Insider Cluster (2 insiders) ·Filed May 19, 2026
Insider cluster: 2 insiders, $2.1M total
Actionable Insight • Neutral
No material signal. Monitor for larger insider activity or changes in fundamentals; these sales are too small to be informative.
Final — all horizons settled through T+60d
CIEN ▼ -22.71% at T+60d
NEUTRAL call -22.71% · α vs SPY -27.71% · entry $554.76 → $428.77
T+1d
+5.85%
call +5.85% · α +5.66%
$587.23
settled 5mo ago
T+5d
+4.92%
call +4.92% · α +3.69%
$582.08
settled 5mo ago
T+20d
-22.81%
call -22.81% · α -23.55%
$428.22
settled 4mo ago
T+60d
-22.71%
call -22.71% · α -27.71%
$428.77
settled 2mo ago
Price Chart
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Executive Summary
Two SVPs at Ciena sold a combined $2.09M in open-market transactions. This represents ~0.003% of market cap and is well below the 0.1% materiality threshold for insider selling clusters.
Key Financial Metrics
Direction
selling
Total Value
$2.1M
Insiders
2
Key Facts
- David Rothenstein (SVP, Strategy) sold 2,500 shares at $562.39 for $1.41M
- Brodie Gage (SVP, Global Products & Supply) sold 1,200 shares at $570.65 for $685K
- Total sales of $2.09M represent negligible ~0.003% of $74.2B market cap
Financial Impact
Insider sales of $2.09M are trivial relative to $74.2B market cap
Market Snapshot
Exchange
NYSE
Sector
Telephone & Telegraph Apparatus
Analyst Consensus
72% bullish (25 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-1779229812429 |
33 reports for CIEN
63% Hit rate @ T+5 Went positive at some point 6 of 9 best @ T+60▲ +90.31%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $323.55 | awaiting T+5 | — | $335.93 (−3.83%) |
Oct 19, 2026 6d ago | Insider Cluster | $341.95 | awaiting T+5 | — | $335.93 (+1.76%) |
Oct 13, 2026 13d ago | Insider Cluster | $400.40 $341.95 | ▲ +14.60% | ▲ +13.45% | $335.93 (+16.10%) |
Sep 29, 2026 26d ago | Insider Cluster | $351.82 $446.45 | ▲ +26.90% | ▲ +24.98% | $335.93 (−4.52%) |
Sep 28, 2026 27d ago | Insider Cluster | $354.92 $443.65 | ▼ −25.00% | ▼ −23.05% | $335.93 (+5.35%) |
Sep 25, 2026 4w ago | Insider Cluster | $344.19 $389.69 | ▼ −13.22% | ▼ −12.02% | $335.93 (+2.40%) |
Sep 17, 2026 5w ago | Insider Cluster | $348.80 $356.91 | ▲ +2.33% | ▲ +1.06% | $335.93 (−3.69%) |
Sep 17, 2026 5w ago | Insider Cluster | $348.80 $356.91 | ▲ +2.33% | ▲ +1.06% | $335.93 (−3.69%) |
Sep 17, 2026 5w ago | Insider Cluster | $348.80 $356.91 | ▲ +2.33% | ▲ +1.06% | $335.93 (−3.69%) |
Sep 3, 2026 7w ago | 8-K | $317.46 $349.54 | ▲ +10.11% | ▲ +11.25% | $335.93 (+5.82%) |
Showing 10 of 33
US Market Status
Market Closed — Opens Tue (16h 41m)
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