The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. CIENA Corp shares valued at $543,252 were sold by SMITH GARY B on May 15 ’25. At $79.89 per share, SMITH GARY B sold 6,800 shares. The insider’s holdings dropped to 362,080 shares worth approximately $29.01 million following the completion of this transaction.
Also, Gage Brodie sold 350 shares, netting a total of over 27,534 in proceeds. Following the sale of shares at $78.67 each, the insider now holds 46,233 shares.
Before that, Rothenstein David M had sold 2,500 shares from its account. In a trade valued at $199,826, the SVP and Chief Strategy Officer traded CIENA Corp shares for $79.93 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $16.21 million.
As published in a research note from Northland Capital on March 12, 2025, CIENA Corp [CIEN] has been rated up from a Market perform to an Outperform and the price target has been revised to $75. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in late January. As of December 13, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for CIEN. Earlier on October 28, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for CIEN stock which previously was a “an Overweight”.
Analyzing CIEN Stock Performance
During the last five days, there has been a surge of approximately 0.40%. Over the course of the year, CIENA Corp shares have dropped approximately -5.53%. Shares of the company reached a 52-week high of $101.44 on 01/24/25 and a 52-week low of $49.21 on 04/04/25.
Support And Resistance Levels for CIENA Corp (CIEN)
According to the 24-hour chart, there is a support level at 79.44, which, if violated, would cause prices to drop to 78.76. In the upper region, resistance lies at 81.03. The next price resistance is at 81.93. RSI (Relative Strength Index) is 69.50 on the 14-day chart, showing neutral technical sentiment.
