Ciena traded at $554.46 this Friday May 15th, decreasing $37.11 or 6.27 percent since the previous trading session. Looking back, over the last four weeks, Ciena lost 11.97 percent. Over the last 12 months, its price rose by 582.50 percent. Looking ahead, we forecast Ciena to be priced at 543.32 by the end of this quarter and at 511.21 in one year, according to Trading Economics global macro models projections and analysts expectations.
Ciena Corporation (Ciena) is a networking systems, services and software company. The Company operates through four segments: Networking Platforms; Platform Software and Services; Blue Planet Automation Software and Services; and Global Services. The Networking Platforms segment consists of its Converged Packet Optical and Packet Networking portfolios. The Platform Software and Services segment provides analytics, data, and planning tools to assist customers in managing Ciena’s Networking Platforms products in their networks. The Blue Planet Automation Software and Services segment includes micro-services, standards-based open software suite, together with related services, that enables customers to implement large-scale software and information technology (IT)-led operations support system (OSS) transformations. The Global Services segment includes the sales of a range of Ciena’s services for maintenance support, and training, installation and deployment and network design activities.