Shares fell after Q3 earnings due to softer Q4 gross margin guidance, high customer concentration, and supply-constrained backlog delays.
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Ciena Corporation
Ciena Corporation is an American global telecommunications networking equipment and software services supplier. The company specializes in high-speed optical connectivity, routing, and switching platforms.
Price history
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newest firstCiena dropped as weak Q4 margin guidance and supply constraints overshadowed a strong Q3 earnings beat.
read the report →The stock fell as supply chain bottlenecks capped revenue growth and Q4 gross margin guidance missed, despite strong Q3 earnings.
read the report →Shares fell 12.34% due to an analyst price target cut, pre-earnings de-risking, and a sector-wide optical networking pullback.
read the report →B. Riley Financial cut Ciena's price target to $413 alongside pre-earnings de-risking and optical component supply chain concerns.
read the report →The stock dropped due to pre-earnings de-risking, supply chain bottleneck concerns, a sector sell-off, and recent insider share sales.
read the report →Shares fell due to pre-earnings institutional de-risking, analyst price target cuts, and supply chain backlog concerns.
read the report →The stock fell due to a TD Cowen price target cut, rising U.S. Treasury yields, and disclosures of executive insider share sales.
read the report →The stock surged due to strong earnings from peer Lumentum, a Wall Street upgrade, and a record $7.7 billion order backlog.
read the report →The stock surged following strong earnings from supplier Lumentum, a Wall Street analyst upgrade, and new optical contract wins.
read the report →Ciena shares fell due to sector-wide profit-taking, stretched valuations, insider selling, and de-risking ahead of Q3 earnings.
read the report →The stock fell due to a sector-wide sell-off driven by hyperscaler capex anxieties, profit-taking, and insider sale disclosures.
read the report →Concerns over a hyperscaler optical upgrade slowdown and executive insider selling disclosures triggered a sector-wide sell-off.
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