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87.93
0.35%
0.31
After Hours:
88.10
0.17
+0.19%
Why is Ciena Corp (CIEN) Stock down?
We've noticed a 6.18% decline in Ciena Corp (CIEN) stock during the 2024-08-02 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
06 Jun, 2023:
CIEN's stock fell 10.76% following the disappointing guidance of the third-quarter and full-year revenues. Despite exceeding expectations for the second quarter, CIEN only expected $1 billion to $1.08 billion in the third-quarter revenue, below Wall Street's prediction of a $1.1 billion, and 18% to 22% increase in full-year sales, lower than its previous guidance of 20% to 22%.
https://www.fool.com/investing/2023/06/06/why-ciena-stock-crashed-on-tuesday/
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