Investing

24/7 Wall St. Most Overpaid CEO Of The Day: Ciena (CIEN) CEO Gary Smith

Cammonopoly_wideweb__430x3250Shares in Ciena (CIEN), a communications equipment company, fell 25% today to a new 52-week low of $13. The period high was $49.55.

As part of its earnings announcement, Ciena said the future looks grim. The firm forecast revenue in its current, fiscal fourth quarter in a range of $190 million to $210 million, dramatically below the market’s prediction of $264 million according to Reuters Estimates

Ciena CEO Gary Smith has done quite well lately. In the company’s last fiscal year, he had a base salary of almost $510,000 and total compensation of over $3.2 million.

Smith will probably do just fine this year as well, especially for someone whose company has lost 70% of its market cap.

Douglas A. McIntyre

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.