Ciena Sees Strong Revenue Growth In Q2; Boosts FY26 Revenue Outlook; Stock Down 3.4% - Update

Group 1 - Ciena Corp. expects second-quarter revenue to be between $1.45 billion and $1.55 billion [1] - For fiscal 2026, the company projects revenues between $5.9 billion and $6.3 billion, an increase from the previous forecast of $5.7 billion to $6.1 billion [1] - The CFO, Marc Graff, highlighted a strong order book and record Q1 backlog, indicating durable demand through 2026 and into 2027 [2] Group 2 - In pre-market trading, Ciena Corp. shares are priced at $332.00, reflecting a decrease of $11.55 or 3.36 percent [2]