Ciena (CIEN) Stock Jumps 7% After Q3 Earnings Beat and Raised Guidance
TLDR
- Ciena stock rose 7% in premarket trading to $379.85 after beating Q3 earnings and revenue estimates.
- Adjusted EPS came in at $2.11, up 215% year-over-year, well above the $1.73 Wall Street expected.
- Revenue grew 37% to $1.67 billion, topping the $1.64 billion analyst consensus.
- Ciena raised its full-year fiscal 2026 revenue guidance to $6.42 billion, up 35% year-over-year at the midpoint.
- Q4 revenue guidance was set at $1.75 billion, plus or minus $50 million, ahead of analyst expectations at the midpoint.
Ciena (CIEN) posted a strong fiscal third quarter, with AI-driven demand continuing to fuel growth in its networking business. The stock jumped 7% in premarket trading to $379.85 on Thursday after the results dropped.
Adjusted earnings per share came in at $2.11, a 215% jump from the 67 cents reported in the same quarter last year. That crushed Wall Streetโs estimate of $1.73.
Revenue for the quarter ended August 1 hit $1.67 billion, up 37% year-over-year. Analysts had expected $1.64 billion, per FactSet.
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