Moisand Fitzgerald Tamayo Exits Position in Ciena Corporation (CIEN)

Ciena Corporation (CIEN) : Moisand Fitzgerald Tamayo has sold out all of its stake in Ciena Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 14 shares of Ciena Corporation which is valued at $273.

Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in CIEN in the latest quarter, The investment management firm added 61,731 additional shares and now holds a total of 74,776 shares of Ciena Corporation which is valued at $1,460,375.Quadrant Capital Group boosted its stake in CIEN in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 62 shares of Ciena Corporation which is valued at $1,190.Retirement Systems Of Alabama reduced its stake in CIEN by selling 354,799 shares or 68.02% in the most recent quarter. The Hedge Fund company now holds 166,786 shares of CIEN which is valued at $3,404,102. Ciena Corporation makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Msi Financial Services Inc reduced its stake in CIEN by selling 148 shares or 25.17% in the most recent quarter. The Hedge Fund company now holds 440 shares of CIEN which is valued at $8,980.

Ciena Corporation closed down -0.24 points or -1.19% at $19.98 with 12,08,572 shares getting traded on Monday. Post opening the session at $20.32, the shares hit an intraday low of $19.9 and an intraday high of $20.41 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Ciena Corporation reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jun 2, 2016. Analyst had a consensus of $0.27. The company had revenue of $640.70 million for the quarter, compared to analysts expectations of $630.76 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Ciena Corporation. Company shares were Reiterated by MKM Partners on Jun 6, 2016 to “Buy”, Firm has raised the Price Target to $ 26 from a previous price target of $21 .Company shares were Reiterated by Deutsche Bank on Jun 3, 2016 to “Hold”, Firm has raised the Price Target to $ 17 from a previous price target of $15 .

Ciena Corporation (Ciena) is a provider of communications networking equipment software and services that support the transport switching aggregation and management of voice video and data traffic. The Company operates in four segments: converged packet optical packet networking optical transport and software and services. Its service provider customers include regional national and international wire line and wireless carriers. Its cable operator customers include cable and multiservice operators in the United States and internationally. Its Blue Planet Division provides multi-vendor network management software and service orchestration solutions. Its Blue Planet product portfolio includes software applications including Planet Orchestrate and Planet Operate as well as its software-defined networking (SDN) multilayer wide area network (WAN) controller and its applications V-WAN Agility Matrix and network management solutions.

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