Ciena Stock Giving Window Of Opportunity
Adaptive network solutions provider Ciena Corporation (NYSE:CIEN) stock has lost (-43%) in the 2022 bear market falling for 11 straight weeks. The optical fiber maker is instrumental in the deployment of 5G infrastructure and growth in wireless and accelerated cloud adoption at the edge of the network. The Company lowered its fiscal full-year 2022 revenue growth percentage to mid-single digits from its 11% to 13% previous outlook. The shortfall comes from the industry-wide supply chain constraints against robust product demand causing growing backlog. Ciena’s book-to-bill ratio grew well over ...