Insider Selling: Ciena (NYSE:CIEN) SVP Sells 1,200 Shares of Stock

April 18, 2026 by InsiderTrades.com

Key Points

Brodie Gage, Ciena SVP, sold 1,200 shares on April 15 at an average price of $471.79 under a pre-arranged Rule 10b5-1 plan, reducing his holding by 2.59% but still owning about 45,141 shares (~$21.3M).
Ciena beat quarterly expectations (EPS $1.35; revenue +33% YoY), reports an estimated ~$7B AI-driven backlog and has received bullish price-target lifts (Bank of America and JPMorgan to $550), but trades at a very rich valuation (PE >300), which raises downside risk if growth or order timing weakens.

Ciena Corporation (NYSE:CIEN - Get Free Report) SVP Brodie Gage sold 1,200 shares of Ciena stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $471.79, for a total value of $566,148.00. Following the transaction, the senior vice president owned 45,141 shares in the company, valued at approximately $21,297,072.39. The trade was a 2.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Brodie Gage also recently made the following trade(s):

On Tuesday, March 24th, Brodie Gage sold 5,000 shares of Ciena stock. The stock was sold at an average price of $405.00, for a total value of $2,025,000.00.

Ciena Stock Performance

Shares of Ciena stock opened at $506.96 on Friday. Ciena Corporation has a one year low of $56.94 and a one year high of $513.83. The company has a market cap of $71.68 billion, a price-to-earnings ratio of 322.90, a PEG ratio of 1.84 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.14 and a current ratio of 2.81. The business's 50 day moving average price is $378.22 and its 200 day moving average price is $267.63.

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Ciena (NYSE:CIEN - Get Free Report) last announced its quarterly earnings data on Thursday, March 5th. The communications equipment provider reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.18. Ciena had a return on equity of 12.09% and a net margin of 4.47%.The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the business posted $0.64 earnings per share. The firm's revenue was up 33.1% compared to the same quarter last year. On average, research analysts predict that Ciena Corporation will post 1.6 EPS for the current year.

Institutional Investors Weigh In On Ciena

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CIEN. Lecap Asset Management Ltd. purchased a new stake in shares of Ciena in the 3rd quarter valued at $1,993,000. Convergence Investment Partners LLC purchased a new stake in shares of Ciena in the 3rd quarter valued at $1,726,000. Peak Financial Advisors LLC raised its holdings in shares of Ciena by 222.7% in the 4th quarter. Peak Financial Advisors LLC now owns 11,596 shares of the communications equipment provider's stock valued at $2,712,000 after buying an additional 8,003 shares during the period. Semanteon Capital Management LP purchased a new stake in shares of Ciena in the 3rd quarter valued at $568,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Ciena by 38.7% in the 3rd quarter. New York State Common Retirement Fund now owns 112,011 shares of the communications equipment provider's stock valued at $16,317,000 after buying an additional 31,225 shares during the period. Hedge funds and other institutional investors own 91.99% of the company's stock.

Analysts Set New Price Targets

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A number of equities analysts recently commented on CIEN shares. Rosenblatt Securities lifted their price objective on Ciena from $305.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, March 6th. Weiss Ratings restated a "hold (c)" rating on shares of Ciena in a research report on Wednesday, January 21st. Wolfe Research restated an "outperform" rating and issued a $375.00 target price on shares of Ciena in a research report on Thursday, March 5th. Morgan Stanley lifted their target price on Ciena from $280.00 to $286.00 and gave the company an "equal weight" rating in a research report on Thursday, March 5th. Finally, Bank of America lifted their target price on Ciena from $355.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $348.59.

View Our Latest Report on Ciena

Ciena News Roundup

Here are the key news stories impacting Ciena this week:

Positive Sentiment: Bank of America raised its price target to $550 (from $355), citing Ciena’s expanding market share in AI networking, a multi‑year data‑center buildout and an optical “super‑cycle” that supports sustained demand. Read More.
Positive Sentiment: JPMorgan raised its price target to $550 and kept an overweight stance, reinforcing bullish institutional sentiment and validating the re‑rating tied to AI/cloud infrastructure spending. Read More.
Positive Sentiment: Ciena reported a large AI‑driven backlog (~US$7B) and strong FY2026 start, which boosts revenue visibility and supports expectations for multi‑year growth from hyperscaler and service‑provider buildouts. Read More.
Positive Sentiment: Wide media coverage (CNBC, Blockonomi, Zacks) highlights Ciena’s sharp YTD outperformance and investor momentum, which can attract more buying interest from growth and momentum investors. Read More.
Neutral Sentiment: Insider transaction — SVP Brodie Gage sold 1,200 shares under a pre‑arranged Rule 10b5‑1 plan; the sale is small relative to his remaining ~45k shares and was pre‑planned, so it is neutral in isolation. Read More.
Negative Sentiment: Valuation risk: Ciena now trades at a very rich multiple (PE >300), which raises the risk of sharper corrections if growth misses elevated expectations or if order timing slips. Read More.

Ciena Company Profile

(Get Free Report)

Ciena Corporation (NYSE: CIEN) is a global supplier of telecommunications networking equipment, software and services. The company develops high-capacity optical transport systems and packet-optical platforms that enable service providers, cloud operators and large enterprises to build, manage and scale their networks. Ciena's product portfolio includes coherent optical solutions, packet networking platforms and a suite of network automation software designed to optimize bandwidth, reduce latency and simplify network operations.

In addition to hardware offerings, Ciena provides professional services and support, including network design, implementation and ongoing maintenance.