PRESIDENT, CEO of Ciena Corporation (CIEN) Gary B Smith sells 23,347 shares of CIEN on 12/21/2012 at an average price of $15.24 a share.

Ciena Corporation has a market cap of $1.58 billion; its shares were traded at around $15.73 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 23,347 shares of CIEN stock on 12/21/2012 at the average price of 15.24. Gary B Smith owns at least 391,363 shares after this. The price of the stock has increased by 3.22% since.
• PRESIDENT, CEO Gary B Smith sold 6,200 shares of CIEN stock on 12/19/2012 at the average price of 15.79. Gary B Smith owns at least 403,594 shares after this. The price of the stock has decreased by 0.38% since.
• PRESIDENT, CEO Gary B Smith sold 49,600 shares of CIEN stock on 12/03/2012 at the average price of 15.22. Gary B Smith owns at least 305,914 shares after this. The price of the stock has increased by 3.35% since.
• PRESIDENT, CEO Gary B Smith sold 8,162 shares of CIEN stock on 09/21/2012 at the average price of 14.07. Gary B Smith owns at least 355,514 shares after this. The price of the stock has increased by 11.8% since.
• PRESIDENT, CEO Gary B Smith sold 6,200 shares of CIEN stock on 08/13/2012 at the average price of 17.92. Gary B Smith owns at least 363,676 shares after this. The price of the stock has decreased by 12.22% since.

CFO Recent Trades:

• SVP Finance, CFO James E Jr Moylan sold 7,665 shares of CIEN stock on 12/21/2012 at the average price of 15.24. James E Jr Moylan owns at least 334,489 shares after this. The price of the stock has increased by 3.22% since.
• SVP Finance, CFO James E Jr Moylan sold 3,559 shares of CIEN stock on 09/21/2012 at the average price of 14.07. James E Jr Moylan owns at least 294,159 shares after this. The price of the stock has increased by 11.8% 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:

• Senior Vice President Francois Locoh-donou sold 2,792 shares of CIEN stock on 12/21/2012 at the average price of 15.24. Francois Locoh-donou owns at least 223,334 shares after this. The price of the stock has increased by 3.22% since.
• Sr. VP, Philippe Morin sold 11,386 shares of CIEN stock on 12/21/2012 at the average price of 15.24. Philippe Morin owns at least 227,620 shares after this. The price of the stock has increased by 3.22% since.
• SVP, Global Marketing James Richard Jr Dodd sold 2,116 shares of CIEN stock on 12/21/2012 at the average price of 15.23. James Richard Jr Dodd owns at least 105,341 shares after this. The price of the stock has increased by 3.28% since.
• Sr VP Chief Technology Officer Stephen B Alexander sold 7,289 shares of CIEN stock on 12/21/2012 at the average price of 15.23. Stephen B Alexander owns at least 203,573 shares after this. The price of the stock has increased by 3.28% since.
• SR. VP, Chief Strategy Officer James Frodsham sold 9,260 shares of CIEN stock on 12/21/2012 at the average price of 15.23. James Frodsham owns at least 187,544 shares after this. The price of the stock has increased by 3.28% 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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