Ciena Corp. (NYSE:CIEN) CEO Gary B. Smith sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $21.68, for a total transaction of $173,440.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, November 18th, Gary B. Smith sold 8,000 shares of Ciena Corp. stock. The stock was sold at an average price of $21.94, for a total transaction of $175,520.00.
  • On Thursday, November 3rd, Gary B. Smith sold 8,000 shares of Ciena Corp. stock. The stock was sold at an average price of $19.32, for a total transaction of $154,560.00.
  • On Thursday, October 20th, Gary B. Smith sold 8,000 shares of Ciena Corp. stock. The stock was sold at an average price of $20.35, for a total transaction of $162,800.00.
  • On Wednesday, October 5th, Gary B. Smith sold 8,000 shares of Ciena Corp. stock. The stock was sold at an average price of $21.69, for a total transaction of $173,520.00.
  • On Wednesday, September 21st, Gary B. Smith sold 8,000 shares of Ciena Corp. stock. The stock was sold at an average price of $21.65, for a total transaction of $173,200.00.
  • On Friday, September 9th, Gary B. Smith sold 8,000 shares of Ciena Corp. stock. The stock was sold at an average price of $22.10, for a total transaction of $176,800.00.

Ciena Corp. (NYSE:CIEN) traded down 0.97% on Wednesday, reaching $21.45. 2,376,461 shares of the company were exchanged. Ciena Corp. has a 12-month low of $15.62 and a 12-month high of $25.22. The stock has a 50 day moving average of $20.83 and a 200 day moving average of $20.45. The firm has a market capitalization of $2.99 billion, a PE ratio of 132.41 and a beta of 1.72.

Ciena Corp. (NYSE:CIEN) last announced its quarterly earnings data on Thursday, September 1st. The company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. The business had revenue of $670.60 million for the quarter, compared to analyst estimates of $672.23 million. Ciena Corp. had a net margin of 0.86% and a return on equity of 22.41%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Equities analysts anticipate that Ciena Corp. will post $1.43 EPS for the current year.

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

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CIEN has been the subject of several recent research reports. B. Riley reissued a “buy” rating and set a $28.50 target price on shares of Ciena Corp. in a research note on Sunday, September 4th. Dougherty & Co increased their target price on shares of Ciena Corp. from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, September 2nd. Argus reissued a “buy” rating and set a $30.00 target price on shares of Ciena Corp. in a research note on Friday, September 2nd. Jefferies Group increased their target price on shares of Ciena Corp. from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 2nd. Finally, MKM Partners reissued a “buy” rating and set a $26.00 target price on shares of Ciena Corp. in a research note on Tuesday, August 23rd. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Ciena Corp. presently has an average rating of “Buy” and a consensus price target of $25.60.

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Ciena Corp. by 6.9% in the first quarter. Geode Capital Management LLC now owns 814,749 shares of the company’s stock worth $15,495,000 after buying an additional 52,291 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Ciena Corp. by 16.2% in the first quarter. Envestnet Asset Management Inc. now owns 42,226 shares of the company’s stock worth $803,000 after buying an additional 5,883 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Ciena Corp. by 4.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 202,292 shares of the company’s stock worth $3,848,000 after buying an additional 8,928 shares in the last quarter. Gateway Investment Advisers LLC acquired a new stake in shares of Ciena Corp. during the second quarter worth approximately $466,000. Finally, Capstone Asset Management Co. raised its stake in shares of Ciena Corp. by 18.2% in the second quarter. Capstone Asset Management Co. now owns 13,160 shares of the company’s stock worth $247,000 after buying an additional 2,030 shares in the last quarter. 96.91% of the stock is currently owned by institutional investors and hedge funds.

About Ciena Corp.

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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