Movement Alert｜Ciena Rises 3.27% in Pre-Market Trading, Optical Communications Sector Extends Strong Rebound

Market Focus

Jul 27

On July 27, Ciena rose 3.27% in pre-market trading, trading at $403.70/share, with turnover of $215,400.

On the news front, the optical communications sector extended its strong rebound as selling pressure from prior consecutive adjustments was gradually absorbed. Industry peers broadly strengthened, with Lumentum up 3.65%, Arista Networks up 1.53%, Cisco up 1.22%, and Nokia up 0.99%.

On the fundamental side, Ciena's latest mid-year report showed revenue of $2.998 billion, up 36.38% year-over-year, with net profit attributable to the parent company surging 588.26% year-over-year. BNP Paribas previously raised its target price to $640 and maintained an outperform rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Industry peers broadly strengthened, with Lumentum up 3.65%, Arista Networks up 1.53%, Cisco up 1.22%, and Nokia up 0.99%.</p><p>On the fundamental side, Ciena's latest mid-year report showed revenue of $2.998 billion, up 36.38% year-over-year, with net profit attributable to the parent company surging 588.26% year-over-year. BNP Paribas previously raised its target price to $640 and maintained an outperform rating.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CIEN","symbol_name":"Ciena科技","start_time":0,"source_url":"","article_id":"1129468224","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129468224","pubTimestamp":1785140196,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 27, Ciena rose 3.27% in pre-market trading, trading at $403.70/share, with turnover of $215,400.On the news front, the optical communications sector extended its strong rebound as selling...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CIEN":"Ciena科技"},"translate_title":"走势提醒|Ciena盘前交易上涨3.27%，光通信板块延续强劲反弹","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CIEN":1},"content_text":"On July 27, Ciena rose 3.27% in pre-market trading, trading at $403.70/share, with turnover of $215,400.On the news front, the optical communications sector extended its strong rebound as selling pressure from prior consecutive adjustments was gradually absorbed. 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