Why Ciena Stock Is Plummeting Today
Ciena (NYSE: CIEN) stock is rapidly moving lower in Thursday's trading. The company's share price was down 14.9% as of 2 p.m. ET. Meanwhile, the S 500 was up 0.5%, and the Nasdaq Composite was up 0.2%.
Before the market opened this morning, Ciena published results for the second quarter of its 2026 fiscal year -- which ended May 2. The networking technologies specialist posted sales and earnings that beat Wall Street's expectations and also raised its full-year guidance, but its stock is still losing ground.
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Source Fool.com
Ciena Corp. Stock
€327.10
-3.210%
The stock is one of the favorites of our community with 45 Buy predictions and 1 Sell predictions.
As a result the target price of 370 € shows a slightly positive potential of 13.12% compared to the current price of 327.1 € for Ciena Corp..
