Ciena slides as Evercore downgrades after recent run
seekingalpha
2024-10-15
JHVEPhoto
Ciena (NYSE:CIEN) shares fell 2% in premarket trading on Tuesday after Evercore ISI downgraded the networking company, citing the 30% jump in the stock over the past month.
"Fundamentally, we think CIEN remains well positioned to benefit from an improving telco and cloud spending environment