Ciena falls despite record quarter as investors weigh supply constraints
-10.36% to $317.46 from $354.16
What moved CIEN
- Fiscal third-quarter revenue rose 37% year over year to $1.67 billion, ahead of a $1.63-$1.65 billion analyst estimate
- Adjusted earnings per share came in at $2.11, above forecasts in the $1.72-$1.74 range
- The company guided fourth-quarter revenue to $1.75 billion, plus or minus $50 million, and raised full-year guidance to $6.42 billion, plus or minus $50 million, up 35% year over year at the midpoint
- Preliminary fiscal 2027 guidance set a revenue floor of $8.3 billion to $8.4 billion, implying at least 30% year-over-year growth
- Despite the beat, shares fell in premarket trading as investors focused on supply constraints and one-time margin help from tariff refunds after the stock had already climbed sharply ahead of the report
Sources: Investing.com · Yahoo Finance