Insider Trading Alert - CIEN, MNTA And VLGEA 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.

Yesterday, June 15, 2015, 81 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $428.00 to $1,771,500.00.

Highlighted Stocks Traded by Insiders:

Ciena (CIEN) - FREE Research Report

Alexander Stephen B, who is Sr VP Chief Technology Officer at Ciena, sold 3,500 shares at $25.39 on June 15, 2015. Following this transaction, the Sr VP Chief Technology Officer owned 148,734 shares meaning that the stake was reduced by 2.3% with the 3,500-share transaction.

Claflin Bruce L., who is Director at Ciena, sold 400 shares at $25.33 on June 15, 2015. Following this transaction, the Director owned 61,762 shares meaning that the stake was reduced by 0.64% with the 400-share transaction.

The shares most recently traded at $25.76, up $0.43, or 1.67% since the insider transaction. Historical insider transactions for Ciena go as follows:

  • 4-Week # shares bought: 5,000
  • 4-Week # shares sold: 2,000
  • 12-Week # shares bought: 5,000
  • 12-Week # shares sold: 42,010
  • 24-Week # shares bought: 5,000
  • 24-Week # shares sold: 80,527

The average volume for Ciena has been 3.1 million shares per day over the past 30 days. Ciena has a market cap of $3.0 billion and is part of the technology sector and telecommunications industry. Shares are up 32.1% year-to-date as of the close of trading on Monday.

Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. Currently, there are 12 analysts who rate Ciena 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 as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Ciena Ratings Report from TheStreet Quant Ratings now.

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