Ciena (CIEN) on Tuesday reported fiscal first-quarter profit and revenue that topped consensus estimates. Ciena stock rose on the news.
For the quarter ending Jan. 31, Ciena earnings fell 3% to 64 cents a share on an adjusted basis. Revenue rose 3% to $1.07 billion.
A year earlier, the Hannover, Md.-based maker of optical communications gear, earned 66 cents a share on sales of $1.038 billion.
↑ X NOW PLAYING What This Software Stock's Earnings Can Tell Us About The Health Of The AI MarketplaceAnalysts expected Ciena earnings of 41 cents on sales of $1.052 billion.
Ciena's fiber optics gear is built into telecom networks and hyperscale data centers operated by internet giants. Telecom customers have been ordering less network gear.
On the stock market today, Ciena stock climbed more than 5%, above 69, in early trading.
The company usually provides guidance on its conference call with Wall Street analysts.
Shares had retreated 22% in 2025 prior to the Ciena earnings report.
Heading into the Ciena earnings report, the company owned a Composite Rating of 55 out of a best-possible 99, according to IBD Stock Checkup.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
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