Extremely significant negative changes in Ciena Corp (NYSE: CIEN) fundamentals have recently occurred: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, the consensus estimate for October, 2025 decreased significantly, and significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Ciena has a neutral Power Rating of 43 and a slightly negative Appreciation Score of 38, resulting in the Negative Value Trend Rating.
Recent Price Action
Ciena Corp (NYSE: CIEN) stock closed at $65.25 on 10/8/24 after a large increase of 2.6%. However, below average trading volume at 81% of normal accompanied the advance. The stock has risen 5.9% during the last week and has performed in line with the market over the last nine months.
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