Why Ciena Stock Just Crashed
Priced at a staggering 120 times earnings, is Ciena stock worth the risk?
Overview
Ciena (NYSE: CIEN) stock tumbled 9.5% through 1:30 p.m. ET Thursday despite beating on earnings this morning.
Heading into the company's fiscal Q3 2026 report, analysts forecast Ciena would earn $1.72 per share (non-GAAP) on $1.63 billion in sales. In fact, Ciena earned $2.11 per share on $1.67 billion in sales.
Details
So why aren't investors cheering Ciena's performance?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.