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Ciena beats Q2 expectations with 40% revenue growth and raises FY26 guidance.

Company Fundamentals
08 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Ciena reported strong Q2 results, delivering earnings per share of $1.64, surpassing the expected $1.46, and achieving 40% year-over-year revenue growth to $1.57 billion. The company raised its full-year 2026 revenue guidance to $6.3 billion and operating margin to 19%, supported by a $7.7 billion backlog and new contracts with hyperscalers. Ciena's financial health is solid, with a 13.9% free cash flow margin, improved cash conversion cycle, and a nearly net-cash balance sheet. The positive outlook and robust business fundamentals suggest long-term growth potential despite a premium valuation.

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