Why Ciena Stock Stumbled Today
(NYSE: CIEN) had a tough Monday on the stock exchange. The company is going to the investor well to borrow a significant amount of capital, and investors expressed their displeasure by trading out of the stock. This left it with a more than 4% decline that trading session.
Ciena announced early that morning that it was floating a $2 billion issue of senior convertible notes in a private offering. The company added that it intends to grant the initial purchasers of those notes -- which, if not converted, will mature on Sept. 15, 2031 -- a 13-day option to collectively buy up to an additional $300 million worth of the securities.
Image source: Getty Images.
Source Fool.com
Ciena Corp. Aktie
327,10 €
-3,21 %
Die Community zeigt großes Interesse an Ciena Corp. mit vielen Buy- und wenigen Sell-Einschätzungen.
Ein leicht positives Kursziel von 370 € für Ciena Corp. gegenüber dem aktuellen Kurs von 327.1 € wird gesehen.
