Ciena Corporation (NYSE:CIEN) Insider Trading Review


Ciena Corporation (NYSE:CIEN) has a 1 Year Target Estimate of $26.69. The stock traded with the volume of 2.77 Million in the last trading session. Ciena Corporation opened at $21.51 and closed by showing an increase of 1.07%. The Bid price in the last session was $21.51 x 700 and the Ask price was $22.80 x 400. (The ask price is what sellers are willing to take for it. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. The difference (or spread) goes to the broker/specialist that handles the transaction).

Ciena Corporation has the Market Capitalization of 3.02 Billion. The Stock has its 52-week High of $25.22 and 52-Week Low of $15.62 and it touched its 52-week high on Dec 4, 2015 and 52-Week Low on May 13, 2016.

Ciena Corporation reported its last Earnings on Dec 08 BMO where the company reported Actual EPS of $0.42/Share whereas, the Analyst Estimated EPS was $0.38/share. The difference between Actual EPS and Estimated EPS was $0.04/share. This represented an Earnings Surprise of 10.5%. The company will report its next earnings on 8-Dec-16.

Some analyst provided their insight on Growth Estimates; Ciena Corporation has the Current Quarter Earnings Growth rate of 11.9%. The Next Quarter growth is expected to be 66.7%. In the past 5 years, the stock has earnings growth rate of 59.78% per annum while the Upcoming 5 year’s earnings growth rate is expected to be 16.67% per annum.

18 number of analysts also provided their insight on Ciena Corporation, where the Average Price Target for the stock is $26.69. They also projected Low Price Target as $22 while High Price Target is set at $33.

A number of analysts rated the stock as well: 6 analysts believe that the stock is a STRONG BUY while 11 reported it as Buy.4 analysts assigned a HOLD rating, 0 said it’s UNDERPERFORM and 0 say that this stock is a SELL.

Ciena Corporation annual Divided is 0 while it’s Dividend Yield is 0%. The stock has its Price to Earnings (P/E) ratio of 195.14 and Forward Price to Earnings ratio of 12.62. The company has its Price to Sales (P/S) ratio of 1.17 where Price to Book (P/B) ratio of 4.17, Price to Cash Per share (P/C) of 2.62 and Price to Free Cash Flow (P/FCF) has a value of 22.54.

The company has its Return on Assets (ROA) of 0.8 Percent. Return on Equity (ROE) stands at 3.4% and Return on Investment (ROI) displays a value of 4.7%.

The stock is currently trading at Distance from 20-Day simple moving Average of 2.47% whereas, Distance from 50-Day Simple moving average is 2.22 Percent and Distance from 200-Day Simple Moving Average of 10.19 percent.

A look at performance overview of Ciena Corporation depicts that Performance (Week) is -1.32 percent while Performance Month is 11.02%. Quarterly performance shows a value of -0.32% and Half Year Performance value stands at 21.96%. Yearly performance of the stock has the value of -13.5 percent. Ciena Corporation has its YTD performance of 4.69 Percent. (YTD performance is the most important factor to consider; if YTD is negative, the stock is declining; if the YTD Performance value is Positive the stock is surging).

Insider Trades:

Many Insiders have done trades inside the company. The latest trade was made on 14 Nov 2016 where General Counsel ROTHENSTEIN DAVID M did a transaction type “Sell” in which 2000 shares were traded at a price of $22.4. Another insider trade includes Officer Petrik Andrew C who also initiated a transaction in which 2475 shares were traded on 14 Nov 2016 as “Sell”. On 14 Nov 2016 Officer FRODSHAM JAMES A traded 2000 shares as “Sell” at $22.4. Officer FRODSHAM JAMES A Sell 102 shares on 13 Nov 2016 at the price of $22.21.

Upgrades/Downgrades Report:

The latest Upgrades/Downgrades was done by Research firm Deutsche Bank on 14-Nov-16 who Upgrade the stock from Hold to Buy. Other firms have also Upgraded/Downgraded the stock. On 30-Sep-16, Stifel took an action “Initiated”  to Hold. On 2-Sep-16, the stock was Downgrade to Hold by Drexel Hamilton.