Ciena Corporation Common Stock (CIEN)

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Shares of Ciena climb after reporting upbeat Q1 results. Analysts maintain Buy rating with price targets ranging from $90 to $95.

Ciena CEO Gary Smith expressed optimism about the company’s growth prospects in the fiscal year 2025, adding that the company witnessed “strong momentum” across segments, with “positive demand dynamics.”

The networking systems and software provider is expected to post earnings per share (EPS) of $0.41 during the quarter, falling from $0.66 that it reported in the year-ago period.

Fiber optics network gear maker Ciena reported fiscal first-quarter profit and revenue that topped consensus estimates.

Nasdaq 100 drops 0.6%, S&P 500 slides to 7-month low, Dow Jones industrials underperform.

Ciena Corp (NYSE: CIEN) reported Q1 2025 revenue growth of 3.3% to $1.07B, beating analyst estimates. Adjusted EPS also beat expectations, leading to a surge in stock price.

U.S. stock futures rose on Tuesday following Monday's heavy selloff. Futures of all four benchmark indices surged in premarket trading.

Viavi Solutions stock had its Relative Strength (RS) Rating upgraded to 93 Tuesday, up from 78 a day earlier.

The brokerage noted that Ciena will see a limited impact on its fundamentals in the near-to-medium term, thanks to “continued strong” spending in the cloud and telecom sectors.