Ciena Corporation (CIEN) Plunges 6.98% on October 01

Equities Staff  |

Ciena Corporation (CIEN) had a rough trading day for Tuesday October 01 as shares tumbled 6.98%, or a loss of $-2.74 per share, to close at $36.49. After opening the day at $38.05, shares of Ciena Corporation traded as high as $38.25 and as low as $36.12. Volume was 6.93 million shares over 46,228 trades, against an average daily volume of n/a shares and a total float of 154.7 million.

As a result of the decline, Ciena Corporation now has a market cap of $5.64 billion. In the last year, shares of Ciena Corporation have traded between a range of $46.78 and $28.23, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Ciena Corporation, check out Equities.com’s Stock Valuation Analysis report for CIEN.

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Ciena Corp is a network strategy and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises worldwide. The business activities are functioned through Networking Platforms, Software and Software-Related Services, and Global Services segments. Geographically, its presence is seen in the markets of the United States and Canada; Caribbean and Latin America; Europe, the Middle East and Africa; and Asia-Pacific and India.

Ciena Corporation is based out of Hanover, MD and has some 6,013 employees. Its CEO is Gary B. Smith.

Ciena Corporation is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Ciena Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: CIEN’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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