Ciena (NYSE:CIEN) CEO Sells $1,587,528.00 in Stock
Ciena Corporation (NYSE:CIEN) CEO Gary Smith sold 6,800 shares of stock for $1,587,528 on December 22nd, reducing his ownership by 1.71%. Post-sale, he holds 391,437 shares valued at approximately $91.38 million. The stock price fell 2.0% to $236.85, with a market cap of $33.36 billion. Ciena reported a quarterly EPS of $0.91, exceeding estimates, and a revenue increase of 20.1% year-over-year. Analysts have a consensus rating of "Moderate Buy" with an average target price of $237.50.
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