Ciena Co. (CIEN) SVP Sells $63,480.00 in Stock

Ciena Co. (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $31.74, for a total transaction of $63,480.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Wednesday, November 14th, James E. Moylan, Jr. sold 1,963 shares of Ciena stock. The stock was sold at an average price of $33.35, for a total transaction of $65,466.05.
  • On Wednesday, October 17th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $30.62, for a total transaction of $61,240.00.
  • On Wednesday, October 3rd, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $29.96, for a total transaction of $59,920.00.
  • On Wednesday, September 19th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $30.75, for a total transaction of $61,500.00.
  • On Wednesday, September 5th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $31.75, for a total transaction of $63,500.00.

CIEN stock opened at $32.62 on Monday. 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 Co. has a one year low of $19.99 and a one year high of $35.04. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 1.42 and a beta of 1.24.

Ciena (NYSE:CIEN) last posted its quarterly earnings data on Thursday, August 30th. The communications equipment provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.12. Ciena had a net margin of 25.56% and a return on equity of 8.56%. The company had revenue of $818.82 million during the quarter, compared to analyst estimates of $792.28 million. During the same period in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis. Sell-side analysts predict that Ciena Co. will post 1.1 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Belpointe Asset Management LLC purchased a new stake in Ciena during the third quarter valued at about $137,000. Parallel Advisors LLC lifted its stake in Ciena by 36,042.9% during the second quarter. Parallel Advisors LLC now owns 5,060 shares of the communications equipment provider’s stock valued at $134,000 after buying an additional 5,046 shares in the last quarter. CenterStar Asset Management LLC purchased a new stake in Ciena during the third quarter valued at about $159,000. Signaturefd LLC lifted its stake in Ciena by 484.4% during the second quarter. Signaturefd LLC now owns 5,534 shares of the communications equipment provider’s stock valued at $147,000 after buying an additional 4,587 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its stake in Ciena by 102.0% during the second quarter. Moneta Group Investment Advisors LLC now owns 6,140 shares of the communications equipment provider’s stock valued at $163,000 after buying an additional 3,100 shares in the last quarter.

Several equities analysts have recently commented on CIEN shares. Argus upped their price target on shares of Ciena to $38.00 and gave the stock an “average” rating in a research report on Wednesday, September 5th. They noted that the move was a valuation call. ValuEngine upgraded shares of Ciena from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. MKM Partners upped their price target on shares of Ciena to $36.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. William Blair restated a “buy” rating on shares of Ciena in a research report on Friday, August 31st. Finally, B. Riley increased their target price on shares of Ciena from $31.50 to $36.00 and gave the company a “buy” rating in a research report on Friday, August 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $33.05.

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About Ciena

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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