Ciena Corporation (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $21.78, for a total transaction of $43,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, August 10th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $24.65, for a total transaction of $49,300.00.
  • On Thursday, July 27th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $26.24, for a total transaction of $52,480.00.
  • On Thursday, July 13th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $26.20, for a total transaction of $52,400.00.
  • On Thursday, June 29th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $26.04, for a total transaction of $52,080.00.

Ciena Corporation (NYSE:CIEN) traded up 0.32% during trading on Friday, hitting $21.72. 2,895,171 shares of the company traded hands. Ciena Corporation has a 52-week low of $18.94 and a 52-week high of $27.98. The company’s 50-day moving average is $24.37 and its 200 day moving average is $24.32. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 28.69 and a beta of 1.68.

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

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A number of analysts recently commented on the stock. Stifel Nicolaus upgraded shares of Ciena Corporation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $24.00 to $28.00 in a research note on Monday, May 22nd. Instinet reiterated a “buy” rating and issued a $30.00 target price (up from $27.00) on shares of Ciena Corporation in a research note on Saturday, June 3rd. ValuEngine upgraded shares of Ciena Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Nomura lowered their target price on shares of Ciena Corporation from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, September 1st. Finally, UBS AG reiterated a “buy” rating and issued a $31.00 target price (up from $29.00) on shares of Ciena Corporation in a research note on Monday, June 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $29.79.

Institutional investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. acquired a new stake in shares of Ciena Corporation in the first quarter valued at $106,000. Glen Harbor Capital Management LLC lifted its holdings in shares of Ciena Corporation by 12.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,280 shares of the communications equipment provider’s stock valued at $125,000 after buying an additional 572 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ciena Corporation by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,085 shares of the communications equipment provider’s stock valued at $127,000 after buying an additional 517 shares during the period. Fortaleza Asset Management Inc. acquired a new stake in shares of Ciena Corporation in the second quarter valued at $134,000. Finally, Advisor Group Inc. lifted its holdings in shares of Ciena Corporation by 6.4% in the second quarter. Advisor Group Inc. now owns 10,011 shares of the communications equipment provider’s stock valued at $151,000 after buying an additional 604 shares during the period.

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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