In a filing, CIENA Corp revealed its Officer DAVID ROTHENSTEIN acquired Company’s shares for reported $0.18 million on Jun 16 ’25. In the deal valued at $72.16 per share,2,500 shares were bought.
Then, BRODIE GAGE bought 350 shares, generating $25,410 in total proceeds.
Before that, SMITH GARY B sold 6,800 shares. CIENA Corp shares valued at $548,203 were divested by the President, CEO at a price of $80.62 per share. As a result of the transaction, SMITH GARY B now holds 355,280 shares, worth roughly $26.21 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 jump 2.22% to $73.76. Over the last five days, the stock has gained 1.79%. CIENA Corp shares have fallen nearly -13.03% since the year began. Nevertheless, the stocks have risen 51.21% over the past one year. While a 52-week high of $101.44 was reached on 01/24/25, a 52-week low of $44.89 was recorded on 04/04/25.
Levels Of Support And Resistance For CIEN Stock
The 24-hour chart illustrates a support level at 72.57, which if violated will result in even more drops to 71.37. On the upside, there is a resistance level at 74.94. A further resistance level may holdings at 76.12.
