April 13, 2024
Ciena’s stock pares losses as company reiterates forecast after Lumentum warning

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

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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