FMR LLC & Abigail Johnson Hold 10.155% Stake in CIENA CORP
Ticker: CIEN · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 936395
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson still own over 10% of CIENA, a big vote of confidence!**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have filed an amendment to their SC 13G, revealing they beneficially own 14,726,348 shares of CIENA CORP common stock, representing 10.155% of the company. This filing, dated February 12, 2024, indicates a significant, passive ownership stake. For investors, this means a large, institutional holder believes in CIENA's long-term prospects, which can be a positive signal, but also that a substantial block of shares is held by a single entity.
Why It Matters
This filing shows a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a significant stake in CIENA CORP, signaling their continued confidence in the company's value.
Risk Assessment
Risk Level: low — This filing indicates a stable, passive ownership stake by a large institution, which generally reduces volatility risk.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which can provide a baseline of stability, but this filing itself doesn't suggest immediate action beyond monitoring CIENA's performance.
Key Numbers
- 14,726,348 — Shares Beneficially Owned (Represents the total number of CIENA CORP common shares FMR LLC and Abigail P. Johnson collectively own.)
- 10.155% — Percent of Class (Indicates the significant portion of CIENA CORP's common stock held by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- CIENA CORP (company) — issuer of the common stock
- 14,726,348 (dollar_amount) — total shares beneficially owned
- 10.155% (dollar_amount) — percentage of class beneficially owned
- February 12, 2024 (date) — date of filing
Forward-Looking Statements
- FMR LLC will maintain a significant, passive ownership stake in CIENA CORP for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-12
FAQ
Who are the primary reporting persons in this SC 13G/A filing for CIENA CORP?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What is the total number of CIENA CORP common shares beneficially owned by FMR LLC and Abigail P. Johnson?
According to Item 7 on the cover page for both FMR LLC and Abigail P. Johnson, they beneficially own a total of 14,726,348 shares of CIENA CORP common stock.
What percentage of CIENA CORP's common stock do the reporting persons collectively own?
Item 11 on the cover page for both FMR LLC and Abigail P. Johnson states they collectively own 10.155% of the class of CIENA CORP common stock.
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 on the first page of 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 stated on the first page and in Item 2(e) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 by Abigail P. Johnson regarding CIENA CORP (CIEN).