Ciena Corp. (NYSE:CIEN) VP James Frodsham sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $22.21, for a total value of $44,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

James Frodsham also recently made the following trade(s):

  • On Tuesday, November 15th, James Frodsham sold 2,000 shares of Ciena Corp. stock. The shares were sold at an average price of $22.40, for a total value of $44,800.00.
  • On Wednesday, September 21st, James Frodsham sold 2,679 shares of Ciena Corp. stock. The shares were sold at an average price of $21.45, for a total value of $57,464.55.

Shares of Ciena Corp. (NYSE:CIEN) traded up 0.36% during trading on Friday, hitting $22.04. 256,471 shares of the stock traded hands. Ciena Corp. has a 12 month low of $15.61 and a 12 month high of $25.46. The stock has a market cap of $3.07 billion, a PE ratio of 136.05 and a beta of 1.72. The firm’s 50-day moving average price is $20.86 and its 200-day moving average price is $20.07.

Ciena Corp. (NYSE:CIEN) last announced its quarterly earnings data on Thursday, September 1st. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $670.60 million for the quarter, compared to the consensus estimate 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 was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $0.37 EPS. Analysts anticipate that Ciena Corp. will post $1.43 EPS for the current year.

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

A number of equities analysts have issued reports on the company. B. Riley reiterated a “buy” rating and set a $28.50 price target on shares of Ciena Corp. in a research note on Sunday, September 4th. Vetr downgraded Ciena Corp. from a “strong-buy” rating to a “buy” rating and set a $25.25 target price on the stock. in a research note on Tuesday. Argus restated a “buy” rating and issued a $30.00 target price on shares of Ciena Corp. in a research note on Friday, September 2nd. Needham & Company LLC restated a “buy” rating and issued a $30.00 target price on shares of Ciena Corp. in a research note on Tuesday, September 6th. Finally, Deutsche Bank AG set a $20.00 target price on Ciena Corp. and gave the stock a “hold” rating in a research note on Sunday, September 4th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $25.60.

Several hedge funds have recently made changes to their positions in the stock. Creative Planning increased its stake in shares of Ciena Corp. by 0.4% in the third quarter. Creative Planning now owns 24,740 shares of the company’s stock worth $539,000 after buying an additional 110 shares in the last quarter. Boothbay Fund Management LLC increased its stake in shares of Ciena Corp. by 0.4% in the first quarter. Boothbay Fund Management LLC now owns 41,636 shares of the company’s stock worth $792,000 after buying an additional 183 shares in the last quarter. State Treasurer State of Michigan increased its stake in shares of Ciena Corp. by 0.6% in the second quarter. State Treasurer State of Michigan now owns 51,900 shares of the company’s stock worth $973,000 after buying an additional 300 shares in the last quarter. Strs Ohio increased its stake in shares of Ciena Corp. by 1.6% in the third quarter. Strs Ohio now owns 19,200 shares of the company’s stock worth $418,000 after buying an additional 300 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in shares of Ciena Corp. by 5.6% in the third quarter. Advisor Group Inc. now owns 8,731 shares of the company’s stock worth $102,000 after buying an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 96.36% of the company’s stock.

About Ciena Corp.

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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