Texas Everlasting College Fund Corp reduced its holdings in stocks of Ciena Co. (NYSE:CIEN – Unfastened Record) by means of 3.3% all the way through the 3rd quarter, consistent with the corporate in its most up-to-date disclosure with the SEC. The fund owned 126,968 stocks of the communications apparatus supplier’s inventory after promoting 4,365 stocks all the way through the quarter. Texas Everlasting College Fund Corp’s holdings in Ciena have been value $6,001,000 on the finish of the latest reporting duration.

Different hedge budget have additionally just lately changed their holdings of the corporate. Sowell Monetary Services and products LLC purchased a brand new place in stocks of Ciena all the way through the 3rd quarter valued at roughly $483,000. Ion Asset Control Ltd. grew its stake in Ciena by means of 17.1% in the second one quarter. Ion Asset Control Ltd. now owns 2,107,749 stocks of the communications apparatus supplier’s inventory value $89,559,000 after buying an extra 307,749 stocks within the final quarter. Fortress Pitt Capital Workforce LLC grew its stake in Ciena by means of 56.6% within the 3rd quarter. Fortress Pitt Capital Workforce LLC now owns 1,987,115 stocks of the communications apparatus supplier’s inventory value $93,911,000 after buying an extra 718,052 stocks within the final quarter. New York State Not unusual Retirement Fund grew its stake in Ciena by means of 11.5% within the 3rd quarter. New York State Not unusual Retirement Fund now owns 180,192 stocks of the communications apparatus supplier’s inventory value $8,516,000 after buying an extra 18,629 stocks within the final quarter. In any case, Cavalry Control Workforce LLC purchased a brand new place in Ciena in the second one quarter value roughly $11,589,000. Institutional traders personal 90.02% of the corporate’s inventory.

Wall Boulevard Analyst Weigh In

Plenty of analysis companies have weighed in on CIEN. TheStreet upgraded Ciena from a “c” score to a “b-” score in a file on Thursday, December seventh. Raymond James diminished their goal charge on Ciena from $63.00 to $60.00 and set a “strong-buy” score for the corporate in a file on Friday, December eighth. B. Riley upped their goal charge on Ciena from $67.00 to $68.00 and gave the inventory a “purchase” score in a file on Friday, December eighth. Rosenblatt Securities restated a “purchase” score and set a $65.00 goal charge on stocks of Ciena in a file on Friday, December eighth. In any case, Needham & Corporate LLC restated a “purchase” score and set a $60.00 goal charge on stocks of Ciena in a file on Thursday, December twenty eighth. 3 funding analysts have rated the inventory with a cling score, 9 have given a purchase score and one has issued a powerful purchase score to the inventory. Consistent with MarketBeat.com, the corporate has a consensus score of “Average Purchase” and a mean charge goal of $59.79.

Learn Our Newest Inventory Record on Ciena

Ciena Inventory Up 2.3 %

CIEN inventory opened at $56.74 on Monday. The company has a 50 day shifting moderate of $48.33 and a 200 day shifting moderate of $45.73. The inventory has a marketplace capitalization of $8.23 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of one.81 and a beta of one.01. The corporate has a handy guide a rough ratio of two.71, a present ratio of three.84 and a debt-to-equity ratio of 0.54. Ciena Co. has a 52 week low of $39.94 and a 52 week top of $57.17.

Ciena (NYSE:CIEN – Get Unfastened Record) final introduced its quarterly income knowledge on Thursday, December seventh. The communications apparatus supplier reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by means of $0.06. Ciena had a web margin of five.81% and a go back on fairness of 10.28%. The trade had earnings of $1.13 billion all the way through the quarter, in comparison to analysts’ expectancies of $1.10 billion. Throughout the similar duration within the earlier yr, the trade posted $0.49 EPS. The trade’s quarterly earnings used to be up 16.4% in comparison to the similar quarter final yr. Promote-side analysts forecast that Ciena Co. will put up 2.09 income in line with proportion for the present yr.

Insider Purchasing and Promoting at Ciena

In different Ciena information, SVP Joseph Cumello offered 1,212 stocks of Ciena inventory in a transaction that came about on Wednesday, November fifteenth. The stocks have been offered at a mean charge of $45.96, for a complete transaction of $55,703.52. Following the final touch of the sale, the senior vp now without delay owns 36,951 stocks within the corporate, valued at roughly $1,698,267.96. The sale used to be disclosed in a record filed with the SEC, which is obtainable thru this link. In similar information, CEO Gary B. Smith offered 4,166 stocks of the trade’s inventory in a transaction on Friday, December fifteenth. The stocks have been offered at a mean charge of $43.68, for a complete price of $181,970.88. Following the final touch of the transaction, the manager govt officer now without delay owns 538,067 stocks within the corporate, valued at roughly $23,502,766.56. The transaction used to be disclosed in a record filed with the SEC, which is obtainable thru the SEC web page. Additionally, SVP Joseph Cumello offered 1,212 stocks of the trade’s inventory in a transaction on Wednesday, November fifteenth. The inventory used to be offered at a mean charge of $45.96, for a complete transaction of $55,703.52. Following the final touch of the sale, the senior vp now without delay owns 36,951 stocks of the corporate’s inventory, valued at roughly $1,698,267.96. The disclosure for this sale will also be discovered right here. Within the final 90 days, insiders offered 105,288 stocks of corporate inventory value $5,417,833. Corporate insiders personal 0.83% of the corporate’s inventory.

About Ciena

(Unfastened Record)

Ciena Company supplies {hardware} and tool services and products for supply of video, knowledge, and voice visitors metro, aggregation, and get admission to communications community international. The corporate’s Networking Platforms phase provides convergence of coherent optical delivery, open optical networking, optical delivery community switching, IP routing, and switching services and products.

See Additionally

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