Ciena Co. (NYSE:CIEN) SVP Sells $88,720.00 in Stock - Jonathan Cartu Computer Repair Consultant Services
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Ciena Co. (NYSE:CIEN) SVP Sells $88,720.00 in Stock

Ciena Co. (NYSE:CIEN) SVP Sells $88,720.00 in Stock


Ciena Co. (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $44.36, for a total value of $88,720.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

  • On Tuesday, June 25th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $42.50, for a total value of $85,000.00.
  • On Tuesday, May 28th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $35.24, for a total value of $70,480.00.
  • On Tuesday, May 14th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $33.37, for a total value of $66,740.00.
  • On Tuesday, April 16th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $38.65, for a total value of $77,300.00.
  • On Tuesday, April 2nd, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $37.88, for a total value of $75,760.00.
  • On Tuesday, March 19th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $39.34, for a total value of $78,680.00.

Shares of CIEN traded down $0.15 during midday trading on Friday, reaching $42.99. 1,651,443 shares of the stock were exchanged, compared to its average volume of 3,631,669. Ciena Co. has a 52 week low of $25.18 and a 52 week high of $46.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.83 and a quick ratio of 2.36. The firm has a 50 day moving average price of $39.94. The company has a market capitalization of $6.67 billion, a P/E ratio of 38.38, a P/E/G ratio of 1.44 and a beta of 1.13.

Ciena (NYSE:CIEN) last posted its quarterly earnings results on Thursday, June 6th. The communications equipment provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The business had revenue of $865.00 million for the quarter, compared to the consensus estimate of $818.23 million. Ciena had a return on equity of 12.37% and a net margin of 5.98%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 EPS. Analysts forecast that Ciena Co. will post 1.72 earnings per share for the current fiscal year.

Several brokerages have commented on CIEN. Citigroup upped their price objective on Ciena from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Zacks Investment Research raised Ciena from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research report on Wednesday, May 8th. TheStreet raised Ciena from a “c+” rating to a “b” rating in a research report on Tuesday, June 25th. Stifel Nicolaus upped their price objective on Ciena from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Finally, Goldman Sachs Group upped their price objective on Ciena from $45.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, June 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $45.83.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp lifted its stake in shares of Ciena by 187.6% during the 4th quarter. Mackenzie Financial Corp now owns 830,481 shares of the communications equipment provider’s stock worth $28,162,000 after purchasing an additional 541,711 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Ciena by 96.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,599,900 shares of the communications equipment provider’s stock worth $54,248,000 after purchasing an additional 786,600 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Ciena during the 1st quarter worth $13,802,000. Piedmont Investment Advisors Inc. lifted its stake in shares of Ciena by 30.7% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 8,166 shares of the communications equipment provider’s stock worth $305,000 after purchasing an additional 1,917 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Ciena by 1.3% during the 1st quarter. Northern Trust Corp now owns 3,124,045 shares of the communications equipment provider’s stock worth $116,652,000 after purchasing an additional 41,253 shares during the last quarter. Hedge funds and other institutional investors own 92.91% of the company’s stock.

Ciena Company Profile

Ciena Corporation provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice 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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