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Stone Energy (SGY) Reaches $35.96 After 8.00% Up Move; Ciena (CIEN) Shorts Raised By 9.53%

Ciena Corporation (NYSE:CIEN) Logo

Ciena Corporation (NYSE:CIEN) had an increase of 9.53% in short interest. CIEN’s SI was 18.64M shares in April as released by FINRA. Its up 9.53% from 17.02M shares previously. With 2.51 million avg volume, 7 days are for Ciena Corporation (NYSE:CIEN)’s short sellers to cover CIEN’s short positions. The SI to Ciena Corporation’s float is 13.23%. The stock increased 1.47% or $0.37 during the last trading session, reaching $25.48. About 599,202 shares traded. Ciena Corporation (NYSE:CIEN) has risen 9.21% since April 10, 2017 and is uptrending. It has underperformed by 2.34% the S&P500.

The stock of Stone Energy Corporation (NYSE:SGY) is a huge mover today! The stock increased 3.20% or $1.115 during the last trading session, reaching $35.955. About 90,186 shares traded. Stone Energy Corporation (NYSE:SGY) has risen 69.07% since April 10, 2017 and is uptrending. It has outperformed by 57.52% the S&P500.The move comes after 5 months positive chart setup for the $719.05M company. It was reported on Apr, 10 by Barchart.com. We have $38.83 PT which if reached, will make NYSE:SGY worth $57.52 million more.

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 market cap of $3.66 billion. 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. It has a 5.42 P/E ratio. The Company’s products include 6500 Packet-Optical Platform and the 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 4200 Advanced Services Platform, Corestream 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform.

Investors sentiment decreased to 0.94 in Q4 2017. Its down 0.06, from 1 in 2017Q3. It turned negative, as 47 investors sold Ciena Corporation shares while 80 reduced holdings. 44 funds opened positions while 76 raised stakes. 142.49 million shares or 3.75% less from 148.04 million shares in 2017Q3 were reported. Gateway Inv Advisers Limited Liability Company accumulated 24,839 shares. Kennedy Capital Mngmt reported 272,203 shares stake. Public Employees Retirement System Of Ohio holds 2,170 shares or 0% of its portfolio. White Pine Lc invested in 0.18% or 23,390 shares. Swiss Bancorporation reported 0.01% in Ciena Corporation (NYSE:CIEN). Aperio Grp Incorporated Limited Liability holds 0% of its portfolio in Ciena Corporation (NYSE:CIEN) for 29,832 shares. Sg Americas Secs Limited Liability Company stated it has 0.01% of its portfolio in Ciena Corporation (NYSE:CIEN). Alliancebernstein Ltd Partnership invested in 2.53M shares or 0.04% of the stock. Texas Permanent School Fund reported 96,452 shares. Gideon Cap has 11,283 shares for 0.21% of their portfolio. Stratos Wealth Prtn Limited has 0% invested in Ciena Corporation (NYSE:CIEN) for 1,298 shares. Commonwealth Of Pennsylvania School Empls Retrmt Systems owns 0.01% invested in Ciena Corporation (NYSE:CIEN) for 20,841 shares. Rothschild Asset Mgmt holds 1.14M shares or 0.25% of its portfolio. Oregon Pub Employees Retirement Fund holds 0.02% of its portfolio in Ciena Corporation (NYSE:CIEN) for 52,264 shares. Capital Management Associate has invested 0.57% in Ciena Corporation (NYSE:CIEN).

Since October 11, 2017, it had 0 buys, and 49 sales for $3.58 million activity. Shares for $54,056 were sold by HAMILTON RICK. The insider FRODSHAM JAMES sold 2,121 shares worth $56,376. Another trade for 1,000 shares valued at $26,954 was made by McFeely Scott on Thursday, March 15. 2,000 shares were sold by MOYLAN JAMES E JR, worth $49,953. 2,000 shares valued at $53,907 were sold by Rothenstein David M on Thursday, March 15. On Monday, October 16 the insider ALEXANDER STEPHEN B sold $53,914. $217,247 worth of Ciena Corporation (NYSE:CIEN) shares were sold by SMITH GARY B.

Among 23 analysts covering Ciena (NYSE:CIEN), 19 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Ciena had 87 analyst reports since August 18, 2015 according to SRatingsIntel. RBC Capital Markets upgraded the shares of CIEN in report on Wednesday, September 9 to “Outperform” rating. The stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given on Wednesday, August 30 by UBS. Needham maintained it with “Buy” rating and $24 target in Friday, December 8 report. The stock of Ciena Corporation (NYSE:CIEN) has “Equal-Weight” rating given on Friday, October 9 by Morgan Stanley. On Monday, November 27 the stock rating was upgraded by Bank of America to “Buy”. Needham maintained the shares of CIEN in report on Friday, June 2 with “Buy” rating. The company was maintained on Friday, December 9 by M Partners. Deutsche Bank downgraded Ciena Corporation (NYSE:CIEN) on Friday, September 4 to “Hold” rating. Deutsche Bank maintained the shares of CIEN in report on Friday, September 1 with “Hold” rating. The firm has “Hold” rating by Piper Jaffray given on Tuesday, March 6.

Analysts await Stone Energy Corporation (NYSE:SGY) to report earnings on June, 11. SGY’s profit will be $7.80M for 23.05 P/E if the $0.39 EPS becomes a reality. After $0.12 actual earnings per share reported by Stone Energy Corporation for the previous quarter, Wall Street now forecasts 225.00% EPS growth.

Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of gas and oil properties in the Gulf of Mexico. The company has market cap of $719.05 million. As of December 31, 2016, it had estimated proved oil and natural gas reserves of approximately 321 billion cubic feet of gas equivalent. It has a 1.68 P/E ratio.

Among 13 analysts covering Stone Energy Corporation (NYSE:SGY), 1 have Buy rating, 5 Sell and 7 Hold. Therefore 8% are positive. Stone Energy Corporation had 29 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, February 24, the company rating was maintained by Imperial Capital. Simmons & Co downgraded the shares of SGY in report on Friday, March 11 to “Underweight” rating. The stock has “Equal Weight” rating by CapitalOne on Wednesday, March 1. The firm has “Neutral” rating by Ladenburg Thalmann given on Friday, February 12. The firm has “Buy” rating by National Securities given on Wednesday, March 1. Imperial Capital maintained the shares of SGY in report on Friday, September 11 with “Outperform” rating. As per Monday, August 31, the company rating was maintained by KLR Group. The rating was maintained by Howard Weil on Tuesday, December 22 with “Sector Perform”. The stock has “In-Line” rating by Imperial Capital on Wednesday, February 3. As per Monday, April 18, the company rating was downgraded by Johnson Rice.

Ciena Corporation (NYSE:CIEN) Institutional Positions Chart

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