PRESIDENT, CEO of CIENA CORPORATION (CIEN) Gary B Smith sells 24,800 shares of CIEN on 06/19/2012 at an average price of $15.81 a share.

Ciena Corp has a market cap of $1.53 billion; its shares were traded at around $15.31 with and P/S ratio of 0.9.

This is the annual revenues and earnings per share of CIEN over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of CIEN.

CEO Recent Trades:

• PRESIDENT, CEO Gary B Smith sold 6,200 shares of CIEN stock on 04/24/2012 at the average price of 15.46. Gary B Smith owns at least 421,297 shares after this. The price of the stock has decreased by 0.97% since.
• PRESIDENT, CEO Gary B Smith sold 8,693 shares of CIEN stock on 03/21/2012 at the average price of 15.66. Gary B Smith owns at least 426,542 shares after this. The price of the stock has decreased by 2.23% since.
• PRESIDENT, CEO Gary B Smith sold 7,738 shares of CIEN stock on 03/21/2012 at the average price of 15.66. Gary B Smith owns at least 427,497 shares after this. The price of the stock has decreased by 2.23% since.
• PRESIDENT, CEO Gary B Smith sold 7,289 shares of CIEN stock on 03/19/2012 at the average price of 16.05. Gary B Smith owns at least 435,235 shares after this. The price of the stock has decreased by 4.61% since.
• PRESIDENT, CEO Gary B Smith sold 4,800 shares of CIEN stock on 03/09/2012 at the average price of 15.07. Gary B Smith owns at least 442,524 shares after this. The price of the stock has increased by 1.59% since.

CFO Recent Trades:

• SVP Finance, CFO James E Jr Moylan sold 3,894 shares of CIEN stock on 03/21/2012 at the average price of 15.66. James E Jr Moylan owns at least 300,946 shares after this. The price of the stock has decreased by 2.23% since.
• SVP Finance, CFO James E Jr Moylan sold 3,530 shares of CIEN stock on 03/21/2012 at the average price of 15.66. James E Jr Moylan owns at least 301,310 shares after this. The price of the stock has decreased by 2.23% since.

This is the insider trade history vs. stock price of CIEN. For the complete insider trading history of CIEN, click here.

Directors and Officers Recent Trades:

• SR. VP, Chief Strategy Officer James Frodsham sold 7,000 shares of CIEN stock on 06/18/2012 at the average price of 15.72. James Frodsham owns at least 169,885 shares after this. The price of the stock has decreased by 2.61% since.
• Sr VP Chief Technology Officer Stephen B Alexander sold 3,500 shares of CIEN stock on 06/15/2012 at the average price of 15.08. Stephen B Alexander owns at least 206,921 shares after this. The price of the stock has increased by 1.53% since.
• Sr. VP, Philippe Morin sold 3,750 shares of CIEN stock on 06/07/2012 at the average price of 14.01. Philippe Morin owns at least 218,575 shares after this. The price of the stock has increased by 9.28% since.
• Director Patrick Gallagher sold 251 shares of CIEN stock on 05/30/2012 at the average price of 12.19. Patrick Gallagher owns at least 24,517 shares after this. The price of the stock has increased by 25.59% since.
• Sr VP Chief Technology Officer Stephen B Alexander sold 3,500 shares of CIEN stock on 05/15/2012 at the average price of 13.4. Stephen B Alexander owns at least 210,421 shares after this. The price of the stock has increased by 14.25% since.

For the complete insider trading history of CIEN, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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