Insider Sale: Ciena (CIEN)’s PRESIDENT – CEO Gary Smith Sold 8,000 shares; Df Dent & Co Has Lifted By $420,608 Its Middleby (MIDD) Position

As revealed in an electronic report that was submitted to the Security and Exchange Commission on January 25, 2018, Gary Smith an insider in Ciena Corp and currently PRESIDENT – CEO, made a sale of shares worth $174,776 US Dollars in the company. He sold 8,000 shares, at average $21.8 per share. It seems he is very active lately as in the last month, he quietly sold additional 129,735 shares of the company, worth $2,760,136 USD. The massive stocks unloading is sure to get stock market investors talking about the company. Gary Smith now holds 709,923 shares of the Company.

Df Dent & Co Inc increased Middleby Corp (MIDD) stake by 19.01% reported in 2017Q3 SEC filing. Df Dent & Co Inc acquired 3,286 shares as Middleby Corp (MIDD)’s stock declined 6.89%. The Df Dent & Co Inc holds 20,571 shares with $2.64 million value, up from 17,285 last quarter. Middleby Corp now has $7.52B valuation. The stock decreased 1.29% or $1.76 during the last trading session, reaching $134.49. About 404,491 shares traded. The Middleby Corporation (NASDAQ:MIDD) has risen 8.18% since January 26, 2017 and is uptrending. It has underperformed by 8.52% the S&P500.

Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company has market cap of $3.06 billion. The companyÂ’s Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. It has a 2.83 P/E ratio. The Company’s products include 6500 Packet-Optical Platform and the 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 4200 Advanced Services Platform, Corestream 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform.

Analysts await Ciena Corporation (NYSE:CIEN) to report earnings on March, 14. They expect $0.07 earnings per share, down 61.11% or $0.11 from last year’s $0.18 per share. CIEN’s profit will be $10.06M for 75.96 P/E if the $0.07 EPS becomes a reality. After $0.40 actual earnings per share reported by Ciena Corporation for the previous quarter, Wall Street now forecasts -82.50% negative EPS growth.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.26, from 1.26 in 2017Q2. It fall, as 46 investors sold Ciena Corporation shares while 79 reduced holdings. 31 funds opened positions while 94 raised stakes. 148.04 million shares or 3.07% more from 143.63 million shares in 2017Q2 were reported. Moreover, Mcf Advsrs Limited Com has 0% invested in Ciena Corporation (NYSE:CIEN). Retirement Of Alabama invested 0.08% of its portfolio in Ciena Corporation (NYSE:CIEN). Wellington Mngmt Group Inc Llp accumulated 7.32 million shares. University Of Notre Dame Du Lac accumulated 192,763 shares. Susquehanna Grp Inc Ltd Liability Partnership invested in 438,951 shares or 0% of the stock. Ingalls And Snyder Ltd Com owns 11,738 shares for 0.01% of their portfolio. Moreover, Hbk Invests Lp has 0% invested in Ciena Corporation (NYSE:CIEN) for 13,500 shares. Bnp Paribas Asset Mgmt Sa holds 0.1% or 555,317 shares. Winch Advisory Services Limited Liability Corp holds 2 shares. Dana Invest Advsrs Inc accumulated 97,354 shares. Mason Street Advsr Limited Co invested in 70,365 shares or 0.04% of the stock. Parametric Port Associates Limited Liability Corporation owns 210,272 shares for 0.01% of their portfolio. Advisory Services Network Llc owns 1,934 shares. Panagora Asset Mgmt invested 0% in Ciena Corporation (NYSE:CIEN). Commonwealth Equity accumulated 14,422 shares or 0% of the stock.

Since August 10, 2017, it had 0 insider purchases, and 48 selling transactions for $3.29 million activity. 249 shares were sold by HAMILTON RICK, worth $5,291 on Thursday, September 21. Rothenstein David M had sold 2,000 shares worth $43,200 on Friday, September 15. 1,000 shares were sold by McFeely Scott, worth $21,310 on Friday, December 15. On Thursday, September 7 MOYLAN JAMES E JR sold $43,560 worth of Ciena Corporation (NYSE:CIEN) or 2,000 shares. $61,125 worth of Ciena Corporation (NYSE:CIEN) shares were sold by ALEXANDER STEPHEN B. FRODSHAM JAMES sold $48,900 worth of stock or 2,000 shares. Another trade for 8,000 shares valued at $171,062 was sold by SMITH GARY B.

The stock decreased 1.44% or $0.31 during the last trading session, reaching $21.27. About 2.08 million shares traded. Ciena Corporation (NYSE:CIEN) has risen 44.43% since January 26, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.

Among 23 analysts covering Ciena (NYSE:CIEN), 20 have Buy rating, 0 Sell and 3 Hold. Therefore 87% are positive. Ciena has $3600 highest and $17 lowest target. $27.75’s average target is 30.47% above currents $21.27 stock price. Ciena had 80 analyst reports since August 18, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Buy” rating in Friday, September 29 report. The stock has “Neutral” rating by Citigroup on Friday, June 3. The stock has “Hold” rating by Deutsche Bank on Wednesday, May 24. The rating was downgraded by Bank of America to “Neutral” on Friday, March 3. Jefferies maintained Ciena Corporation (NYSE:CIEN) rating on Monday, August 21. Jefferies has “Buy” rating and $32.5 target. Needham maintained Ciena Corporation (NYSE:CIEN) on Monday, September 18 with “Buy” rating. The company was maintained on Thursday, August 24 by Raymond James. The rating was maintained by Stifel Nicolaus on Thursday, August 31 with “Buy”. Needham maintained the shares of CIEN in report on Monday, December 4 with “Buy” rating. The stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given on Sunday, August 27 by William Blair.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.25, from 1.05 in 2017Q2. It is negative, as 51 investors sold MIDD shares while 109 reduced holdings. 32 funds opened positions while 96 raised stakes. 51.63 million shares or 0.01% more from 51.63 million shares in 2017Q2 were reported. Columbia Wanger Asset Management Lc has invested 0.73% in The Middleby Corporation (NASDAQ:MIDD). State Of Wisconsin Investment Board has 47,390 shares. Daiwa Secs Gru accumulated 47,796 shares or 0.04% of the stock. Cwm Ltd Liability reported 0% of its portfolio in The Middleby Corporation (NASDAQ:MIDD). Logan Mngmt holds 0.6% of its portfolio in The Middleby Corporation (NASDAQ:MIDD) for 65,517 shares. Wellington Mngmt Grp Incorporated Llp holds 3.95 million shares or 0.12% of its portfolio. Gulf Interest Commercial Bank (Uk) Limited holds 17,850 shares. Shine Investment Advisory Incorporated accumulated 423 shares. Westpac Banking holds 46,528 shares. Macquarie Group Ltd owns 26,550 shares. Endurance Wealth Incorporated holds 0.02% of its portfolio in The Middleby Corporation (NASDAQ:MIDD) for 801 shares. Comerica National Bank, a Michigan-based fund reported 16,867 shares. Aqr Capital Mngmt Limited Liability Company reported 0% stake. Commonwealth Fincl Bank Of holds 0% of its portfolio in The Middleby Corporation (NASDAQ:MIDD) for 100 shares. Keybank National Association Oh holds 2,325 shares or 0% of its portfolio.

Since August 28, 2017, it had 0 insider purchases, and 3 insider sales for $2.98 million activity. LINDSAY MARTIN M also sold $1.30 million worth of The Middleby Corporation (NASDAQ:MIDD) shares. 5,600 shares were sold by OBRIEN GORDON, worth $679,868 on Monday, September 11. 8,500 shares valued at $1.01M were sold by MILLER JOHN R III on Monday, August 28.

Among 8 analysts covering Middleby (NASDAQ:MIDD), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Middleby had 16 analyst reports since November 12, 2015 according to SRatingsIntel. Roth Capital maintained The Middleby Corporation (NASDAQ:MIDD) on Thursday, November 12 with “Buy” rating. The stock of The Middleby Corporation (NASDAQ:MIDD) has “Buy” rating given on Thursday, June 22 by BMO Capital Markets. Deutsche Bank maintained the stock with “Hold” rating in Friday, November 17 report. As per Tuesday, February 14, the company rating was initiated by KeyBanc Capital Markets. The stock of The Middleby Corporation (NASDAQ:MIDD) has “Buy” rating given on Thursday, November 12 by TH Capital. BMO Capital Markets maintained the shares of MIDD in report on Thursday, August 10 with “Buy” rating. Citigroup maintained The Middleby Corporation (NASDAQ:MIDD) rating on Friday, November 10. Citigroup has “Neutral” rating and $120 target. The firm has “Outperform” rating by Robert W. Baird given on Friday, August 11. The firm has “Buy” rating given on Wednesday, November 8 by BMO Capital Markets. As per Monday, October 16, the company rating was downgraded by KeyBanc Capital Markets.