SVP Cumello Joseph sold 11,929 shares of CIEN at $229.82 on 2026-01-12 (11.9K shares, $2.7M), reducing holdings to 49,475 shares.
Cumello Joseph, SVP and General Manager of Blue Planet at Ciena, sold 11,929 shares at $229.82, representing a 19.4% reduction in his shareholdings. The transaction occurred when the stock was trading at $229.82, which is 5.0% below the 52-week high of $259.27, and came as the stock has appreciated 46.1% over the past 90 days and 12.8% over the past 30 days. Ciena's fundamentals show strong recent momentum with annual revenue growth of 18.8% and a market cap of $34.7B, though the P/E of 283.24 reflects elevated valuation relative to the $50.3M latest quarterly net income. The sale reduces but does not eliminate his material stake in the company.