Ciena Corporation (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $22.17, for a total value of $44,340.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Thursday, September 21st, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $21.25, for a total value of $42,500.00.
  • On Thursday, September 21st, James E. Moylan, Jr. sold 3,053 shares of Ciena Corporation stock. The stock was sold at an average price of $21.25, for a total value of $64,876.25.
  • On Thursday, September 7th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $21.78, for a total value of $43,560.00.
  • On Thursday, August 10th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $24.65, for a total value of $49,300.00.
  • On Thursday, July 27th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $26.24, for a total value of $52,480.00.
  • On Thursday, July 13th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $26.20, for a total value of $52,400.00.

Shares of Ciena Corporation (NYSE:CIEN) opened at 22.21 on Friday. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 24.30 and a beta of 1.69. Ciena Corporation has a 1-year low of $18.94 and a 1-year high of $27.98. The stock has a 50 day moving average price of $22.35 and a 200-day moving average price of $23.86.

Ciena Corporation (NYSE:CIEN) last posted its quarterly earnings data on Thursday, August 31st. The communications equipment provider reported $0.51 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $726.81 million. During the same quarter in the previous year, the firm earned $0.42 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts expect that Ciena Corporation will post $1.74 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of CIEN. World Asset Management Inc lifted its position in shares of Ciena Corporation by 3.4% during the 1st quarter. World Asset Management Inc now owns 8,692 shares of the communications equipment provider’s stock worth $205,000 after purchasing an additional 286 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Ciena Corporation during the 1st quarter worth about $578,000. Parametric Portfolio Associates LLC lifted its position in shares of Ciena Corporation by 8.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 161,614 shares of the communications equipment provider’s stock worth $3,816,000 after purchasing an additional 12,554 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Ciena Corporation by 171.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 25,651 shares of the communications equipment provider’s stock worth $607,000 after purchasing an additional 16,196 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Ciena Corporation by 22.1% during the 1st quarter. Pacer Advisors Inc. now owns 14,330 shares of the communications equipment provider’s stock worth $338,000 after purchasing an additional 2,590 shares during the last quarter.

Several equities analysts recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $34.25 target price on shares of Ciena Corporation in a research report on Tuesday, August 29th. Stifel Nicolaus reiterated a “buy” rating and set a $32.00 target price on shares of Ciena Corporation in a research report on Friday, July 21st. ValuEngine upgraded Ciena Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Northland Securities reiterated a “buy” rating and set a $32.00 target price on shares of Ciena Corporation in a research report on Tuesday, July 4th. Finally, TheStreet upgraded Ciena Corporation from a “c+” rating to a “b” rating in a research report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $29.53.

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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