Ciena Corp (CIEN) Files Form 4 Insider Selling : Gary B Smith Sells 8,000 Shares

Ciena Corp (CIEN): Gary B Smith , PRESIDENT, CEO of Ciena Corp sold 8,000 shares on Sep 20, 2016. The Insider selling transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were sold at $21.65 per share for a total value of $173,161.20 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 19, 2016, Francois Locoh-donou (Chief Operating Officer) sold 13,202 shares at $21.08 per share price.On Sep 19, 2016, David M Rothenstein (Sr. VP, General Counsel) sold 2,000 shares at $21.10 per share price.Also, On Sep 19, 2016, Stephen B Alexander (Sr VP Chief Technology Officer) sold 3,500 shares at $21.10 per share price.On Sep 12, 2016, James E Jr Moylan (SVP Finance, CFO) sold 2,000 shares at $22.75 per share price.

Shares of Ciena Corporation (CIEN) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.31 points or -1.42% at $21.46 with 15,04,990 shares getting traded. Post opening the session at $21.72, the shares hit an intraday low of $21.45 and an intraday high of $21.8715 and the price vacillated in this range throughout the day. The company has a market cap of $2,990 M and the number of outstanding shares has been calculated to be 13,93,41,310 shares. The 52-week high of Ciena Corporation is $25.46 and the 52-week low is $15.615.

Ciena Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Ciena Corporation is Reiterated by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 20 from a previous price target of $18.50 .The Rating was issued on Sep 2, 2016.Ciena Corporation is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 26 from a previous price target of $25 .The Rating was issued on Sep 2, 2016.Ciena Corporation is Downgraded by Morgan Stanley to Equal-Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Sep 2, 2016.Ciena Corporation is Downgraded by Drexel Hamilton to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Sep 2, 2016.Ciena Corporation is Reiterated by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 18.50 from a previous price target of $17 .The Rating was issued on Aug 29, 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.

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