As Ciena Corp (CIEN) Market Valuation Declined, Shareholder Carlson Capital LP Has Increased Its Stake

March 14, 2018 - By Adrian Mccoy

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.26, from 1.26 in 2017Q2. It dived, as 46 investors sold CIEN shares while 79 reduced holdings. 31 funds opened positions while 94 raised stakes. 148.04 million shares or 3.07% more from 143.63 million shares in 2017Q2 were reported. Wexford Cap LP has invested 0.02% in Ciena Corporation (NYSE:CIEN). Natixis stated it has 27,215 shares or 0.01% of all its holdings. Virginia Retirement Et Al, Virginia-based fund reported 16,900 shares. Gateway Inv Advisers Limited Liability Company invested in 0% or 24,839 shares. Royal Bank Of Canada invested 0% in Ciena Corporation (NYSE:CIEN). Gotham Asset Management Limited Liability stated it has 38,328 shares or 0.01% of all its holdings. Massachusetts-based Geode Capital Management Ltd Limited Liability Company has invested 0.01% in Ciena Corporation (NYSE:CIEN). Managed Asset Portfolios Limited Liability Com reported 231,736 shares stake. Prelude Mngmt Limited Liability accumulated 80,669 shares. Petrus Tru Lta has invested 0.11% in Ciena Corporation (NYSE:CIEN). Next Finance Grp Inc holds 0% or 453 shares. The New York-based Laurion Management Limited Partnership has invested 0% in Ciena Corporation (NYSE:CIEN). Ny State Teachers Retirement System accumulated 0.01% or 166,422 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Ciena Corporation (NYSE:CIEN) for 5,085 shares. 939,355 were reported by Jpmorgan Chase And Com.

Since September 15, 2017, it had 0 insider purchases, and 42 selling transactions for $3.01 million activity. SMITH GARY B sold $268,473 worth of stock. $5,291 worth of stock was sold by HAMILTON RICK on Thursday, September 21. Shares for $92,564 were sold by FRODSHAM JAMES on Thursday, February 15. McFeely Scott sold $21,038 worth of stock or 990 shares. PETRIK ANDREW C sold $27,022 worth of Ciena Corporation (NYSE:CIEN) on Friday, September 15. Another trade for 2,032 shares valued at $43,180 was sold by ALEXANDER STEPHEN B.

Clint Carlson increased its stake in Ciena Corp (CIEN) by 68.96% based on its latest 2017Q3 regulatory filing with the SEC. Carlson Capital LP bought 1.87M shares as the company’s stock declined 10.35% while stock markets rallied. The hedge fund run by Clint Carlson held 4.58 million shares of the telecommunications equipment company at the end of 2017Q3, valued at $100.59M, up from 2.71M at the end of the previous reported quarter. Carlson Capital LP who had been investing in Ciena Corp for a number of months, seems to be bullish on the $3.87 billion market cap company. The stock decreased 2.00% or $0.55 during the last trading session, reaching $26.94. About 3.04 million shares traded. Ciena Corporation (NYSE:CIEN) has risen 44.43% since March 14, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.

Carlson Capital L P, which manages about $20.59B and $5.83B US Long portfolio, decreased its stake in Cigna Corporation (NYSE:CI) by 235,783 shares to 134,292 shares, valued at $25.11M in 2017Q3, according to the filing. It also reduced its holding in Lamb Weston Hldgs Inc by 570,289 shares in the quarter, leaving it with 347,437 shares, and cut its stake in Facebook Inc (NASDAQ:FB).

More recent Ciena Corporation (NYSE:CIEN) news were published by: which released: “Ciena Corp. Q1 Income Falls” on March 06, 2018. Also published the news titled: “Earnings Reaction History: Ciena Corporation, 72.7% Follow-Through Indicator …” on March 06, 2018.‘s news article titled: “Why Shares of Ciena Corp. Surged Today” with publication date: March 06, 2018 was also an interesting one.

Ciena Corporation (NYSE:CIEN) Ratings Coverage

Among 23 analysts covering Ciena (NYSE:CIEN), 19 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Ciena had 86 analyst reports since August 18, 2015 according to SRatingsIntel. As per Thursday, July 20, the company rating was maintained by Stifel Nicolaus. The company was upgraded on Tuesday, January 16 by Goldman Sachs. Needham maintained the stock with “Buy” rating in Friday, June 2 report. Stifel Nicolaus upgraded Ciena Corporation (NYSE:CIEN) on Monday, May 22 to “Buy” rating. The stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given on Thursday, August 31 by Stifel Nicolaus. Citigroup maintained it with “Buy” rating and $32 target in Friday, March 9 report. Deutsche Bank maintained the shares of CIEN in report on Friday, December 11 with “Hold” rating. Northland Capital maintained Ciena Corporation (NYSE:CIEN) on Tuesday, March 6 with “Buy” rating. The firm has “Hold” rating by Drexel Hamilton given on Friday, September 2. The firm has “Buy” rating by M Partners given on Tuesday, February 27.

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