Ciena (CIEN) SVP James E. Moylan, Jr. Sells 2,000 Shares

Ciena (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $25.25, for a total value of $50,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, May 2nd, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $26.05, for a total value of $52,100.00.
  • On Wednesday, April 18th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $26.33, for a total value of $52,660.00.
  • On Wednesday, April 4th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $24.98, for a total value of $49,960.00.
  • On Wednesday, March 21st, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $26.59, for a total value of $53,180.00.
  • On Wednesday, February 21st, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $23.13, for a total value of $46,260.00.

NYSE:CIEN traded down $0.05 during trading hours on Friday, reaching $25.30. The stock had a trading volume of 2,033,700 shares, compared to its average volume of 3,216,366. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.06 and a quick ratio of 1.79. Ciena has a 12-month low of $19.40 and a 12-month high of $27.98. The company has a market capitalization of $3.66 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.51 and a beta of 1.40.

Ciena (NYSE:CIEN) last released its earnings results on Tuesday, March 6th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $641.77 million. During the same period last year, the business posted $0.17 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. analysts anticipate that Ciena will post 1.08 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in CIEN. Maverick Capital Ltd. purchased a new stake in Ciena in the fourth quarter worth $50,962,000. Millennium Management LLC increased its position in Ciena by 431.6% in the fourth quarter. Millennium Management LLC now owns 2,477,957 shares of the communications equipment provider’s stock worth $51,864,000 after buying an additional 2,011,805 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Ciena in the fourth quarter worth $40,110,000. LSV Asset Management increased its position in Ciena by 995.6% in the first quarter. LSV Asset Management now owns 1,746,315 shares of the communications equipment provider’s stock worth $45,229,000 after buying an additional 1,586,915 shares during the last quarter. Finally, Boston Partners purchased a new stake in Ciena in the fourth quarter worth $31,035,000.

Several analysts have recently commented on the company. Zacks Investment Research raised Ciena from a “sell” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, March 13th. Citigroup increased their price objective on Ciena from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, March 9th. Northland Securities reissued a “buy” rating and issued a $34.00 price objective on shares of Ciena in a research note on Monday, March 19th. ValuEngine raised Ciena from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $29.00 price objective (up from $25.00) on shares of Ciena in a research note on Friday, March 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $30.04.

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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