Ciena Corporation (NYSE:CIEN) CEO Gary B. Smith sold 8,000 shares of Ciena Corporation stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $21.50, for a total transaction of $172,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, August 22nd, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The shares were sold at an average price of $23.27, for a total transaction of $186,160.00.
  • On Friday, August 11th, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The shares were sold at an average price of $24.20, for a total transaction of $193,600.00.
  • On Wednesday, July 26th, Gary B. Smith sold 4,000 shares of Ciena Corporation stock. The shares were sold at an average price of $26.25, for a total transaction of $105,000.00.
  • On Thursday, July 27th, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The shares were sold at an average price of $26.07, for a total transaction of $208,560.00.
  • On Monday, July 10th, Gary B. Smith sold 4,000 shares of Ciena Corporation stock. The shares were sold at an average price of $25.84, for a total transaction of $103,360.00.
  • On Tuesday, July 11th, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The shares were sold at an average price of $25.87, for a total transaction of $206,960.00.
  • On Wednesday, June 21st, Gary B. Smith sold 12,558 shares of Ciena Corporation stock. The shares were sold at an average price of $25.31, for a total transaction of $317,842.98.

Ciena Corporation (NYSE:CIEN) traded down 1.753% on Thursday, reaching $21.575. 2,821,586 shares of the company’s stock traded hands. Ciena Corporation has a 52-week low of $18.94 and a 52-week high of $27.98. The stock has a market capitalization of $3.08 billion, a PE ratio of 23.605 and a beta of 1.68. The firm’s 50-day moving average is $24.00 and its 200 day moving average is $24.22.

Ciena Corporation (NYSE:CIEN) last released its quarterly earnings data on Thursday, August 31st. The communications equipment provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $728.70 million during the quarter, compared to the consensus estimate of $726.81 million. Ciena Corporation had a net margin of 4.99% and a return on equity of 25.53%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. Analysts forecast that Ciena Corporation will post $1.74 EPS for the current year.

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

Several institutional investors have recently made changes to their positions in CIEN. Glen Harbor Capital Management LLC increased its position in shares of Ciena Corporation by 12.1% during the 1st quarter. Glen Harbor Capital Management LLC now owns 5,280 shares of the communications equipment provider’s stock worth $125,000 after purchasing an additional 572 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ciena Corporation by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,085 shares of the communications equipment provider’s stock worth $127,000 after purchasing an additional 517 shares in the last quarter. Fortaleza Asset Management Inc. acquired a new stake in shares of Ciena Corporation during the 2nd quarter worth about $134,000. Advisor Group Inc. increased its position in shares of Ciena Corporation by 6.4% during the 2nd quarter. Advisor Group Inc. now owns 10,011 shares of the communications equipment provider’s stock worth $151,000 after purchasing an additional 604 shares in the last quarter. Finally, Elkfork Partners LLC increased its position in shares of Ciena Corporation by 12.1% during the 1st quarter. Elkfork Partners LLC now owns 6,720 shares of the communications equipment provider’s stock worth $159,000 after purchasing an additional 728 shares in the last quarter.

Ciena Corporation Company Profile

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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