Ciena SVP Gage Brodie Sells $2 Million in Shares Amid Positive Analyst Ratings
Gage Brodie, SVP Global Products & Supply at Ciena, sold 5,000 shares for $2.025 million on March 24, 2026, maintaining 46,341 shares post-sale. The transaction was part of a Rule 10b5-1 trading plan set on July 1, 2025. Following strong quarterly results, UBS raised Ciena's price target from $230 to $285 due to increased revenue forecasts, while other analysts also increased their targets, citing strong demand for optical products and data center interconnects. Ciena presented advancements in quantum-safe communication technology at OFC 2026.
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On March 24, 2026, Gage Brodie, SVP Global Products & Supply at Ciena, sold 5,000 shares at $405.00 each, totaling $2.025 million. He retains 46,341 shares, including unallocated RSUs and PSUs. This sale was conducted under a Rule 10b5-1 trading plan initiated on July 1, 2025.
Following a strong quarterly report, UBS increased its price target for Ciena from $230 to $285, citing a 4% revenue forecast increase for FY 2026 driven by high demand for optical products. Other firms, including Rosenblatt and BofA Securities, also raised their targets, highlighting strengths in data center interconnects and margins. Additionally, Ciena and Quantum Computing Inc. showcased quantum-safe communication technology at OFC 2026, indicating strategic growth and innovation.
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