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Down 36%, This Tech Stock Could Go on a Bull Run

TheMotleyFool

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Down 36%, This Tech Stock Could Go on a Bull Run: https://g.foolcdn.com/editorial/images/683831/man-laptop-investing.jpg

Optical networking equipment provider Ciena (NYSE: CIEN) has been thrashed brutally by the market this year, with its stock losing more than 37% of its value so far, and the company's fiscal 2022 second-quarter results (for the three months ended April 30, 2022) released on June 2 didn't help matters.

Share prices of Ciena slipped 3.8% following the release of its quarterly report, as it not only missed expectations but also delivered tepid guidance for the current quarter.

However, a closer look at some of the metrics from Ciena's latest quarterly report indicates that it may not be long before this networking stock regains its mojo. Let's see why.

Source Fool.com

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