Ciena Co. (NYSE:CIEN) CEO Gary B. Smith sold 9,600 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $32.74, for a total transaction of $314,304.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Friday, November 2nd, Gary B. Smith sold 9,600 shares of Ciena stock. The shares were sold at an average price of $31.65, for a total transaction of $303,840.00.
  • On Thursday, October 18th, Gary B. Smith sold 4,800 shares of Ciena stock. The shares were sold at an average price of $31.11, for a total transaction of $149,328.00.
  • On Thursday, October 4th, Gary B. Smith sold 9,600 shares of Ciena stock. The shares were sold at an average price of $30.04, for a total transaction of $288,384.00.
  • On Wednesday, September 19th, Gary B. Smith sold 9,600 shares of Ciena stock. The shares were sold at an average price of $30.57, for a total transaction of $293,472.00.
  • On Friday, September 7th, Gary B. Smith sold 9,600 shares of Ciena stock. The shares were sold at an average price of $31.14, for a total transaction of $298,944.00.
  • On Wednesday, August 22nd, Gary B. Smith sold 9,600 shares of Ciena stock. The shares were sold at an average price of $27.17, for a total transaction of $260,832.00.

NYSE:CIEN traded up $0.90 on Thursday, hitting $33.84. 3,706,681 shares of the company’s stock were exchanged, compared to its average volume of 3,039,170. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.97 and a quick ratio of 1.76. Ciena Co. has a 52 week low of $19.40 and a 52 week high of $35.04. The stock has a market capitalization of $4.76 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21.

Ciena (NYSE:CIEN) last issued its quarterly earnings results on Thursday, August 30th. The communications equipment provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.36 by $0.12. The firm had revenue of $818.82 million for the quarter, compared to analysts’ expectations of $792.28 million. Ciena had a net margin of 25.56% and a return on equity of 8.56%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. On average, analysts anticipate that Ciena Co. will post 1.1 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of CIEN. Principal Financial Group Inc. raised its holdings in shares of Ciena by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 633,121 shares of the communications equipment provider’s stock valued at $16,398,000 after purchasing an additional 21,023 shares during the period. Bank of Montreal Can raised its holdings in shares of Ciena by 127.0% in the 2nd quarter. Bank of Montreal Can now owns 215,384 shares of the communications equipment provider’s stock valued at $5,711,000 after purchasing an additional 120,519 shares during the period. Essex Investment Management Co. LLC bought a new stake in shares of Ciena in the 2nd quarter valued at about $280,000. Oakbrook Investments LLC acquired a new position in Ciena in the 2nd quarter valued at about $292,000. Finally, Exane Derivatives acquired a new position in Ciena in the 2nd quarter valued at about $190,000.

Several equities research analysts recently commented on the stock. MED cut shares of Ciena from a “buy” rating to a “$26.20” rating and cut their price objective for the company from $29.00 to $27.00 in a research report on Wednesday, July 18th. They noted that the move was a valuation call. UBS Group boosted their price objective on shares of Ciena from $27.00 to $29.50 and gave the company a “buy” rating in a research report on Thursday, July 26th. ValuEngine cut shares of Ciena from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Rosenblatt Securities cut shares of Ciena from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research report on Wednesday, July 18th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Ciena in a research report on Wednesday, August 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $32.74.

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Ciena Company Profile

Ciena Corporation provides hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching.

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

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