A Director at Ciena Corp (NYSE: CIEN) is Selling Shares

By Carrie Williams

Yesterday, a Director at Ciena Corp (CIENResearch Report), Judith Obrien, sold shares of CIEN for $186.9K.

Following Judith Obrien’s last CIEN Sell transaction on February 23, 2015, the stock climbed by 24.0%.

See today’s analyst top recommended stocks >>

Based on Ciena Corp’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $865 million and quarterly net profit of $52.74 million. In comparison, last year the company earned revenue of $730 million and had a net profit of $13.86 million. CIEN’s market cap is $6.86B and the company has a P/E ratio of 36.49. Currently, Ciena Corp has an average volume of 3.39M.

Based on 15 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $49.57, reflecting a 12.6% upside.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Converged Packet Optical; Packet Networking; Optical Transport; and Software and Services. The Converged Packet Optical segment develops and sells optical processors, switching systems, and operating system software.