Ciena Corporation (NYSE:CIEN) Sellers Decreased Their Shorts By 12.82%

April 20, 2018 - By Joseph March

Ciena Corporation (NYSE:CIEN) Corporate Logo

Big Money Sentiment decreased to 0.94 in 2017 Q4. It has change of 0.06, from 2017Q3’s 1. The ratio worsened due to Ciena Corporation positioning: 47 sold and 80 reduced. 44 funds bought stakes and 76 increased stakes. Investors holded 148.04 million in 2017Q3 but now own 142.49 million shares or 3.75% less.
D E Shaw And has invested 0.01% in Ciena Corporation (NYSE:CIEN). Tci Wealth Advsr has invested 0% in Ciena Corporation (NYSE:CIEN). New Mexico Educational Retirement Board has 0.03% invested in Ciena Corporation (NYSE:CIEN) for 35,100 shs. First Manhattan Company, a New York-based fund reported 106,900 shs. Stone Ridge Asset Ltd Liability Corp has invested 0.01% in Ciena Corporation (NYSE:CIEN). Honeywell Inc invested 0.66% of its capital in Ciena Corporation (NYSE:CIEN). Neuberger Berman Grp Incorporated Lc reported 0.12% of its capital in Ciena Corporation (NYSE:CIEN). Morgan Stanley has 775,235 shs. Tudor Inv Corporation Et Al holds 0.01% of its capital in Ciena Corporation (NYSE:CIEN) for 26,599 shs. Moreover, Zweig has 0.61% invested in Ciena Corporation (NYSE:CIEN). Raymond James & Associate accumulated 11,237 shs. Ing Groep Nv stated it has 30,030 shs. State Of Wisconsin Board owns 315,000 shs. Southport Limited Liability has 30,000 shs for 1.54% of their capital. The Ohio-based Strs Ohio has invested 0% in Ciena Corporation (NYSE:CIEN).

Ciena Corporation had 49 insider sales and 0 buys since October 23, 2017. This’s net activity of $3.73 million. HAMILTON RICK had sold 2,923 shs worth $76,742 on Thursday, March 22. On Wednesday, March 21 McFeely Scott also sold $30,913 worth of Ciena Corporation (NYSE:CIEN). $174,776 worth of Ciena Corporation (NYSE:CIEN) was sold by SMITH GARY B. GALLAGHER PATRICK sold $20,948 worth of Ciena Corporation (NYSE:CIEN) on Monday, March 26. Another trade for 2,000 shs valued at $46,252 was sold by MOYLAN JAMES E JR. $92,564 worth of Ciena Corporation (NYSE:CIEN) was sold by FRODSHAM JAMES on Thursday, February 15.

Change of 12.82% for Ciena Corporation (NYSE:CIEN)’s shorted shares was showed. FINRA published in April CIEN’s total 16.13 million shorted shares. That’s 12.82% down from 18.50 million shares. 6 days will cost CIEN With 2.85 million average volume to restore its former position. Ciena Corporation float short is 11.45%.

The stock increased 0.21% or $0.06 during the last trading session, hitting $26.26.Currently Ciena Corporation is uptrending after 9.21% change in last April 20, 2017. CIEN has 379,176 shares volume. CIEN underperformed by 2.34% the S&P 500.

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 valued at $3.77 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.5.59 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

A total of 16 analysts rate Ciena Corp (NYSE:CIEN) as follows: 13 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 81% are bullish. (NYSE:CIEN) has 22 ratings reports on Apr 20, 2018 according to StockzIntelligence. The stock rating was upgraded by Bank of America to “Buy” on Monday, November 27. On Monday, December 4 Needham maintained Ciena Corporation (NYSE:CIEN) rating. Needham has “Buy” rating and $26.0 target. On Wednesday, December 6 the firm has “Buy” rating by Cowen & Co given. On Friday, December 8 PiperJaffray downgraded Ciena Corporation (NYSE:CIEN) to “Neutral” rating. On Friday, December 8 the stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given by UBS. On Monday, December 4 the firm earned “Buy” rating by Jefferies. On Tuesday, March 6 the rating was maintained by Piper Jaffray with “Hold”. On Thursday, November 2 the company was maintained by Stifel Nicolaus. In Thursday, December 7 report BMO Capital Markets maintained the stock with “Buy” rating. On Monday, November 13 the rating was maintained by William Blair with “Buy”.

Ciena Corporation (NYSE:CIEN) Institutional Investors Chart

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