Ciena is trading 10.69% down at $316.29 after fiscal third-quarter results exceeded expectations, but investors viewed the raised guidance as insufficient amid elevated expectations and profit-taking.
- Q3 revenue increased 37% year over year, while adjusted EPS reached $2.11, up 215%.
- Fiscal 2026 revenue guidance rose to $6.42 billion.
- Despite strong AI-related demand, sell-the-news pressure followed the earnings beat and guidance increase.