Ciena Corporation (NYSE:CIEN) Shorts Rose By 9.53%

April 16, 2018 - By Carey Conley

Ciena Corporation (NYSE:CIEN) Corporate Logo

During Q4 2017 the big money sentiment decreased to 0.94. That’s change of 0.06, from 2017Q3’s 1. 47 investors sold all, 80 reduced holdings as Ciena Corporation ratio dropped. 76 increased stakes while 44 funds acquired stakes. Funds hold 142.49 million shares thus 3.75% less from 2017Q3’s 148.04 million shares.
Arizona State Retirement Systems owns 102,708 shs. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 7,488 shs. 56,784 are owned by Ahl Ptnrs Llp. Fmr Ltd has 0% invested in Ciena Corporation (NYSE:CIEN). Shell Asset stated it has 22,381 shs. New York-based Alliancebernstein Lp has invested 0.04% in Ciena Corporation (NYSE:CIEN). Symphony Asset Mgmt Ltd reported 24,521 shs. Ny State Teachers Retirement System invested in 166,422 shs or 0.01% of the stock. Honeywell Intll Inc has invested 0.66% of its capital in Ciena Corporation (NYSE:CIEN). Wellington Management Gp Llp has invested 0.03% in Ciena Corporation (NYSE:CIEN). Oregon Pub Employees Retirement Fund has 0.02% invested in Ciena Corporation (NYSE:CIEN) for 52,264 shs. Advantus Management Incorporated invested 0.01% of its capital in Ciena Corporation (NYSE:CIEN). Meeder Asset reported 4,776 shs stake. 1.48M are held by Boston Prtnrs. Jpmorgan Chase And reported 0.01% stake.

Ciena Corporation had 46 sales and 0 insider buys since October 19, 2017. This’s net activity of $3.58 million. On Wednesday, March 21 MOYLAN JAMES E JR also sold $53,184 worth of Ciena Corporation (NYSE:CIEN). On Thursday, March 15 the insider ALEXANDER STEPHEN B sold $67,396. PETRIK ANDREW C sold $15,496 worth of Ciena Corporation (NYSE:CIEN) on Wednesday, March 21. FRODSHAM JAMES also sold $53,905 worth of Ciena Corporation (NYSE:CIEN) on Thursday, March 15. 2,000 shs valued at $53,907 were sold by Rothenstein David M on Thursday, March 15. On Thursday, January 11 SMITH GARY B also sold $174,903 worth of Ciena Corporation (NYSE:CIEN).

Ciena Corporation (NYSE:CIEN) had an increase of its shorted shares by 9.53%. FINRA published shorted shares of CIEN’s total 18.64M shares. Previously was reported up change of 9.53% from 17.02M shares. Previous CIEN’s position will need 7 days to recover. It has 2.51 million average volume. Ciena Corporation’s shorted shares float is 13.23%.

The stock decreased 0.12% or $0.03 during the last trading session, reaching $25.58.Ciena Corporation has volume of 168,849 shares. Since April 16, 2017 CIEN has risen 9.21% and is uptrending. The stock underperformed the S&P500 by 2.34%.

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 firm is worth $3.67 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.5.44 is the 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.

Ciena Corporation (NYSE:CIEN) Ratings Coverage

Total analysts of 16 have positions in Ciena Corp (NYSE:CIEN) as follows: 13 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 81%. Since October 31, 2017 according to StockzIntelligence Inc Ciena Corp has 22 analyst reports. On Monday, November 27 the firm earned “Buy” rating by Bank of America. On Monday, March 19 Northland Capital maintained the shares of CIEN in report with “Buy” rating. In Friday, March 9 report Morgan Stanley maintained it with “Equal-Weight” rating and $29 target. On Tuesday, February 27 the firm earned “Buy” rating by M Partners. The stock rating was maintained by Piper Jaffray with “Hold” on Tuesday, March 6. In Friday, March 9 report Citigroup maintained the stock with “Buy” rating. On Friday, December 8 the firm has “Neutral” rating given by PiperJaffray. On Tuesday, October 31 the firm earned “Buy” rating by Cowen & Co. The company rating was maintained by Stifel Nicolaus on Thursday, December 7. On Wednesday, March 7 the firm has “Buy” rating given by Jefferies.

Ciena Corporation (NYSE:CIEN) Institutional Investors Chart

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