Insider Trade: David Rothenstein Unloaded 2,000 Shares of Ciena (CIEN); Inmarsat Plc (LON:ISAT) Covered By 5 Bullish Analysts Last Week

January 18, 2018 - By Dolores Ford

Among 22 analysts covering Inmarsat (LON:ISAT), 5 have Buy rating, 5 Sell and 12 Hold. Therefore 23% are positive. Inmarsat had 172 analyst reports since July 23, 2015 according to SRatingsIntel. Numis Securities maintained the stock with “Sell” rating in Wednesday, November 22 report. The company was maintained on Thursday, December 24 by AlphaValue. As per Tuesday, March 15, the company rating was maintained by Credit Suisse. The company was maintained on Monday, May 16 by Barclays Capital. On Friday, January 5 the stock rating was maintained by Deutsche Bank with “Buy”. AlphaValue maintained the stock with “Reduce” rating in Thursday, March 10 report. As per Thursday, December 8, the company rating was maintained by Credit Suisse. As per Tuesday, March 28, the company rating was upgraded by RBC Capital Markets. Deutsche Bank maintained Inmarsat Plc (LON:ISAT) on Wednesday, March 29 with “Buy” rating. The rating was maintained by Macquarie Research on Friday, August 5 with “Neutral”. See Inmarsat Plc (LON:ISAT) latest ratings:

15/01/2018 Broker: Numis Securities Rating: Sell Old Target: GBX 400.00 New Target: GBX 400.00 Maintain
12/01/2018 Broker: RBC Capital Markets Rating: Outperform Old Target: GBX 825.00 New Target: GBX 825.00 Maintain
05/01/2018 Broker: Deutsche Bank Rating: Buy Old Target: GBX 850.00 New Target: GBX 850.00 Maintain
14/12/2017 Broker: Beaufort Securities Rating: Hold New Target: GBX 475.00 Maintain
11/12/2017 Broker: Goldman Sachs Rating: Neutral Old Target: GBX 860.00 New Target: GBX 580.00 Downgrade
01/12/2017 Broker: Jefferies Rating: Buy Old Target: GBX 1100.00 New Target: GBX 1000.00 Maintain
22/11/2017 Broker: Numis Securities Rating: Sell New Target: GBX 400.00 Maintain
17/11/2017 Broker: Citigroup Rating: Neutral Old Target: GBX 770.00 New Target: GBX 530.00 Maintain
17/11/2017 Broker: Barclays Capital Rating: Equal Weight Old Target: GBX 695.00 New Target: GBX 600.00 Upgrade
16/11/2017 Broker: Deutsche Bank Rating: Buy Old Target: GBX 1010.00 New Target: GBX 850.00 Maintain

Unloading amounting to roughly $45,501 U.S Dollars was published online in a document submitted to the U.S. SEC on 16/01/2018. According to which, David Rothenstein, the Sr. VP – General Counsel of Ciena Corp also an insider of the Pinksheet-listed company had sold a total of 2,000 shares – ( at $22.8 for each one share ). He also sold 21,366 shares that are worth about $453,567 USD in the last 30 days. The regulatory filing shows that David Rothenstein now holds precisely 0.20% of the Maryland-based company’s total market cap

Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company has market cap of 2.31 billion GBP. The firm operates through five divisions: Maritime, US Government, Enterprise, Aviation, and Global Government. It has a 10.74 P/E ratio. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.

The stock decreased 1.21% or GBX 6.2 during the last trading session, reaching GBX 504.8. About 2.41 million shares traded. Inmarsat Plc (LON:ISAT) has 0.00% since January 18, 2017 and is . It has underperformed by 16.70% the S&P500.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.26, from 1.26 in 2017Q2. It is negative, 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. Tcw Grp Inc owns 636,796 shares. Shannon River Fund Mngmt invested in 1.8% or 250,953 shares. Bridgeway Capital Mgmt Inc owns 18,100 shares. Legal And General Group Incorporated Public Limited Company owns 128,079 shares for 0% of their portfolio. Millennium Ltd Limited Liability Company accumulated 466,152 shares or 0.02% of the stock. Putnam Invs Llc holds 0% of its portfolio in Ciena Corporation (NYSE:CIEN) for 88,300 shares. Northern holds 2.27 million shares or 0.01% of its portfolio. Tiaa Cref Investment Management Limited Liability Corporation reported 0.07% of its portfolio in Ciena Corporation (NYSE:CIEN). Moreover, Nomura Holdings Incorporated has 0% invested in Ciena Corporation (NYSE:CIEN). Weaver C Barksdale And Associate holds 0.02% in Ciena Corporation (NYSE:CIEN) or 640 shares. First Advsrs Ltd Partnership has 99,088 shares for 0.01% of their portfolio. Teachers Insur & Annuity Association Of America owns 52,330 shares. Bluefin Trading Ltd Limited Liability Company stated it has 0.03% in Ciena Corporation (NYSE:CIEN). Janney Mgmt Limited Liability Co invested in 0.49% or 513,511 shares. Petrus Lta owns 0.11% invested in Ciena Corporation (NYSE:CIEN) for 20,631 shares.

The stock decreased 2.54% or $0.58 during the last trading session, reaching $22.29. About 1.97M shares traded. Ciena Corporation (NYSE:CIEN) has risen 44.43% since January 18, 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 24.50% above currents $22.29 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 of Ciena Corporation (NYSE:CIEN) has “Hold” rating given on Friday, September 1 by Deutsche Bank. The firm earned “Buy” rating on Monday, November 27 by Bank of America. Needham maintained Ciena Corporation (NYSE:CIEN) rating on Monday, September 18. Needham has “Buy” rating and $31.0 target. On Thursday, December 7 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given on Friday, September 1 by Northland Capital. Cowen & Co maintained the stock with “Buy” rating in Thursday, August 17 report. The company was maintained on Sunday, August 27 by William Blair. The rating was maintained by Dougherty & Company with “Buy” on Friday, September 1. As per Thursday, June 1, the company rating was upgraded by Drexel Hamilton.

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 $3.20 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 2.96 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.

Since August 10, 2017, it had 0 insider buys, and 45 selling transactions for $3.16 million activity. $34,149 worth of Ciena Corporation (NYSE:CIEN) was sold by Phipps Jason on Thursday, September 21. SMITH GARY B had sold 8,000 shares worth $176,224 on Wednesday, September 27. Rothenstein David M sold $43,115 worth of Ciena Corporation (NYSE:CIEN) on Monday, October 16. Another trade for 4,375 shares valued at $94,342 was sold by PETRIK ANDREW C. Shares for $24,440 were sold by McFeely Scott. MOYLAN JAMES E JR had sold 2,000 shares worth $48,480 on Thursday, August 24. ALEXANDER STEPHEN B sold 2,500 shares worth $53,914.

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