Ciena Corporation (CIEN) shares gained 15.80% today (2023-08-31). Is it the right time to buy?

What’s happening at Ciena Corporation (NYSE:CIEN)? What made the stock one of the top performing stock today? The company is indeed among the top gainers of the stock market, skyrocketing 15.80% (or 6.82 points) to $49.98 from its previous close of $43.16. So is it the right moment to buy?
Read more: Ciena Corporation (CIEN) shares gained 15.80% today (2023-08-31). Is it the right time to buy?