Alert: Negative Investment/Fundamental Signals (12/15/23)-Ciena Corp (NYSE: CIEN)


Ciena Corp (NYSE: CIEN) suffers from extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and the stock fell on very heavy volume.

Recent important negative changes in fundamentals have impacted Ciena Corp (NYSE: CIEN): 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’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Ciena has a current Value Trend Rating of D (Negative). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ciena has a neutral Appreciation Score of 51 and a slightly negative Power Rating of 33, producing the Negative Value Trend Rating.

Recent Price Action

Ciena Corp (NYSE: CIEN) stock declined by -2.4% on 12/15/23. The shares closed at $43.49. Moreover, exceptionally high trading volume at 259% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -6.1% during the last week.

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