Why Ciena Sank Today
Source: Motley Fool
2026-03-05 14:15:53 ET
Shares of Ciena (NYSE: CIEN) plummeted 18.6% on Thursday as of 1:05 p.m. EDT.
As a leader in optical networking hardware and software platforms, Ciena's share price has skyrocketed with the advent of generative AI and the associated infrastructure build-out. The stock, even with today's sell-off, is up a whopping 271% over the past year alone.
That may be why Ciena's fiscal first-quarter earnings report, which showed both a strong revenue and earnings beat, didn't lead to a positive outcome for the stock.
Ciena Corporation
NASDAQ: CIEN
CIEN Trading
8.45% G/L:
$304 Last:
2,111,563 Volume:
$294.81 Open:
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CIEN Stock Data
$41,570,880,505
139,446,188
0.42%
370
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Hardware & Equipment
Technology
US
Hanover
