The Dow Jones Industrial Average finished the month of May squarely off its mid-month lows. The best Dow Jones stocks to buy and watch in June are Apple, Chevron, Dow, Microsoft and Travelers. There are clear winners — and losers — at the end of May. Read More...
Motley Fool
Down 36%, This Tech Stock Could Go on a Bull Run
Optical networking equipment provider Ciena (NYSE: CIEN) has been thrashed brutally by the market this year, with its stock losing more than 37% of its value so far, and the company’s fiscal 2022 second-quarter results (for the three months ended April 30, 2022) released on June 2 didn’t help matters. Share prices of Ciena slipped 3.8% following the release of its quarterly report, as it not only missed expectations but also delivered tepid guidance for the current quarter. Ciena’s fiscal Q2 revenue jumped 14% year over year to $949 million, falling slightly short of the consensus estimate of $951 million.
Add Comment