Recent exceptional negative changes in fundamentals have affected Ciena Corp (NYSE: CIEN): the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, the consensus estimate for October, 2024 decreased significantly, and the consensus estimate for October, 2025 decreased significantly.
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 consistent signals. Ciena has a neutral Appreciation Score of 50 and a slightly negative Power Rating of 35, triggering the Negative Value Trend Rating.
Recent Price Action
On 7/29/24, Ciena Corp (NYSE: CIEN) stock declined slightly by -0.06%, closing at $50.13. However, this decline was accompanied by exceptionally low trading volume at 47% of normal. The stock has performed in line with the market over the last nine months and has risen 1.5% during the last week.
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