Highbridge Capital Raises Stake in Ciena Corporation (CIEN) to 5.15%
Tweet
Share
E-mailGet Alerts CIEN Hot Sheet
Join SI Premium – FREE
In a 13G filing on Ciena Corporation (NASDAQ: CIEN), hedge fund Highbridge Capital disclosed a 5.15%, or 4,924,178 share, stake in the company. This is up 34% from the 3,665,359 shares held at the end of the latest quarter ending March 31, 2011.
The move might have been related to weakness in the stock after Ciena's sloppy second-quarter earnings report and outlook on June 8th.
For more notable holders of Ciena Corporation stock click here.
Ciena is trading about 1.4 percent lower ahead of the market.
The move might have been related to weakness in the stock after Ciena's sloppy second-quarter earnings report and outlook on June 8th.
For more notable holders of Ciena Corporation stock click here.
Ciena is trading about 1.4 percent lower ahead of the market.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- CoStar Group acquires Zonda for $800M, adding new home data
- Is the global equity rally broadening? UBS weighs in
Create E-mail Alert Related Categories
13Gs, Hedge FundsRelated Entities
Hedge Funds, 13G, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
