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Abovenet Inc. (ABVT) SVP & CFO Joseph Ciavarella sells 17,000 Shares

November 19, 2009 | About:

insider

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SVP & CFO of Abovenet Inc. (ABVT) Joseph Ciavarella sells 17,000 shares of ABVT on 11/17/2009 at an average price of $56.15 a share.

AboveNet, Inc., together with its subsidiaries, provides bandwidth, fiber optic communications infrastructure, and co-location services to communications carriers, and corporate and government customers, primarily in the United States and the United Kingdom. Its private optical network delivers key network and IP services in and among 15 major U.S. metro markets and London. AboveNet's network is widely used in demanding markets such as financial services, media, health care, retail and government. The Company provides lit broadband services over its metro networks, long haul network and global IP network utilizing equipment that it owns and operates. In addition, it also provides dark fiber services to customers. Formerly known as Metromedia Fiber Network, Inc., the company is based in White Plains, New York with an additional office in London, the United Kingdom. Abovenet Inc. has a market cap of $1.3 billion; its shares were traded at around $56.55 with a P/E ratio of 10.4 and P/S ratio of 4.1.

Insiders' Positions with ABVT



  • Sell:: President & CEO William G Laperch sold 1,600 shares of ABVT stock on 11/11/2009 at the average price of 54.08, the price of the stock has increased by 4.57% since
  • Sell:: President & CEO William G Laperch sold 1,600 shares of ABVT stock on 11/11/2009 at the average price of 54.08, the price of the stock has increased by 4.57% since
  • Sell:: President & CEO William G Laperch sold 16,206 shares of ABVT stock on 08/31/2009 at the average price of 46.35, the price of the stock has increased by 22.01% since
  • Sell:: President & CEO William G Laperch sold 38,000 shares of ABVT stock on 08/18/2009 at the average price of 46.66, the price of the stock has increased by 21.2% since


Insiders' Positions with ABVT



  • Sell:: SVP of Sales and Marketing John Jacquay sold 28,795 shares of ABVT stock on 11/12/2009 at the average price of 53.61, the price of the stock has increased by 5.48% since
  • Sell:: SVP of Sales and Marketing John Jacquay sold 7,181 shares of ABVT stock on 11/11/2009 at the average price of 54.05, the price of the stock has increased by 4.63% since
  • Sell:: SVP of Operations Douglas Jendras sold 49,838 shares of ABVT stock on 11/10/2009 at the average price of 53.61, the price of the stock has increased by 5.48% since
  • Sell:: SVP of Sales and Marketing John Jacquay sold 11,992 shares of ABVT stock on 10/14/2009 at the average price of 50.02, the price of the stock has increased by 13.05% since
  • Sell:: SVP & Chief Technology Officer Rajiv Datta sold 25,100 shares of ABVT stock on 08/26/2009 at the average price of 47.51, the price of the stock has increased by 19.03% since


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