Ciena Corp. (NYSE:CIEN) SVP Stephen B. Alexander sold 3,500 shares of the stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $20.72, for a total transaction of $72,520.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Stephen B. Alexander also recently made the following trade(s):

  • On Wednesday, September 21st, Stephen B. Alexander sold 2,265 shares of Ciena Corp. stock. The shares were sold at an average price of $21.45, for a total transaction of $48,584.25.
  • On Thursday, September 15th, Stephen B. Alexander sold 3,500 shares of Ciena Corp. stock. The shares were sold at an average price of $21.10, for a total transaction of $73,850.00.
  • On Monday, August 15th, Stephen B. Alexander sold 3,500 shares of Ciena Corp. stock. The shares were sold at an average price of $20.84, for a total transaction of $72,940.00.

Ciena Corp. (NYSE:CIEN) opened at 20.34 on Wednesday. The stock has a 50 day moving average of $21.77 and a 200 day moving average of $19.65. Ciena Corp. has a one year low of $15.62 and a one year high of $25.46. The company has a market cap of $2.83 billion, a PE ratio of 125.56 and a beta of 1.68.

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

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parnassus Investments CA boosted its position in Ciena Corp. by 7.1% in the second quarter. Parnassus Investments CA now owns 6,000,000 shares of the company’s stock worth $112,500,000 after buying an additional 400,000 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Ciena Corp. by 8.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,922,567 shares of the company’s stock worth $73,548,000 after buying an additional 317,962 shares in the last quarter. Carlson Capital L P boosted its position in Ciena Corp. by 78.9% in the second quarter. Carlson Capital L P now owns 3,650,000 shares of the company’s stock worth $68,438,000 after buying an additional 1,610,039 shares in the last quarter. Teachers Advisors Inc. boosted its position in Ciena Corp. by 10.9% in the second quarter. Teachers Advisors Inc. now owns 3,330,951 shares of the company’s stock worth $62,455,000 after buying an additional 328,209 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Ciena Corp. by 5.9% in the second quarter. Victory Capital Management Inc. now owns 2,662,296 shares of the company’s stock worth $49,918,000 after buying an additional 147,947 shares in the last quarter. 92.48% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently weighed in on CIEN. B. Riley restated a “buy” rating and set a $28.50 price target on shares of Ciena Corp. in a research report on Sunday, September 4th. Argus restated a “buy” rating and set a $30.00 price target on shares of Ciena Corp. in a research report on Friday, September 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of Ciena Corp. in a report on Tuesday, September 6th. Deutsche Bank AG set a $20.00 price objective on shares of Ciena Corp. and gave the company a “hold” rating in a report on Sunday, September 4th. Finally, BMO Capital Markets upped their price objective on shares of Ciena Corp. to $27.00 and gave the company an “outperform” rating in a report on Friday, September 2nd. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $25.36.

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

Receive News & Stock Ratings for Ciena Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ciena Corp. and related stocks with our FREE daily email newsletter.