Ciena on Tuesday reported fiscal first-quarter profit and revenue that topped consensus estimates. Ciena stock reversed down.
"Despite encouraging trends, we think the risk from tariffs and one-time elements boosting gross margin are among elements concerning investors," said Raymond James analyst Simon Leopold in a report.
For the quarter ending Jan. 31, Ciena earnings fell 3% to 64 cents a share on an adjusted basis. Revenue rose 3% to $1.07 billion.
A year earlier, the Hannover, Md.-based maker of optical communications gear, earned 66 cents a share on sales of $1.038 billion.
Analysts expected Ciena earnings of 41 cents on sales of $1.052 billion.
For the April quarter, Ciena said it expects revenue in a range of $1.05 billion to $1.13 billion versus estimates of $1.075 billion.
Ciena's fiber optics gear is built into telecom networks and hyperscale data centers operated by internet giants. Telecom customers have been ordering less network gear.
Ciena Stock Technical Rating
On the stock market today, Ciena stock initially climbed on the earnings release. Shares reversed down. In morning action, Ciena stock retreated 6.9% to 60.98.
The company usually provides guidance on its conference call with Wall Street analysts.
Shares had retreated 22% in 2025 prior to the Ciena earnings report.
Heading into the Ciena earnings report, the company owned a Composite Rating of 55 out of a best-possible 99, according to IBD Stock Checkup.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
