Ciena Corporation (NYSE:CIEN) SVP Rick Hamilton sold 524 shares of Ciena Corporation stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $21.26, for a total transaction of $11,140.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 Zacks’ consensus estimate of $0.49 by $0.02. Ciena Corporation had a net margin of 4.99% and a return on equity of 25.53%. The business had revenue of $728.70 million for the quarter, compared to analyst estimates of $726.81 million. During the same period last year, the business earned $0.42 EPS. The company’s revenue was up 8.7% on a year-over-year basis.

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A number of large investors have recently made changes to their positions in CIEN. Great West Life Assurance Co. Can raised its stake in Ciena Corporation by 5.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 82,150 shares of the communications equipment provider’s stock worth $1,938,000 after acquiring an additional 4,070 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Ciena Corporation by 23.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 101,484 shares of the communications equipment provider’s stock worth $2,396,000 after acquiring an additional 18,986 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Ciena Corporation by 219.7% during the 1st quarter. Advisors Asset Management Inc. now owns 10,871 shares of the communications equipment provider’s stock worth $257,000 after acquiring an additional 7,471 shares in the last quarter. Comerica Bank raised its stake in Ciena Corporation by 5.5% during the 1st quarter. Comerica Bank now owns 108,585 shares of the communications equipment provider’s stock worth $2,514,000 after acquiring an additional 5,642 shares in the last quarter. Finally, Swiss National Bank raised its stake in Ciena Corporation by 1.1% during the 1st quarter. Swiss National Bank now owns 229,700 shares of the communications equipment provider’s stock worth $5,423,000 after acquiring an additional 2,600 shares in the last quarter.

Several analysts have recently weighed in on CIEN shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $32.50 price target (up previously from $29.00) on shares of Ciena Corporation in a research note on Friday, June 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $30.00 price target on shares of Ciena Corporation in a research note on Friday, September 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $32.00 price target (up previously from $30.00) on shares of Ciena Corporation in a research note on Saturday, June 3rd. Argus boosted their price objective on shares of Ciena Corporation from $27.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, June 2nd. Finally, TheStreet raised shares of Ciena Corporation from a “c+” rating to a “b” rating in a research note on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Ciena Corporation currently has a consensus rating of “Buy” and a consensus target price of $29.64.

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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