CIENA Corp’s filing revealed that its SVP and General Counsel Kosaraju Sheela unloaded Company’s shares for reported $0.14 million on Jul 01 ’25. In the deal valued at $80.50 per share,1,748 shares were sold. As a result of this transaction, Kosaraju Sheela now holds 88,329 shares worth roughly $7.19 million.
Then, SMITH GARY B sold 6,800 shares, generating $546,409 in total proceeds. Upon selling the shares at $80.35, the President, CEO now owns 332,357 shares.
Before that, Phipps Jason sold 2,325 shares. CIENA Corp shares valued at $187,162 were divested by the SVP Global Sales and Marketing at a price of $80.50 per share. As a result of the transaction, Phipps Jason now holds 84,833 shares, worth roughly $6.9 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 Thursday, CIENA Corp [NYSE:CIEN] saw its stock jump 2.34% to $81.38. Over the last five days, the stock has lost -0.16%. CIENA Corp shares have risen nearly 70.47% since the year began. Nevertheless, the stocks have fallen -4.04% 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 80.15, which if violated will result in even more drops to 78.91. On the upside, there is a resistance level at 82.23. A further resistance level may holdings at 83.07.
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.
