{
  "id": 19592366,
  "title": "Ciena CEO Gary Smith sells $974,688 in stock",
  "url": "https://urgent.news/2026/11/12/ciena-ceo-gary-smith-sells-974-688-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T03:16:04.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/ciena-ceo-gary-smith-sells-974688-in-stock-93CH-5020255"
  },
  "original_language": "en",
  "account": "Ciena Corp (NASDAQ:CIEN) CEO Gary Smith sold 2,952 shares of the company's common stock on September 15, 2026, generating a total of $974,688. The shares were bought and sold within a specific price range, with the average sale price coming to $330.1789. The action was executed under a Rule 10b5-1 trading plan that Smith had established on October 4, 2025.\n\nPresently, Ciena's stock price is $296.04, indicating a 49% decrease from the average sale price over the last six months. Following the sale, Smith remains a shareholder, owning 240,126 shares, which includes unvested RSUs and PSUs.\n\nAnalysts have differing opinions on Ciena's valuation. InvestingPro's Fair Value analysis suggests the company is overvalued. However, Stifel maintains a Buy rating with a price target of $615, while Morgan Stanley increases its price target to $450. UBS, on the other hand, lowers its price target to $394, retaining a Neutral rating. TD Cowen also keeps a Buy rating with a $400 price target, highlighting the company's growth potential amidst supply constraints.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}