Ciena Corporation (CIEN) stock fell sharply by 5.08% in the pre-market trading session on Thursday, following the company's weaker-than-expected fourth-quarter earnings report.
The telecom equipment maker reported adjusted earnings per share of $0.54 for the fiscal fourth quarter, missing analysts' estimates of $0.66. However, the company's revenue of $1.124 billion beat expectations of $1.104 billion.
The disappointing earnings results likely weighed on investor sentiment, driving Ciena's shares lower in pre-market trading. Despite the revenue beat, the company's failure to meet profit expectations raised concerns among investors about its profitability and margins.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。