Can CIENA’s Colossal Investors Lift Shares Higher After Earnings?

Almost halfway through 2012, CIENA Corp.’s (NASDAQ:CIEN) shares are up 3.47 percent. On Thursday, the company announced its second quarter earnings and saw its loss narrow to $27.8 million (loss of 28 cents per diluted share) from $62.7 million (loss of 66 cents per share) in the same quarter a year earlier. Its revenue rose 14.3% to $477.6 million from the year-earlier quarter.

With CIENA’s adjusted net loss of 24 cents per share, it came in lower than analysts’ estimates of 14 cents per share but beat the average revenue estimate of $447.4 million.

CIENA’s president and CEO Gary Smith said, “Our second quarter was highlighted by strong revenue growth and positive overall operating performance, which demonstrated our ability to deliver operating leverage. We remain confident that we are well positioned for future growth and continue to expect our second half operating results to be stronger than the first half.”

With its better-than-expected second quarter results, will Ciena’s largest shareholders increase their holdings? 311 institutional firms indicated owning shares of CIENA Corp. (NASDAQ:CIEN) in Q1 2012. These firms reported owning a total of 530.84 million shares on 03/31/2012. The shares closed at $16.19 on 03/31/2012.

Here are the ten largest positions in CIENA Corp. at the end of March 31st, 2012.

Soros Fund Management LLC held 236,109,000 shares on 03/31/2012 worth $231,583,000. This brought the portfolio total to 3.4%.

Invesco Ltd. held 38,305,000 shares on 03/31/2012 worth $43,237,000. This brought the portfolio total to 0.02%.

Advent Capital Management /DE/ held 36,303,000 shares on 03/31/2012 worth $39,601,000. This brought the portfolio total to 0.84%.

Goldman Sachs Group Inc held 25,420,000 shares on 03/31/2012 worth $22,347,390. This brought the portfolio total to 0.01%.

Mackay Shields LLC held 17,334,000 shares on 03/31/2012 worth $15,319,000. This brought the portfolio total to 0.03%.

Pioneer Investment Management Inc held 15,000,000 shares on 03/31/2012 worth $13,182,000. This brought the portfolio total to 0.05%.

Ameriprise Financial Inc held 12,230,000 shares on 03/31/2012 worth $13,634,000. This brought the portfolio total to 0.01%.

Loomis Sayles & Co LP held 10,089,390 shares on 03/31/2012 worth $338,200,000. This brought the portfolio total to 1.42%.

Mohican Financial Management LLC held 8,500,000 shares on 03/31/2012 worth $9,959,000. This brought the portfolio total to 1.42%.

State of Wisconsin Investment Board held 6,905,000 shares on 03/31/2012 worth $6,068,000. This brought the portfolio total to 0.02%.

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