What: Shares of Ciena Corporation (NYSE:CIEN) were down 17.2% as of 11:15 a.m. EST Thursday after the telecommunications networking equipment specialist reported solid fiscal fourth-quarter 2015 results, but followed with disappointing guidance.
What: Shares of Ciena (NYSE:CIEN) fell 12.1% in August according to data from S&P Capital IQ. The maker of long-haul and optical-networking equipment dipped as much as 19.8% before making a spirited comeback at the end of the month.
Business Finance News highlights the latest insider selling activity at Intel Corporation (NASDAQ:INTC), salesforce.com, inc. (NYSE:CRM), Ciena Corporation (NYSE:CIEN). The financial details of the trades are reported below.
Two noteworthy companies -- communications networking concern Ciena Corporation (NYSE:CIEN) and software giant Adobe Systems Incorporated (NASDAQ:ADBE) -- are set to step into the earnings booth tomorrow.
Invesco Ltd filed with the SEC SC 13G/A form for Ciena Corp. The form can be accessed here: 000091420816000619. As reported in Invesco Ltd's form, the filler as of late owns 5.1% or 6,998,065 shares of the Information Technology–company.
According to the brokerages that became part of Thomson Reuters survey, Ciena Corporation (NYSE:CIEN) has obtained a consensus price target of $26.10, reflecting the average recommendations of reputed brokerage firms.