🔴 Ciena is trading 5% down today on profit-taking and valuation concerns after earnings rally

Ciena is trading at approximately $369.77 (down 5%) as investors extend a post-earnings pullback following a sharp rally.

• The company reported strong fiscal Q2 2026 results, beating both revenue and EPS estimates while raising its forward guidance.
• Despite the positive earnings report, traders are locking in gains amid valuation concerns and a broader selloff across the technology sector.