Ciena Co. (NYSE:CIEN) CEO Gary B. Smith sold 9,600 shares of Ciena stock in a transaction on Friday, September 7th. The stock was sold at an average price of $31.14, for a total value of $298,944.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $27.17, for a total value of $260,832.00.
  • On Thursday, July 12th, Gary B. Smith sold 8,000 shares of Ciena stock. The stock was sold at an average price of $27.30, for a total value of $218,400.00.
  • On Thursday, June 28th, Gary B. Smith sold 8,000 shares of Ciena stock. The stock was sold at an average price of $25.84, for a total value of $206,720.00.
  • On Thursday, June 21st, Gary B. Smith sold 12,948 shares of Ciena stock. The stock was sold at an average price of $25.55, for a total value of $330,821.40.
  • On Tuesday, June 12th, Gary B. Smith sold 8,000 shares of Ciena stock. The stock was sold at an average price of $24.59, for a total value of $196,720.00.

Shares of Ciena stock traded up $0.66 during trading hours on Monday, hitting $31.56. The company’s stock had a trading volume of 233,262 shares, compared to its average volume of 3,368,596. Ciena Co. has a 12-month low of $19.40 and a 12-month high of $32.33. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.86 and a beta of 1.35. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.33.

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

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Ciena by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,630,051 shares of the communications equipment provider’s stock valued at $122,740,000 after acquiring an additional 224,828 shares in the last quarter. FIL Ltd increased its holdings in shares of Ciena by 12.7% in the first quarter. FIL Ltd now owns 4,022,136 shares of the communications equipment provider’s stock worth $104,174,000 after purchasing an additional 453,397 shares during the last quarter. LSV Asset Management increased its holdings in shares of Ciena by 56.6% in the second quarter. LSV Asset Management now owns 2,734,607 shares of the communications equipment provider’s stock worth $72,494,000 after purchasing an additional 988,292 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Ciena by 1.1% in the first quarter. Northern Trust Corp now owns 2,205,450 shares of the communications equipment provider’s stock worth $57,122,000 after purchasing an additional 24,421 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Ciena by 89.4% in the second quarter. Victory Capital Management Inc. now owns 2,153,725 shares of the communications equipment provider’s stock worth $57,095,000 after purchasing an additional 1,016,354 shares during the last quarter.

A number of equities analysts have recently issued reports on the company. Nomura set a $35.00 price target on Ciena and gave the stock a “buy” rating in a research note on Friday, August 31st. William Blair restated a “buy” rating on shares of Ciena in a research note on Friday, August 31st. Citigroup raised their price target on Ciena from $29.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. MKM Partners lifted their target price on Ciena to $36.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Finally, Raymond James lifted their target price on Ciena from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus 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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