Boston, MA 03/07/2014 (wallstreetpr) – Cyan Inc. (NYSE:CYNI) has been surging in the market especially after news came out that its senior vice president had purchased large amount of the company’s stock. This kind of news is always sure to interest investors as it shows signs of confidence and future prospects of a company’s stock. In a filling to the SEC James A. Hamilton purchased the company’s 100,000 shares at a share price of $3.35.
The purchase news saw the company’s stock surge by a high of 16% to trade at high margins of $3.85 with more than 1.5 million shares exchanging hands which is five times more the three month moving average.
Cyan shares have not been performing well in the market having dipped by a high of 27.4% over the past year alone. Cyan dropped further in January after the company revised revenue guidance to between $20 million and $21 million down from $30 million and $33 million that was previously set.
Cyan ushers a new Carrier Network Transformation
Cyan in other news has announced the enhancement of its Cyan Z-series Packet Optical Hardware and Blue Planet SDN platform. These two solutions will be used to provide simplified end to end architecture with superior performance.
The new release will help operators simplify the transition of 100G and 100Gigabyte Ethernet in metro networks by enhancing improvement in optical capacity. The new series will also be beneficial in delivering more scalable packet aggregation and transport capabilities.
The addition of service automation features will help carriers simplify and manage more effectively their multivendor networks so as to achieve high end network control. The new Blue Planet will feature additional A to Z provision of metro Ethernet Forum MEF services.
The latest news coming out of Cyan Inc. (NYSE:CYNI) seem to have had major impact on the company’s stock which has continued to rally throughout the week. The company gained further on Thursday trading session going up by 19.88% to close the day at a high of $3.98.
