Ciena is trading at $363.78, down 4.97%, after broad technology-sector selling driven by rising bond yields, higher oil prices, and worsening risk sentiment.
- The technology sector is down 1.62% during regular trading.
- Reuters reported that global yields reached new highs as renewed Middle East conflict lifted oil prices and increased rate-hike concerns.
- September 3 earnings remain the key upcoming company catalyst; no company-specific negative announcement was identified for September 1.