CIENA Corp’s recently made public that its SVP Global Products & Supply Gage Brodie unloaded Company’s shares for reported $27534.0 on May 15 ’25. In the deal valued at $78.67 per share,350 shares were sold. As a result of this transaction, Gage Brodie now holds 46,233 shares worth roughly $3.76 million.
Then, Rothenstein David M sold 2,500 shares, generating $199,826 in total proceeds. Upon selling the shares at $79.93, the SVP and Chief Strategy Officer now owns 202,370 shares.
Before that, DAVID ROTHENSTEIN bought 2,500 shares. CIENA Corp shares valued at $198,825 were divested by the Officer at a price of $79.53 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 Friday, CIENA Corp [NYSE:CIEN] saw its stock jump 1.80% to $81.24. Over the last five days, the stock has gained 8.70%. CIENA Corp shares have fallen nearly -4.21% since the year began. Nevertheless, the stocks have risen 66.71% over the past one year. While a 52-week high of $101.44 was reached on 01/24/25, a 52-week low of $44.69 was recorded on 04/04/25. SMA at 50 days reached $65.86, while 200 days put it at $69.31.
Levels Of Support And Resistance For CIEN Stock
The 24-hour chart illustrates a support level at 80.02, which if violated will result in even more drops to 78.81. On the upside, there is a resistance level at 81.88. A further resistance level may holdings at 82.52. The Relative Strength Index (RSI) on the 14-day chart is 74.42, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.43%. Stochastics %K at 92.47% indicates the stock is a selling.
