Ciena Corp. (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of Ciena Corp. stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $22.03, for a total value of $44,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

James E. Moylan, Jr. also recently made the following trade(s):

  • On Thursday, September 22nd, James E. Moylan, Jr. sold 2,000 shares of Ciena Corp. stock. The stock was sold at an average price of $22.05, for a total value of $44,100.00.
  • On Thursday, September 8th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corp. stock. The stock was sold at an average price of $22.75, for a total value of $45,500.00.
  • On Thursday, August 25th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corp. stock. The stock was sold at an average price of $21.79, for a total value of $43,580.00.
  • On Thursday, August 11th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corp. stock. The stock was sold at an average price of $20.54, for a total value of $41,080.00.
  • On Thursday, July 28th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corp. stock. The stock was sold at an average price of $18.55, for a total value of $37,100.00.
  • On Thursday, July 14th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corp. stock. The stock was sold at an average price of $19.92, for a total value of $39,840.00.

Ciena Corp. (NYSE:CIEN) opened at 21.42 on Wednesday. Ciena Corp. has a 52-week low of $15.62 and a 52-week high of $25.46. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 132.22 and a beta of 1.68. The firm has a 50-day moving average of $21.94 and a 200 day moving average of $19.58.

Ciena Corp. (NYSE:CIEN) last released its quarterly earnings results on Thursday, September 1st. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The firm had revenue of $670.60 million for the quarter, compared to analyst estimates of $672.23 million. Ciena Corp. had a net margin of 0.86% and a return on equity of 22.41%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 earnings per share. On average, equities research analysts forecast that Ciena Corp. will post $1.43 earnings per share for the current year.

Insider Buying and Selling by Quarter for Ciena Corp. (NYSE:CIEN)

A number of brokerages have issued reports on CIEN. B. Riley reissued a “buy” rating and issued a $28.50 target price on shares of Ciena Corp. in a report on Sunday, September 4th. Argus reissued a “buy” rating and issued a $30.00 target price on shares of Ciena Corp. in a report on Friday, September 2nd. BMO Capital Markets raised their target price on shares of Ciena Corp. to $27.00 and gave the stock an “outperform” rating in a report on Friday, September 2nd. Dougherty & Co raised their target price on shares of Ciena Corp. from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, September 2nd. Finally, Jefferies Group raised their target price on shares of Ciena Corp. from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 2nd. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $25.36.

A number of institutional investors have recently added to or reduced their stakes in CIEN. Oregon Public Employees Retirement Fund raised its position in Ciena Corp. by 2.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 43,337 shares of the company’s stock worth $945,000 after buying an additional 891 shares during the period. First Mercantile Trust Co. raised its position in Ciena Corp. by 19.1% in the third quarter. First Mercantile Trust Co. now owns 55,400 shares of the company’s stock worth $1,208,000 after buying an additional 8,900 shares during the period. Macquarie Group Ltd. purchased a new position in Ciena Corp. during the second quarter worth approximately $1,327,000. Mason Street Advisors LLC purchased a new position in Ciena Corp. during the second quarter worth approximately $1,106,000. Finally, Front Street Capital Management Inc. purchased a new position in Ciena Corp. during the second quarter worth approximately $1,790,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Ciena Corp. Company Profile

Ciena Corporation is a network specialist that focuses on providing communications networking solutions. The Company operates through four segments: Converged Packet Optical, Packet Networking, Optical Transport, and Software and Services. Its Converged Packet Optical portfolio includes networking solutions optimized for the convergence of coherent optical transport, optical transport network (OTN) switching and packet switching.

5 Day Chart for NYSE:CIEN

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