Ciena Shares Plunge Despite $1.57 Billion Q2 Beat as 2026 Outlook Rises to $6.3 Billion
Updated
Updated · Sherwood News · Jun 4
Ciena Shares Plunge Despite $1.57 Billion Q2 Beat as 2026 Outlook Rises to $6.3 Billion
3 articles · Updated · Sherwood News · Jun 4
Summary
Ciena shares fell Thursday even after the network gear maker topped fiscal Q2 expectations and lifted its full-year revenue outlook.
Revenue reached $1.57 billion versus $1.50 billion expected, while adjusted EPS came in at $1.64 against a $1.46 consensus.
Fiscal 2026 revenue guidance rose to $6.3 billion, plus or minus $100 million, up from a prior range of $5.9 billion to $6.3 billion; Q3 revenue is projected at $1.625 billion, above $1.58 billion expected.
A 40% year-over-year sales increase was driven by Optical Networking at $1.1 billion, while Routing and Switching nearly doubled to $174.2 million.
The selloff came after a run-up of more than 150% this year, suggesting investors were weighing lofty expectations against another strong quarter.