Ciena (CIEN) sees Significant Insider Sales Extending the Trend of Last Quarter

Tuesday, December 26, 2017 10:15 PM ET

Ciena (CIEN) sees Significant Insider Sales Extending the Trend of Last Quarter

SEC filings today reported significant insider sales of Ciena shares as nine insiders listed below, disposed of 204,592 shares in the company having a market value of approximately $4,341,442. There have been 7 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 82,875 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 287,467 shares and have averaged 17,967 shares per transaction over this time period.

The level of buy/sell trading at Ciena is is above the 71 peer company average over the last 90-day period. However, the number of shares per average transaction for Ciena insider buy-sell trading is very close to the average of the Communications & Networking peer group of companies. This peer group saw 122,400 shares purchased and 1,444,985 shares sold resulting in an average of 17,415 shares traded and netting out with company insiders selling 14,695 shares on average.

Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in composing and writing this story.

Today’s Insider Activity
* Gary B Smith, Director and Officer, sold 113,735 shares
* Stephen B Alexander, Officer, sold 16,302 shares
* Andrew C Petrik, Officer, sold 3,800 shares
* James E Moylan Jr, Officer, sold 27,284 shares
* Rick Hamilton, Officer, sold 3,398 shares
* James Frodsham, Officer, sold 16,312 shares
* David M Rothenstein, Officer, sold 19,366 shares
* Scott McFeely, Officer, sold 2,784 shares
* Jason Phipps, Officer, sold 1,611 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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