Ciena (CIEN) reported terrible earnings. Further analysis of the earnings report shows that the optical market is deteriorating. Ciena is down over $3.00 in the premarket.
At The Arora Report, we were expecting this down draft in Ciena as is evidenced by our past writings. Our analysis shows that the optical business may soon reach a trough.
When all six screens of the ZYX Change Method are meet, we will be looking to buy Ciena. Any actionable signal will be provided on the Real Time Feed of the ZYX Buy Change Alert.
