Ciena Corporation (NYSE:CIEN) Sellers Decreased By 35.85% Their Shorts

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Big Money Sentiment increased to 1.34 in 2018 Q3. It has change of 0.18, from 2018Q2’s 1.16. The ratio is positive due to Ciena Corporation positioning: 25 sold and 86 reduced. 56 funds acquired stakes and 93 increased stakes. Investors holded 143.51 million in 2018Q2 but now own 146.14 million shares or 1.83% more.
20,594 are held by Riverhead Management Limited Liability. Alps Advsrs has invested 0% in Ciena Corporation (NYSE:CIEN). Adirondack Rech And invested in 2.68% or 228,670 shs. John G Ullman Associates Inc holds 1.56% or 275,000 shs. Symphony Asset Limited Liability Corporation reported 19,246 shs stake. California Public Employees Retirement has 0.01% invested in Ciena Corporation (NYSE:CIEN) for 343,648 shs. Zacks Mngmt has invested 0.2% in Ciena Corporation (NYSE:CIEN). Highland Capital Ltd Partnership, a Texas-based fund reported 15,000 shs. Retirement Of Alabama holds 519,767 shs. 528,114 are held by Citadel Advsrs Ltd Limited Liability Company. Comerica Bancorporation has 90,223 shs for 0.02% of their capital. Gemmer Asset Mgmt Lc owns 0% invested in Ciena Corporation (NYSE:CIEN) for 313 shs. Wedge Cap Management L L P Nc reported 0.01% stake. Lpl Limited Liability Com holds 0% or 11,974 shs in its capital. Systematic Financial Management Limited Partnership has invested 0.04% in Ciena Corporation (NYSE:CIEN).

Ciena Corporation registered $4.69 million net activity with 0 insider purchases and 41 insider sales since July 16, 2018. The insider McFeely Scott sold 1,000 shs worth $33,094. Another trade for 2,000 shs valued at $66,193 was sold by Rothenstein David M. FRODSHAM JAMES had sold 2,000 shs worth $61,871 on Monday, September 17. The insider MOYLAN JAMES E JR sold 2,000 shs worth $54,282. ALEXANDER STEPHEN B also sold $85,741 worth of Ciena Corporation (NYSE:CIEN) shs. HAMILTON RICK sold $91,650 worth of Ciena Corporation (NYSE:CIEN) or 2,931 shs on Friday, September 21.

Change of 35.85% for Ciena Corporation (NYSE:CIEN)’s shares shorted was reported. FINRA issued shares shorted of CIEN’s total 6.37 million shares. The down change of 35.85% from 9.93 million shares was reported. 2 days will cost CIEN with 4.13 million average volume to recover its previous position. Ciena Corporation’s shares shorted float is 4.54%.

CIEN is hitting $36.53 during the last trading session, after decreased 0.38%.Ciena Corporation has volume of 62,665 shares. Since January 14, 2018 CIEN has risen 53.47% and is uptrending. CIEN outperformed the S&P500 by 53.47%.

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 $5.72 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.Last it reported negative earnings. 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

In total 12 analysts cover Ciena (NYSE:CIEN). “Buy” rating has 7, “Sell” are 0, while 5 are “Hold”. (NYSE:CIEN) has 58% bullish analysts. 16 are the (NYSE:CIEN)’s ratings reports on Jan 14, 2019 according to StockzIntelligence Inc. On Friday, August 31 the firm has “Buy” rating by Citigroup given. The company rating was maintained by Raymond James on Friday, December 14. On Wednesday, September 26 the company was downgraded by UBS. In Friday, August 31 report Deutsche Bank maintained it with “Hold” rating and $23 target. On Thursday, July 26 the stock has “Buy” rating by UBS. On Friday, August 31 the stock has “Buy” rating by FBR Capital. On Tuesday, November 20 the rating was maintained by M Partners with “Buy”. On Thursday, September 13 Morgan Stanley downgraded the shares of CIEN in report to “Equal-Weight” rating. On Monday, October 1 the firm has “Market Perform” rating by Northland Capital given. The company rating was maintained by Nomura on Friday, August 31.

Ciena Corporation (NYSE:CIEN) Institutional Investors Chart

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