CIENA Corp’s recently made public that its Officer Gary B. Smith acquired Company’s shares for reported $4.53 million on Jan 02 ’25. In the deal valued at $83.24 per share,54,400 shares were bought.
Then, JASON PHIPPS bought 5,648 shares, generating $478,052 in total proceeds.
Before that, DiPerna Dino sold 2,682 shares. CIENA Corp shares valued at $235,050 were divested by the SVP Global R&D at a price of $87.64 per share. As a result of the transaction, DiPerna Dino now holds 50,607 shares, worth roughly $4.23 million.
BofA Securities upgraded its CIENA Corp [CIEN] rating to a Buy from a a Neutral in a research note published on December 13, 2024; the price target was increased to $95 from $70. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late October from “an Overweight” to “an Equal-weight”. Evercore ISI also remained covering CIEN and has decreased its forecast on October 15, 2024 with a “an In-line” recommendation from previously “an Outperform” rating. Exane BNP Paribas revised its rating on October 09, 2024. It rated CIEN as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of CIEN
On Friday, CIENA Corp [NYSE:CIEN] saw its stock jump 0.44% to $83.61. Over the last five days, the stock has lost -5.46%. CIENA Corp shares have fallen nearly -1.41% since the year began. Nevertheless, the stocks have risen 87.55% over the past one year. While a 52-week high of $91.82 was reached on 01/02/25, a 52-week low of $43.30 was recorded on 01/02/25. SMA at 50 days reached $74.04, while 200 days put it at $57.36.
Levels Of Support And Resistance For CIEN Stock
The 24-hour chart illustrates a support level at 82.98, which if violated will result in even more drops to 82.36. On the upside, there is a resistance level at 84.37. A further resistance level may holdings at 85.14. The Relative Strength Index (RSI) on the 14-day chart is 56.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.69%. Stochastics %K at 31.97% indicates the stock is a holding.
How much short interest is there in CIENA Corp?
A steep rise in short interest was recorded in CIENA Corp stocks on 2024-11-29, growing by 0.22 million shares to a total of 6.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.03 million shares. There was a rise of 3.59%, which implies that there is a positive sentiment for the stock.
