Ciena Corporation (NYSE:CIEN) reported fiscal second-quarter results that exceeded Wall Street expectations on both earnings and revenue, while also lifting its full-year guidance.
Despite the strong performance, the networking equipment provider’s shares fell 5.7% in premarket trading
The company credited its results to robust demand across its product portfolio and effective execution amid a complex supply chain environment. Earnings and Revenue Top Forecasts For the quarter, Ciena posted adjusted earnings per share of $1.64, outperforming analyst expectations of $1.46 by $0.18. Revenue rose to $1.57 billion, exceeding the consensus estimate of $1.50 billion and representing a 40% increase from $1.13 billion reported in the same period a year earlier.
Management highlighted strong customer demand and continued momentum across key networking technologies as drivers of the growth. Company Raises Full-Year Revenue Forecast Looking ahead, Ciena issued third-quarter revenue guidance of between $1.575 billion and $1.675 billion. The midpoint of $1.625 billion sits comfortably above analysts’ expectations of $1.555 billion.