By Chris Versace
Publication Date: 2026-06-04 18:30:00
In addition to Broadcom (AVGO) being in the red today, Ciena (CIEN), which is part of the Pro Portfolio’s EPS All-Stars basket, is down double digits as well. Much like the parabolic rise in AVGO shares ahead of Broadcom’s earnings report last night, CIEN shares have also been on fire of late ahead of this morning’s earnings report, up nearly 50% since we added them to the EPS All-Stars basket and more than 100% since early March.
With that in mind, by the numbers, Ciena delivered April-quarter results that easily cleared market expectations, with EPS of $1.64 on revenue of $1.57 billion, compared to the market consensus of $1.46 and $1.5 billion, respectively. The company lifted its 2026 top-line guidance to $6.2 billion-$6.4 billion from a December 2025 forecast of $5.7 billion-$6.1 billion and the $4.8 billion posted in fiscal 2025.
The issue, and it’s the same one we saw with Broadcom, is the market priced in a much larger “beat-and-raise”…
