Ciena Corporation (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $20.46, for a total value of $40,920.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Thursday, October 19th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The shares were sold at an average price of $21.10, for a total value of $42,200.00.
  • On Thursday, September 21st, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The shares were sold at an average price of $21.25, for a total value of $42,500.00.
  • On Thursday, September 21st, James E. Moylan, Jr. sold 3,053 shares of Ciena Corporation stock. The shares were sold at an average price of $21.25, for a total value of $64,876.25.
  • On Thursday, September 7th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The shares were sold at an average price of $21.78, for a total value of $43,560.00.
  • 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.

Ciena Corporation (CIEN) opened at $19.96 on Wednesday. Ciena Corporation has a 12 month low of $19.52 and a 12 month high of $27.98. The company has a market capitalization of $2,910.84, a price-to-earnings ratio of 14.78, a PEG ratio of 0.76 and a beta of 1.64. The company has a quick ratio of 2.50, a current ratio of 2.92 and a debt-to-equity ratio of 0.99.

Ciena Corporation (NYSE:CIEN) last announced its quarterly earnings results on Thursday, August 31st. The communications equipment provider reported $0.51 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 business had revenue of $728.70 million for the quarter, compared to analyst estimates of $726.81 million. During the same quarter in the prior year, the company posted $0.42 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. sell-side analysts expect that Ciena Corporation will post 1.51 earnings per share for the current year.

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Institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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 valued at $127,000 after purchasing an additional 517 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new position in shares of Ciena Corporation in the 2nd quarter valued at $134,000. Acadian Asset Management LLC acquired a new position in shares of Ciena Corporation in the 2nd quarter valued at $159,000. Howe & Rusling Inc. acquired a new position in shares of Ciena Corporation in the 3rd quarter valued at $158,000. Finally, TNB Financial acquired a new position in Ciena Corporation during the 2nd quarter worth about $200,000.

A number of analysts have recently commented on the company. BMO Capital Markets restated a “buy” rating on shares of Ciena Corporation in a research report on Friday, October 27th. Stifel Nicolaus restated a “buy” rating on shares of Ciena Corporation in a research report on Friday, November 3rd. Nomura cut their price objective on Ciena Corporation from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, September 1st. MKM Partners reiterated a “buy” rating on shares of Ciena Corporation in a research report on Thursday, August 31st. Finally, B. Riley reiterated a “buy” rating and set a $34.25 price target on shares of Ciena Corporation in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $29.53.

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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