CIENA Corp’s filing revealed that its President, CEO SMITH GARY B unloaded Company’s shares for reported $0.61 million on Feb 18 ’25. In the deal valued at $89.39 per share,6,800 shares were sold. As a result of this transaction, SMITH GARY B now holds 405,349 shares worth roughly $30.28 million.
Then, Gage Brodie sold 350 shares, generating $31,556 in total proceeds. Upon selling the shares at $90.16, the SVP Global Products & Supply now owns 49,197 shares.
Before that, BRODIE GAGE bought 350 shares. CIENA Corp shares valued at $31,556 were divested by the Officer at a price of $90.16 per share.
JP Morgan upgraded its CIENA Corp [CIEN] rating to an Overweight from a a Neutral in a research note published on January 28, 2025; the price target was increased to $88 from $84. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “a Buy”. Morgan Stanley also remained covering CIEN and has decreased its forecast on October 28, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Evercore ISI revised its rating on October 15, 2024. It rated CIEN as “an In-line” which previously was an “an Outperform”.
Price Performance Review of CIEN
On Monday, CIENA Corp [NYSE:CIEN] saw its stock fall -6.13% to $74.69. Over the last five days, the stock has lost -7.14%. CIENA Corp shares have fallen nearly -11.93% since the year began. Nevertheless, the stocks have risen 31.91% over the past one year. While a 52-week high of $101.44 was reached on 01/24/25, a 52-week low of $43.30 was recorded on 03/03/25. SMA at 50 days reached $85.66, while 200 days put it at $64.60.
Levels Of Support And Resistance For CIEN Stock
The 24-hour chart illustrates a support level at 71.89, which if violated will result in even more drops to 69.09. On the upside, there is a resistance level at 79.02. A further resistance level may holdings at 83.35. The Relative Strength Index (RSI) on the 14-day chart is 35.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.32%. Stochastics %K at 13.99% indicates the stock is a buying.
