Ciena Corporation (NYSE:CIEN) CEO Gary B. Smith sold 10,000 shares of Ciena Corporation stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $20.55, for a total value of $205,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Thursday, November 9th, Gary B. Smith sold 6,000 shares of Ciena Corporation stock. The shares were sold at an average price of $20.09, for a total value of $120,540.00.
  • On Tuesday, October 24th, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The shares were sold at an average price of $22.12, for a total value of $176,960.00.
  • On Wednesday, September 27th, Gary B. Smith sold 4,000 shares of Ciena Corporation stock. The stock was sold at an average price of $21.99, for a total transaction of $87,960.00.
  • On Thursday, September 28th, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The stock was sold at an average price of $22.03, for a total transaction of $176,240.00.
  • On Thursday, September 21st, Gary B. Smith sold 12,634 shares of Ciena Corporation stock. The stock was sold at an average price of $21.25, for a total transaction of $268,472.50.
  • On Wednesday, September 13th, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The stock was sold at an average price of $21.50, for a total transaction of $172,000.00.

Shares of Ciena Corporation (NYSE:CIEN) traded up $0.14 during mid-day trading on Friday, hitting $20.98. The stock had a trading volume of 676,544 shares, compared to its average volume of 3,076,620. Ciena Corporation has a 1-year low of $19.40 and a 1-year high of $27.98. The stock has a market capitalization of $2,973.62, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 0.82 and a beta of 1.64. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.92 and a quick ratio of 2.50.

Ciena Corporation (NYSE:CIEN) last issued its quarterly earnings results on Thursday, August 31st. The communications equipment provider reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Ciena Corporation had a return on equity of 25.53% and a net margin of 4.99%. The business had revenue of $728.70 million for the quarter, compared to analyst estimates of $726.81 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. equities analysts expect that Ciena Corporation will post 1.51 earnings per share for the current year.

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A number of equities analysts have commented on CIEN shares. Zacks Investment Research downgraded shares of Ciena Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 target price on shares of Ciena Corporation in a report on Friday, September 1st. BidaskClub downgraded shares of Ciena Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. William Blair reiterated a “buy” rating on shares of Ciena Corporation in a report on Thursday, August 3rd. Finally, Citigroup Inc. upgraded shares of Ciena Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.87 to $29.00 in a report on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $29.53.

Several hedge funds have recently modified their holdings of CIEN. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 worth $127,000 after acquiring an additional 517 shares during the last quarter. Fortaleza Asset Management Inc. purchased a new stake in shares of Ciena Corporation during the second quarter worth about $134,000. Advisor Group Inc. grew its stake 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 worth $151,000 after acquiring an additional 604 shares during the last quarter. Howe & Rusling Inc. purchased a new stake in shares of Ciena Corporation during the third quarter worth about $158,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Ciena Corporation during the second quarter worth about $159,000.

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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