James Moylan, Svp Finance, Cfo at Ciena Corporation (NYSE:CIEN) reported selling 1,000 shares of common stock, at a price of $22.48 per share. The transaction was made pursuant to Rule 10b5-1 trading plan dated 4/5/2013 and amended on 10/11/13. Currently, Mr. Moylan owns 375,261 shares at the company, amount which includes unvested Restricted Stock Units (RSUs). Over the course of this quarter, Mr. Moylan has sold 2,000 shares, in addition to the reported 1,000 share sale, at prices ranging from $ 20.40 to $ 20.62 per share. Other insider sales have been registered during Q2 2014. Sr. Vo, General Counsel David Rothenstein sold 4,500 shares, at prices ranging from $ 18.69 to $ 22.23 per share, Sr. Vp, Chief Technology Officer Stephen Alexander sold another 10,500 shares, at prices ranging from $ 22.23 to $ 22.23 per share, and Director Michael Rowny sold 8,571 shares, at an average price of $ 23.46 per share.
This $2.35 Billion Market Cap Communications & Networking Company has attracted different hedge funds. Largest investor is Platinum Asset Management, Kerr Neilson’s fund, which owns more than 7 million shares, worth above $164 million, which represents 2.93% of its Equity Portfolio.