Finance 4h ago 1 min read
Ciena $CIEN dropped ~8.9% premarket June 4 despite beating Q2 FY2026 estimates — revenue of $1.57B (+40% YoY) and adjusted EPS of $1.64 vs. $1.46 estimate. FY2026 guidance was raised to $6.3B ±$100M (+32% YoY), but investors expected more after an AI-driven sector rally. Lumentum, Coherent, Marvell, and Corning fell in sympathy.