Ciena Corporation (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $21.78, for a total value of $43,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, August 10th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The shares were sold at an average price of $24.65, for a total value of $49,300.00.
  • On Thursday, July 27th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The shares were sold at an average price of $26.24, for a total value of $52,480.00.
  • On Thursday, July 13th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The shares were sold at an average price of $26.20, for a total value of $52,400.00.
  • On Thursday, June 29th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The shares were sold at an average price of $26.04, for a total value of $52,080.00.

Shares of Ciena Corporation (CIEN) opened at 21.72 on Friday. Ciena Corporation has a 1-year low of $18.94 and a 1-year high of $27.98. The firm’s 50 day moving average is $24.25 and its 200-day moving average is $24.30. The company has a market cap of $3.08 billion, a PE ratio of 28.69 and a beta of 1.68.

Ciena Corporation (NYSE:CIEN) last posted its quarterly earnings data on Thursday, August 31st. The communications equipment provider reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The firm had revenue of $728.70 million for the quarter, compared to analysts’ expectations of $726.81 million. Ciena Corporation had a net margin of 4.99% and a return on equity of 25.53%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. Equities analysts expect that Ciena Corporation will post $1.74 earnings per share for the current year.

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A number of equities analysts recently commented on the company. Stifel Nicolaus upgraded Ciena Corporation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $24.00 to $28.00 in a report on Monday, May 22nd. Instinet reiterated a “buy” rating and set a $30.00 price target (up previously from $27.00) on shares of Ciena Corporation in a report on Saturday, June 3rd. ValuEngine upgraded Ciena Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Nomura reduced their price target on Ciena Corporation from $30.00 to $28.00 and set a “buy” rating for the company in a report on Friday, September 1st. Finally, UBS AG reiterated a “buy” rating and set a $31.00 price target (up previously from $29.00) on shares of Ciena Corporation in a report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $29.79.

Institutional investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. purchased a new stake in shares of Ciena Corporation during the 1st quarter valued at $106,000. Glen Harbor Capital Management LLC raised its position in Ciena Corporation by 12.1% in the 1st quarter. Glen Harbor Capital Management LLC now owns 5,280 shares of the communications equipment provider’s stock worth $125,000 after purchasing an additional 572 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ciena Corporation by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,085 shares of the communications equipment provider’s stock worth $127,000 after purchasing an additional 517 shares during the period. Fortaleza Asset Management Inc. purchased a new position in Ciena Corporation in the 2nd quarter worth $134,000. Finally, Advisor Group Inc. raised its position in Ciena Corporation by 6.4% in the 2nd quarter. Advisor Group Inc. now owns 10,011 shares of the communications equipment provider’s stock worth $151,000 after purchasing an additional 604 shares during the period.

Ciena Corporation Company Profile

Ciena Corporation is a network strategy and technology company, which provides solutions that enable a range of network operators to adopt communication architectures and deliver an array of services, relied upon by enterprise and consumer end users. It provides equipment, software and services that support the transport, switching, aggregation, service delivery and management of voice, video and data traffic on communications networks.

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

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