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Ciena ( (CIEN) ) just unveiled an update.
Ciena announced changes in its Board of Directors with the retirement of Patrick H. Nettles and the appointment of Lawton W. Fitt as independent Chair. These changes accompany a review and amendment of Ciena’s bylaws, which aim to clarify procedural mechanics for stockholder nominations and proposals. Additionally, Ciena reported its fiscal fourth quarter 2024 financial results, showing a slight decline in revenue and net income compared to the previous year, but emphasized its technology leadership and potential for future growth driven by cloud and AI demands.
More about Ciena
Ciena Corporation is a networking systems, services, and software company. It focuses on providing technology solutions that support the increasing demand for bandwidth driven by cloud services and AI.
YTD Price Performance: 62.65%
Average Trading Volume: 1,852,553
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.57B
For an in-depth examination of CIEN stock, go to TipRanks’ Stock Analysis page.
