Ciena Corporation (CIEN) - FREE Research Report

Smith Gary B who is President, Ceo at Ciena Corporation sold 2,900 shares at $22.05 on Nov. 18, 2013. Following this transaction, the President, Ceo owned 267,655 shares meaning that the stake was reduced by 1.07% with the 2,900 share transaction.

The shares most recently traded at $22.54, up $0.49, or 2.18% since the insider transaction. Historical insider transactions for Ciena Corporation go as follows:

  • 4-Week # shares sold: 10,289
  • 12-Week # shares sold: 88,129
  • 24-Week # shares sold: 217,655

The average volume for Ciena Corporation has been 3.7 million shares per day over the past 30 days. Ciena Corporation has a market cap of $2.4 billion and is part of the technology sector and telecommunications industry. Shares are up 43.06% year to date as of the close of trading on Monday.

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 4 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 the company's profit margins have been poor 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.

Data for this article provided by Zacks Investment Research
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