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Ciena’s stock pares losses as company reiterates forecast after Lumentum warning

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Ciena Corp. reaffirmed its outlook Thursday after optical-networking component maker Lumentum Holdings Inc. lowered its own forecast the previous afternoon, citing an order cancellation from a major customer.

See also: Lumentum stock sinks nearly 10% after forecast revision

Networking company Ciena CIEN continues to expect $1.035 billion…

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