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Needham Reiterates Buy on Ciena, Maintains $600 Price Target

Aug 26, 2026, 10:52 AMBenzinga Newsdesk

Needham analyst Ryan Koontz reiterates Ciena (NYSE:CIEN) with a Buy and maintains $600 price target.

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CIEN
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benzinga
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Aug 26, 2026, 10:52 AM
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Aug 26, 2026, 10:52 AM
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Captured once, then retained as an archive reference
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Keep reading

  1. Aug 19, 2026, 5:35 PMJohn Ballard

    Ciena CEO Sells 2,952 Shares for $1.3 Million

    Ciena CEO Gary B. Smith sold 2,952 shares worth approximately $1.3 million on August 17, 2026, under a pre-established Rule 10b5-1 trading plan adopted in October 2025. The sale represents only 1% of his total holdings, with the CEO retaining 246,030 shares valued at $109.5 million. The transaction is characterized as routine and non-concerning for investors, occurring after the stock gained 390% over the past 12 months amid strong company performance with 30% revenue growth and 61% expected earnings growth.

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