Why Ciena Stock Is Plummeting Today
(NYSE: CIEN) stock is sinking in Thursday's trading after the company published its latest quarterly results. The optical technologies and software specialist's share price is down 12.2% as of 12:15 p.m. ET.
Before the market opened this morning, Ciena published results for the second quarter of its current fiscal year, which ended May 3. While the business's sales for the period topped the market's expectations, earnings came in lower than anticipated.
Image source: Getty Images.
Source Fool.com
Ciena Corp. Stock
€402.30
1.540%
With 38 Buy predictions and 2 Sell predictions Ciena Corp. is one of the favorites of our community.
On the other hand, the target price of 227 € is below the current price of 402.3 € for Ciena Corp., so the potential is actually -43.57%.
