Ciena Co. (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $38.65, for a total value of $77,300.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, April 2nd, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $37.88, for a total value of $75,760.00.
  • On Tuesday, March 19th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $39.34, for a total value of $78,680.00.
  • On Tuesday, March 5th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $43.38, for a total value of $86,760.00.
  • On Tuesday, February 5th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $37.91, for a total value of $75,820.00.
  • On Tuesday, January 22nd, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $38.68, for a total value of $77,360.00.

Shares of CIEN stock opened at $38.43 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.98 and a quick ratio of 2.52. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 34.31, a P/E/G ratio of 1.49 and a beta of 1.03. Ciena Co. has a 12-month low of $22.99 and a 12-month high of $45.70.

Ciena (NYSE:CIEN) last issued its quarterly earnings data on Tuesday, March 5th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The firm had revenue of $778.53 million during the quarter, compared to the consensus estimate of $761.62 million. Ciena had a net margin of 5.03% and a return on equity of 10.73%. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. On average, sell-side analysts anticipate that Ciena Co. will post 1.54 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Ciena by 9.6% in the fourth quarter. BlackRock Inc. now owns 17,899,503 shares of the communications equipment provider’s stock valued at $606,974,000 after buying an additional 1,561,445 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Ciena by 1.9% in the third quarter. Vanguard Group Inc. now owns 12,969,428 shares of the communications equipment provider’s stock valued at $405,165,000 after buying an additional 240,201 shares in the last quarter. Vanguard Group Inc raised its position in shares of Ciena by 1.9% in the third quarter. Vanguard Group Inc now owns 12,969,428 shares of the communications equipment provider’s stock valued at $405,165,000 after buying an additional 240,201 shares in the last quarter. Northern Trust Corp raised its position in shares of Ciena by 14.3% in the fourth quarter. Northern Trust Corp now owns 3,082,792 shares of the communications equipment provider’s stock valued at $104,538,000 after buying an additional 384,973 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Ciena by 3,337.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,908,421 shares of the communications equipment provider’s stock valued at $56,000 after buying an additional 1,852,903 shares in the last quarter. Hedge funds and other institutional investors own 93.33% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut Ciena from a “buy” rating to a “hold” rating in a report on Wednesday, December 19th. Northland Securities set a $32.00 target price on Ciena and gave the stock a “buy” rating in a report on Thursday, December 20th. JPMorgan Chase & Co. set a $45.00 target price on Ciena and gave the stock a “buy” rating in a report on Friday, March 22nd. Dougherty & Co increased their target price on Ciena from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Bank of America cut Ciena from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a report on Wednesday, January 30th. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $42.30.

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About Ciena

Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Converged Packet Optical; Packet Networking; Optical Transport; and Software and Services. The Converged Packet Optical segment develops and sells optical processors, switching systems, and operating system software.

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