Ciena Corporation (CIEN) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (3.63 million) in Ciena Corporation (CIEN). On Monday, The value of composite uptick trades was $10.69 million, whereas, the value of composite downtick trades was $14.32 million and the ratio between the two was 0.75, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $4.76 million. $2.06 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.43. The negative money flow of ($2.69 million) shows selling on strength. Ciena Corporation (CIEN) gained $0.6 intraday at $21.41 and registrered 2.88% for the week.
Shares of Ciena Corporation rose by 6.71% in the last five trading days and 6.6% for the last 4 weeks. Ciena Corporation is up 34.43% in the last 3-month period. Year-to-Date the stock performance stands at 3.04%.
Ciena Corporation (NYSE:CIEN): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.84 and $20.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.32, notching a gain of 2.45% for the day. The total traded volume was 3,205,467 . The stock had closed at $20.81 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (PRESIDENT, CEO) of Ciena Corp, Smith Gary B had sold 8,000 shares worth of $163,760 in a transaction dated August 10, 2016. In this transaction, 8,000 shares were sold at $20.47 per share.
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.