Ciena Slides Nearly 9% as Analyst Trims Target, CFO Sells $2.15 Million in Stock
AI-networking equipment name gives back gains on a price-target cut, with insider disposals across the tape adding to a broader signal of executive profit-taking
Ciena shares fell almost 9% after an analyst reduced his price target on the optical networking supplier, a move compounded by disclosure that CFO Marc Graff sold $2.15 million in company stock. The session formed part of a wider pattern of heavy insider selling across mid-cap issuers.
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