Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Ciena Corp (NYSE: CIEN) improved of late. CIEN’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Ciena Corp (NYSE: CIEN) stock closed at $44.17 on 12/22/23 after a modest gain of 0.9%. However, below average trading volume at 74% of normal accompanied the advance. The stock has declined -0.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
CIEN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ciena has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ciena has a neutral Appreciation Score of 57 and a slightly negative Power Rating of 34, resulting in the Low Neutral Value Trend Rating.
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