Ciena Corporation $CIEN is a $6.3B that provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide.
With the stock making zero progress in 25-years, this name has a long history of generating no meaningful shareholder value. And when we zoom in on recent price action, there’s little reason to be involved with this name.
The 200-day moving average is flat, the relative trend is down, and the price trend is messy at best.
We’ll be leaving this name alone.
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