Ciena Co. (NYSE:CIEN – Get Rating) CEO Gary B. Smith sold 3,542 shares of the stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $56.76, for a total transaction of $201,043.92. Following the completion of the sale, the chief executive officer now directly owns 451,008 shares of the company’s stock, valued at approximately $25,599,214.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of CIEN opened at $54.73 on Thursday. Ciena Co. has a twelve month low of $49.51 and a twelve month high of $78.28. The firm’s fifty day simple moving average is $60.41 and its 200-day simple moving average is $63.35. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 1.44 and a beta of 0.85. The company has a current ratio of 4.16, a quick ratio of 3.56 and a debt-to-equity ratio of 0.38.
Ciena (NYSE:CIEN – Get Rating) last announced its quarterly earnings data on Monday, March 7th. The communications equipment provider reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. Ciena had a net margin of 13.23% and a return on equity of 13.17%. The business had revenue of $844.40 million for the quarter, compared to analyst estimates of $845.14 million. During the same period last year, the business earned $0.42 EPS. The company’s revenue was up 11.5% on a year-over-year basis. On average, analysts predict that Ciena Co. will post 2.49 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. grew its position in shares of Ciena by 483.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 560 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 464 shares during the last quarter. IronBridge Private Wealth LLC purchased a new position in shares of Ciena in the 4th quarter valued at $31,000. Allegheny Financial Group LTD purchased a new position in shares of Ciena in the 4th quarter valued at $44,000. Rosenberg Matthew Hamilton purchased a new position in shares of Ciena in the 1st quarter valued at $47,000. Finally, City State Bank purchased a new position in shares of Ciena in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 86.20% of the company’s stock.
Ciena Company Profile (Get Rating)
Ciena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching.
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