Ciena Corporation (NYSE:CIEN) CEO Gary B. Smith sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $21.74, for a total transaction of $173,920.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Wednesday, September 27th, Gary B. Smith sold 4,000 shares of Ciena Corporation stock. The shares were sold at an average price of $21.99, for a total transaction of $87,960.00.
  • On Thursday, September 28th, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The shares were sold at an average price of $22.03, for a total transaction of $176,240.00.
  • On Thursday, September 21st, Gary B. Smith sold 12,634 shares of Ciena Corporation stock. The shares were sold at an average price of $21.25, for a total transaction of $268,472.50.
  • 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.

Ciena Corporation (NYSE CIEN) traded up 0.46% on Friday, reaching $21.87. 1,468,175 shares of the company were exchanged. The company’s 50-day moving average price is $22.10 and its 200-day moving average price is $23.80. Ciena Corporation has a 12-month low of $18.94 and a 12-month high of $27.98. The stock has a market capitalization of $3.12 billion, a P/E ratio of 23.93 and a beta of 1.69.

Ciena Corporation (NYSE:CIEN) last announced its quarterly earnings results on Thursday, August 31st. The communications equipment provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. The business had revenue of $728.70 million during the quarter, compared to analyst estimates of $726.81 million. Ciena Corporation had a net margin of 4.99% and a return on equity of 25.53%. Ciena Corporation’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS. Equities research analysts anticipate that Ciena Corporation will post $1.74 earnings per share for the current fiscal year.

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Several brokerages recently weighed in on CIEN. Stifel Nicolaus restated a “buy” rating and issued a $30.00 price objective on shares of Ciena Corporation in a report on Tuesday, September 26th. ValuEngine upgraded shares of Ciena Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Nomura cut their price objective on shares of Ciena Corporation from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, September 1st. MKM Partners restated a “buy” rating on shares of Ciena Corporation in a report on Thursday, August 31st. Finally, B. Riley restated a “buy” rating and issued a $34.25 price objective on shares of Ciena Corporation in a report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $29.53.

A number of hedge funds have recently made changes to their positions in the business. 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 valued at $518,000 after purchasing an additional 58 shares in the last quarter. Capstone Asset Management Co. increased its stake in 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 valued at $262,000 after purchasing an additional 130 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in 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 valued at $269,000 after purchasing an additional 200 shares in the last quarter. World Asset Management Inc increased its stake in 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 valued at $224,000 after purchasing an additional 243 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in 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 valued at $282,000 after purchasing 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)

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