Insider Trading Alert - CIEN, MKSI And ED 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, Sept. 22, 2014, 50 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $560.80 to $4,960,984.15.

Highlighted Stocks Traded by Insiders:

Ciena (CIEN) - FREE Research Report

Morin Philippe, who is SVP, Global Field Organization at Ciena, sold 5,000 shares at $19.28 on Sept. 22, 2014. Following this transaction, the SVP, Global Field Organization owned 211,344 shares meaning that the stake was reduced by 2.31% with the 5,000-share transaction.

The shares most recently traded at $17.83, down $1.45, or 8.13% since the insider transaction. Historical insider transactions for Ciena go as follows:

  • 4-Week # shares sold: 6,000
  • 12-Week # shares sold: 20,500
  • 24-Week # shares sold: 109,409

The average volume for Ciena has been 3.0 million shares per day over the past 30 days. Ciena has a market cap of $2.0 billion and is part of the technology sector and telecommunications industry. Shares are down 25.66% 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 14 analysts who rate Ciena a buy, no analysts rate it a sell, and 2 rate it a hold.

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

TheStreet Quant Ratings rates Ciena as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full Ciena 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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