Patrick Gallagher Sells 3000 Shares of Ciena Corporation (CIEN) Stock

Xavier Trudeau
Juin 25, 2017

Therefore 89% are positive. Bank of America Corporation cut Ciena Corporation from a buy rating to a neutral rating and boosted their price objective for the stock from $26.39 to $28.00 in a research note on Friday, March 3rd. As per Friday, May 26, the company rating was maintained by Canaccord Genuity. Mason Street Limited stated it has 0.04% in Ciena Corporation (NYSE:CIEN). The stock has "Hold" rating by Benchmark on Wednesday, June 29.

Sunbelt Secs holds 0% of its portfolio in Ciena Corporation (NYSE:CIEN) for 1,054 shares. The stock has "Equal Weight" rating by Morgan Stanley on Thursday, August 13. The firm has "Buy" rating by Dougherty & Company given on Friday, September 2. FBR Capital upgraded the shares of KN in report on Monday, September 28 to "Mkt Perform" rating. The shares were sold at an average price of $21.98, for a total value of $43,960.00. The Nichols & Pratt Advisers Llp holds 700,998 shares with $41.34 million value, down from 732,896 last quarter.

Returns and Valuations for Amgen Inc. It closed at $63.68 lastly.

These analysts also forecasted Growth Estimates for the Current Quarter for CIEN to be 16.7%. It has outperformed by 27.73% the S&P500. About 837,084 shares traded.

Yet another important factor while evaluating a good buy/sell decision for Ciena Corporation (CIEN) is its Earnings per Share or EPS. It has outperformed by 86.48% the S&P500.

Ciena Corporation is a network strategy and technology company, which provides solutions that enable a range of network operators to adopt communication architectures and deliver an array of services, relied upon by enterprise and consumer end users. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 33.63 and a beta of 1.71. It provides equipment, software and services that support the transport, switching, aggregation, service delivery and management of voice, video and data traffic on communications networks.

Heading into the stock price potential, Ciena Corporation needs to grow just 23.36% to cross its median price target of $32. It divisions include Networking Platforms; Software and Software-Related Services, and Global Services. Also, SVP James E. Moylan, Jr. sold 2,000 shares of the business's stock in a transaction dated Thursday, April 6th. HAMILTON RICK had sold 247 shares worth $5,916. PETRIK ANDREW C had sold 4,019 shares worth $100,555. The share price was last seen -4.14% lower, reaching at $6.95 on Jun. 22, 2017. Shares for $60,330 were sold by NETTLES PATRICK H on Tuesday, March 21.

Investors sentiment increased to 1.26 in Q4 2016. It increased, as 34 investors sold Ciena Corporation shares while 82 reduced holdings. 54 funds opened positions while 92 raised stakes. 138.50 million shares or 4.28% more from 132.81 million shares in 2016Q3 were reported. Ciena Corporation has a 52-week low of $17.59 and a 52-week high of $27.98. National Bank & Trust Of Montreal Can reported 155,698 shares. The company beat the analyst EPS Estimate with the difference of $0.04. Wells Fargo And Mn invested in 0% or 21,211 shares. Gemmer Asset Management Ltd Liability Corporation holds 313 shares or 0% of its portfolio. Blackrock Invest Limited Liability Corporation reported 0% stake. Bnp Paribas Invest Prns holds 0.12% or 530,721 shares. Blackrock Institutional Trust Na accumulated 0% or 550,931 shares. Shelton Capital owns 16,842 shares for 0.02% of their portfolio. Alexandria Limited Liability Company owns 8 shares. Of the analysts surveyed by Reuters that track Akorn, Inc. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Therefore 71% are positive. The stock has "Buy" rating by Piper Jaffray on Friday, June 2. Topeka Capital Markets maintained Knowles Corp (NYSE:KN) rating on Friday, February 12. Craig Hallum upgraded Knowles Corp (NYSE:KN) rating on Monday, January 4. The company was upgraded on Tuesday, August 18 by BNP Paribas. Jefferies maintained Merck & Co., Inc. Zacks downgraded Knowles Corp (NYSE:KN) on Thursday, September 17 to "Sell" rating. Needham has "Buy" rating and $3100 target. The rating was initiated by Bryan Garnier & Cie with "Buy" on Friday, January 13.

Analysts await Merck & Co., Inc. With 549,800 avg volume, 28 days are for Knowles Corporation (NYSE:KN)'s short sellers to cover KN's short positions. During the same period in the previous year, the company posted $0.34 earnings per share. MRK's profit will be $2.43 billion for 18.09 P/E if the $0.88 EPS becomes a reality. As of the last earnings report the EPS was $0.76 and is expected to be $1.77 for the current year with 141,831,000 shares outstanding.

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