Thursday, December 07, 2017 12:45:51 PM
Today, leading computer networking company, Ciena Corp (NYSE:CIEN), is tanking after reporting earnings. The stock is falling lower by nearly 5.0 percent to $20.24 a share. CIEN stock is now trading below its 50-day moving average, this puts the stock in a weak technical position. The monthly chart is now signaling further downside for the stock. Traders must now look at the $16.75 area as the next major chart support level. Very often, when a stock declines so sharply in a single trading day it will take time before it will be defended by the institutional money crowd. I will be keeping this stock on my watch list until the equity drops into this important support level.
Nicholas Santiago
InTheMoneyStocks
Recent CIEN News
- HSPnet Launches High Capacity B3JS and BDMCS Networks • Business Wire • 04/16/2024 01:00:00 PM
- Blue Planet Unveils Industry’s Only Multi-Cloud Native OSS Platform • Business Wire • 04/09/2024 01:00:00 PM
- Ciena Celebrates Major Customer Milestones and Optical Leadership at OFC 2024 in San Diego • Business Wire • 03/27/2024 01:00:00 PM
- Toshiba, Ciena Collaborate to Demonstrate Quantum Secure Communication at OFC • Business Wire • 03/26/2024 01:00:00 PM
- SEA-ME-WE 4 Enables Global Digitalization with Enhanced Connectivity Powered by Ciena • Business Wire • 03/11/2024 01:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 03/07/2024 07:39:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 12:03:09 PM
- Ciena Reports Fiscal First Quarter 2024 Financial Results • Business Wire • 03/07/2024 12:00:00 PM
- U.S. Index Futures See Modest Gains, Oil Prices Slip • IH Market News • 03/07/2024 11:01:20 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:13:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 08:38:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 08:33:49 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/15/2024 09:46:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/15/2024 09:26:48 PM
- Astound Business Solutions Launches Commercial 400G Wavelength Service across the U.S., Powered by Ciena • Business Wire • 02/13/2024 01:01:00 PM
- Telia Lithuania Deploys Ciena’s WaveLogic 5 Extreme for Country-wide 800Gb/s Wavelength Service • Business Wire • 02/12/2024 02:00:00 PM
- Ciena Announces Internet Availability of 2024 Annual Meeting Proxy Materials • Business Wire • 02/08/2024 04:00:00 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 02/08/2024 03:01:58 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/08/2024 02:57:27 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 02/08/2024 02:54:22 PM
- Ciena Announces Reporting Date and Web Broadcast for Fiscal First Quarter 2024 Results • Business Wire • 02/06/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 09:37:10 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/30/2024 09:08:41 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 01/29/2024 09:16:25 PM
- Southern Cross Targets Pacific Record with Ciena’s WaveLogic 6 • Business Wire • 01/23/2024 02:00:00 PM
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM