FMR LLC & Abigail Johnson Hold 7.814% Stake in CIENA CORP
Ticker: CIEN · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 936395
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, ownership-update
TL;DR
**FMR LLC and Abigail Johnson still own 7.814% of CIENA CORP, signaling continued institutional interest.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in CIENA CORP. As of February 9, 2024, they collectively beneficially own 11,317,654 shares of CIENA CORP common stock, representing 7.814% of the company. This filing indicates a significant, but passive, institutional investment in CIENA CORP, which could signal confidence in the company's long-term prospects to current and potential investors.
Why It Matters
This filing shows that a large, influential investment firm and its leader maintain a substantial, albeit passive, position in CIENA CORP, which can be interpreted as a vote of confidence in the company's value.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor, indicating no immediate change in company control or strategy.
Analyst Insight
A smart investor would note the continued institutional interest from FMR LLC as a positive signal, but recognize that this passive filing doesn't suggest any immediate catalysts or changes in company direction for CIENA CORP.
Key Numbers
- 11,317,654 — Shares Beneficially Owned (Represents the total number of CIENA CORP common shares held by FMR LLC and Abigail P. Johnson, indicating their significant investment.)
- 7.814% — Percent of Class (Shows the proportion of CIENA CORP's common stock owned by FMR LLC and Abigail P. Johnson, highlighting their substantial stake.)
- 20240209 — Filing Date (The date this amendment was filed, providing the most recent snapshot of their ownership.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- CIENA CORP (company) — the issuer of the securities
- 11,317,654 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 7.814% (dollar_amount) — percentage of CIENA CORP's common stock owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in CIENA CORP. (FMR LLC) — high confidence, target: Next 12 months
- CIENA CORP's stock price will not be significantly impacted by this routine filing. (CIENA CORP) — high confidence, target: Next 30 days
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of CIENA CORP common shares beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson each beneficially own 11,317,654 shares of CIENA CORP common stock, as indicated in Item 7 for both reporting persons.
What percentage of CIENA CORP's common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 7.814% of CIENA CORP's common stock, as stated in Item 11 for both FMR LLC and Abigail P. Johnson.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing.
What is the CUSIP number for CIENA CORP's common stock mentioned in the filing?
The CUSIP number for CIENA CORP's common stock is 171779309, as listed in the filing under 'Cusip #171779309' and Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding CIENA CORP (CIEN).