In a filing, CIENA Corp revealed its President, CEO SMITH GARY B unloaded Company’s shares for reported $0.55 million on Jun 02 ’25. In the deal valued at $80.62 per share,6,800 shares were sold. As a result of this transaction, SMITH GARY B now holds 355,280 shares worth roughly $25.74 million.
Then, SMITH GARY B sold 6,800 shares, generating $543,252 in total proceeds. Upon selling the shares at $79.89, the President, CEO now owns 362,080 shares.
Before that, Gage Brodie sold 350 shares. CIENA Corp shares valued at $27,534 were divested by the SVP Global Products & Supply at a price of $78.67 per share. As a result of the transaction, Gage Brodie now holds 46,233 shares, worth roughly $3.35 million.
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 -0.36% to $72.46. Over the last five days, the stock has lost -11.36%. CIENA Corp shares have fallen nearly -14.56% since the year began. Nevertheless, the stocks have risen 50.21% 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 $70.07, while 200 days put it at $71.53.
Levels Of Support And Resistance For CIEN Stock
The 24-hour chart illustrates a support level at 71.23, which if violated will result in even more drops to 70.01. On the upside, there is a resistance level at 74.15. A further resistance level may holdings at 75.85. The Relative Strength Index (RSI) on the 14-day chart is 40.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.05%. Stochastics %K at 12.78% indicates the stock is a buying.
