Ciena Corporation (NYSE:CIEN) gets downgraded to Market Perform by Northland Securities

Analyst Ratings For Ciena Corporation (NYSE:CIEN)

Today, Ciena Corporation (NYSE:CIEN) stock was downgraded by Northland Securities from Outperform to Market Perform.

There are 14 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Ciena Corporation (NYSE:CIEN) is Buy with a consensus target price of $32.4545 per share, a potential 3.89% upside.

Some recent analyst ratings include

  • 10/1/2018-Ciena Corporation (NYSE:CIEN) gets downgraded to Market Perform by Northland Securities
  • 9/26/2018-Ciena Corporation (NYSE:CIEN) gets downgraded to Neutral by UBS Group with a price target of $33.00
  • 9/13/2018-Ciena Corporation (NYSE:CIEN) gets downgraded to Equal Weight by Morgan Stanley with a price target of $32.00
  • 8/31/2018-Ciena Corporation (NYSE:CIEN) had its Buy rating reiterated by William Blair


  • On 9/24/2018 Jason Phipps, SVP, sold 1,581 with an average share price of $30.98 per share and the total transaction amounting to $48,979.38.
  • On 9/21/2018 Rick Hamilton, SVP, sold 2,931 with an average share price of $31.27 per share and the total transaction amounting to $91,652.37.
  • On 9/19/2018 Gary B. Smith, CEO, sold 9,600 with an average share price of $30.57 per share and the total transaction amounting to $293,472.00.
  • On 9/19/2018 James E. Moylan, Jr., SVP, sold 2,000 with an average share price of $30.75 per share and the total transaction amounting to $61,500.00.
  • On 9/17/2018 James Frodsham, VP, sold 2,000 with an average share price of $30.94 per share and the total transaction amounting to $61,880.00.
  • On 9/17/2018 Stephen B. Alexander, SVP, sold 2,500 with an average share price of $30.94 per share and the total transaction amounting to $77,350.00.
  • On 9/14/2018 David M. Rothenstein, VP, sold 2,000 with an average share price of $31.09 per share and the total transaction amounting to $62,180.00.

About Ciena Corporation (NYSE:CIEN)
Ciena Corporation provides hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform and the 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 4200 Advanced Services Platform, 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Software and Software-Related Services segment offers network management solutions, including the OneControl Unified Management System, ON-Center Network & Service Management Suite, Ethernet Services Manager, Optical Suite Release, and Planet Operate; and Blue Planet network virtualization, service orchestration, and network management software platform, as well as related installation, support, and consulting services. Its Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.

Recent Trading Activity for Ciena Corporation (NYSE:CIEN)
Shares of Ciena Corporation closed the previous trading session at 31,24 +0,23 0,74 % with 30.83 shares trading hands.

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