Ciena stock price swings on S&P 500 call-up, with Feb. 9 and March 5 in focus
Ciena shares fell 0.8% to $251.41 Thursday after S&P Dow Jones Indices said it will add the company to the S&P 500, replacing Dayforce on February 9. CEO Gary B. Smith sold 2,952 shares at $265.60 each under a preset plan. Ciena will report fiscal Q1 results on March 5. About 2.7 million shares traded as investors positioned ahead of the index change.