Ciena Co. (NYSE:CIEN) SVP Sells $54,280.00 in Stock

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Ciena Co. (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of Ciena stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $27.14, for a total transaction of $54,280.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, September 5th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $31.75, for a total transaction of $63,500.00.
  • On Wednesday, August 8th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $25.79, for a total transaction of $51,580.00.
  • On Wednesday, July 25th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $25.81, for a total transaction of $51,620.00.
  • On Wednesday, July 11th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $27.23, for a total transaction of $54,460.00.
  • On Wednesday, June 27th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $25.95, for a total transaction of $51,900.00.
  • On Thursday, June 21st, James E. Moylan, Jr. sold 2,152 shares of Ciena stock. The shares were sold at an average price of $25.55, for a total transaction of $54,983.60.
  • On Wednesday, June 13th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $24.96, for a total transaction of $49,920.00.
  • On Friday, June 1st, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $23.36, for a total transaction of $46,720.00.

CIEN stock traded down $0.06 during trading on Friday, hitting $31.06. The company had a trading volume of 1,770,937 shares, compared to its average volume of 3,545,556. The company has a market capitalization of $4.51 billion, a P/E ratio of 20.85, a PEG ratio of 1.87 and a beta of 1.36. Ciena Co. has a fifty-two week low of $19.40 and a fifty-two week high of $32.33. 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 issued its quarterly earnings results on Thursday, August 30th. The communications equipment provider reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 the consensus estimate of $792.28 million. During the same period in the prior year, the company earned $0.51 EPS. Ciena’s revenue was up 12.4% on a year-over-year basis. equities analysts anticipate that Ciena Co. will post 1.09 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its position in Ciena by 35.8% during the second quarter. Advisors Asset Management Inc. now owns 52,204 shares of the communications equipment provider’s stock worth $988,000 after purchasing an additional 13,767 shares during the period. California Public Employees Retirement System boosted its position in shares of Ciena by 13.9% in the second quarter. California Public Employees Retirement System now owns 431,216 shares of the communications equipment provider’s stock valued at $11,432,000 after acquiring an additional 52,553 shares during the period. Moneta Group Investment Advisors LLC boosted its position in shares of Ciena by 102.0% in 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 acquiring an additional 3,100 shares during the period. MetLife Investment Advisors LLC boosted its position in shares of Ciena by 1.7% in the second quarter. MetLife Investment Advisors LLC now owns 155,448 shares of the communications equipment provider’s stock valued at $4,121,000 after acquiring an additional 2,614 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in shares of Ciena by 25.2% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 52,100 shares of the communications equipment provider’s stock valued at $1,381,000 after acquiring an additional 10,500 shares during the period.

Several equities analysts have recently commented on CIEN shares. Loop Capital started coverage on shares of Ciena in a research report on Wednesday, May 23rd. They set a “buy” rating and a $31.00 price target for the company. JPMorgan Chase & Co. set a $36.00 price target on shares of Ciena and gave the stock a “buy” rating in a research report on Tuesday, May 29th. Nomura restated a “buy” rating and set a $30.00 price target on shares of Ciena in a research report on Friday, June 1st. Citigroup lowered their price target on shares of Ciena from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, June 1st. Finally, B. Riley upped their price target on shares of Ciena from $31.00 to $31.50 and gave the stock a “buy” rating in a research report on Friday, June 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.41.

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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