Ciena Corporation (CIEN) Shares Bought by State of Wisconsin Investment Board

Lloyd Doyle
December 7, 2017

State of Wisconsin Investment Board grew its stake in shares of Ciena Corporation (NYSE:CIEN) by 7.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. EPS ratio determined by looking at last 12 month figures is 0.92. After $0.44 actual earnings per share reported by Ciena Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth. The stock is now showing unhealthy performance of -0.79% throughout last week and witnessed Bullish performance of 6.45% in one month period. The average volume was noted at 2.95 million shares while its relative volume was seen at 1.17. Rothenstein David M sold $50,040 worth of Ciena Corporation (NYSE:CIEN) on Thursday, June 15. It has outperformed by 27.73% the S&P500. Koch holds 0.06% or 244,744 shares in its portfolio. Messner & Smith Theme Value Investment Management Ltd Ca owns 26,925 shares or 0.06% of their U.S. portfolio. Shares have moved $5.88 over the past month and more recently, $0.56 over the past week heading into the earnings announcement. Vanguard Group Inc. increased its stake in shares of Ciena by 1.7% in the 2nd quarter. Northern Trust Corporation holds 2.32M shares or 0.02% of its portfolio. It is down 0.00% since December 5, 2016 and is. It has underperformed by 16.70% the S&P500.

When volumes suddenly increase above normal levels, it can be a sign that investors feel very strongly in one way or the other about the future direction of a stock, or may even have access to inside information. 1 analysts call it Underweight, while 0 think it is Overweight. These holdings make up 64.69% of the company's outstanding shares. 60 funds opened positions while 92 raised stakes. The company reported the earnings of $0.51/Share in the last quarter where the estimated EPS by analysts was $0.49/share. Neuberger Berman Ltd Liability Company reported 0.05% of its portfolio in Ciena Corporation (NYSE:CIEN). Shannon River Fund Mgmt Limited Com reported 498,998 shares stake. (NYSE:CIEN) in a report released on Tuesday.

Ciena shares have fallen 13 percent since the beginning of the year. 51job, Inc. (NASDAQ:JOBS) has risen 53.60% since December 5, 2016 and is uptrending. The stock has 404.97 million shares outstanding and Average True Range for 14 days of 0.97. Clarivest Asset Mngmt Limited Com, California-based fund reported 35,790 shares.

Balyasny Asset Management Llc decreased Ciena Corp (CIEN) stake by 27.91% reported in 2017Q2 SEC filing. Capstone Asset Mgmt holds 10,490 shares or 0.01% of its portfolio. Federated Investors Pa stated it has 533,745 shares or 0.04% of all its holdings. Analysts expect Ciena to post earnings of $0.50 per share for the quarter.


Since June 15, 2017, it had 0 buys, and 6 sales for $338,245 activity. 1,000 shares valued at $25,020 were sold by McFeely Scott on Thursday, June 15. The stock of Ciena Corporation (NYSE:CIEN) earned "Mkt Perform" rating by Raymond James on Wednesday, August 26. 4,019 shares were sold by PETRIK ANDREW C, worth $100,555.

In other news, VP James Frodsham sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 19th. 2,500 shares valued at $62,550 were sold by ALEXANDER STEPHEN B on Thursday, June 15. Another trade for 2,000 shares valued at $50,040 was made by MOYLAN JAMES E JR on Thursday, June 15. Therefore 87% are positive. Ciena has a 52-week low of $19.40 and a 52-week high of $27.98. The stock now has an average rating of "Buy" and a consensus price target of $29.30. Ciena had 70 analyst reports since August 18, 2015 according to SRatingsIntel. The stock has "Buy" rating by Needham on Friday, June 2. As per Monday, December 14, the company rating was maintained by Jefferies. Morgan Stanley initiated it with "Equal-Weight" rating and $25 target in Friday, October 9 report. As per Friday, September 2, the company rating was downgraded by Drexel Hamilton. Jefferies upgraded the shares of CIEN in report on Monday, December 21 to "Buy" rating. Texas-based Next Group has invested 0% in Ciena Corporation (NYSE:CIEN). Nomura has "Buy" rating and $28 target. Paloma Partners Mngmt has invested 0.02% of its portfolio in Ciena Corporation (NYSE:CIEN). Macquarie Research has "Neutral" rating and $31 target. The firm has "Buy" rating by William Blair given on Friday, June 2.

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 company has 1.10 value in price to sale ratio while price to book ratio was recorded as 3.23. 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.

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