Ciena Stock Falls Nearly 10% After Five of Seven Sessions Rose

Ciena shares fell nearly 10% Monday, closing at $405.01 after a sharp recent advance and gains in five of the previous seven trading sessions.

The stock declined $44.76 from its previous close, marking a pullback after its recent rise.

Ciena’s outlook has been linked to its role in AI-related networking and its exposure to optical networking. The company’s shares had climbed in five of the seven sessions before Monday’s decline.