Ciena Shares Fall Despite Q2 Beat: $1.57B Revenue, $1.64 Adjusted EPS
CIEN•Ciena posted fiscal Q2 profit of $218.2 million with GAAP EPS of $1.49 and adjusted EPS of $1.64, topping the $1.46 consensus, while revenue rose 40% to $1.57 billion versus a $1.5 billion projection. The company forecasts Q3 revenue of $1.58–1.68 billion and full-year sales of $6.2–6.4 billion.
1. Fiscal Q2 Earnings Results
Ciena reported fiscal second-quarter net profit of $218.2 million, or $1.49 per share on a GAAP basis, with adjusted earnings of $1.64 per share, outperforming the $1.46 per share analysts expected.
2. Strong Revenue Growth
The company delivered revenue of $1.57 billion, a 40% year-over-year increase, surpassing the $1.5 billion consensus, driven by robust demand for its high-speed networking platforms globally.
3. Forward Revenue Guidance
Ciena issued guidance for the fiscal third quarter of $1.58 to $1.68 billion in revenue, and raised its full-year outlook to a range of $6.2 to $6.4 billion, reflecting confidence in sustained market demand.
