Think It's Too Late to Buy Ciena? Here's the Case for Getting In Now

Think It's Too Late to Buy Ciena? Here's the Case for Getting In Now

The post Think It’s Too Late to Buy Ciena? Here’s the Case for Getting In Now appeared first on 24/7 Wall St.. Quick Read Ciena (CIEN) surged 814% over the past year to $494.01, but trades at a trailing P/E of 315x and forward P/E of 99x with analyst consensus 31% below current levels. Direct cloud provider revenue grew 76% year-over-year in Q1 and now represents 42% of total revenue, while the backlog reached approximately $7 billion with nea…