John M Lund Photography Inc Summary Following my coverage on Ciena Corporation (NYSE:CIEN) in Jun'24, in which I recommended a buy rating due to my expectation that CIEN has gone past the trough of this demand cycle and that growth will start to accelerate once the inventory surplus situation fully normalizes in FY24, this post is to provide an update on my thoughts on the business and stock. I still give a buy rating as I see the 3Q24 performance as solid evidence that CIEN has entered a growth cycle. Inve ...