Ciena Corp is trading 4.7% down at $444.72 as investors extend a sharp post-earnings selloff following its June 4 results and guidance update.
- Despite reporting strong Q2 numbers and raising its full-year revenue outlook due to AI-driven demand, the stock has faced several sessions of decline.
- Analysts suggest the downward movement reflects profit-taking and fading momentum after a significant prior rally, rather than any new negative fundamental developments.