Ciena Corporation (CIEN) is trading at $496.02, which is -52.6% below its all-time high of $1,046.50. The Drawdown Severity Score is 8.0, placing it in the red (severe) zone. Over its tracked history, CIEN has experienced 33 significant drawdown events with an average maximum drawdown of -12.3%.
Data last updated: April 10, 2026 at 04:25 PM EDT
CIEN
StockCiena Corporation
Price
$496.02
as of Apr 10, 2026
All Time High: $1,046.50
Very Large
Current Drawdown
-52.6%
Days in Drawdown
9283
Avg Max Drawdown
12.3%
Avg Length
39
Drawdown Severity Score™
8.0
CIEN - Price & High Water Mark
CIEN - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Ciena Corporation (CIEN) Analysis: Current Drawdown Insights
Ciena Corporation is currently experiencing an unusual drawdown opportunity. As of 2026-04-10, the stock is trading at $496.02, which represents a 52.6% decline from its all-time high of $1,046.50. This drawdown has persisted for 9283 days.
Based on comprehensive historical analysis spanning 14 years, Ciena Corporation typically experiences drawdowns averaging 12.3% in depth, with an average duration of 39 days. Ciena Corporation has gone through 33 total drawdown events in the last 14 years. The largest drawdown for Ciena Corporation in the last 14 years was 90.8%. The longest drawdown duration in its history was 570 days.
The Drawdown Severity Score™ for Ciena Corporation currently stands at 8.02. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 8.0 and 12.0 indicates an extremely rare, severe drawdown—the asset almost never experiences declines of this magnitude. This often represents a possibly exceptional opportunity for long-term investors with strong conviction.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns—periods when the price declines from all-time highs before recovering. By analyzing Ciena Corporation's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that may represent a buying opportunity.
📜 Historical Drawdown Events
Current drawdown shown in blue. Complete record of all 33 historical pullbacks below.
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2000-11-09 | Ongoing | 9283 days | -52.6% | $1,046.50 | $496.02 | — |
| 2000-10-17 | 2000-10-19 | 3 days | -8.2% | $946.20 | $868.44 | $979.23 |
| 2000-09-29 | 2000-10-16 | 18 days | -15.3% | $910.00 | $770.88 | $946.20 |
| 2000-09-26 | 2000-09-28 | 3 days | -3.5% | $892.94 | $861.88 | $910.00 |
| 2000-09-21 | 2000-09-22 | 2 days | -2.1% | $817.25 | $799.75 | $845.25 |
| 2000-09-05 | 2000-09-20 | 16 days | -22.2% | $805.44 | $626.50 | $817.25 |
| 2000-08-30 | 2000-08-31 | 2 days | -0.9% | $741.78 | $735.44 | $775.91 |
| 2000-08-25 | 2000-08-28 | 4 days | -1.6% | $703.72 | $692.78 | $733.03 |
| 2000-08-18 | 2000-08-21 | 4 days | -1.4% | $627.16 | $618.41 | $637.22 |
| 2000-03-02 | 2000-08-17 | 168 days | -50.3% | $619.50 | $308.00 | $627.16 |
| 2000-02-23 | 2000-02-24 | 2 days | -1.9% | $416.72 | $408.84 | $436.41 |
| 2000-02-17 | 2000-02-22 | 6 days | -3.5% | $411.91 | $397.47 | $416.72 |
| 2000-02-15 | 2000-02-16 | 2 days | -0.1% | $349.34 | $348.91 | $411.91 |
| 2000-02-11 | 2000-02-14 | 4 days | -2.0% | $346.50 | $339.50 | $349.34 |
| 1998-07-21 | 2000-02-10 | 570 days | -90.8% | $310.19 | $28.66 | $346.50 |
| 1998-07-14 | 1998-07-15 | 2 days | -1.0% | $261.19 | $258.56 | $270.38 |
| 1998-07-10 | 1998-07-13 | 4 days | -1.8% | $260.75 | $255.94 | $261.19 |
| 1998-06-25 | 1998-07-07 | 13 days | -2.8% | $250.69 | $243.69 | $253.75 |
| 1998-06-16 | 1998-06-19 | 4 days | -1.5% | $218.75 | $215.47 | $220.50 |
| 1998-06-08 | 1998-06-15 | 8 days | -2.7% | $217.22 | $211.31 | $218.75 |
| 1997-10-23 | 1998-06-05 | 226 days | -38.9% | $217.00 | $132.56 | $217.22 |
| 1997-10-10 | 1997-10-21 | 12 days | -5.3% | $206.50 | $195.56 | $206.94 |
| 1997-08-06 | 1997-10-09 | 65 days | -22.7% | $202.56 | $156.63 | $206.50 |
| 1997-08-04 | 1997-08-05 | 2 days | -4.5% | $202.45 | $193.38 | $202.56 |
| 1997-07-25 | 1997-07-31 | 7 days | -3.1% | $196.00 | $189.88 | $196.44 |
| 1997-07-17 | 1997-07-24 | 8 days | -11.7% | $194.25 | $171.50 | $196.00 |
| 1997-07-14 | 1997-07-16 | 3 days | -2.7% | $185.94 | $180.91 | $194.25 |
| 1997-06-11 | 1997-07-11 | 31 days | -16.0% | $180.25 | $151.38 | $185.94 |
| 1997-06-09 | 1997-06-10 | 2 days | -2.0% | $177.41 | $173.91 | $180.25 |
| 1997-06-03 | 1997-06-06 | 4 days | -4.0% | $165.38 | $158.81 | $177.41 |
| 1997-05-27 | 1997-05-30 | 4 days | -8.2% | $161.00 | $147.88 | $163.63 |
| 1997-02-26 | 1997-05-23 | 86 days | -47.4% | $149.63 | $78.75 | $161.00 |
| 1997-02-14 | 1997-02-24 | 11 days | -15.0% | $137.38 | $116.81 | $140.00 |
| 1997-02-10 | 1997-02-13 | 4 days | -11.5% | $129.50 | $114.63 | $137.38 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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What History Says About CIEN
Ciena Corporation has dropped 15%+ from its high 8 times in its tracked history. These events lasted an average of 148 days with an average max drop of -37.9%.
The current drawdown of -52.6% has lasted 9,283 days, which is 62.7x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Jul 1998 to Feb 2000 | -90.8% | 570 days |
| Mar 2000 to Aug 2000 | -50.3% | 168 days |
| Feb 1997 to May 1997 | -47.4% | 86 days |
| Oct 1997 to Jun 1998 | -38.9% | 226 days |
| Aug 1997 to Oct 1997 | -22.7% | 65 days |
| Sep 2000 to Sep 2000 | -22.2% | 16 days |
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