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Why Ciena Stock Tanked by Almost 9% on Tuesday

Summary by The Motley Fool
Key PointsHe lowered his fair value assessment by $100 per share.However, due to recent price weakness, among other factors, he maintained his buy recommendation.10 stocks we like better than Ciena › A significant price target reduction by an analyst was a headwind buffeting Ciena (NYSE: CIEN) on the second trading day of the week. The $100-per-share cut drained optimism for the tech stock, and its price fell by nearly 9% during the day's tradin…

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The Motley FoolThe Motley Fool
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Why Ciena Stock Tanked by Almost 9% on Tuesday

Key PointsHe lowered his fair value assessment by $100 per share.However, due to recent price weakness, among other factors, he maintained his buy recommendation.10 stocks we like better than Ciena › A significant price target reduction by an analyst was a headwind buffeting Ciena (NYSE: CIEN) on the second trading day of the week. The $100-per-share cut drained optimism for the tech stock, and its price fell by nearly 9% during the day's tradin…

·Alexandria, United States
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The Motley Fool broke the news in Alexandria, United States on Tuesday, August 18, 2026.
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