Ciena Corp. (CIEN) Breaches 200 Days MA From Top

Ciena Corp. (NASDAQ: CIEN) fell 4.9 percent to $12.52 in early trading on Monday. Ciena Corp (CIEN) is a producer of fiber-optic gear for U.S. telephone companies and won an auction for Nortel Networks Corp.’s optical-networking business after raising its offer to $769 million.

Morgan Keegan Inc. cut the shares to “market perform.” from "ouperform" and CIENA Corp (CIEN), shed some weight on Monday, to breach its 200 days MA from top, showing further weakness.