Morgan Stanley lowered shares of Ciena (NYSE:CIEN – Get Rating) from an overweight rating to an equal weight rating in a research report released on Wednesday morning, MarketBeat.com reports. They currently have $57.00 target price on the communications equipment provider’s stock, down from their previous target price of $59.00. CIEN has been the topic of […]
Several brokerages have updated their recommendations and price targets on shares of Ciena (NYSE: CIEN) in the last few weeks: 3/30/2023 – Ciena had its price target raised by analysts at Loop Capital from $69.00 to $71.00. 3/29/2023 – Ciena was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” […]
PSI Advisors LLC grew its stake in Ciena Co. (NYSE:CIEN – Get Rating) by 6.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,846 shares of the communications equipment provider’s stock after buying an additional 500 shares during the period. PSI Advisors LLC’s holdings in Ciena were worth $400,000 as of its most […]
California Public Employees Retirement System boosted its position in shares of Ciena Co. (NYSE:CIEN – Get Rating) by 20.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 349,802 shares of the communications equipment provider’s stock after buying an additional 60,093 shares during the quarter. California Public Employees Retirement System’s holdings in Ciena were worth […]
Ciena Co. (NYSE:CIEN – Get Rating) Director Thomas Michael Nevens sold 21,737 shares of Ciena stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $74.31, for a total transaction of $1,615,276.47. Following the sale, the director now owns 12,732 shares of the company’s stock, valued at $946,114.92. […]