Network infrastructure provider Ciena Corp on Tuesday reported third-quarter adjusted earnings per share of $2.11, exceeding the $1.72 analyst consensus by $0.39, according to data compiled by Investing.com.
Revenue for the quarter totaled $1.67 billion, surpassing the $1.63 billion estimate. The company did not provide quarterly earnings guidance but raised its full-year 2026 revenue forecast to a range of $1.70 billion to $1.80 billion, above the $1.70 billion consensus.
Analysts have revised earnings estimates upward over the past 90 days, with 16 positive revisions and none negative, according to InvestingPro. The company’s stock closed at $354.16 on Tuesday, reflecting a 27.46% decline over the past three months but a 202.91% increase over the prior 12 months.
