Zweig-Dimenna Associates Raised Its Ciena (CIEN) Position; Sito Mobile LTD. (SITO) SI Increased By 9.47%

April 19, 2018 - By Dolores Ford

Zweig-Dimenna Associates Llc increased Ciena Corp (CIEN) stake by 70.78% reported in 2017Q4 SEC filing. Zweig-Dimenna Associates Llc acquired 111,838 shares as Ciena Corp (CIEN)’s stock rose 19.18%. The Zweig-Dimenna Associates Llc holds 269,849 shares with $5.65 million value, up from 158,011 last quarter. Ciena Corp now has $3.77B valuation. The stock decreased 0.46% or $0.12 during the last trading session, reaching $26.23. About 82,024 shares traded. Ciena Corporation (NYSE:CIEN) has risen 9.21% since April 19, 2017 and is uptrending. It has underperformed by 2.34% the S&P500.

Sito Mobile LTD. (NASDAQ:SITO) had an increase of 9.47% in short interest. SITO’s SI was 2.58M shares in April as released by FINRA. Its up 9.47% from 2.35 million shares previously. With 280,900 avg volume, 9 days are for Sito Mobile LTD. (NASDAQ:SITO)’s short sellers to cover SITO’s short positions. The SI to Sito Mobile LTD.’s float is 17.99%. It closed at $4.11 lastly. It is down 56.38% since April 19, 2017 and is uptrending. It has outperformed by 44.83% the S&P500.

Since October 19, 2017, it had 0 buys, and 44 selling transactions for $3.49 million activity. $205,822 worth of Ciena Corporation (NYSE:CIEN) was sold by SMITH GARY B on Tuesday, April 10. Another trade for 2,000 shares valued at $44,000 was made by FRODSHAM JAMES on Friday, October 20. HAMILTON RICK sold $76,742 worth of stock or 2,923 shares. ALEXANDER STEPHEN B had sold 2,500 shares worth $67,396. 2,151 shares were sold by MOYLAN JAMES E JR, worth $57,174. McFeely Scott sold 1,000 shares worth $26,954. Rothenstein David M sold 2,000 shares worth $42,620.

Zweig-Dimenna Associates Llc decreased Netflix Inc (NASDAQ:NFLX) stake by 61,179 shares to 92,154 valued at $17.69 million in 2017Q4. It also reduced Oclaro Inc (NASDAQ:OCLR) stake by 219,200 shares and now owns 195,800 shares. Applied Optoelectronics Inc (NASDAQ:AAOI) was reduced too.

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. As per Friday, September 2, the company rating was maintained by Dougherty & Company. The firm has “Market Perform” rating by Northland Capital given on Tuesday, August 18. The stock of Ciena Corporation (NYSE:CIEN) has “Hold” rating given on Friday, June 3 by Deutsche Bank. The company was maintained on Tuesday, March 6 by Piper Jaffray. On Wednesday, September 9 the stock rating was upgraded by RBC Capital Markets to “Outperform”. As per Tuesday, October 31, the company rating was maintained by Cowen & Co. Northland Capital maintained Ciena Corporation (NYSE:CIEN) on Tuesday, March 6 with “Buy” rating. As per Friday, December 8, the company rating was maintained by UBS. The stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given on Friday, December 9 by M Partners. Cowen & Co maintained the shares of CIEN in report on Monday, July 10 with “Buy” rating.

By1 Dolores Ford