Insider Selling: Ciena Corporation (NYSE:CIEN) SVP Sells 1,000 Shares of Stock

Ciena Corporation (NYSE:CIEN) SVP Scott Mcfeely sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $19.50, for a total transaction of $19,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Scott Mcfeely also recently made the following trade(s):

  • On Monday, October 16th, Scott Mcfeely sold 1,000 shares of Ciena stock. The stock was sold at an average price of $21.51, for a total transaction of $21,510.00.
  • On Friday, September 15th, Scott Mcfeely sold 1,000 shares of Ciena stock. The shares were sold at an average price of $21.60, for a total transaction of $21,600.00.

Shares of Ciena Corporation (NYSE CIEN) opened at $21.60 on Tuesday. The company has a current ratio of 2.92, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The stock has a market cap of $3,080.00, a P/E ratio of 15.75, a P/E/G ratio of 0.85 and a beta of 1.66. Ciena Corporation has a 52-week low of $19.40 and a 52-week high of $27.98.

Several research firms have weighed in on CIEN. Northland Securities set a $32.00 price target on shares of Ciena and gave the company a “buy” rating in a report on Monday, August 7th. ValuEngine cut shares of Ciena from a “buy” rating to a “hold” rating in a report on Monday, August 14th. William Blair reissued an “outperform” rating on shares of Ciena in a report on Thursday, August 31st. Raymond James Financial reissued an “outperform” rating on shares of Ciena in a report on Thursday, August 24th. Finally, UBS set a $31.00 target price on shares of Ciena and gave the stock a “buy” rating in a report on Wednesday, August 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.43.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rubric Capital Management LP acquired a new stake in shares of Ciena during the 3rd quarter worth approximately $33,373,000. Algert Global LLC boosted its position in shares of Ciena by 48.5% during the 3rd quarter. Algert Global LLC now owns 128,474 shares of the communications equipment provider’s stock worth $2,823,000 after acquiring an additional 41,959 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Ciena by 169.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 4,217,455 shares of the communications equipment provider’s stock worth $92,657,000 after acquiring an additional 2,652,791 shares in the last quarter. PVG Asset Management Corp acquired a new stake in shares of Ciena during the 3rd quarter worth approximately $674,000. Finally, California Public Employees Retirement System boosted its position in shares of Ciena by 5.1% during the 3rd quarter. California Public Employees Retirement System now owns 319,658 shares of the communications equipment provider’s stock worth $7,023,000 after acquiring an additional 15,588 shares in the last quarter.

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About Ciena

Ciena Corporation is a network strategy and technology company, which provides solutions that enable a range of network operators to adopt communication architectures and deliver an array of services, relied upon by enterprise and consumer end users. It provides equipment, software and services that support the transport, switching, aggregation, service delivery and management of voice, video and data traffic on communications networks.

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

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