Ciena Delivers Solid Quarter, Raises Full-Year Guidance Amid Stock Dip
Ciena beat expectations in fiscal Q2 with adjusted EPS of $1.64 on $1.57B revenue (up 40% YoY), led by Optical Networking and rising Routing & Switching. Gross margin rose to 44.9% and adjusted operating margin to 19.5%; adjusted EPS up 290% year over year. The company raised its Q3 revenue guidance to $1.575-1.675B and lifted full-year revenue outlook to $6.2-6.4B (midpoint about $6.3B). It also bought back ~0.2M shares for $83.1M. Despite the strong results, shares fell ~5.7% in premarket trading as investors took profits.
