Ciena Co. (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of the stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $42.00, for a total transaction of $84,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, June 25th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $42.50, for a total transaction of $85,000.00.
  • On Tuesday, June 11th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $44.36, for a total transaction of $88,720.00.
  • On Tuesday, May 28th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $35.24, for a total transaction of $70,480.00.
  • On Tuesday, May 14th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $33.37, for a total transaction of $66,740.00.
  • On Tuesday, April 16th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $38.65, for a total transaction of $77,300.00.

Shares of CIEN opened at $44.08 on Friday. The company’s 50 day simple moving average is $41.13. The company has a market cap of $6.84 billion, a P/E ratio of 39.36, a PEG ratio of 1.47 and a beta of 1.13. Ciena Co. has a 12-month low of $25.18 and a 12-month high of $46.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.83 and a quick ratio of 2.36.

Ciena (NYSE:CIEN) last posted its quarterly earnings results on Thursday, June 6th. The communications equipment provider reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.07. Ciena had a return on equity of 12.37% and a net margin of 5.98%. The company had revenue of $865.00 million for the quarter, compared to analysts’ expectations of $818.23 million. During the same period in the previous year, the firm earned $0.23 EPS. The firm’s revenue was up 18.5% compared to the same quarter last year. On average, equities research analysts predict that Ciena Co. will post 1.72 EPS for the current year.

Several brokerages have recently weighed in on CIEN. Zacks Investment Research cut shares of Haynes International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Nomura lowered their price objective on shares of Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, June 7th. Rosenblatt Securities reiterated a “hold” rating and issued a $38.00 price objective on shares of Ciena in a research note on Monday, June 3rd. Citigroup began coverage on shares of UBISOFT ENTMT S/ADR in a research note on Friday, June 7th. They issued a “buy” rating on the stock. Finally, Northland Securities reiterated a “buy” rating and issued a $42.00 price objective on shares of Ciena in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $45.83.

Institutional investors have recently added to or reduced their stakes in the company. Clearbridge Investments LLC raised its position in shares of Ciena by 83.9% during the first quarter. Clearbridge Investments LLC now owns 2,321 shares of the communications equipment provider’s stock valued at $87,000 after buying an additional 1,059 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Ciena during the first quarter valued at approximately $13,802,000. Piedmont Investment Advisors Inc. raised its position in shares of Ciena by 30.7% during the first quarter. Piedmont Investment Advisors Inc. now owns 8,166 shares of the communications equipment provider’s stock valued at $305,000 after buying an additional 1,917 shares during the last quarter. Northern Trust Corp raised its position in shares of Ciena by 1.3% during the first quarter. Northern Trust Corp now owns 3,124,045 shares of the communications equipment provider’s stock valued at $116,652,000 after buying an additional 41,253 shares during the last quarter. Finally, Global Financial Private Capital LLC bought a new stake in shares of Ciena during the first quarter valued at approximately $1,091,000. Hedge funds and other institutional investors own 92.91% of the company’s stock.

About Ciena

Ciena Corporation provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice 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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