Ciena Stock Jumps on Earnings. Expect More Growth Ahead, CEO Says.

Ciena stock has soared 162% this year as of Wednesday’s close. (Dreamstime)

Key Points

• Ciena’s adjusted earnings for the fiscal fourth quarter were 91 cents per share, exceeding estimates of 78 cents.
• Revenue for the quarter reached $1.35 billion, a 20% increase year-over-year, surpassing the $1.29 billion forecast.
• The company projects fiscal 2026 revenue between $5.7 billion and $6.1 billion, above the $5.5 billion consensus.

Shares of Ciena rose Thursday after the networking-equipment company reported better-than-expected quarterly results and gave upbeat guidance for next year.

Ciena posted adjusted earnings of 91 cents a share for its fiscal fourth quarter, beating analysts’ consensus estimate of 78 cents, according to FactSet. Revenue totaled $1.35 billion, up 20% from the prior year and above Wall Street’s call for $1.29 billion.

Ciena stock jumped 8.7% in premarket trading Thursday. Shares have soared 162% this year as of Wednesday’s close, buoyed by strong earnings prints and surging demand for artificial intelligence and cloud-computing bandwidth.

The company expects revenue of $5.7 billion to $6.1 billion in fiscal 2026, well ahead of the consensus expectation for $5.5 billion heading into Thursday’s report.

“Looking ahead, we are confident in our growth trajectory over the coming years, driven by durable demand from our cloud and service provider customers and a growing set of opportunities inside and around the data center,” CEO Gary Smith said.

U.S.-traded depositary receipts of Nokia, a networking-equipment competitor, were up 3.1% on Thursday.

Write to Nate Wolf at nate.wolf@barrons.com