Ciena Corporation (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $22.17, for a total transaction of $44,340.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, September 21st, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $21.25, for a total transaction of $42,500.00.
  • On Thursday, September 21st, James E. Moylan, Jr. sold 3,053 shares of Ciena Corporation stock. The stock was sold at an average price of $21.25, for a total transaction of $64,876.25.
  • On Thursday, September 7th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $21.78, for a total transaction of $43,560.00.
  • 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.

Ciena Corporation (NYSE:CIEN) traded down 0.05% during mid-day trading on Friday, hitting $22.21. 1,779,654 shares of the stock were exchanged. Ciena Corporation has a one year low of $18.94 and a one year high of $27.98. The company has a 50-day moving average price of $22.39 and a 200-day moving average price of $23.87. The company has a market cap of $3.17 billion, a P/E ratio of 24.30 and a beta of 1.69.

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

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Several brokerages have recently weighed in on CIEN. ValuEngine lowered shares of Ciena Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. BidaskClub lowered shares of Ciena Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of Ciena Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $32.00 price objective on shares of Ciena Corporation in a report on Friday, July 21st. Finally, William Blair reiterated a “buy” rating on shares of Ciena Corporation in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $29.53.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ciena Corporation by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,085 shares of the communications equipment provider’s stock valued at $127,000 after purchasing an additional 517 shares during the period. Fortaleza Asset Management Inc. bought a new stake in shares of Ciena Corporation during the second quarter valued at approximately $134,000. Advisor Group Inc. increased its position in shares of Ciena Corporation by 6.4% during the second quarter. Advisor Group Inc. now owns 10,011 shares of the communications equipment provider’s stock valued at $151,000 after purchasing an additional 604 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Ciena Corporation during the second quarter valued at approximately $159,000. Finally, TNB Financial bought a new stake in shares of Ciena Corporation during the second quarter valued at approximately $200,000.

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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