Ciena CorpCIEN
▼ NegativeCapitalrelevance
Full-year revenue outlook below analyst estimates despite earnings beat.
Impact on stocks 2
Artificial Intelligence
Ciena Corp
Lumentum Holdings IncLITE
Mentioned
Ciena Corporation shares have surged 517.6% over the past 52 weeks, far outpacing the S&P 500 Index's 24% return over the same period. The Hanover, Maryland-based network technology company, which has a market cap of $65.2 billion, saw its stock slip 27.8% from its 52-week high of $637.51 reached on June 3. Over the past three months, CIEN is up 19.9%, compared with the S&P 500's 13.6% rise. On June 4, the stock declined 13.7% after the company issued a full-year revenue outlook of $6.2 billion to $6.4 billion, below analyst estimates, despite reporting second-quarter 2026 revenue of $1.6 billion and adjusted earnings per share of $1.64 that both beat Street expectations. Analysts maintain a consensus Moderate Buy rating with a mean price target of $593.75, implying 29% upside from current levels.
Ciena CorpFull-year revenue outlook below analyst estimates despite earnings beat.
Lumentum Holdings Inc