Large Inflow of Money Detected in Ciena Corporation

Ciena Corporation (CIEN) : Ciena Corporation (CIEN) had a healthy money flow of $2.94 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $7.47 million, whereas, investors only sold shares worth $4.53 million on downticks. The stock closed the day with an up-down ratio of 1.65.The money flow in the block trades to the tune of $2.21 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $2.21 million worth of transactions were on upticks. Ciena Corporation (CIEN) stock slid $0.19 intraday and traded at 19.49, a change of -0.97% over previous days close. However, for the week, the company shares are 2.1% compared to previous weeks close.


The stock has recorded a 20-day Moving Average of 0.42% and the 50-Day Moving Average is 5.56%. Shares have dropped -20.82% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $26.50 and the one year low was seen on May 13, 2016. The 50-Day Moving Average price is $19.35 and the 200 Day Moving Average price is recorded at $18.38.

Ciena Corporation (NYSE:CIEN): The stock opened at $19.92 on Thursday but the bulls could not build on the opening and the stock topped out at $19.98 for the day. The stock traded down to $19.48 during the day, due to lack of any buying support eventually closed down at $19.48 with a loss of -1.02% for the day. The stock had closed at $19.68 on the previous day. The total traded volume was 2,083,300 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Moylan James E Jr, Officer (Svp Finance, Cfo) of CIENA CORP, had unloaded 2,000 shares at an average price of $18.66 in a transaction dated on June 30, 2016. The total value of the transaction was worth $37,320.

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.

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