Pre-Movers Stocks In Imitation: Ciena Corporation (NYSE:CIEN), GasLog Partners LP (NYSE:GLOP)

Ciena Corporation (NYSE:CIEN) [Trend Analysis] retains strong position in active trade, as shares scoring 2.97% to $24.65 in a active trade session, while looking at the shares volume, around 2.29 Million shares have changed hands in this session. Ciena (CIEN) reported that François Locoh-Donou will step down as senior vice president and chief operating officer, effective on or about March 23, 2017. The company said its management team is executing on its proven succession planning process to ensure a smooth transition for the organization.

Locoh-Donou joined the company in 2002 and served in several leadership positions before becoming COO in November 2015. The firm has institutional ownership of 99.70%, while insider ownership included 1.70%. CIEN attains analyst recommendation of 1.90 with week’s performance of 3.92%. Investors looking further ahead will note that the Price to next year’s EPS is 15.01%.

GasLog Partners LP (NYSE:GLOP) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -6.58% to 20.60 with around 3.51 Million shares have changed hands in this session. GasLog Partners LP (GLOP) declared that it has priced its public offering of 3,750,000 common units at a price to the public of $20.50 per common unit. The underwriter has a 30-day option to purchase up to 562,500 additional common units from the Partnership.

The Partnership plans to use the net proceeds from the public offering for general partnership purposes, which may include future acquisitions, debt repayment, capital expenditures and additions to working capital. We currently expect that this will include future acquisitions from GasLog Ltd., our parent (“GasLog”). The stock is going forward its fifty-two week low with 108.14% and lagging behind from its 52-week high price with -9.25%.

Similar, the positive performance for the quarter recorded as -1.45% and for the year was 102.10%, while the YTD performance remained at 0.24%. GLOP has Average True Range for 14 days of 0.71.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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