From Yahoo Finance: 2025-06-05 13:11:00

Ciena exceeded sales expectations in Q2 but fell short in earnings, disappointing investors. Sales to cloud customers drove growth, but margins were softer than anticipated. Forward guidance for sales and margins also underwhelmed. Stock dropped 12.2% after results were released. Quarterly sales were $1.13 billion with adjusted earnings per share of $0.42. The stock is down 12.2% following the earnings release. While sales were up 24% year over year, margins and guidance were disappointing. Ciena expects sales growth of 24% in Q3, but growth will slow in Q4. Gross margin projections are at the low end of previous guidance. Stock Advisor recommends 10 better stocks than Ciena for investors. Join Stock Advisor for more top stock picks.



Read more at Yahoo Finance: Why Ciena Stock Is Plummeting Today