Ciena Corporation (NYSE:CIEN) CEO Gary B. Smith sold 12,634 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $21.25, for a total value of $268,472.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Wednesday, September 13th, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The shares were sold at an average price of $21.50, for a total value of $172,000.00.
  • On Tuesday, August 22nd, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The shares were sold at an average price of $23.27, for a total value of $186,160.00.
  • On Friday, August 11th, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The shares were sold at an average price of $24.20, for a total value of $193,600.00.
  • On Wednesday, July 26th, Gary B. Smith sold 4,000 shares of Ciena Corporation stock. The shares were sold at an average price of $26.25, for a total value of $105,000.00.
  • On Thursday, July 27th, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The shares were sold at an average price of $26.07, for a total value of $208,560.00.
  • On Monday, July 10th, Gary B. Smith sold 4,000 shares of Ciena Corporation stock. The shares were sold at an average price of $25.84, for a total value of $103,360.00.
  • On Tuesday, July 11th, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The shares were sold at an average price of $25.87, for a total value of $206,960.00.

Ciena Corporation (NYSE:CIEN) traded up 0.89% on Friday, hitting $21.57. The stock had a trading volume of 2,178,797 shares. Ciena Corporation has a 1-year low of $18.94 and a 1-year high of $27.98. The firm has a market cap of $3.08 billion, a P/E ratio of 23.60 and a beta of 1.68. The firm’s 50-day moving average price is $23.44 and its 200-day moving average price is $24.06.

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

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CIEN has been the topic of several research reports. MKM Partners reissued a “buy” rating and set a $32.00 price target (up from $30.00) on shares of Ciena Corporation in a research report on Friday, June 2nd. Deutsche Bank AG reissued a “hold” rating and set a $24.00 price target (up from $23.00) on shares of Ciena Corporation in a research report on Saturday, June 3rd. Instinet reissued a “buy” rating and set a $30.00 price target (up from $27.00) on shares of Ciena Corporation in a research report on Saturday, June 3rd. BMO Capital Markets reissued an “outperform” rating and set a $32.00 price target (up from $30.00) on shares of Ciena Corporation in a research report on Saturday, June 3rd. Finally, B. Riley reissued a “buy” rating and set a $34.00 price target on shares of Ciena Corporation in a research report on Sunday, June 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Ciena Corporation presently has a consensus rating of “Buy” and an average price target of $29.79.

Institutional investors and hedge funds have recently modified their holdings of the business. Capstone Asset Management Co. raised its position in shares of Ciena Corporation by 5.1% during the first quarter. Capstone Asset Management Co. now owns 10,360 shares of the communications equipment provider’s stock worth $245,000 after acquiring an additional 500 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Ciena Corporation by 5.2% during the first quarter. Great West Life Assurance Co. Can now owns 82,150 shares of the communications equipment provider’s stock worth $1,938,000 after acquiring an additional 4,070 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Ciena Corporation by 23.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 101,484 shares of the communications equipment provider’s stock worth $2,396,000 after acquiring an additional 18,986 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Ciena Corporation by 219.7% during the first quarter. Advisors Asset Management Inc. now owns 10,871 shares of the communications equipment provider’s stock worth $257,000 after acquiring an additional 7,471 shares during the last quarter. Finally, Comerica Bank raised its position in shares of Ciena Corporation by 5.5% during the first quarter. Comerica Bank now owns 108,585 shares of the communications equipment provider’s stock worth $2,514,000 after acquiring an additional 5,642 shares during the last quarter.

About Ciena Corporation

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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