undamentalytics Newsletter

Ciena insider trading

Every open-market purchase and sale by Ciena's officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

No insider has bought shares on the open market in five years.

Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.
Ciena insider open-market trades
DateInsiderTrade SharesPriceValue 1M after 3M after 6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following Ciena’s insiders pay?

From January 4, 2010 to September 28, 2026, 17 insiders reported 1 open-market purchase and 44 sales not made under a pre-set plan in Ciena. Twelve months after each purchase was reported, the shares were +40.5% against the S&P 500 on average (median +40.5%), over 1 purchase with a full year of prices; 100% beat the index. After sales, the shares moved −5.7% against the index over 12 months (a negative figure means selling was the right call). That rests on fewer than 20 purchases, too few to read much into. Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on October 16, 2014 into $14,348 by November 2, 2026, +3.0% a year. It held shares 1% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $14,383 (+3.1% a year), and held throughout $49,561 (+14.3%).

$0$20.0k$40.0k 2014201620182020202220242026 $49.6k$14.4k$14.3k
Copying Ciena's insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by Ciena's insiders from October 16, 2014, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 1% of the time.
Ciena: each insider's record
InsiderRolePurchases12 months after their purchasesBeat the S&P 500Sales12 months after their salesLatest report
Frodsham James SR. VP, Chief Strategy Officer 0 — — 13 −18.2% (13) September 18, 2015
Cash Harvey B Director 0 — — 4 −13.0% (4) January 9, 2017
Claflin Bruce L. Director 0 — — 3 +153.3% (2) September 28, 2026
Moylan James E Jr SVP Finance, CFO 1 +40.5% (1) 100% 2 −12.5% (2) October 22, 2015
Petrik Andrew C VP, CONTROLLER 0 — — 3 +18.3% (3) June 26, 2014
Gallagher Patrick Director 0 — — 2 −44.4% (2) April 6, 2011
Locoh-Donou Francois Senior Vice President 0 — — 2 −0.1% (2) December 29, 2011
Mcfeely Scott SVP, Networking Platforms 0 — — 2 −27.3% (2) December 27, 2021
Nevens Thomas Michael Director 0 — — 2 — September 25, 2026
Rothenstein David M Sr. VP, General Counsel 0 — — 2 +7.8% (2) April 16, 2012
Smith Gary B President, CEO 0 — — 2 −25.6% (2) July 25, 2022
Starke Marcus H SVP, Chief Marketing Officer 0 — — 2 −8.5% (2) September 7, 2016
Alexander Stephen B Sr VP Chief Technology Officer 0 — — 1 −20.0% (1) October 19, 2011
Aquino Michael Gerald Sr VP, Global Field Operations 0 — — 1 −46.5% (1) December 21, 2010
Cumello Joseph SVP and General Manager of 0 — — 1 −8.9% (1) February 7, 2023
Obrien Judith M Director 0 — — 1 +15.0% (1) June 11, 2019
Rowny Michael J Director 0 — — 1 −23.8% (1) April 3, 2014

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

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