Ciena (CIEN) SVP & CFO Marc Graff Sells $85K of Stock
Marc Graff, Ciena's CFO, sold 199 shares on June 20, 2026, for about $85,216.
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Marc Graff, SVP & Chief Financial Officer at Ciena Corporation ($CIEN), sold 199 shares at an average price of $428.22, worth about $85,215.78, 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
- Marc Graff sold 199 shares of Ciena Corporation for approximately $85,216 on June 20, 2026.
- Ciena's stock price was $469.23 on the day the transaction was reported, reflecting a significant activity among insiders.
- Other insiders at Ciena, including CEO Gary Smith, also sold shares on the same day, highlighting ongoing insider trading activity.
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Ciena CFO Marc Graff's Recent Sale
Marc Graff, the Chief Financial Officer of Ciena Corporation (NYSE: CIEN), sold 199 shares on June 20, 2026, for about $85,216. This sale was made at an average price of $428.22 per share. Graff's transaction adds to a series of recent insider sales at the company.
Insider Buying and Selling at Ciena Corporation
Graff's sale is part of a broader trend, as several other insiders also sold shares on the same day. Notably, CEO Gary Smith sold 8,767 shares valued at approximately $3.75 million, while David Rothenstein, the Chief Strategy Officer, sold 2,350 shares worth over $1 million. Dino Diperna, SVP of Global R&D, also sold 2,054 shares for about $879,564. These transactions indicate a significant level of insider selling at Ciena, which may reflect various individual financial strategies rather than company performance.
Stock Performance Context
Ciena's stock was trading at $469.23 on the day of Graff's sale, which is considerably higher than its 52-week low of $159.56. The stock has seen substantial fluctuations, reaching a 52-week high of $637.51. The recent trading activity suggests that insiders are making moves as the stock remains above its 200-day moving average of $399.44.
Recent Earnings
For the fiscal year, Ciena reported revenue of approximately $6.02 billion, showing a growth rate of 37%. The company's earnings per share (EPS) stand at $3.98, with a net margin of 10.87%. Ciena is set to announce its next earnings report on December 10, 2026, which will provide further insight into its financial health and market position.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
7 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 10.1%. Revenue beat estimates by 2.3%.
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Profit surprise
EBITDA missed by 27 percent. Operating income missed by 16 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
7 target raises.
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Earnings quality
Gross margin up 3.8 points. Operating margin up 12.1 points. Positive free cash flow.
Earnings Call Summary
Ciena delivered a strong quarter with $1.57 billion in revenue, up 40 percent year over year, and adjusted earnings of $1.64 per share. The company announced its first multirail Hyper-Rail system order from a leading hyperscaler and is seeing broad adoption across cloud and service provider customers. With a $7.7 billion backlog and expanding gross margins to 44.9 percent, management expects sustained growth through 2027 driven by AI infrastructure buildout.
Guidance Ciena raised its full year 2026 revenue guidance to $6.3 billion, up 32 percent year over year. For next quarter, they expect about $1.625 billion in revenue. The company plans to continue investing in supply chain capacity and R and D to support strong AI-driven demand from hyperscalers and service providers.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Analysts Set New Price Targets
Ciena has received positive attention from analysts recently. On September 21, 2026, Evercore ISI Group upgraded the stock to an "Outperform" rating with a target price of $550, up from a prior target of $375. Bernstein also initiated coverage with an "Outperform" rating and a target of $440 on September 30, 2026. Overall, the consensus rating remains a buy, with a mean price target of about $512.99 based on 20 analyst opinions.
What Ciena Corporation Does
Ciena Corporation is a technology company based in Fulton, Maryland, that provides networking hardware, software, and services to network operators around the world. The company focuses on enhancing network performance and efficiency through its various product segments, including routing and switching solutions.
What to Watch at Ciena Corporation
As Ciena prepares for its next earnings report in December, investors and analysts will be keen to see how the company performs amid recent insider selling. The 13F filings reflect past activities and may not indicate current positions, so ongoing monitoring of insider transactions will be important for understanding potential market movements.
Related Filing Alerts
Source: Marc Graff'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