Shares of Ciena Corporation (CIEN) Sees Large Inflow of Net Money Flow

Ciena Corporation (CIEN) : Ciena Corporation (CIEN) had a healthy money flow of $0.64 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $14.02 million, whereas, investors only sold shares worth $13.38 million on downticks. The stock closed the day with an up-down ratio of 1.05.The money flow in the block trades to the tune of $0.05 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.92 million worth of transactions were on upticks. A paltry $1.87 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 1.03. Ciena Corporation (CIEN) stock slid $0.27 intraday and traded at 22.9, a change of -1.17% over previous days close. However, for the week, the company shares are 5.82% compared to previous weeks close.


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 -6.26% . Institutional Investors own 95.42% of Ciena Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -8.16%.

In a related news, Smith Gary B, director officer (PRESIDENT, CEO) of Ciena Corp, unloaded 8,000 shares at an average price of $21.87 on August 24, 2016. The total amount of the transaction was worth $174,960, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Ciena Corporation (NYSE:CIEN): stock was range-bound between the intraday low of $22.29 and the intraday high of $23.15 after having opened at $22.93 on Fridays session. The stock finally closed in the red at $22.93, a loss of -1.21%. The stock remained in the red for the whole trading day. The total traded volume was 4,303,194 shares. The stock failed to cross $23.15 in Fridays trading. The stocks closing price on Thursday was $23.17.

Ciena Corporation (CIEN) : Traders are bullish on Ciena Corporation (CIEN) as it has outperformed the S&P 500 by a wide margin of 13.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.25%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.78% in the last 1 week, and is up 13.21% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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