Ciena (CIEN) SVP Brodie Gage Sells $828K of Stock
Brodie Gage, SVP at Ciena, sold 1,934 shares valued at $828,177 in a recent insider transaction.
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Brodie Gage, SVP Global Products & Supply at Ciena Corporation ($CIEN), sold 1,934 shares at an average price of $428.22, worth about $828,177.48, on June 20, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $CIEN is up 11.8% after 1 week, down 11.6% after 1 month and down 22.3% to date (from the $428.22 close on Jun 18, 2026).
CIEN
Ciena Corporation
Key Points
- On June 20, 2026, Brodie Gage sold 1,934 shares of Ciena Corporation for about $828,177, pricing each share at $428.22.
- Ciena's shares closed at $469.23 on the day of the transaction, showing a notable increase from the previous close of $359.60.
- Insider activity continues at Ciena, with multiple executives selling shares recently, including David Rothenstein and Dino Diperna.
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Insider Buying and Selling at Ciena Corporation
On June 20, 2026, Brodie Gage, Senior Vice President of Global Products & Supply at Ciena Corporation (NYSE: CIEN), sold 1,934 shares for approximately $828,177. The shares were sold at a price of $428.22 each, reflecting a significant transaction among the company's executives.
Recent Insider Transactions
Gage's sale adds to a series of insider transactions at Ciena on the same day. David Rothenstein, the Chief Strategy Officer, sold 2,350 shares at the same price of $428.22, totaling about $1,006,317. Dino Diperna, the Senior Vice President of Global R&D, also sold 2,054 shares, valued at roughly $879,563. Additionally, CFO Marc Graff sold 199 shares for approximately $85,216. This activity indicates a busy period for Ciena’s insiders.
How Ciena Corporation Stock Has Traded
Ciena's shares closed at $469.23 on the day of Gage's transaction, which is a substantial rise from the previous close of $359.60. The stock has fluctuated between a 52-week low of $159.56 and a high of $637.51, making this sale noteworthy as it occurs well above the lower end of that range.
Analysts Set New Price Targets
Analysts have recently shown a positive outlook on Ciena. On September 17, 2026, Barclays maintained an Overweight rating with a price target of $548, while Evercore ISI Group upgraded its rating to Outperform with a target of $550. Bernstein also initiated coverage with an Outperform rating and a target of $440. The consensus among analysts remains bullish, suggesting confidence in the company’s future performance.
What Ciena Corporation Does
Ciena Corporation is a network technology company based in Fulton, Maryland, that provides a range of hardware, software, and services for network operators globally. This recent insider activity may reflect the executives' views on the company's future amidst a dynamic market environment.
What's Ahead for Ciena Corporation
Investors should keep an eye on Ciena's next earnings report scheduled for December 10, 2026. The recent insider transactions, including Gage's sale, represent past positions and may not reflect current holdings. Following these trades, further updates from the company and analysts will be crucial to understanding the stock's trajectory.
Related Filing Alerts
Source: Brodie Gage's Form 4 filing on $CIEN (Jun 20, 2026). Find the original filing: CIEN Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts