Ciena Corporation: Q4 2022 Earnings Review, Hold

Dec. 10, 2022 4:38 AM ETCiena Corporation (CIEN)8 Comments

Summary

  • Ciena rallied after posting strong earnings and revenue.
  • Strong backlog and increased demand in 2023 will re-accelerate profits.
  • Watch out for profit-taking on Ciena.
  • We're currently running a sale at my private investing ideas service, DIY Value Investing, where members get access to portfolios, market alerts, real-time chat, and more. Learn More »

Fiber Optic Background

sbelov

Last year, Ciena (NYSE:CIEN) looked like it would outperform the S&P 500. Instead, it fell to close to $50. CIEN stock eventually broke out to the peak at over $78, but needed the stock market's rally for the lift.

CIEN Results

Ciena Q4 2022

CIEN grade

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CIEN Growth grade

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