Ciena Co. (NYSE:CIEN) CFO James E. Moylan, Jr. Sells 2,000 Shares

Ciena Co. (NYSE:CIEN) CFO James E. Moylan, Jr. sold 2,000 shares of Ciena stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $42.11, for a total value of $84,220.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, August 6th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $41.70, for a total value of $83,400.00.
  • On Tuesday, July 23rd, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $43.33, for a total value of $86,660.00.
  • On Tuesday, July 9th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $42.00, for a total value of $84,000.00.
  • On Tuesday, June 25th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $42.50, for a total value of $85,000.00.
  • On Tuesday, June 11th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $44.36, for a total value of $88,720.00.
  • On Tuesday, May 28th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $35.24, for a total value of $70,480.00.

Shares of CIEN stock traded down $0.33 during mid-day trading on Thursday, hitting $41.19. 1,344,576 shares of the stock traded hands, compared to its average volume of 2,657,531. Ciena Co. has a twelve month low of $27.21 and a twelve month high of $46.78. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 1.40 and a beta of 1.11. The company’s 50-day simple moving average is $43.42 and its 200-day simple moving average is $40.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.36 and a current ratio of 2.83.



Ciena (NYSE:CIEN) last issued its earnings results on Thursday, June 6th. The communications equipment provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.07. The business had revenue of $865.00 million for the quarter, compared to analysts’ expectations of $818.23 million. Ciena had a return on equity of 12.37% and a net margin of 5.98%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. Analysts forecast that Ciena Co. will post 1.74 earnings per share for the current year.

Several brokerages have weighed in on CIEN. Barclays began coverage on Ciena in a research note on Wednesday, August 7th. They set an “overweight” rating and a $50.00 target price on the stock. MKM Partners lifted their target price on Ciena to $54.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Rosenblatt Securities reaffirmed a “hold” rating and set a $38.00 target price on shares of Ciena in a research note on Monday, June 3rd. Northland Securities reaffirmed a “buy” rating and set a $42.00 target price on shares of Ciena in a research note on Wednesday, June 5th. Finally, Goldman Sachs Group lifted their target price on Ciena from $45.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, June 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Ciena presently has a consensus rating of “Buy” and a consensus target price of $46.71.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC grew its holdings in shares of Ciena by 98.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 645 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 320 shares during the last quarter. Tobam acquired a new position in shares of Ciena in the 2nd quarter worth $33,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Ciena in the 1st quarter worth $37,000. Coastal Capital Group Inc. acquired a new position in shares of Ciena in the 2nd quarter worth $41,000. Finally, Investors Research Corp acquired a new position in shares of Ciena in the 1st quarter worth $39,000. Institutional investors and hedge funds own 88.05% of the company’s stock.

Ciena Company Profile

Ciena Corporation provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice 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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