Ciena Co. (NYSE:CIEN) CFO Sells $81,300.00 in Stock

Ciena Co. (NYSE:CIEN) CFO James E. Moylan, Jr. sold 2,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $40.65, for a total transaction of $81,300.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Tuesday, August 20th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $42.11, for a total transaction of $84,220.00.
  • On Tuesday, August 6th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $41.70, for a total transaction of $83,400.00.
  • On Tuesday, July 23rd, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $43.33, for a total transaction of $86,660.00.
  • On Tuesday, July 9th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $42.00, for a total transaction of $84,000.00.
  • On Tuesday, June 25th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $42.50, for a total transaction of $85,000.00.
  • On Tuesday, June 11th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $44.36, for a total transaction of $88,720.00.

CIEN stock opened at $39.52 on Friday. The company’s 50 day moving average price is $42.43 and its 200 day moving average price is $40.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.36 and a current ratio of 2.83. Ciena Co. has a fifty-two week low of $28.23 and a fifty-two week high of $46.78. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.32 and a beta of 1.13.

Ciena (NYSE:CIEN) last released its earnings results on Thursday, September 5th. The communications equipment provider reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.21. Ciena had a net margin of 6.77% and a return on equity of 13.82%. The firm had revenue of $960.60 million for the quarter, compared to analyst estimates of $930.64 million. During the same period in the prior year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. Equities analysts forecast that Ciena Co. will post 1.74 EPS for the current fiscal year.

Several analysts have recently issued reports on the stock. Nomura reduced their price target on shares of Ciena from $52.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday. B. Riley increased their price target on shares of Ciena from $55.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group reduced their price target on shares of Ciena from $46.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday. Stifel Nicolaus set a $54.00 price target on shares of Ciena and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Ciena in a research report on Tuesday. Nine analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $48.50.

A number of institutional investors have recently made changes to their positions in CIEN. Nuveen Asset Management LLC purchased a new position in Ciena in the second quarter valued at approximately $77,706,000. Ion Asset Management Ltd. purchased a new position in Ciena in the second quarter valued at approximately $74,161,000. Holocene Advisors LP purchased a new position in Ciena in the second quarter valued at approximately $53,362,000. FMR LLC increased its stake in Ciena by 605.3% in the first quarter. FMR LLC now owns 1,249,825 shares of the communications equipment provider’s stock valued at $46,669,000 after purchasing an additional 1,072,632 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in Ciena by 4,444.8% in the first quarter. Wedge Capital Management L L P NC now owns 1,040,039 shares of the communications equipment provider’s stock valued at $38,835,000 after purchasing an additional 1,017,155 shares during the last quarter. Institutional investors own 88.05% 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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