Same for alot of others which beat the earning, like pltr, apple, amazon to name afew. Market is not for weak handed people.
I believed those people who sold down the counters are to panic weak hands. So hold and stay cool. Good counters will return.
Ciena Beats Earnings Estimates Thanks to AI Demand. The Stock Is Falling
Shares of Ciena fell Thursday even after the networking company reported better-than-expected earnings and raised its guidance for the fiscal year. High expectations may have been the culprit.Ciena posted adjusted earnings of $1.35 a share for its fiscal first quarter, surpassing analysts' consensus estimate of $1.17, according to FactSet. Revenue totaled $1.43 billion, up 33% from last year and above Wall Street's call for $1.4 billion.Shares dropped 5.4% in premarket trading Thursday. The stock was up 47% this year as of Wednesday's close, riding a wave of demand for cabling and communications systems at artificial-intelligence data centers."We delivered a very strong fiscal first quarter, driven by focused execution and unprecedented, broad-based demand as we enable customers to monetize their AI investments," CEO Gary Smith said in a statement.Ciena lifted its fiscal-year revenue forecast to $5.9 billion to $6.3 billion from a previous range of $5.7 billion to $6.1 billion. The com
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