**The following is a news article based on the provided SEC Form 4 report:**

CIENA President & CEO Gary Smith sells $1,027,355 in company stock

Gary B. Smith, President and CEO of CIENA Corp (NASDAQ:CIEN), disposed of 2,952 shares of the company’s common stock on October 15, 2026. The total value of the transaction amounted to $1,027,355.

The shares were sold at a weighted average price of $348.0203. Individual sales prices for these transactions ranged from $333.5900 to $357.5075. The timing comes as CIENA shares have declined 18% over the past week and are down 34% over six months, though the stock has still delivered a strong 95% return over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value.

This sale was executed in accordance with a Rule 10b5-1 trading plan, which Mr. Smith had established on October 4, 2025. Following this transaction, Mr. Smith beneficially owns 225,455 shares of CIENA common stock. This reported amount includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). For deeper insights into CIENA’s valuation and 18 additional InvestingPro Tips, investors can access the comprehensive Pro Research Report, available for CIEN and 1,400+ other US equities.

In other recent news, Ciena reported quarterly revenue of $1.67 billion, marking a 37% increase year-over-year and surpassing the consensus estimate of $1.64 billion. The company’s adjusted operating margin reached 22.5%, which was significantly above the consensus of 19.8%. Ciena’s adjusted earnings per share were $2.11, a substantial 215% increase from the previous year, exceeding the consensus estimate by $0.38. Stifel reiterated a Buy rating with a $615 price target following these results and Ciena’s fiscal 2027 guidance. Meanwhile, TD Cowen maintained a Buy rating with a $400 price target, citing a projected compound annual growth rate of over 30% through 2029. Morgan Stanley increased its price target to $450 from $425, reflecting higher earnings projections due to accelerating cloud demand. Conversely, UBS lowered its price target to $394 from $508, citing margin concerns while raising earnings per share estimates for fiscal years 2027 and 2028. These developments highlight the varied perspectives from analysts on Ciena’s future performance.