Ciena Corporation (NYSE:CIEN) CEO Gary B. Smith sold 12,634 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $21.25, for a total transaction of $268,472.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Wednesday, September 13th, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The shares were sold at an average price of $21.50, for a total transaction of $172,000.00.
  • 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.

Shares of Ciena Corporation (NYSE:CIEN) opened at 21.57 on Friday. The company has a market capitalization of $3.08 billion, a P/E ratio of 23.60 and a beta of 1.68. Ciena Corporation has a 12 month low of $18.94 and a 12 month high of $27.98. The stock’s 50 day moving average is $23.44 and its 200 day moving average is $24.06.

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, beating the consensus estimate of $0.49 by $0.02. The business had revenue of $728.70 million for 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 business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. On average, equities analysts predict that Ciena Corporation will post $1.74 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in CIEN. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in 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 buying an additional 517 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new stake in Ciena Corporation during the second quarter worth $134,000. Advisor Group Inc. boosted its holdings in 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 buying an additional 604 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Ciena Corporation during the second quarter worth $159,000. Finally, Meadow Creek Investment Management LLC boosted its holdings in Ciena Corporation by 12.1% during the first quarter. Meadow Creek Investment Management LLC now owns 8,160 shares of the communications equipment provider’s stock worth $193,000 after buying an additional 884 shares in the last quarter.

CIEN has been the topic of a number of recent analyst reports. B. Riley reiterated a “buy” rating and set a $34.25 price target on shares of Ciena Corporation in a report on Tuesday, May 30th. Cowen and Company reiterated an “outperform” rating and set a $35.00 price target on shares of Ciena Corporation in a report on Tuesday, May 30th. Drexel Hamilton upgraded shares of Ciena Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 1st. Dougherty & Co increased their price target on shares of Ciena Corporation from $26.00 to $32.00 and gave the company a “buy” rating in a report on Friday, June 2nd. Finally, Needham & Company LLC increased their price target on shares of Ciena Corporation from $30.00 to $31.00 and gave the company a “buy” rating in a report on Friday, June 2nd. One equities 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. The company currently has a consensus rating of “Buy” and an average price target of $29.79.

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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