Investors are Betting Against Ciena Corporation (CIEN), Should You? - Tale of the Tape

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Many investors appear to be quite bearish on Ciena Corporation ( CIEN ) , especially if you look at the percentage of the float that is sold short for this stock. Currently, 20.82% of the float is sold short, suggesting an extreme level of bearishness for CIEN .

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we actually have a Zacks Rank #2(Buy) on CIEN, so we clearly don't believe in the negativity surrounding this firm, and are instead looking for shares of CIEN to move higher in the weeks ahead.



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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

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