Stock Rating Downgrade
The Value Trend Rating for Ciena Corp (NYSE: CIEN) weakened of late from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Ciena Corp (NYSE: CIEN) stock closed at $56.17 on 9/13/24 after a large increase of 3.0%. NORMAL trading volume accompanied the advance. The stock has risen 7.1% 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 D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ciena has a neutral Appreciation Score of 45 and a slightly negative Power Rating of 37, and the Negative Value Trend Rating results.
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