Ciena Corporation (CIEN) CEO Gary B. Smith Sells 6,000 Shares of Stock

Ciena Corporation (NYSE:CIEN) CEO Gary B. Smith sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $20.09, for a total transaction of $120,540.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, October 24th, Gary B. Smith sold 8,000 shares of Ciena Corporation stock. The stock was sold at an average price of $22.12, for a total transaction of $176,960.00.
  • On Wednesday, September 27th, Gary B. Smith sold 4,000 shares of Ciena Corporation stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $23.27, for a total transaction of $186,160.00.

Shares of Ciena Corporation (NYSE:CIEN) opened at $19.69 on Tuesday. Ciena Corporation has a 52 week low of $19.49 and a 52 week high of $27.98. The company has a quick ratio of 2.50, a current ratio of 2.92 and a debt-to-equity ratio of 0.99. The firm has a market cap of $2,845.21, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 0.74 and a beta of 1.64.

Ciena Corporation (NYSE:CIEN) last posted its quarterly earnings results on Thursday, August 31st. The communications equipment provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. Ciena Corporation had a net margin of 4.99% and a return on equity of 25.53%. The firm had revenue of $728.70 million during the quarter, compared to the consensus estimate of $726.81 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. equities research analysts predict that Ciena Corporation will post 1.51 EPS for the current year.

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Several analysts recently issued reports on CIEN shares. Stifel Nicolaus reiterated a “buy” rating and set a $32.00 price target on shares of Ciena Corporation in a research report on Friday, July 21st. BidaskClub lowered shares of Ciena Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Zacks Investment Research lowered shares of Ciena Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. William Blair reiterated a “buy” rating on shares of Ciena Corporation in a research report on Thursday, August 3rd. Finally, Northland Securities set a $32.00 price target on shares of Ciena Corporation and gave the stock a “buy” rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.53.

Hedge funds and other institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC grew its holdings in shares of Ciena Corporation by 15.9% during the second quarter. Parametric Portfolio Associates LLC now owns 187,277 shares of the communications equipment provider’s stock valued at $4,686,000 after buying an additional 25,663 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Ciena Corporation during the second quarter valued at about $2,679,000. Legal & General Group Plc grew its holdings in shares of Ciena Corporation by 31.4% during the first quarter. Legal & General Group Plc now owns 91,386 shares of the communications equipment provider’s stock valued at $2,159,000 after buying an additional 21,834 shares during the last quarter. Dupont Capital Management Corp grew its holdings in shares of Ciena Corporation by 150.1% during the second quarter. Dupont Capital Management Corp now owns 72,528 shares of the communications equipment provider’s stock valued at $1,815,000 after buying an additional 43,528 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Ciena Corporation during the second quarter valued at about $1,927,000.

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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