Shares of Ciena Corporation (CIEN) Rally 4.77%

Ciena Corporation (CIEN) has been under a strong bear grip, hence the stock is down -7.2% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.22% in the past 1 week. The stock has risen by 4.77% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.15% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 3.47% and the 50-Day Moving Average is 8.03%.

Ciena Corporation (NYSE:CIEN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.57 and $19.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.00, notching a gain of 2.67% for the day. The total traded volume was 5,454,857 . The stock had closed at $19.48 on the previous day.


The company Insiders own 1.72% of Ciena Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.49% . Institutional Investors own 99.52% of Ciena Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -6.05%. In a related news,The director officer (PRESIDENT, CEO) of Ciena Corp, Smith Gary B sold 8,000 shares at $19.65 on July 13, 2016. The Insider selling transaction had a total value worth of $157,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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