Insider Cluster (2 insiders) ·Filed Jul 17, 2026
Insider cluster: 2 insiders, $715K total
Actionable Insight • Neutral
This insider sell cluster is too small to be informative. Monitor for larger C-suite transactions or a material change in insider selling patterns before drawing conclusions. No immediate trading action warranted.
Latest settled — T+20d ⚠ clustered
CIEN ▲ +14.52% at T+20d
NEUTRAL call ✓ call won +14.52% · α vs SPY +10.07% · entry $374.41 → $428.77
Latest observation: T+51 +21.90% FF3 residual α
T+1d
+1.16%
call +1.16% · α +1.33%
$378.77
settled 2mo ago
T+5d
+8.85%
call +8.85% · α +9.53%
$407.53
settled 2mo ago
T+20d
+14.52%
call +14.52% · α +10.07%
$428.77
settled 7w ago
T+60d
—
call — · α —
—
in 10d
Price Chart
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Executive Summary
Two SVPs at Ciena sold a combined $715K in open-market transactions on July 15, 2026, at $449.15 per share. The total value represents just 0.0013% of the company's $55B market cap — a trivial amount that carries no material signal.
Key Financial Metrics
Direction
selling
Total Value
$714.6K
Insiders
2
Key Facts
- Two SVP-level insiders sold shares on the same day at the same price ($449.15)
- Total sales: $714,598 (1,591 shares)
- Sales represent ~0.0013% of CIEN's $55B market cap
- No C-suite executives participated in the cluster
- Sales are likely routine portfolio management or 10b5-1 plan activity
Financial Impact
Trivial — $715K vs $55B market cap
insider ownership
Risk Factors
- Insider selling could accelerate if management sees headwinds, but current data shows no such pattern
- Historical calibration on CIEN shows poor predictive power for high-score calls; low-score neutral calls have been directionless
Market Snapshot
Exchange
NYSE
Sector
Telephone & Telegraph Apparatus
Analyst Consensus
69% bullish (26 analysts)
Investment Themes
Media & Telecom
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CIEN-1784306128700 |
24 reports for CIEN
80% Hit rate best @ T+60▲ +90.31%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 29d ago | 8-K | $317.46 $349.54 | ▲ +10.11% | ▲ +11.25% | $386.33 (+21.70%) |
Aug 18, 2026 6w ago | Insider Cluster | $399.47 $404.03 | ▲ +1.14% | ▲ +1.53% | $386.33 (−3.29%) |
Jul 24, 2026 10w ago | Institutional Cluster | $390.96 $372.07 | ▼ −4.83% | ▼ −5.21% | $386.33 (−1.18%) |
Jul 17, 2026 10w ago | Insider Cluster | $374.41 $407.53 | ▲ +8.85% | ▲ +9.53% | $386.33 (+3.19%) |
Jul 17, 2026 11w ago | Insider Cluster | $374.41 $407.53 | ▲ +8.85% | ▲ +9.53% | $386.33 (+3.19%) |
Jul 6, 2026 12w ago | Insider Cluster | $418.91 $446.93 | ▲ +6.69% | ▲ +6.14% | $386.33 (−7.78%) |
Jul 6, 2026 12w ago | Insider Cluster | $418.91 $446.93 | ▲ +6.69% | ▲ +6.14% | $386.33 (−7.78%) |
Jul 6, 2026 12w ago | Insider Cluster | $418.91 $446.93 | ▲ +6.69% | ▲ +6.14% | $386.33 (−7.78%) |
Jun 30, 2026 13w ago | Insider Cluster | $490.56 $433.83 | ▼ −11.56% | ▼ −12.17% | $386.33 (−21.25%) |
Jun 24, 2026 14w ago | 144 | $484.69 $462.44 | ▼ −4.59% | ▼ −6.15% | $386.33 (−20.29%) |
Showing 10 of 24
US Market Status
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