CIENA Corp’s filing revealed that its SVP, General Mgr. Blue Planet Cumello Joseph unloaded Company’s shares for reported $0.17 million on Jun 27 ’25. In the deal valued at $81.64 per share,2,044 shares were sold. As a result of this transaction, Cumello Joseph now holds 47,198 shares worth roughly $3.84 million.
Then, JOSEPH CUMELLO bought 2,044 shares, generating $166,606 in total proceeds.
Before that, SMITH GARY B sold 6,800 shares. CIENA Corp shares valued at $504,458 were divested by the President, CEO at a price of $74.19 per share. As a result of the transaction, SMITH GARY B now holds 348,480 shares, worth roughly $28.34 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 -0.96% to $81.33. Over the last five days, the stock has gained 7.81%. CIENA Corp shares have risen nearly 70.65% since the year began. Nevertheless, the stocks have fallen -4.10% 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 80.63, which if violated will result in even more drops to 79.92. On the upside, there is a resistance level at 82.66. A further resistance level may holdings at 83.98.
How much short interest is there in CIENA Corp?
A steep rise in short interest was recorded in CIENA Corp stocks on 2025-06-13, growing by 0.97 million shares to a total of 4.87 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 3.9 million shares. There was a rise of 19.93%, which implies that there is a positive sentiment for the stock.
