Insider Trading Alert - Ciena Corporation And 4 Others Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, Oct. 15, 2013, 94 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $5.48 to $122,908,412.25.

Highlighted Stocks Traded by Insiders:

Ciena Corporation (CIEN) - FREE Research Report

Claflin Bruce L. who is Director at Ciena Corporation sold 400 shares at $26.14 on Oct. 15, 2013. Following this transaction, the Director owned 48,914 shares meaning that the stake was reduced by 0.81% with the 400 share transaction.

The shares most recently traded at $27.19, up $1.05, or 3.86% since the insider transaction. Historical insider transactions for Ciena Corporation go as follows:

  • 4-Week # shares sold: 52,840
  • 12-Week # shares sold: 87,640
  • 24-Week # shares sold: 225,079

The average volume for Ciena Corporation has been 3.5 million shares per day over the past 30 days. Ciena Corporation has a market cap of $2.6 billion and is part of the technology sector and telecommunications industry. Shares are up 60% year to date as of the close of trading on Friday.

Ciena Corporation provides communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic worldwide. Currently there are 12 analysts that rate Ciena Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on CIEN - FREE

TheStreet Quant Ratings rates Ciena Corporation as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Ciena Corporation Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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