Ciena Corporation (NYSE:CIEN) CEO Gary B. Smith sold 8,000 shares of Ciena Corporation stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $21.50, for a total transaction of $172,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, August 22nd, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $25.87, for a total transaction of $206,960.00.
  • On Wednesday, June 21st, Gary B. Smith sold 12,558 shares of Ciena Corporation stock. The stock was sold at an average price of $25.31, for a total transaction of $317,842.98.

Shares of Ciena Corporation (NYSE:CIEN) traded up 1.76% during trading on Friday, hitting $21.96. 3,330,248 shares of the stock traded hands. The company has a market cap of $3.13 billion, a PE ratio of 24.03 and a beta of 1.68. The company has a 50 day moving average of $23.63 and a 200-day moving average of $24.15. Ciena Corporation has a 1-year low of $18.94 and a 1-year high of $27.98.

Ciena Corporation (NYSE:CIEN) last released its earnings results on Thursday, August 31st. The communications equipment provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The company 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 company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. On average, equities analysts anticipate that Ciena Corporation will post $1.74 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Ciena Corporation (CIEN) CEO Gary B. Smith Sells 8,000 Shares” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.dailypolitical.com/2017/09/15/ciena-corporation-cien-ceo-gary-b-smith-sells-8000-shares.html.

A number of equities research analysts recently weighed in on the stock. UBS AG reissued a “buy” rating and issued a $31.00 price target (up from $29.00) on shares of Ciena Corporation in a research report on Monday, June 5th. B. Riley reaffirmed a “buy” rating and issued a $34.00 target price on shares of Ciena Corporation in a report on Sunday, June 4th. ValuEngine cut shares of Ciena Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Stifel Nicolaus reiterated a “buy” rating and set a $32.00 price target (up from $28.00) on shares of Ciena Corporation in a research note on Friday, June 2nd. Finally, Northland Securities set a $32.00 price target on shares of Ciena Corporation and gave the stock a “buy” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $29.79.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Ciena Corporation by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,690 shares of the communications equipment provider’s stock worth $518,000 after purchasing an additional 58 shares in the last quarter. Capstone Asset Management Co. grew its stake in shares of Ciena Corporation by 1.3% during the 2nd quarter. Capstone Asset Management Co. now owns 10,490 shares of the communications equipment provider’s stock worth $262,000 after acquiring an additional 130 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Ciena Corporation by 1.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 10,740 shares of the communications equipment provider’s stock worth $269,000 after acquiring an additional 200 shares in the last quarter. World Asset Management Inc grew its stake in shares of Ciena Corporation by 2.8% during the 2nd quarter. World Asset Management Inc now owns 8,935 shares of the communications equipment provider’s stock worth $224,000 after acquiring an additional 243 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Ciena Corporation by 2.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,289 shares of the communications equipment provider’s stock worth $282,000 after acquiring an additional 300 shares in the last quarter.

About Ciena Corporation

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)

Receive News & Ratings for Ciena Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ciena Corporation and related companies with MarketBeat.com's FREE daily email newsletter.