NYSE:CIENCommunications
A Look At Ciena (CIEN) Valuation After BofA Downgrade And AI Networking Concerns
Analyst downgrade puts Ciena in focus
BofA Securities recently cut its rating on Ciena (CIEN) from Buy to Neutral, citing caution around near term AI networking spend, elevated sector valuations, and risks tied to hyperscaler capital expenditure and backlog trends.
See our latest analysis for Ciena.
Ciena’s share price has been volatile, with a 1 day share price return of 1.35% after the downgrade and a 90 day share price return of 26.87%. The 1 year total shareholder return is about 2x and...