Ciena Co. (NYSE:CIEN) SVP Scott Mcfeely sold 1,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $39.73, for a total value of $39,730.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Scott Mcfeely also recently made the following trade(s):
- On Thursday, August 15th, Scott Mcfeely sold 1,000 shares of Ciena stock. The stock was sold at an average price of $41.11, for a total value of $41,110.00.
NYSE:CIEN traded up $0.55 during mid-day trading on Friday, hitting $37.80. The company’s stock had a trading volume of 2,026,036 shares, compared to its average volume of 3,222,700. Ciena Co. has a 1 year low of $28.51 and a 1 year high of $46.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.90 and a quick ratio of 2.45. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 1.15 and a beta of 1.06. The business’s fifty day moving average is $39.44 and its two-hundred day moving average is $39.96.
Ciena (NYSE:CIEN) last posted its quarterly earnings results on Thursday, September 5th. The communications equipment provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.50 by $0.21. Ciena had a net margin of 6.77% and a return on equity of 13.64%. The company had revenue of $960.60 million for the quarter, compared to analyst estimates of $930.64 million. During the same period in the prior year, the company earned $0.48 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. Analysts anticipate that Ciena Co. will post 1.88 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan boosted its stake in shares of Ciena by 1.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 26,590 shares of the communications equipment provider’s stock worth $1,094,000 after acquiring an additional 280 shares in the last quarter. Creative Planning boosted its stake in shares of Ciena by 3.8% during the 2nd quarter. Creative Planning now owns 8,152 shares of the communications equipment provider’s stock worth $335,000 after acquiring an additional 302 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of Ciena by 98.5% during 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Ciena by 1.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,339 shares of the communications equipment provider’s stock worth $946,000 after acquiring an additional 426 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ciena by 4.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,304 shares of the communications equipment provider’s stock worth $506,000 after acquiring an additional 512 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on CIEN shares. Evercore ISI initiated coverage on Ciena in a research report on Wednesday, September 11th. They set an “outperform” rating and a $48.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Ciena from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, September 6th. Needham & Company LLC reissued a “hold” rating on shares of Ciena in a report on Tuesday, September 3rd. TheStreet raised shares of Ciena from a “c+” rating to a “b” rating in a report on Tuesday, June 25th. Finally, Piper Jaffray Companies set a $46.00 price objective on shares of Ciena and gave the company a “hold” rating in a report on Friday, September 6th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $48.35.
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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