Ciena Corporation (CIEN) Shares are Down -1.94%

On a relative basis, the stock has outperformed the S&P 500 by 0.46% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The 4-week change in the price of the stock is -1.58% and the stock has fallen -1.94% in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.02% and the 50-Day Moving Average is 2.27%.The 200 Day SMA reached 10.22% Ciena Corporation is up 2.86% in the last 3-month period. Year-to-Date the stock performance stands at 2.66%.


Ciena Corporation (CIEN) stock is expected to deviate a maximum of $3.57 from the average target price of $25.96 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $33 and the most muted being $20.

For the current week, the company shares have a recommendation consensus of Buy. Ciena Corporation (NYSE:CIEN): The stock opened at $21.17 and touched an intraday high of $21.275 on Friday. During the day, the stock corrected to an intraday low of $20.8237, however, the bulls stepped in and pushed the price higher to close in the green at $21.24 with a gain of 0.38% for the day. The total traded volume for the day was 3,780,897. The stock had closed at $21.24 in the previous trading session.

Ciena Corporation (Ciena) is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic. The Company operates in four segments: converged packet optical, packet networking, optical transport, and software and services. Its service provider customers include regional, national and international, wire line and wireless carriers. Its cable operator customers include cable and multiservice operators in the United States and internationally. Its Blue Planet Division provides multi-vendor network management software and service orchestration solutions. Its Blue Planet product portfolio includes software applications, including Planet Orchestrate and Planet Operate, as well as its software-defined networking (SDN) multilayer wide area network (WAN) controller and its applications, V-WAN, Agility Matrix and network management solutions.

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