Ciena (CIEN)’s Stock Insider Trade – Rick Hamilton Sells 1,184 Shares; Contango Oil & Gas Co (MCF)’s Sentiment Is 0.49

March 23, 2018 - By Richard Conner

SVP – Software and Services, Rick Hamilton is the Ciena Corp’s insider who sold shares of Ciena Corp, 1,184 to be precise. The reported shares were based on $26.6, with the transaction valued at near $31,471 USD. Mr. Rick at the moment holds 62,712 shares, accounting for 0.04% of the Company’s total market cap. The transaction, dated 23/03/2018, is recorded on a filing filed with the SEC and is freely available for public review here.

Contango Oil & Gas Company, an independent oil and natural gas company, acquires, explores, develops, exploits, and produces natural gas and crude oil properties in the offshore shallow waters of the Gulf of Mexico, and in the onshore Texas and Wyoming in the United States. The company has market cap of $91.73 million. As of December 31, 2016, it had proved reserves of approximately 151.8 billion cubic feet equivalent, including 105.1 billion cubic feet of natural gas, 3.4 million barrels of crude oil and condensate, and 4.4 million barrels of natural gas liquids. It currently has negative earnings.

The stock decreased 0.28% or $0.01 during the last trading session, reaching $3.6. About 137,276 shares traded. Contango Oil & Gas Company (MCF) has declined 40.53% since March 23, 2017 and is downtrending. It has underperformed by 57.23% the S&P500.

Messner & Smith Theme Value Investment Management Ltd Ca holds 2.65% of its portfolio in Contango Oil & Gas Company for 306,548 shares. Proxima Capital Management Llc owns 266,064 shares or 0.75% of their US portfolio. Moreover, Ariel Investments Llc has 0.19% invested in the company for 3.34 million shares. The Florida-based Intrepid Capital Management Inc has invested 0.11% in the stock. Oaktree Capital Management Lp, a California-based fund reported 1.30 million shares.

Analysts await Contango Oil & Gas Company (NYSEAMERICAN:MCF) to report earnings on May, 8. They expect $-0.17 EPS, down 525.00% or $0.21 from last year’s $0.04 per share. After $-0.23 actual EPS reported by Contango Oil & Gas Company for the previous quarter, Wall Street now forecasts -26.09% EPS growth.

The stock decreased 0.12% or $0.03 during the last trading session, reaching $25.99. About 1.04M shares traded. Ciena Corporation (NYSE:CIEN) has risen 44.43% since March 23, 2017 and is uptrending. It has outperformed by 27.73% 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 $3.73 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 5.53 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.

Among 23 analysts covering Ciena (NYSE:CIEN), 19 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Ciena has $3600 highest and $17 lowest target. $28.39’s average target is 9.23% above currents $25.99 stock price. Ciena had 87 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by Jefferies on Monday, December 4. The firm has “Buy” rating given on Friday, June 3 by Jefferies. The stock of Ciena Corporation (NYSE:CIEN) has “Hold” rating given on Friday, December 11 by Deutsche Bank. The company was initiated on Tuesday, August 18 by Northland Capital. The stock of Ciena Corporation (NYSE:CIEN) has “Equal-Weight” rating given on Friday, March 9 by Morgan Stanley. Morgan Stanley initiated it with “Equal-Weight” rating and $25 target in Friday, October 9 report. The firm has “Buy” rating by M Partners given on Monday, June 6. The stock has “Hold” rating by Deutsche Bank on Wednesday, May 24. The stock of Ciena Corporation (NYSE:CIEN) has “Mkt Perform” rating given on Wednesday, August 26 by Raymond James. The firm has “Buy” rating by Bank of America given on Monday, November 27.

Since September 27, 2017, it had 0 buys, and 34 insider sales for $2.74 million activity. SMITH GARY B also sold $217,247 worth of Ciena Corporation (NYSE:CIEN) shares. Another trade for 2,000 shares valued at $52,263 was made by MOYLAN JAMES E JR on Wednesday, March 7. Another trade for 4,000 shares valued at $89,469 was sold by FRODSHAM JAMES. $26,954 worth of stock was sold by McFeely Scott on Thursday, March 15. The insider HAMILTON RICK sold $54,056. 2,000 Ciena Corporation (NYSE:CIEN) shares with value of $53,907 were sold by Rothenstein David M. ALEXANDER STEPHEN B had sold 2,500 shares worth $53,275.

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