Shannon River Fund Management Llc increased Ciena Corp (CIEN) stake by 27.2% reported in 2017Q2 SEC filing. Shannon River Fund Management Llc acquired 106,698 shares as Ciena Corp (CIEN)’s stock declined 10.35%. The Shannon River Fund Management Llc holds 498,998 shares with $12.49 million value, up from 392,300 last quarter. Ciena Corp now has $2.99B valuation. The stock increased 0.82% or $0.17 during the last trading session, reaching $20.93. About 5.96M shares traded or 87.58% up from the average. Ciena Corporation (NYSE:CIEN) has risen 44.43% since December 9, 2016 and is uptrending. It has outperformed by 27.73% the S&P500.
China Automotive Systems, Inc., through its subsidiaries, makes and sells automotive systems and components in the PeopleÂ’s Republic of China, the United States, and internationally. The company has market cap of $155.37 million. It produces rack and pinion power steering gears for cars and light duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic systems and parts. It has a 5.99 P/E ratio. The firm is also involved in the marketing of automotive parts in North America, as well as the provision of after sales, and research and development support services.
The stock decreased 0.20% or $0.01 during the last trading session, reaching $4.91. About 15,585 shares traded. China Automotive Systems, Inc. (CAAS) has risen 28.50% since December 9, 2016 and is uptrending. It has outperformed by 11.80% the S&P500.
Analysts await China Automotive Systems, Inc. (NASDAQ:CAAS) to report earnings on March, 29. They expect $0.23 EPS, up 27.78% or $0.05 from last year’s $0.18 per share. CAAS’s profit will be $7.28 million for 5.34 P/E if the $0.23 EPS becomes a reality. After $0.16 actual EPS reported by China Automotive Systems, Inc. for the previous quarter, Wall Street now forecasts 43.75% EPS growth.
Stuyvesant Capital Management holds 0.45% of its portfolio in China Automotive Systems, Inc. for 46,807 shares. Hanson & Doremus Investment Management owns 86,545 shares or 0.15% of their US portfolio. Moreover, Sensato Investors Llc has 0.08% invested in the company for 63,563 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.01% in the stock. Spark Investment Management Llc, a New York-based fund reported 47,300 shares.
Shannon River Fund Management Llc decreased Zayo Group Hldgs Inc (NYSE:ZAYO) stake by 234,890 shares to 239,625 valued at $7.40M in 2017Q2. It also reduced Activision Blizzard Inc (NASDAQ:ATVI) stake by 197,952 shares and now owns 178,748 shares. Mobileiron Inc (NASDAQ:MOBL) was reduced too.
Investors sentiment increased to 1.26 in Q2 2017. Its up 0.06, from 1.2 in 2017Q1. It improved, as 35 investors sold CIEN shares while 86 reduced holdings. 60 funds opened positions while 92 raised stakes. 143.63 million shares or 0.53% more from 142.87 million shares in 2017Q1 were reported. Natixis accumulated 10,779 shares. Sit Investment Associate holds 0.17% or 273,500 shares. 197,234 are owned by Gam Hldg Ag. Oregon Public Employees Retirement Fund reported 51,973 shares stake. Louisiana State Employees Retirement Sys invested in 37,000 shares. Tcw Group Inc holds 0.13% of its portfolio in Ciena Corporation (NYSE:CIEN) for 627,129 shares. Northern Trust Corp holds 2.32M shares or 0.02% of its portfolio. Weaver C Barksdale & Assoc stated it has 542 shares or 0.02% of all its holdings. Alabama-based Rfg Advisory Group Incorporated Ltd Liability has invested 0.11% in Ciena Corporation (NYSE:CIEN). Arizona-based Tci Wealth Advisors has invested 0% in Ciena Corporation (NYSE:CIEN). Sei holds 0.04% or 406,905 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 5,085 shares. Advisory Service Networks Ltd Liability holds 134 shares. New York-based Tiaa Cref Investment Mgmt Limited Liability Com has invested 0.12% in Ciena Corporation (NYSE:CIEN). 39,932 are held by Gsa Capital Partners Ltd Liability Partnership.
Since June 15, 2017, it had 0 insider buys, and 6 insider sales for $338,245 activity. On Thursday, June 15 the insider Rothenstein David M sold $50,040. On Thursday, June 15 the insider PETRIK ANDREW C sold $100,555. $50,040 worth of Ciena Corporation (NYSE:CIEN) was sold by MOYLAN JAMES E JR on Thursday, June 15. $62,550 worth of stock was sold by ALEXANDER STEPHEN B on Thursday, June 15. FRODSHAM JAMES sold $50,040 worth of stock. Another trade for 1,000 shares valued at $25,020 was made by McFeely Scott on Thursday, June 15.
Among 23 analysts covering Ciena (NYSE:CIEN), 19 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Ciena had 77 analyst reports since August 18, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, January 12 by Morgan Stanley. The firm has “Hold” rating by Deutsche Bank given on Friday, December 11. Drexel Hamilton initiated Ciena Corporation (NYSE:CIEN) on Friday, April 8 with “Buy” rating. The firm has “Buy” rating by BMO Capital Markets given on Thursday, December 7. The rating was maintained by William Blair on Sunday, August 27 with “Buy”. As per Monday, September 18, the company rating was maintained by Needham. UBS maintained it with “Buy” rating and $31.0 target in Wednesday, August 30 report. BMO Capital Markets maintained Ciena Corporation (NYSE:CIEN) on Friday, September 1 with “Outperform” rating. The firm has “Outperform” rating given on Friday, December 11 by RBC Capital Markets. UBS maintained the shares of CIEN in report on Friday, December 8 with “Buy” rating.
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