Ciena (CIEN) March volatility elevated at 79 into Q1 results and growth outlook

Ciena (Nasdaq: CIEN) March 17 put option implied volatility is at 79, April is at 61; compared to its 26-week average of 63 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results before the market open on March 7. Avondale Partners has a $18 price target on the company on expectations for strong order growth.

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