 81,546 shares, bringing its total to 21,209,756 shares worth approximately $8.23 billion. BlackRock, Inc. reduced its stake by 3,295,043 shares, resulting in a total of 13,373,787 shares valued at about $5.19 billion. JPMorgan Chase & Co trimmed its position by 637,643 shares, holding 10,226,649 shares worth $3.73 billion. Vanguard Capital Management LLC opened a new position with 9,169,355 shares, and Vanguard Portfolio Management LLC also initiated a stake with 7,369,124 shares.

Ciena Corporation Stock Up 24.0%

Shares of NYSE:CIEN traded near $457.68 on Tuesday. Ciena Corporation has a market capitalization of approximately $65.16 billion. The company has a P/E ratio of 153.44 and a forward P/E of 47.86, indicating investor expectations for future earnings. The stock's beta is 1.244, suggesting it is more volatile than the market. Over the past 52 weeks, the stock has traded between $73.55 and $637.51. Ciena's 50-day moving average is $521.20, and its 200-day moving average is $310.04.

Analysts Set New Price Targets

On June 23, 2026, Needham reiterated its buy rating for Ciena with a price target of $600. UBS maintained a hold rating with a $508 target on June 5, while Barclays kept its buy rating with a $607 target on the same day. Rosenblatt also maintained a buy rating, setting a target of $720. The consensus among 19 analysts is a buy, with an average target price of $564.92.

About Ciena Corporation

Ciena Corporation is a technology company specializing in network solutions. It provides hardware, software, and services to network operators across the world, including the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Headquartered in Hanover, Maryland, Ciena operates through several segments, including Networking Platforms and Blue Planet Automation Software and Services. The company was founded in 1992 and is led by CEO Gary B. Smith.

Bottom Line

Ciena Corporation's insider selling activity, including Brodie Gage's recent transaction, is part of routine trading by company executives. Investors often monitor such activities to gauge executive confidence in the company's future. Ciena's stock performance and institutional activity reflect its position in the competitive technology sector. Remember, insider trades are reported after they occur, and the information may not reflect the insider's current holdings.