Ciena Executives Sell Millions in Shares Amid AI and Cloud Demand Surge

AI network equipment provider Ciena Corp (CIEN) disclosed that three executives, including its Senior Vice President and Chief Strategy Officer, sold company shares in the U.S. market on January 9 and 12 under pre-established Rule 10b5-1 plans. On January 12, SVP and Blue Planet head Joseph Cumello and executive Patrick Gallagher each disposed of more than 10,000 common shares, realizing approximately $2.74 million and $2.64 million—around KRW 3.6 billion and KRW 3.4 billion, respectively. On January 9, SVP and Chief Strategy Officer David Rothenstein sold about 2,500 shares for roughly $540,000 (about KRW 700 million). All three continue to hold equity stakes worth tens of millions of dollars following these sales.

Supported by rising demand for AI and cloud infrastructure, Ciena’s stock has climbed about 43% over the past three months, significantly outperforming peers and the S&P 500. Earlier this month, it hit a 52-week intraday high of $248.11. (Source: investing.com)

For fiscal 2026, Ciena projects revenue of $5.7–6.1 billion, pointing to a roughly $5 billion order backlog and increasing data center and AI network orders as growth drivers. (Source: zacks.com)

Headquartered in Maryland, Ciena supplies optical communications, networking equipment, and software to carriers and cloud providers, offering high-speed optical transport systems and automation solutions. It continues to engage with the financial community: on January 13, SVP and Chief Strategy Officer David Rothenstein will present at the 28th Needham Growth Conference. (Source: nasdaq.com)