Ciena Co. (NYSE:CIEN) CEO Gary B. Smith sold 9,600 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $31.14, for a total transaction of $298,944.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, August 22nd, Gary B. Smith sold 9,600 shares of Ciena stock. The shares were sold at an average price of $27.17, for a total transaction of $260,832.00.
  • On Thursday, July 12th, Gary B. Smith sold 8,000 shares of Ciena stock. The shares were sold at an average price of $27.30, for a total transaction of $218,400.00.
  • On Thursday, June 28th, Gary B. Smith sold 8,000 shares of Ciena stock. The shares were sold at an average price of $25.84, for a total transaction of $206,720.00.
  • On Thursday, June 21st, Gary B. Smith sold 12,948 shares of Ciena stock. The shares were sold at an average price of $25.55, for a total transaction of $330,821.40.
  • On Tuesday, June 12th, Gary B. Smith sold 8,000 shares of Ciena stock. The shares were sold at an average price of $24.59, for a total transaction of $196,720.00.

NYSE CIEN opened at $31.64 on Thursday. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $4.46 billion, a PE ratio of 21.23, a P/E/G ratio of 1.85 and a beta of 1.36. Ciena Co. has a 12 month low of $19.40 and a 12 month high of $32.33.

Ciena (NYSE:CIEN) last posted its quarterly earnings results on Thursday, August 30th. The communications equipment provider reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.12. The firm had revenue of $818.82 million for the quarter, compared to analysts’ expectations of $792.28 million. Ciena had a net margin of 25.56% and a return on equity of 8.56%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. equities research analysts anticipate that Ciena Co. will post 1.09 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Managed Asset Portfolios LLC grew its holdings in shares of Ciena by 7.5% in the first quarter. Managed Asset Portfolios LLC now owns 404,960 shares of the communications equipment provider’s stock worth $10,489,000 after purchasing an additional 28,137 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Ciena by 220.7% in the second quarter. Jennison Associates LLC now owns 66,042 shares of the communications equipment provider’s stock worth $1,751,000 after purchasing an additional 45,450 shares during the last quarter. TCW Group Inc. grew its holdings in shares of Ciena by 19.1% in the first quarter. TCW Group Inc. now owns 760,954 shares of the communications equipment provider’s stock worth $19,709,000 after purchasing an additional 121,888 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Ciena by 610.6% in the second quarter. First Trust Advisors LP now owns 154,508 shares of the communications equipment provider’s stock worth $4,096,000 after purchasing an additional 132,765 shares during the last quarter. Finally, Oakbrook Investments LLC bought a new position in shares of Ciena in the second quarter worth about $292,000.

CIEN has been the topic of a number of analyst reports. MED cut shares of Ciena from a “buy” rating to a “$26.20” rating and cut their price objective for the company from $29.00 to $27.00 in a research report on Wednesday, July 18th. They noted that the move was a valuation call. Argus boosted their price objective on shares of Ciena to $38.00 and gave the company an “average” rating in a research report on Wednesday, September 5th. They noted that the move was a valuation call. ValuEngine upgraded shares of Ciena from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. B. Riley boosted their price objective on shares of Ciena from $31.00 to $31.50 and gave the company a “buy” rating in a research report on Friday, June 1st. Finally, Citigroup cut their price objective on shares of Ciena from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, June 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $32.28.

Ciena Company Profile

Ciena Corporation provides hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching.

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Insider Buying and Selling by Quarter for Ciena (NYSE:CIEN)

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