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.
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Source Fool.com
Ciena Corp. Stock
€415.40
3.030%
The stock is one of the favorites of our community with 39 Buy predictions and 2 Sell predictions.
However, we have a potential of -11.41% for Ciena Corp. as the target price of 368 € is below the current price of 415.4 €.
