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GOOGL   1,411.05 (-0.73%)
AMZN   2,386.19 (-1.47%)
CGC   19.39 (-3.10%)
BABA   200.23 (-0.74%)
GE   7.30 (+7.35%)
TSLA   803.61 (-1.86%)
AMD   50.50 (-5.06%)
ACB   15.30 (-1.99%)
DIS   121.56 (+0.50%)
BAC   25.55 (+5.23%)
AAPL   315.48 (-0.39%)
MSFT   178.55 (-1.66%)
FB   225.33 (-2.96%)
GOOGL   1,411.05 (-0.73%)
AMZN   2,386.19 (-1.47%)
CGC   19.39 (-3.10%)
BABA   200.23 (-0.74%)
GE   7.30 (+7.35%)
TSLA   803.61 (-1.86%)
AMD   50.50 (-5.06%)
ACB   15.30 (-1.99%)
DIS   121.56 (+0.50%)
BAC   25.55 (+5.23%)
AAPL   315.48 (-0.39%)
MSFT   178.55 (-1.66%)
FB   225.33 (-2.96%)
GOOGL   1,411.05 (-0.73%)
AMZN   2,386.19 (-1.47%)
CGC   19.39 (-3.10%)
BABA   200.23 (-0.74%)
GE   7.30 (+7.35%)
TSLA   803.61 (-1.86%)
AMD   50.50 (-5.06%)
ACB   15.30 (-1.99%)
DIS   121.56 (+0.50%)
BAC   25.55 (+5.23%)
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Ciena Co. (NYSE:CIEN) CEO Gary B. Smith Sells 4,250 Shares

Friday, May 22, 2020 | MarketBeat

Ciena Co. (NYSE:CIEN) CEO Gary B. Smith sold 4,250 shares of the company's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $52.76, for a total transaction of $224,230.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Gary B. Smith also recently made the following trade(s):

  • On Wednesday, April 22nd, Gary B. Smith sold 4,250 shares of Ciena stock. The stock was sold at an average price of $44.79, for a total transaction of $190,357.50.
  • On Monday, April 6th, Gary B. Smith sold 4,250 shares of Ciena stock. The stock was sold at an average price of $44.05, for a total transaction of $187,212.50.
  • On Wednesday, March 25th, Gary B. Smith sold 4,250 shares of Ciena stock. The stock was sold at an average price of $38.82, for a total transaction of $164,985.00.

Shares of Ciena stock traded up $1.08 on Friday, reaching $52.80. The stock had a trading volume of 99,076 shares, compared to its average volume of 1,924,840. Ciena Co. has a 1 year low of $30.58 and a 1 year high of $53.36. The company has a market cap of $8.13 billion, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 1.40 and a beta of 0.85. The company has a current ratio of 3.09, a quick ratio of 2.62 and a debt-to-equity ratio of 0.31. The business's 50 day moving average is $45.95 and its two-hundred day moving average is $41.55.

Ciena (NYSE:CIEN) last announced its quarterly earnings results on Thursday, March 5th. The communications equipment provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.14. The firm had revenue of $832.91 million for the quarter, compared to the consensus estimate of $818.48 million. Ciena had a net margin of 7.78% and a return on equity of 14.68%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share. On average, equities analysts anticipate that Ciena Co. will post 2.32 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in CIEN. Acadian Asset Management LLC grew its position in Ciena by 99.2% during the fourth quarter. Acadian Asset Management LLC now owns 650,810 shares of the communications equipment provider's stock valued at $27,786,000 after acquiring an additional 324,050 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Ciena by 4.9% during the fourth quarter. Great West Life Assurance Co. Can now owns 103,688 shares of the communications equipment provider's stock valued at $4,393,000 after acquiring an additional 4,846 shares during the last quarter. CWM LLC grew its position in Ciena by 2.8% during the fourth quarter. CWM LLC now owns 200,491 shares of the communications equipment provider's stock valued at $8,559,000 after acquiring an additional 5,474 shares during the last quarter. Chevy Chase Trust Holdings Inc. bought a new position in Ciena during the fourth quarter valued at approximately $59,000. Finally, Blair William & Co. IL grew its position in Ciena by 16.4% during the fourth quarter. Blair William & Co. IL now owns 10,825 shares of the communications equipment provider's stock valued at $462,000 after acquiring an additional 1,525 shares during the last quarter. 91.96% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the stock. B. Riley lowered shares of Ciena from a "buy" rating to a "neutral" rating and reduced their price target for the company from $54.00 to $51.00 in a research report on Wednesday, May 13th. MKM Partners increased their price target on shares of Ciena from $54.00 to $62.00 and gave the company a "buy" rating in a research report on Friday. Piper Sandler restated a "buy" rating and set a $50.00 price target on shares of Ciena in a research report on Thursday, April 2nd. Cowen restated a "buy" rating and set a $54.00 price target on shares of Ciena in a research report on Tuesday, March 3rd. Finally, Morgan Stanley lowered shares of Ciena from an "overweight" rating to an "equal weight" rating and set a $47.00 price target for the company. in a research report on Thursday, April 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the company's stock. Ciena currently has an average rating of "Buy" and a consensus target price of $49.95.

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.

Further Reading: What is the G-20?

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


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