Large Inflow of Money Witnessed in Ciena Corporation

Ciena Corporation (NYSE:CIEN) : On Wednesday, The money flowed into the Ciena Corporation (NYSE:CIEN) stock with an uptick to downtick ratio was recorded at 1.04. Transactions worth $4.35 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $4.18 million. The total money flow into the stock was $0.17 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.33 million of block transactions on upticks. The total money flow in block trades was $0.33 million. In terms of price action, Ciena Corporation (NYSE:CIEN) traded down $0.02 during the session at $18.32. Compared to the previous days closing, the stock was down only by -0.11%. For the week, the stock is -4.13%, over previous weeks closing.


In an insider trading activity, Locoh-Donou Francois, officer (Chief Operating Officer) of Ciena Corp, unloaded 3,239 shares at an average price of $20.4 on June 21, 2016. The total amount of the transaction was worth $66,076, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. 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 -4.37% . Institutional Investors own 99.56% of Ciena Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -5.87%.

The company shares have dropped -24.81% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $26.50 and the one year low was seen on May 13, 2016. The 50-Day Moving Average price is $18.67 and the 200 Day Moving Average price is recorded at $18.47. Ciena Corporation (NYSE:CIEN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.52 and $18.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.64, notching a gain of 1.64% for the day. The total traded volume was 4,625,174 . The stock had closed at $18.34 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.