Ciena corp SVP Jason Phipps sells $478,052 in inventory

Jason Phipps, the Senior Vice President of International Gross sales and Advertising at Ciena Corp (NYSE:CIEN), just lately bought 5,648 shares of the corporate’s widespread inventory. The transaction, which befell on January 2, 2025, was carried out as a part of a pre-arranged Rule 10b5-1 buying and selling plan. The sale comes as Ciena’s inventory has proven outstanding power, delivering an 80% return over the previous yr and buying and selling close to its 52-week excessive of $91.82. The shares had been bought at a weighted common value of $84.6411, leading to whole proceeds of roughly $478,052. Following this sale, Phipps retains possession of 109,878 shares, which incorporates unvested Restricted Inventory Models (RSUs) and Efficiency Inventory Models (PSUs). With a market capitalization of $12 billion and powerful monetary well being indicated by a present ratio of three.54, Ciena seems well-positioned regardless of buying and selling above its InvestingPro Honest Worth. Traders can entry 14 extra ProTips and complete valuation metrics by means of InvestingPro’s detailed analysis report.

In different current information, Ciena Company has been the main focus of varied analyst changes. Jefferies affirmed its Purchase score on Ciena, emphasizing the corporate’s potential for progress pushed by AI visitors and the anticipated completion of extra stock discount. JPMorgan maintained a Impartial score however elevated the inventory’s value goal, reflecting optimism about Ciena’s progress prospects pushed by substantial investments from cloud prospects and telecom operators.

Concurrently, Stifel maintained a Purchase score whereas elevating the inventory’s value goal, highlighting Ciena’s fiscal fourth quarter income that exceeded expectations. Needham additionally maintained a Purchase score and elevated its value goal, following Ciena’s fiscal fourth quarter outcomes, which confirmed revenues exceeding consensus forecasts.

BofA Securities upgraded the corporate’s shares to Purchase from Impartial, citing an improved enterprise outlook and elevated order momentum. These developments replicate analysts’ constructive outlook on Ciena’s efficiency and progress potential, in addition to the corporate’s robust market place.

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