By Nate Wolf
Shares of Ciena rose Thursday after the networking-equipment company reported better-than-expected quarterly results and gave upbeat guidance for next year.
Ciena posted adjusted earnings of 91 cents a share for its fiscal fourth quarter, beating analysts' consensus estimate of 78 cents, according to FactSet. Revenue totaled $1.35 billion, up 20% from the prior year and above Wall Street's call for $1.29 billion.
Ciena stock jumped 8.2% in premarket trading Thursday. Shares have soared 162% this year as of Wednesday's close, buoyed by strong earnings prints and surging demand for artificial intelligence and cloud-computing bandwidth.
The company expects revenue of $5.7 billion to $6.1 billion in fiscal 2026, well ahead of the consensus expectation for $5.5 billion heading into Thursday's report.
"Looking ahead, we are confident in our growth trajectory over the coming years, driven by durable demand from our cloud and service provider customers and a growing set of opportunities inside and around the data center," CEO Gary Smith said.
Write to Nate Wolf at nate.wolf@barrons.com
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(END) Dow Jones Newswires
December 11, 2025 07:19 ET (12:19 GMT)
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