Ciena Corp. (NYSE:CIEN) CEO Gary B. Smith sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $21.94, for a total transaction of $175,520.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gary B. Smith also recently made the following trade(s):

  • On Thursday, November 3rd, Gary B. Smith sold 8,000 shares of Ciena Corp. stock. The shares were sold at an average price of $19.32, for a total transaction of $154,560.00.
  • On Thursday, October 20th, Gary B. Smith sold 8,000 shares of Ciena Corp. stock. The shares were sold at an average price of $20.35, for a total transaction of $162,800.00.
  • On Wednesday, October 5th, Gary B. Smith sold 8,000 shares of Ciena Corp. stock. The shares were sold at an average price of $21.69, for a total transaction of $173,520.00.
  • On Wednesday, September 21st, Gary B. Smith sold 8,000 shares of Ciena Corp. stock. The shares were sold at an average price of $21.65, for a total transaction of $173,200.00.
  • On Friday, September 9th, Gary B. Smith sold 8,000 shares of Ciena Corp. stock. The shares were sold at an average price of $22.10, for a total transaction of $176,800.00.
  • On Thursday, August 25th, Gary B. Smith sold 8,000 shares of Ciena Corp. stock. The shares were sold at an average price of $21.87, for a total transaction of $174,960.00.

Ciena Corp. (NYSE:CIEN) traded up 0.09% during midday trading on Monday, hitting $21.95. 1,187,477 shares of the stock traded hands. The company’s 50-day moving average is $20.86 and its 200-day moving average is $20.11. The company has a market cap of $3.06 billion, a PE ratio of 135.49 and a beta of 1.72. Ciena Corp. has a one year low of $15.62 and a one year high of $25.46.

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

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

Institutional investors have recently modified their holdings of the company. LS Investment Advisors LLC raised its position in shares of Ciena Corp. by 70.1% in the second quarter. LS Investment Advisors LLC now owns 7,664 shares of the company’s stock valued at $144,000 after buying an additional 3,159 shares during the period. Advisor Group Inc. raised its position 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 valued at $102,000 after buying an additional 460 shares during the period. GMT Capital Corp bought a new position in shares of Ciena Corp. during the third quarter valued at approximately $205,000. Tocqueville Asset Management L.P. bought a new position in shares of Ciena Corp. during the third quarter valued at approximately $207,000. Finally, Oakbrook Investments LLC bought a new position in shares of Ciena Corp. during the second quarter valued at approximately $199,000. 96.99% of the stock is owned by hedge funds and other institutional investors.

CIEN has been the subject of a number of recent analyst reports. MKM Partners restated a “buy” rating and set a $26.00 price target on shares of Ciena Corp. in a report on Tuesday, August 23rd. Citigroup Inc. raised their price target on shares of Ciena Corp. from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Thursday, August 25th. Deutsche Bank AG raised their price target on shares of Ciena Corp. from $17.00 to $18.50 and gave the stock a “hold” rating in a report on Monday, August 29th. B. Riley restated a “buy” rating and set a $26.50 price target on shares of Ciena Corp. in a report on Tuesday, August 30th. Finally, Dougherty & Co raised their price target 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. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $25.60.

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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