low
Sell
11,618 shares
$2,642,486
Significance
4/10
Director Gallagher sells 11,618 CIEN shares at $227.45; holds 50,184 shares post-transaction
Director Patrick Gallagher sold 11,618 shares of CIENA at $227.45 on 2026-01-12, reducing his holdings by 18.8% from 61,802 to 50,184 shares. The sale realized $2,642,486.22. Ciena's stock has appreciated sharply in recent periods (90-day change: +46.1%, 30-day change: +12.8%) following solid operational performance (annual revenue growth: +18.8%, latest quarter revenue: $1,219,385,000.00). The transaction price of $227.45 sits 5.0% below the 52-week high of $259.27, suggesting the sale did not occur at peak valuation. The director retains a substantial 50,184-share position, indicating continued equity stake alignment despite the reduction.