Recent Insider Trading: Ciena Corporation (CIEN)

Ciena Corporation (NYSE:CIEN) insider has recently participated in insider trading activity. SVP Finance, CFO, MOYLAN JAMES E JR sold 1,000 shares for $17.86 via one transaction Feb 10. Following the transaction, the insider now owns 441,810 shares in total, priced at $8522514.9 as of Tuesday. Another notable insider trading was done by the same insider on Feb 04. MOYLAN JAMES E JR acquired 1,000 shares at an average price of $19.00 for a total of $288,514. Moreover, Rothenstein David M carried out a sale of 1,500 shares at $19.00 each on Feb 04. The transaction amounted to $288,514. Sr VP Chief Technology Officer ALEXANDER STEPHEN B sold 3,500 shares for $17.86 through one transaction Jan 15. Following this sale, this insider’s stake in the company comprises 166,535 shares, priced at $3212460.15 as of Tuesday.

The stock has experienced a total of 28 insider trades in the past three months. These trades include 20 sell activities and 8 buy trades. Furthermore, over the past 12 months, the stock was traded 144 times by insiders. In 126 of these trades, the insider was a seller while an employee of the company was the buyer in just 18 instances.

On February 16, 2016 Ciena Corporation (CIEN) announce results for its fiscal first quarter ended January 31, 2016 on Thursday, March 3, 2016 before the open of the financial markets. The press release also will be available on Ciena’s website at www.ciena.com.

In conjunction with the announcement, Ciena’s management will host a live audio web broadcast beginning at 8:30 AM (Eastern) on March 3, 2016 accessible via www.ciena.com.

Rebroadcast Information

For those listeners unable to participate in the live web broadcast, an archived version of the conference call will be available shortly following the conclusion of the live call in the Investor Relations/Events section of Ciena’s website at www.ciena.com.

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.