Ciena Corporation (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $24.65, for a total transaction of $49,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, July 27th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The shares were 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 shares were sold at an average price of $26.20, for a total transaction of $52,400.00.
  • On Thursday, June 29th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The shares were sold at an average price of $26.04, for a total transaction of $52,080.00.
  • On Thursday, June 1st, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The shares were sold at an average price of $26.29, for a total transaction of $52,580.00.
  • On Thursday, May 18th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The shares were sold at an average price of $22.75, for a total transaction of $45,500.00.

Ciena Corporation (NYSE:CIEN) traded up 2.11% during trading on Monday, reaching $24.68. 1,939,077 shares of the company were exchanged. The firm has a 50-day moving average of $25.58 and a 200-day moving average of $24.51. Ciena Corporation has a 52-week low of $18.94 and a 52-week high of $27.98. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 32.60 and a beta of 1.61.

Ciena Corporation (NYSE:CIEN) last released its quarterly earnings results on Thursday, June 1st. The communications equipment provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The company had revenue of $707.02 million during the quarter, compared to analysts’ expectations of $694.84 million. Ciena Corporation had a net margin of 4.13% and a return on equity of 25.56%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, equities analysts forecast that Ciena Corporation will post $1.77 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in CIEN. Thompson Davis & CO. Inc. acquired a new position in shares of Ciena Corporation during the first quarter valued at approximately $106,000. Glen Harbor Capital Management LLC boosted its position in shares of Ciena Corporation by 12.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,280 shares of the communications equipment provider’s stock valued at $125,000 after buying an additional 572 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ciena Corporation by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,085 shares of the communications equipment provider’s stock valued at $127,000 after buying an additional 517 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new position in shares of Ciena Corporation during the second quarter valued at approximately $134,000. Finally, Advisor Group Inc. boosted its position in shares of Ciena Corporation by 6.4% in the second quarter. Advisor Group Inc. now owns 10,011 shares of the communications equipment provider’s stock valued at $151,000 after buying an additional 604 shares during the last quarter.

Several equities research analysts have commented on the stock. UBS AG restated a “buy” rating and issued a $31.00 price target (up previously from $29.00) on shares of Ciena Corporation in a research note on Monday, June 5th. B. Riley restated a “buy” rating and issued a $34.00 price target on shares of Ciena Corporation in a research note on Sunday, June 4th. Northland Securities set a $32.00 price target on shares of Ciena Corporation and gave the company a “buy” rating in a research note on Monday, August 7th. ValuEngine lowered shares of Ciena Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. Finally, William Blair restated a “buy” rating on shares of Ciena Corporation in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Ciena Corporation has an average rating of “Buy” and a consensus price target of $30.19.

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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