Ciena Corp (CIEN): Gary B Smith , PRESIDENT, CEO of Ciena Corp sold 8,000 shares on Jun 27, 2016. The Insider selling transaction was reported by the company on Jun 29, 2016 to the Securities and Exchange Commission. The shares were sold at $18.07 per share for a total value of $144,530.80 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 22, 2016, Francois Locoh-donou (Chief Operating Officer) sold 3,239 shares at $20.40 per share price.On Jun 22, 2016, Marcus H Starke (SVP, Chief Marketing Officer) sold 1,598 shares at $20.40 per share price.Also, On Jun 22, 2016, Gary B Smith (PRESIDENT, CEO) sold 13,451 shares at $20.40 per share price.On Jun 22, 2016, David M Rothenstein (Sr. VP, General Counsel) sold 2,587 shares at $20.40 per share price.
Shares of Ciena Corporation (CIEN) ended Monday, Jun 27, 2016 session in red amid volatile trading. The shares closed down -1.16 points or -6.07% at $17.95 with 43,42,785 shares getting traded. Post opening the session at $19.04, the shares hit an intraday low of $17.86 and an intraday high of $19.04 and the price vacillated in this range throughout the day. The company has a market cap of $2,479 M and the number of outstanding shares has been calculated to be 13,81,16,410 shares. The 52-week high of Ciena Corporation is $26.5 and the 52-week low is $15.615.
Company has been under the radar of several Street Analysts.Ciena Corporation is Reiterated by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 26 from a previous price target of $21 .The Rating was issued on Jun 6, 2016.Ciena Corporation is Reiterated by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 17 from a previous price target of $15 .The Rating was issued on Jun 3, 2016.Ciena Corporation is Initiated by Drexel Hamilton to Buy. The Rating was issued on Apr 8, 2016.
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.