Ciena Signs Supply Deal With Genuity, but Shares Down Again

Publish date:

Shares of


(CIEN) - Get Report

are spending another day trading lower -- after being down for

two consecutive sessions -- even as the company signed an agreement with Internet infrastructure company




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Ciena, an optical networking company, said Genuity will use the company's MultiWave CoreDirector intelligent optical core switching systems in its nationwide network.



trading, shares of Ciena were recently down $3.81, or 5.3%, to $68.81. Genuity was down 28 cents, or 6.3%, to $4.19.

Ciena lost significant ground in the previous two trading sessions as investors have grown alarmed by the near-death status of one of its bigger European customers.