Jason  Phipps net worth and biography

Jason Phipps Biography and Net Worth

SVP of Ciena
Jason Phipps says his upbringing influenced his approach to his job as Ciena’s Senior Vice President of Global Customer Engagement.

As the only child of two baby boomers who separated early, Jason was raised with a tremendous amount of freedom. He credits his local religious community with helping him build a strong foundation of ethics.

“I was no angel—I tested a lot of boundaries,” he said. “But I always knew right from wrong, and I had a strong moral compass, accompanied by the fear of disappointing others, that continues to drive me.”

Jason’s work ethic was instilled in his hometown of East Lansing, Michigan, where he started a landscaping business, worked in the demolition and restoration of abandoned retail sites, and raised money for annual church retreats through newspaper drives. All that was before his first so-called “real” job—at the convenience store he surreptitiously crossed a highway to reach as a child.

Jason’s career began in finance, in which he holds a degree from Indiana University. He eventually moved into sales at Nortel Networks and later at ONI Systems. Both companies were acquired by Ciena, which Jason joined through the ONI acquisition in 2002.

He held various sales positions worldwide before taking over leadership of Ciena’s worldwide sales operations and global partner and channel organization in 2017.

Among his staff, Jason emphasizes the power of teamwork, the importance of leadership development, and the building of succession plans. When hiring, he looks for passion, potential, humility, and a sense of humor.

In an industry as fast-paced and competitive as telecommunications, Jason says it's crucial to stay focused. And he’s devoted to the concept of failing fast.

“I encourage people to quickly assess all of the alternatives with key stakeholders, then galvanize the team to move fast in one direction,” he says. “If we get it right, great. If we miss the mark, we pick the next path and still have time to market advantage over those who are still deliberating the alternatives.”

What he enjoys most about his job is that no two days are alike.

“I find it difficult to be tied to a desk after all the years of freedom I enjoyed growing up,” says the man whose job takes him around the world several times each year.

Jason says the company-wide Ciena culture, rooted in celebrating people and furnishing them with opportunities for growth and success, suits him. He appreciates that a company known for its tech innovations stays faithful to building close-knit relationships with customers, employees, partners, and investors.

“Camaraderie, teamwork, and empathy,” he says, “are key to the success of the Ciena family. We’re fierce and gritty, we’re scrappy, we unite and fight for things others won’t. I love our culture – the open door, roll-up-your-sleeves approach from top to bottom. Everyone is willing to do whatever it takes to get us across the finish line.”

Time off from work is spent with family, including his wife of twenty-five years, their four children, and three dogs. A high-school three-sport athlete himself, he has embraced his children’s participation in team sports as both a coach and an ardent fan.

He lists baseball great Jackie Robinson as one of his idols. He recalls the historic moment when Robinson broke the major-league color barrier. Teammate Pee Wee Reese left his shortstop position for first base, where he wordlessly put his arm around Robinson. The move silenced the racially charged stands and made an impact on Jason that would help underpin his own personal belief system.

“Doing the right thing, always and unequivocally, with complete conviction and at full velocity,” Jason says. “That’s what it’s all about.”

What is Jason Phipps' net worth?

The estimated net worth of Jason Phipps is at least $4.91 million as of January 2nd, 2024. Mr. Phipps owns 105,414 shares of Ciena stock worth more than $4,913,347 as of April 27th. This net worth approximation does not reflect any other assets that Mr. Phipps may own. Additionally, Mr. Phipps receives an annual salary of $1,100,000.00 as SVP at Ciena. Learn More about Jason Phipps' net worth.

How old is Jason Phipps?

Mr. Phipps is currently 52 years old. There are 6 older executives and no younger executives at Ciena. The oldest executive at Ciena is Dr. Patrick H. Nettles, Executive Chairman of the Board, who is 81 years old. Learn More on Jason Phipps' age.

What is Jason Phipps' salary?

As the SVP of Ciena Co., Mr. Phipps earns $1,100,000.00 per year. There are 2 executives that earn more than Mr. Phipps. The highest earning executive at Ciena is Mr. Gary B. Smith, CEO, President & Director, who commands a salary of $2,500,000.00 per year. Learn More on Jason Phipps' salary.

How do I contact Jason Phipps?

The corporate mailing address for Mr. Phipps and other Ciena executives is 7035 RIDGE ROAD, HANOVER MD, 21076. Ciena can also be reached via phone at (410) 694-5700 and via email at [email protected]. Learn More on Jason Phipps' contact information.

Has Jason Phipps been buying or selling shares of Ciena?

Jason Phipps has not been actively trading shares of Ciena during the past quarter. Most recently, Jason Phipps sold 9,574 shares of the business's stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $44.53, for a transaction totalling $426,330.22. Following the completion of the sale, the senior vice president now directly owns 105,414 shares of the company's stock, valued at $4,694,085.42. Learn More on Jason Phipps' trading history.

Who are Ciena's active insiders?

Ciena's insider roster includes Stephen Alexander (SVP), Bruce Claflin (Director), Joseph Cumello (SVP), Rick Hamilton (SVP), Scott McFeely (SVP), James Moylan, Jr. (CFO), Patrick Nettles (Director), Thomas Nevens (Director), Judith O'Brien (Director), Andrew Petrik (VP), Jason Phipps (SVP), David Rothenstein (VP), and Gary Smith (CEO). Learn More on Ciena's active insiders.

Are insiders buying or selling shares of Ciena?

In the last twelve months, insiders at the communications equipment provider sold shares 40 times. They sold a total of 207,055 shares worth more than $10,226,741.40. The most recent insider tranaction occured on April, 15th when SVP Joseph Cumello sold 3,156 shares worth more than $144,355.44. Insiders at Ciena own 0.8% of the company. Learn More about insider trades at Ciena.

Information on this page was last updated on 4/15/2024.

Jason Phipps Insider Trading History at Ciena

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
1/2/2024Sell9,574$44.53$426,330.22105,414View SEC Filing Icon  
10/2/2023Sell3,833$47.30$181,300.9082,617View SEC Filing Icon  
7/3/2023Sell3,833$42.59$163,247.4788,104View SEC Filing Icon  
12/21/2022Sell11,255$49.36$555,546.8095,294View SEC Filing Icon  
3/22/2022Sell2,863$59.66$170,806.58View SEC Filing Icon  
12/21/2021Sell21,598$74.37$1,606,243.26View SEC Filing Icon  
9/21/2021Sell3,069$51.91$159,311.79View SEC Filing Icon  
6/22/2021Sell3,599$57.04$205,286.96View SEC Filing Icon  
3/23/2021Sell2,012$55.70$112,068.40View SEC Filing Icon  
9/23/2019Sell2,617$39.36$103,005.12View SEC Filing Icon  
7/15/2019Sell7,908$44.44$351,431.52View SEC Filing Icon  
3/22/2019Sell1,022$38.26$39,101.72View SEC Filing Icon  
12/24/2018Sell1,585$31.43$49,816.55View SEC Filing Icon  
9/24/2018Sell1,581$30.98$48,979.38View SEC Filing Icon  
3/22/2018Sell1,524$26.25$40,005.00View SEC Filing Icon  
6/21/2017Sell2,147$25.31$54,340.57View SEC Filing Icon  
3/21/2017Sell1,320$23.95$31,614.00View SEC Filing Icon  
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Jason Phipps Buying and Selling Activity at Ciena

This chart shows Jason Phipps's buying and selling at Ciena by year and by quarter.

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Ciena Company Overview

Ciena logo
Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as 8100 coherent routing platforms; 3000 family of service delivery switches and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, multi-cloud orchestration, and unified assurance and analytics services. Its Platform Software and Service segment offers MCP domain controller solution, and OneControl unified management system, as well as planning tools. The company's Global Services segment provides maintenance support and training, installation and deployment, and consulting and network design services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.
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Today's Range

Now: $46.61
Low: $45.72
High: $46.84

50 Day Range

MA: $50.68
Low: $43.57
High: $62.47

2 Week Range

Now: $46.61
Low: $39.94
High: $63.24

Volume

1,461,241 shs

Average Volume

2,001,662 shs

Market Capitalization

$6.74 billion

P/E Ratio

30.27

Dividend Yield

N/A

Beta

0.99