Buy This 5G Stock After September's Horrific Crash
Ciena (NYSE: CIEN) investors would like to forget September 2020, as the optical networking specialist's shares lost nearly a third of their value during the month, triggered by a mixed set of fiscal third-quarter results.
Ciena's guidance left a lot to be desired. The company warned of a slowdown in deal-making activity, weak order pipelines, and longer timelines to deploy equipment as telecom players decided to play it safe in the wake of the novel coronavirus pandemic. But savvy investors looking to take advantage of the 5G (fifth generation) network rollout should take a closer look at Ciena given its attractive valuation and long-term potential.
Source Fool.com
