Ciena's stock experienced a significant decline of 7.40% during Monday's intraday trading session, reflecting substantial selling pressure on the optical communication equipment provider.
The sharp drop appears to be part of a broader sector-wide decline affecting optical communication stocks. According to market reports, multiple companies in the optical communication industry faced selling pressure during morning trading, with Applied Optoelectronics down 11%, Fabrinet falling 6%, and Ciena among the notable decliners in the sector.
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