Ciena (CIEN) VP Sells $51,000.00 in Stock

Ciena (NYSE:CIEN) VP James Frodsham sold 2,000 shares of Ciena stock in a transaction on Monday, April 16th. The stock was sold at an average price of $25.50, for a total value of $51,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

James Frodsham also recently made the following trade(s):

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  • On Wednesday, March 21st, James Frodsham sold 2,121 shares of Ciena stock. The shares were sold at an average price of $26.58, for a total value of $56,376.18.
  • On Thursday, February 15th, James Frodsham sold 4,000 shares of Ciena stock. The shares were sold at an average price of $23.14, for a total value of $92,560.00.
  • On Monday, February 12th, James Frodsham sold 4,000 shares of Ciena stock. The shares were sold at an average price of $22.37, for a total value of $89,480.00.

Shares of Ciena stock opened at $26.55 on Friday. Ciena has a 52 week low of $19.40 and a 52 week high of $27.98. The stock has a market capitalization of $3,782.61, a PE ratio of 20.32, a price-to-earnings-growth ratio of 1.57 and a beta of 1.38. The company has a current ratio of 2.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.33.

Ciena (NYSE:CIEN) last announced its quarterly earnings data on Tuesday, March 6th. The communications equipment provider reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.08. Ciena had a return on equity of 14.10% and a net margin of 27.76%. The business had revenue of $646.14 million for the quarter, compared to the consensus estimate of $641.77 million. During the same period in the previous year, the business earned $0.17 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. equities research analysts anticipate that Ciena will post 1.08 EPS for the current fiscal year.

Several research firms recently weighed in on CIEN. Zacks Investment Research upgraded Ciena from a “sell” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, March 13th. Citigroup lifted their target price on Ciena from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, March 9th. Northland Securities reiterated a “buy” rating and set a $34.00 target price on shares of Ciena in a research report on Monday, March 19th. ValuEngine upgraded Ciena from a “hold” rating to a “buy” rating in a research report on Friday, March 9th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $29.00 target price (up from $25.00) on shares of Ciena in a research report on Friday, March 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $29.91.

Large investors have recently bought and sold shares of the stock. Stifel Financial Corp lifted its position in shares of Ciena by 15.5% in the third quarter. Stifel Financial Corp now owns 70,070 shares of the communications equipment provider’s stock worth $1,538,000 after buying an additional 9,389 shares in the last quarter. AlphaOne Investment Services LLC lifted its position in shares of Ciena by 11,253.2% in the fourth quarter. AlphaOne Investment Services LLC now owns 68,119 shares of the communications equipment provider’s stock worth $1,426,000 after buying an additional 67,519 shares in the last quarter. Honeywell International Inc. lifted its position in shares of Ciena by 60.9% in the fourth quarter. Honeywell International Inc. now owns 950,000 shares of the communications equipment provider’s stock worth $19,884,000 after buying an additional 359,700 shares in the last quarter. Swiss National Bank lifted its position in shares of Ciena by 2.7% in the fourth quarter. Swiss National Bank now owns 241,600 shares of the communications equipment provider’s stock worth $5,057,000 after buying an additional 6,300 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in shares of Ciena in the fourth quarter worth about $50,962,000.

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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.

Insider Buying and Selling by Quarter for Ciena (NYSE:CIEN)

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