SAC Capital Raises Stake in Ciena Corporation (CIEN) to 5.24%

In a 13G filing on Ciena Corporation (NASDAQ: CIEN), Steven Cohen's hedge fund SAC Capital disclosed a 5.24%, or 5,165,248 share, stake in the company. This is up 219.07% from the 1,618,862 shares held at the end of the latest quarter ending December 31, 2011.

For more notable holders of Ciena Corporation stock click here. For more information on SAC Capital click here.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• CIENA (CIEN) PT Lowered to $550 at BofA Securities
• Northland Upgrades CIENA (CIEN) to Outperform
• CIENA (CIEN) PT Lowered to $575 at TD Cowen