Ciena (NASDAQ:CIEN) Reaches Another High Today

Now that Ciena (NASDAQ:CIEN) has reached another high today, it could be time for investors to re-access their strategy with the company, as it's been moving up fast; too fast.

On Friday the provider of equipment which helps Internet congestion relief, jumped 15 percent, and today again moved to a 52-week high, although it has pulled back some in mid-day trading.

In the last couple of months the share price has doubled, also making it better to tighten things up as the stock could be ready for a healthy correction.

The recent surge in share price for Ciena came in response to JDS Uniphase Corporation (Nasdaq:JDSU) big quarter. That's important because JDSU provides companies like Ciena the components used to battle Web congestion. If they're seeing strong growth in demand, the assumption is that's because companies like Ciena are also seeing strong growth in demand.

With growing pressure on the Internet, Ciena should be a good long-term play, but with its recent run-up in share price, it may be time to take a breather and wait for dips.

Ciena was trading at $26.92, up $0.02, or 0.07 percent, as of 1:05 PM EST.