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

Ciena Co. (NYSE:CIEN) SVP James E. Moylan, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 17th. The shares were sold at an average price of $30.62, for a total transaction of $61,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Wednesday, October 3rd, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $29.96, for a total transaction of $59,920.00.
  • On Wednesday, September 19th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $30.75, for a total transaction of $61,500.00.
  • 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 22nd, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The shares were sold at an average price of $27.14, for a total transaction of $54,280.00.
  • On Wednesday, August 8th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was 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 stock was sold at an average price of $25.81, for a total transaction of $51,620.00.

Shares of NYSE:CIEN traded up $0.62 during trading on Friday, reaching $31.60. The company had a trading volume of 68,848 shares, compared to its average volume of 2,603,378. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.82 and a beta of 1.26. Ciena Co. has a 12 month low of $19.40 and a 12 month high of $32.33. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.97 and a quick ratio of 1.76.

Ciena (NYSE:CIEN) last issued its quarterly earnings results on Thursday, August 30th. The communications equipment provider reported $0.48 EPS for the quarter, topping 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 firm had revenue of $818.82 million for the quarter, compared to analyst estimates of $792.28 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, equities research analysts expect that Ciena Co. will post 1.09 EPS for the current year.

Several equities research analysts have recently commented on CIEN shares. Morgan Stanley raised shares of Ciena from an “equal weight” rating to an “overweight” rating and set a $29.00 target price for the company in a research report on Monday, June 25th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Ciena in a research report on Friday, August 31st. Goldman Sachs Group started coverage on shares of Ciena in a research report on Thursday, June 21st. They issued a “buy” rating for the company. William Blair reaffirmed a “buy” rating on shares of Ciena in a research report on Friday, August 31st. Finally, Jefferies Financial Group reissued a “sell” rating on shares of Ciena in a research report on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $32.57.

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its holdings in Ciena by 36,042.9% in the 2nd quarter. Parallel Advisors LLC now owns 5,060 shares of the communications equipment provider’s stock worth $134,000 after acquiring an additional 5,046 shares during the last quarter. Signaturefd LLC grew its holdings in Ciena by 484.4% in the 2nd quarter. Signaturefd LLC now owns 5,534 shares of the communications equipment provider’s stock worth $147,000 after acquiring an additional 4,587 shares during the last quarter. CenterStar Asset Management LLC bought a new stake in Ciena in the 3rd quarter worth $159,000. Moneta Group Investment Advisors LLC grew its holdings in Ciena by 102.0% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 6,140 shares of the communications equipment provider’s stock worth $163,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Exane Derivatives bought a new stake in Ciena in the 2nd quarter worth $190,000.

About Ciena

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

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