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0 -0.00125850657220104 -0.00125850657220104 -0.00200428824461642 0.00587303067027123 -0.00442807867996652 -0.00293651533513575 -0.0153817469935677
Stock impact report

Ciena: Rating Downgrade On Expensive Valuation [Seeking Alpha]

Ciena Corporation (CIEN) 
Last ciena corporation earnings: 3/5 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
CIEN's Q4 revenue grew ~20% y/y to $1.35B, with strong margin expansion and EPS beat, but gross margins are expected to stabilize around 43%. Rapid commercialization of Scale-Across and WaveLogic 6 platforms underpins growth, yet cloud-driven mix may compress margins and increase volatility. With CIEN now trading at ~41x forward PE, I downgrade to hold due to stretched valuation and heightened downside risk from any AI capex slowdown. Tim Robberts/DigitalVision via Getty Images Summary Following my coverage on Ciena Corporation ( CIEN ) in October '23, in which I recommended a buy rating given the solid fundamentals, execution of major projects, and an expanding TAM, this post is to provide an update on This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opini Show less Read more
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