Ciena Stock Falls 6% After Earnings Beat. Revenue Growth of 40% Wasn't Enough

Dow Jones06-04 19:21

Shares of Ciena tumbled 6% in premarket trading on Thursday even after the networking company reported better-than-expected earnings and revenue in its fiscal second quarter.

Ciena reported adjusted earnings of $1.64 a share for the quarter, up from 42 cents a year ago and above Wall Street's call for $1.46, according to FactSet. Revenue jumped 40% year over year to $1.57 billion, ahead of analysts' consensus forecast of $1.51 billion.

Despite the solid results, Ciena stock fell 7% in premarket trading. Shares had risen 749% over the last 12 months thanks to explosive demand for optical networking at artificial-intelligence data centers.

Investors may have wanted even stronger guidance. Ciena lifted its revenue guidance for the fiscal year to $6.3 billion, plus or minus $100 million, up from an earlier range of $5.9 billion to $6.3 billion. Analysts were looking for $6.18 billion in revenue heading into the report Thursday.

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Revenue Growth of 40% Wasn't Enough","media":"Dow Jones","content":"<html><head></head><body><p style=\"text-align: left;\">Shares of Ciena tumbled 6% in premarket trading on Thursday even after the networking company reported better-than-expected earnings and revenue in its fiscal second quarter.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a2813b0f83c14fc4d6ac9a87a3551d3e\" data-align=\"center\" tg-width=\"541\" tg-height=\"161\"/><span></span></p><p style=\"text-align: left;\">Ciena reported adjusted earnings of $1.64 a share for the quarter, up from 42 cents a year ago and above Wall Street&#39;s call for $1.46, according to FactSet. Revenue jumped 40% year over year to $1.57 billion, ahead of analysts&#39; consensus forecast of $1.51 billion.</p><p style=\"text-align: left;\">Despite the solid results, Ciena stock fell 7% in premarket trading. 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Revenue Growth of 40% Wasn't Enough\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-04 19:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Shares of Ciena tumbled 6% in premarket trading on Thursday even after the networking company reported better-than-expected earnings and revenue in its fiscal second quarter.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a2813b0f83c14fc4d6ac9a87a3551d3e\" data-align=\"center\" tg-width=\"541\" tg-height=\"161\"/><span></span></p><p style=\"text-align: left;\">Ciena reported adjusted earnings of $1.64 a share for the quarter, up from 42 cents a year ago and above Wall Street&#39;s call for $1.46, according to FactSet. 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