Ciena Corp (CIEN) Files Form 4 Insider Selling : James E Jr Moylan Sells 2,000 Shares

Ciena Corp (CIEN): James E Jr Moylan , SVP Finance, CFO of Ciena Corp sold 2,000 shares on Apr 7, 2016. The Insider selling transaction was disclosed on Apr 11, 2016 to the Securities and Exchange Commission. The shares were sold at $18.48 per share for a total value of $36,960.00.

Company has been under the radar of several Street Analysts.Ciena Corporation is Initiated by Drexel Hamilton to Buy. The Rating was issued on Apr 8, 2016.Ciena Corporation is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 25 from a previous price target of $30 . The Rating was issued on Mar 4, 2016.Ciena Corporation is Reiterated by MKM Partners to Buy while Lowering the Price Target of the company shares to $ 23 from a previous price target of $26 . The Rating was issued on Mar 4, 2016.Ciena Corporation is Initiated by Citigroup to Neutral. The Rating was issued on Jan 27, 2016.

Currently the company Insiders own 1.72% of Ciena Corporation shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -2.46%.During last six month period, the net percent change held by insiders has seen a change of -0.12%.

Shares of Ciena Corporation (CIEN) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.31 points or -1.70% at $17.9 with 20,56,732 shares getting traded. Post opening the session at $18.24, the shares hit an intraday low of $17.89 and an intraday high of $18.37 and the price vacillated in this range throughout the day. The company has a market cap of $2,462 M and the number of outstanding shares has been calculated to be 13,75,48,680 shares. The 52-week high of Ciena Corporation is $26.5 and the 52-week low is $16.32.

Ciena Corporation Money Flow Index Chart

Ciena Corporation (Ciena) is a provider of communications networking equipment software and services that support the transport switching aggregation and management of voice video and data traffic. The Company operates in four segments: converged packet optical packet networking optical transport and software and services. Its service provider customers include regional national and international wire line and wireless carriers. Its cable operator customers include cable and multiservice operators in the United States and internationally. Its Blue Planet Division provides multi-vendor network management software and service orchestration solutions. Its Blue Planet product portfolio includes software applications including Planet Orchestrate and Planet Operate as well as its software-defined networking (SDN) multilayer wide area network (WAN) controller and its applications V-WAN Agility Matrix and network management solutions.

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