Alert: Rating Downgrade (12/13/24)-Ciena Corp (NYSE: CIEN).

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Stock Rating Downgrade

The Value Trend Rating for Ciena Corp (NYSE: CIEN) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.

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Recent Price Action

On 12/13/24, Ciena Corp (NYSE: CIEN) stock enjoyed a very large increase of 6.2%, closing at $89.72. Moreover, trading volume in this advance was exceptionally high at 331% of normal. The stock has risen 24.2% during the last week and has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

Ciena has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ciena has a poor Appreciation Score of 26 but a very high Power Rating of 93, and the High Neutral Value Trend Rating results.

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