James E. Moylan, Jr. Sells 2,000 Shares of Ciena Corporation (CIEN) Stock

Ciena Corporation (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of the business’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $26.20, for a total transaction of $52,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Thursday, July 27th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $26.24, for a total transaction of $52,480.00.
  • On Thursday, June 29th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $26.04, for a total transaction of $52,080.00.
  • On Thursday, June 1st, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $26.29, for a total transaction of $52,580.00.
  • On Thursday, May 18th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $22.75, for a total transaction of $45,500.00.
  • On Thursday, May 4th, James E. Moylan, Jr. sold 2,000 shares of Ciena Corporation stock. The stock was sold at an average price of $22.79, for a total transaction of $45,580.00.

Ciena Corporation (NYSE CIEN) traded up 0.75% during mid-day trading on Friday, hitting $24.17. 2,548,235 shares of the company were exchanged. Ciena Corporation has a 12-month low of $18.94 and a 12-month high of $27.98. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 31.93 and a beta of 1.61. The stock’s 50 day moving average is $25.58 and its 200-day moving average is $24.51.

Ciena Corporation (NYSE:CIEN) last announced its earnings results on Thursday, June 1st. The communications equipment provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The company had revenue of $707.02 million for the quarter, compared to analysts’ expectations of $694.84 million. Ciena Corporation had a return on equity of 25.56% and a net margin of 4.13%. Ciena Corporation’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Equities research analysts predict that Ciena Corporation will post $1.77 EPS for the current year.

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CIEN has been the subject of a number of research reports. Dougherty & Co lifted their target price on shares of Ciena Corporation from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, June 2nd. ValuEngine upgraded shares of Ciena Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. TheStreet upgraded shares of Ciena Corporation from a “c+” rating to a “b” rating in a research report on Monday, June 19th. Deutsche Bank AG cut shares of Ciena Corporation from a “buy” rating to a “hold” rating and cut their target price for the stock from $24.35 to $23.00 in a research report on Wednesday, May 24th. Finally, Jefferies Group LLC restated a “buy” rating and set a $32.50 target price (up previously from $29.00) on shares of Ciena Corporation in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $30.19.

Several hedge funds and other institutional investors have recently made changes to their positions in CIEN. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Ciena Corporation by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,690 shares of the communications equipment provider’s stock valued at $518,000 after buying an additional 58 shares during the last quarter. Nwam LLC boosted its position in shares of Ciena Corporation by 0.8% in the first quarter. Nwam LLC now owns 11,358 shares of the communications equipment provider’s stock valued at $268,000 after buying an additional 88 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of Ciena Corporation by 1.3% in the second quarter. Capstone Asset Management Co. now owns 10,490 shares of the communications equipment provider’s stock valued at $262,000 after buying an additional 130 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Ciena Corporation by 1.9% in the second quarter. Nisa Investment Advisors LLC now owns 10,740 shares of the communications equipment provider’s stock valued at $269,000 after buying an additional 200 shares during the last quarter. Finally, World Asset Management Inc boosted its position in shares of Ciena Corporation by 2.8% in the second quarter. World Asset Management Inc now owns 8,935 shares of the communications equipment provider’s stock valued at $224,000 after buying an additional 243 shares during the last quarter.

Ciena Corporation Company Profile

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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