Key Highlights
Ciena (CIEN) shares surged 7% to $379.85 in pre-market trading, helped by its third-quarter results that exceeded market expectations. The company reported adjusted earnings per share (EPS) of $2.11, a year-on-year increase of 215%, well exceeding the market consensus forecast of $1.73. Quarterly revenue rose 37% to $1.67 billion, beating analysts 'forecasts of $1.64 billion.
The company raises its full-year outlook
Ciena raised its full-year revenue guidance for fiscal year 2026 to US$6.42 billion, with a median forecast of a year-on-year increase of 35%. Fourth-quarter revenue guidance was $1.75 billion, with a fluctuation of $50 million, above the median expected level. CEO Gary Smith attributed the strong performance to artificial intelligence demand, saying "AI continues to drive compound interest growth in network investment" and emphasized Ciena's position as the "only provider of pure optical systems and interconnections."
Recent Stock Price Trend
Despite its strong performance this quarter, CIEN shares have experienced volatility in the past few months. As of Wednesday's close, the stock was up 51% year-to-date, but still below its June high of 43%. Shares fell 1.7% before the close of trading on Wednesday. Chief Financial Officer Marc Graff pointed out that enhanced supply chain capabilities and improved operational efficiency allow the company to "accelerate profitability" in the future. Non-GAAP operating profit margin expanded significantly from 10.7% in the same period last year to 22.5% in the third quarter.
Get 3 free stock e-books
More News
-
Ciena (CIEN) shares surged 7% on strong third-quarter results and raised forecastsCiena's third-quarter results exceeded expectations, with adjusted earnings per share increasing by 215% year-on-year. ...2026-09-03 -
Eos Energy (EOSE) shares rebound 19% on announced partnership with GoogleEos Energy's energy storage partnership with Google sent its share price up 18.75%, but financial losses exceeded expec...2026-09-03 -
AVGO shares fell 2% despite a 221% surge in AI revenue in the third quarterBroadcom's Q3 revenue exceeded expectations and raised its long-term AI forecast, but its share price fell due to Q4 gu...2026-09-03 -
Today's Cryptocurrency Price Forecast (September 3): Cardano (ADA), XRP and Ethereum (ETH)Cryptocurrency price forecast on September 3: Cardano tested US$0.208 resistance, Ripple approached US$1.41, and Ethereu... -
NVDA shares now account for 8% of the S & P 500 's total market valueNvidia's second-quarter revenue increased by 106% year-on-year, exceeding expectations. It is expected that revenue wil...2026-09-03 -
Coinbase co-founder Primavera seeks Venezuelan oil fieldsPrimavera has launched negotiations on three oil blocks in the Orinoco heavy oil belt in Venezuela, a personal investmen...2026-09-03 -
Macro risks hit cryptocurrency sentiment, XRP fell 2.29%XRP fell 2.29% due to macro risk aversion, but positive signs of ETF inflows provided bottom support. Traders focused on... -
Macro risks hit market sentiment, XRP fell 2.29%, ETFs expected to support pricesXRP fell 2.29%, as macro uncertainty pressured the crypto market, but optimism about spot ETF inflows provided bottom su... -
Elliott increases its position in Deutsche Telekom, urging the company to abandon its merger with T-Activist hedge fund Elliott took a stake in Deutsche Telekom and urged it to abandon its planned merger with T-Mobile US...2026-09-03

Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following