Ciena Co. (NYSE:CIEN) SVP Jason Phipps sold 7,908 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $44.44, for a total value of $351,431.52. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Ciena stock opened at $43.04 on Friday. The company has a quick ratio of 2.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $6.68 billion, a P/E ratio of 38.43, a PEG ratio of 1.48 and a beta of 1.13. Ciena Co. has a 12 month low of $25.18 and a 12 month high of $46.23. The company has a 50-day moving average price of $42.36.
Ciena (NYSE:CIEN) last posted its earnings results on Thursday, June 6th. The communications equipment provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. The firm had revenue of $865.00 million during the quarter, compared to the consensus estimate of $818.23 million. Ciena had a return on equity of 12.37% and a net margin of 5.98%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. On average, equities research analysts forecast that Ciena Co. will post 1.72 EPS for the current year.
Several analysts recently weighed in on the company. Raymond James upped their price objective on Maverix Metals from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. MKM Partners upped their price objective on Ciena to $54.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Rosenblatt Securities restated a “hold” rating and set a $38.00 price objective on shares of Ciena in a research report on Monday, June 3rd. Finally, Piper Jaffray Companies upped their price objective on Ciena from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $46.65.
Ciena Company Profile
Ciena Corporation provides network hardware, software, and services that support the transport, 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 solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching.
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