Platinum Investment Management Ltd. decreased its holdings in Ciena Co. ( NYSE:CIEN – Free Report ) by 94.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,693 shares of the communications equipment provider's stock after selling 1,171,796 shares during the period. Platinum Investment Management Ltd.'s holdings in Ciena were worth $3,765,000 as of its most recent filing with the Securities & Exchange Commission.

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