Ciena Corp (CIEN) Files Form 4 Insider Selling : Stephen B Alexander Sells 2,265 Shares

Ciena Corp (CIEN): Stephen B Alexander , Sr VP Chief Technology Officer of Ciena Corp sold 2,265 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $21.45 per share for a total value of $48,584.25 , 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 23, 2016, James E Jr Moylan (SVP Finance, CFO) sold 3,409 shares at $21.45 per share price.On Sep 23, 2016, Francois Locoh-donou (Chief Operating Officer) sold 3,219 shares at $21.45 per share price.Also, On Sep 23, 2016, James Frodsham (SR. VP, Chief Strategy Officer) sold 2,679 shares at $21.45 per share price.On Sep 22, 2016, Gary B Smith (PRESIDENT, CEO) sold 8,000 shares at $21.65 per share price.

Ciena Corporation: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Ciena Corporation which led to swings in the share price. The shares opened for trading at $22.05 and hit $22.35 on the upside , eventually ending the session at $22.26, with a gain of 1.97% or 0.43 points. The heightened volatility saw the trading volume jump to 22,75,777 shares. The 52-week high of the share price is $25.46 and the company has a market cap of $3,102 M . The 52-week low of the share price is at $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.

Leave a Reply

Ciena Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ciena Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.