(RTTNews) - Ciena Corp. (CIEN), a network technology company, on Thursday reported higher net income in the second quarter of fiscal year 2026 compared with the previous year.
For the second quarter, net income surged to $218.22 million from $8.97 million in the previous year.
Earnings per share were $1.49 versus $0.06 last year.
Adjusted net income increased to $240.20 million from $60.66 million in the prior year.
Adjusted earnings per share were $1.64 versus $0.42 last year.
EBITDA for the period came in higher at $283.08 million from $66.71 million last year.
Adjusted EBITDA jumped to $341.77 million from $116.68 million in the same period a year ago.
Revenue increased to $1.57 billion from $1.135 billion in the previous year.
Looking ahead, the company expects third quarter revenue to be at $1.625 billion plus or minus $50 million.
For the fiscal year 2026, the company raised its revenue guidance to approximately $6.3 billion, plus or minus $100 million, from its prior forecast of $5.9 billion to $6.3 billion, which is a 32% increase year over year at the midpoint.
In the pre-market trading, Ciena is 6.22% lesser at $582.26 on the New York Stock Exchange.
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