In a filing, CIENA Corp revealed its SVP Global Sales and Marketing Phipps Jason unloaded Company’s shares for reported $1.13 million on Apr 01 ’25. In the deal valued at $59.88 per share,18,888 shares were sold. As a result of this transaction, Phipps Jason now holds 89,258 shares worth roughly $5.22 million.
Then, Kosaraju Sheela sold 1,381 shares, generating $83,564 in total proceeds. Upon selling the shares at $60.51, the SVP and General Counsel now owns 91,998 shares.
Before that, JASON PHIPPS bought 18,888 shares. CIENA Corp shares valued at $1,131,013 were divested by the Officer at a price of $59.88 per share.
Northland Capital upgraded its CIENA Corp [CIEN] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “an Overweight”. BofA Securities also remained covering CIEN and has increased its forecast on December 13, 2024 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on October 28, 2024. It rated CIEN as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of CIEN
On Monday, CIENA Corp [NYSE:CIEN] saw its stock fall -0.48% to $58.50. Over the last five days, the stock has gained 5.94%. CIENA Corp shares have fallen nearly -31.02% since the year began. Nevertheless, the stocks have risen 24.20% 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 04/04/25. SMA at 50 days reached $72.41, while 200 days put it at $66.94.
Levels Of Support And Resistance For CIEN Stock
The 24-hour chart illustrates a support level at 57.17, which if violated will result in even more drops to 55.83. On the upside, there is a resistance level at 60.85. A further resistance level may holdings at 63.19. The Relative Strength Index (RSI) on the 14-day chart is 42.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.35%. Stochastics %K at 44.43% 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 2025-03-31, growing by 0.2 million shares to a total of 3.96 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 3.76 million shares. There was a rise of 5.06%, which implies that there is a positive sentiment for the stock.
