Ciena Corporation CFO Sells Shares Worth Over $85,000
Ciena's CFO Marc Graff sold 199 shares, raising $85,215.78 on June 20, 2026.
Key Points
- Ciena Corporation's CFO Marc Graff sold 199 shares on June 20, 2026, for $85,215.78.
- Ciena's stock traded at $457.68 on Tuesday with a P/E ratio of 153.4 and a market cap of $65.16 billion.
- Analysts from Needham reiterated a 'buy' rating with a $600 target on June 23, 2026.
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Marc Graff, the Senior Vice President and Chief Financial Officer of Ciena Corporation, sold 199 shares of the company on June 20, 2026. The shares were sold at an average price of $428.22, totaling $85,215.78. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at Ciena Corporation
Several insiders at Ciena Corporation made sales on June 20, 2026. Jason Phipps, the SVP of Global Sales and Marketing, sold 2,366 shares. Sheela Kosaraju, SVP and General Counsel, sold 2,013 shares. Brodie Gage, SVP of Global Products & Supply, sold 1,934 shares. Joseph Cumello, SVP and General Manager of Blue Planet, sold 1,717 shares. Lastly, Gary Smith, the President and CEO, sold 8,767 shares.
Ciena Corporation Stock Up 24.0%
Shares of Ciena Corporation (NYSE:CIEN) traded around $457.68 on Tuesday. The company has a market capitalization of approximately $65.16 billion and a P/E ratio of 153.4. Its forward P/E is 47.9, with a beta of 1.244. The stock has a 52-week range between $73.55 and $637.51, with a 50-day moving average of $521.20 and a 200-day moving average of $310.04. Ciena maintains a current ratio of 2.73 and a quick ratio of 1.85, with a debt-to-equity ratio of 54.65.
$CIEN stock price
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Analysts Set New Price Targets
On June 23, 2026, Needham reiterated its 'buy' rating for Ciena Corporation and set a price target of $600. Earlier in June, UBS maintained a 'hold' rating with a $508 target, while Barclays and Rosenblatt both maintained a 'buy' rating with targets of $607 and $720, respectively. The consensus among analysts is a 'buy' recommendation, with a mean price target of $564.92 based on 19 analyst opinions.
About Ciena Corporation
Ciena Corporation is a technology company based in Hanover, Maryland. It provides network hardware, software, and services to operators worldwide. The company operates through several segments, including Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. Ciena's products and services are used by various network operators across the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was incorporated in 1992 and is led by CEO Gary B. Smith.
Bottom Line
Ciena Corporation's recent insider sales, including those by CFO Marc Graff, highlight ongoing activity within the company's leadership. Investors often track such transactions for insights into executive confidence. As a reminder, insider transactions are reported after they occur and may not reflect current holdings. Ciena remains a significant player in the technology sector, with strong analyst support and a 'buy' consensus.
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