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 company’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $24.98, for a total transaction of $49,960.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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  • 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 transaction 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 transaction of $46,260.00.
  • On Thursday, February 8th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $23.00, for a total transaction of $46,000.00.
  • On Thursday, January 11th, James E. Moylan, Jr. sold 2,000 shares of Ciena stock. The stock was sold at an average price of $21.81, for a total transaction of $43,620.00.

Shares of CIEN opened at $25.61 on Friday. The stock has a market capitalization of $3,717.67, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.54 and a beta of 1.38. Ciena has a fifty-two week low of $19.40 and a fifty-two week high of $27.98. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.79 and a current ratio of 2.06.



Ciena (NYSE:CIEN) last issued its earnings results on Tuesday, March 6th. The communications equipment provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The company had revenue of $646.14 million for the quarter, compared to the consensus estimate of $641.77 million. Ciena had a return on equity of 14.10% and a net margin of 27.76%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. sell-side analysts expect that Ciena will post 1.08 EPS for the current fiscal year.

Several equities research analysts have commented on CIEN shares. Zacks Investment Research cut shares of Ciena from a “hold” rating to a “sell” rating in a research report on Monday, March 5th. BMO Capital Markets reiterated a “buy” rating and issued a $25.00 price target on shares of Ciena in a research report on Monday, March 5th. Citigroup boosted their price target on shares of Ciena from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, March 9th. Goldman Sachs upgraded shares of Ciena from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Monday, January 15th. Finally, Piper Jaffray reiterated a “neutral” rating and issued a $27.00 price target (up from $22.00) on shares of Ciena in a research report on Tuesday, March 6th. 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. Ciena currently has a consensus rating of “Buy” and a consensus target price of $29.91.

Several institutional investors and hedge funds have recently modified their holdings of CIEN. Neuberger Berman Group LLC increased its holdings in shares of Ciena by 169.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 4,217,455 shares of the communications equipment provider’s stock valued at $92,657,000 after purchasing an additional 2,652,791 shares during the period. Maverick Capital Ltd. acquired a new position in shares of Ciena in the 4th quarter valued at about $50,962,000. Millennium Management LLC increased its holdings in shares of Ciena by 431.6% in the 4th quarter. Millennium Management LLC now owns 2,477,957 shares of the communications equipment provider’s stock valued at $51,864,000 after purchasing an additional 2,011,805 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Ciena in the 4th quarter valued at about $40,110,000. Finally, Rubric Capital Management LP acquired a new position in shares of Ciena in the 3rd quarter valued at about $33,373,000.

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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.

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

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