Why Ciena Soared And Then Slumped After Q2 2024 Earnings

6M ago Seeking Alpha Growth from AI % Ciena engaged in higher service provider and request for proposal (RFP) activities in the last few quarters. This would expand the company's pipeline without immediately showing up as revenue on the balance sheet. B- B C+ The quant scoring is likely penalizing Ciena's valuation by weighing too heavily on the price-to-earnings for both GAAP and non-GAAP: D+ Ciena's business grew from the strength in the cloud space. Revenue fell in Q2 because of the normal ebbs and flows ...