A number of hedge funds have recently modified their holdings of CIEN. Carlson Capital LP who had been investing in Ciena Corp for a number of months, seems to be less bullish one the $3.10B market cap company. The stock decreased 0.09% or $0.02 during the last trading session, reaching $21.73. About 2.89 million shares traded.
Ciena (NYSE:CIEN) last announced its quarterly earnings data on Thursday, August 31st. It has outperformed by 27.73% the S&P500. Gsa Capital Prns Llp has 39,932 shares.
Smith sold 6,000 shares of Ciena stock. Algert Global LLC now owns 128,474 shares of the communications equipment provider's stock valued at $2,823,000 after buying an additional 41,959 shares in the last quarter. The stock increased 0.28% or $0.07 during the last trading session, reaching $24.94. About 424,336 shares traded. Ciena Corporation (NYSE:CIEN) has risen 44.43% since December 3, 2016 and is uptrending. It has outperformed by 13.90% the S&P500. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Therefore 86% are positive. Hubspot Inc has $103 highest and $42 lowest target.
When thinking about buying shares in a public company, it is useful to gauge the average enthusiasm level of Wall Street analysts for that specific stock. Finally, BidaskClub lowered Ciena from a "sell" rating to a "strong sell" rating in a report on Friday, August 18th. The stock of HubSpot, Inc. Piermont Cap accumulated 0.54% or 74,780 shares. MKM Partners reissued a "buy" rating on shares of Ciena in a report on Thursday, August 31st. Piper Jaffray has "Buy" rating and $30.0 target. The stock has "Buy" rating by Cowen & Co on Monday, July 10. Stifel Nicolaus restated a "buy" rating and set a $30.00 price objective on shares of Ciena in a report on Friday, September 1st. The firm earned "Hold" rating on Friday, June 2 by Bank of America. Canaccord Genuity maintained HubSpot, Inc. The company was initiated on Wednesday, January 27 by Citigroup. Canaccord Genuity has "Buy" rating and $83.0 target. The rating was maintained by William Blair on Sunday, August 27 with "Buy". This public company's current market capitalization stands at $3.08 billion. For the past 5 years, the company's revenue has grown 8.3%, while the company's earnings per share has grown 17.6%. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.29 by $0.03. Rubric Capital Management LP bought a new position in shares of Ciena during the third quarter valued at approximately $33,373,000. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 82,144 shares in the quarter, for a total of 85,644 shares, and has risen its stake in Cavium Inc (NASDAQ:CAVM). Its up 0.06, from 1.2 in 2017Q1. Sei Investments accumulated 2,157 shares. Quest Diagnostics Inc (NYSE:DGX) was raised too. It also upped Masco Corp (NYSE:MAS) stake by 62,900 shares and now owns 236,250 shares. Advisory accumulated 134 shares or 0% of the stock. Zacks Mgmt reported 0.21% stake. Maplelane Cap Ltd Liability Corp holds 0% or 1.21M shares in its portfolio. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ciena by 11.3% during the 2nd quarter. (NYSE:HUBS). Alliancebernstein Limited Partnership has invested 0.06% of its portfolio in HubSpot, Inc. Price T Rowe Associates Md holds 0.01% or 2.56 million shares. (NYSE:HUBS). France-based Axa has invested 0.02% in HubSpot, Inc. Rothschild Asset Mgmt stated it has 0.02% in Hilltop Holdings Inc. $73,950 worth of stock was sold by Madeley Hunter on Thursday, June 1. Jpmorgan Chase And owns 907,390 shares or 0.01% of their USA portfolio. The stock was sold at an average price of $22.11, for a total transaction of $11,629.86. On Thursday, June 15 the insider McFeely Scott sold $25,020. $78,870 worth of Ciena Corporation (NYSE:CIEN) was sold by GALLAGHER PATRICK on Thursday, June 1. Shares for $50,040 were sold by MOYLAN JAMES E JR. The insider PETRIK ANDREW C sold $100,555. On Thursday, June 15 the insider ALEXANDER STEPHEN B sold $62,550.
Investors sentiment increased to 1.26 in 2017 Q2. Its down 0.07, from 0.99 in 2017Q1. 60 funds opened positions while 92 raised stakes. 600 were reported by Tower Rech Capital Limited Liability Company (Trc). Finally, Vanguard Group Inc. raised its holdings in Ciena by 1.7% in the second quarter. 23,205 were reported by Fifth Third State Bank. Teacher Retirement Of Texas reported 11,289 shares. 907,390 are held by Jpmorgan Chase &. Thrivent Financial For Lutherans reported 1.88M shares. State Of Wisconsin Inv Board stated it has 0.02% of its portfolio in Ciena Corporation (NYSE:CIEN). Natixis has 0% invested in Ciena Corporation (NYSE:CIEN) for 10,779 shares.
COPYRIGHT VIOLATION NOTICE: "Ciena Corporation (CIEN) CEO Sells $205,500.00 in Stock" was first posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. Stevens Capital Lp holds 0.15% or 164,420 shares. Walleye Trading Limited Liability Corp holds 10,619 shares or 0% of its portfolio. E&G Advsrs Lp has invested 0.18% in Ciena Corporation (NYSE:CIEN).
In the past 52-week period, shares of Ciena Corporation (NYSE:CIEN) have moved within the range of $19.40 to $27.98. They expect $0.44 earnings per share, up 15.79% or $0.06 from last year's $0.38 per share. CIEN's profit will be $62.79M for 12.35 P/E if the $0.44 EPS becomes a reality. Ciena Corporation (CIEN) has 0 billion shares outstanding now, 106.42% of which belong to institutional investors.
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