Ciena Corp. (NYSE:CIEN) SVP Stephen B. Alexander sold 3,500 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $22.40, for a total value of $78,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, October 17th, Stephen B. Alexander sold 3,500 shares of Ciena Corp. stock. The shares were sold at an average price of $20.72, for a total value of $72,520.00.
  • 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 value 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 value of $73,850.00.

Shares of Ciena Corp. (NYSE:CIEN) opened at 21.93 on Monday. The company has a market cap of $3.06 billion, a P/E ratio of 135.37 and a beta of 1.72. The firm has a 50-day moving average of $20.86 and a 200-day moving average of $20.11. Ciena Corp. has a 52-week low of $15.62 and a 52-week high of $25.46.

Ciena Corp. (NYSE:CIEN) last posted its quarterly earnings results on Thursday, September 1st. The company reported $0.42 earnings per share for the quarter, topping 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 for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. 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)

Several research analysts have commented on the company. MKM Partners reaffirmed a “buy” rating and set a $26.00 target price on shares of Ciena Corp. in a report on Tuesday, August 23rd. Citigroup Inc. boosted their price objective on Ciena Corp. from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Thursday, August 25th. Deutsche Bank AG boosted their price objective on Ciena Corp. from $17.00 to $18.50 and gave the company a “hold” rating in a research note on Monday, August 29th. B. Riley reissued a “buy” rating and issued a $26.50 price objective on shares of Ciena Corp. in a research note on Tuesday, August 30th. Finally, Dougherty & Co boosted their price objective on Ciena Corp. from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, September 2nd. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $25.60.

Several institutional investors have recently bought and sold shares of the company. Advisor Group Inc. increased its position in 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 in the last quarter. LS Investment Advisors LLC increased its position in 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 in the last quarter. Oakbrook Investments LLC acquired a new position in Ciena Corp. during the second quarter valued at $199,000. Clinton Group Inc. acquired a new position in Ciena Corp. during the second quarter valued at $201,000. Finally, GMT Capital Corp acquired a new position in Ciena Corp. during the third quarter valued at $205,000. 96.99% of the stock is currently owned by hedge funds and other institutional investors.

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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