On April 14, 2023 at 10:13:09 ET an unusually large
$237.62K block of Call contracts in Ciena
(CIEN) was sold,
with a strike price of $50.00 / share, expiring in 7 day(s) (on April 21, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 4.02 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in CIEN options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 961 funds or institutions reporting positions in Ciena.
This is an increase
of
10
owner(s) or 1.05% in the last quarter.
Average portfolio weight of all funds dedicated to CIEN is 0.32%,
an increase
of 6.64%.
Total shares owned by institutions decreased
in the last three months by 1.96% to 163,509K shares.
The put/call ratio of CIEN is 0.42, indicating a
bullish
outlook.
Analyst Price Forecast Suggests 26.99% Upside
As of April 6, 2023,
the average one-year price target for Ciena is $65.78.
The forecasts range from a low of $45.45 to a high of $90.30.
The average price target represents an increase of 26.99% from its latest reported closing price of $51.80.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ciena
is $4,290MM, an increase of 11.58%.
The projected annual non-GAAP EPS
is $2.68.
What are Other Shareholders Doing?
Private Trust Co Na
holds 1K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 1K shares, representing
an increase
of 13.80%.
The firm
increased
its portfolio allocation in CIEN by 109,636.38% over the last quarter.
JNL SERIES TRUST – JNL
holds 16K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 21K shares, representing
a decrease
of 33.68%.
The firm
decreased
its portfolio allocation in CIEN by 9.16% over the last quarter.
CenterBook Partners
holds 34K shares
representing 0.02% ownership of the company.
In it’s prior filing, the firm reported owning 67K shares, representing
a decrease
of 96.56%.
The firm
decreased
its portfolio allocation in CIEN by 99.94% over the last quarter.
RMYAX – Multi-Strategy Income Fund
holds 3K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 2K shares, representing
an increase
of 53.18%.
The firm
increased
its portfolio allocation in CIEN by 124.19% over the last quarter.
SCUVX – Hartford Schroders US Small Cap Opportunities Fund
holds 60K shares
representing 0.04% ownership of the company.
In it’s prior filing, the firm reported owning 52K shares, representing
an increase
of 12.77%.
The firm
increased
its portfolio allocation in CIEN by 21.10% over the last quarter.
CIENA Background Information
(This description is provided by the company.)
Ciena is a networking systems, services and software company. The Company provides solutions that help its customers create the Adaptive Network™ in response to the constantly changing demands of their end-users. By delivering best-in-class networking technology through high-touch consultative relationships, the Company builds the world’s most agile networks with automation, openness and scale.
See all Ciena regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
