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.
YOU MAY ALSO LIKE:
Learn The Best Trading Stock Rules From IBD's Investor's Corner
Want To Trade Options? Try Out These Strategies
Monitor IBD's "Breaking Out Today" List For Companies Hitting New Buy Points
IBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.