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Why Ciena (CIEN) Stock Is Tanking Today

Ciena (NYSE:CIEN) stock is down today as the company released its quarterly earnings results.

CienaThe telecommunications network equipment supplier posted earnings of 42 cents per diluted share on revenue of $692 million for the fiscal 2015 fourth quarter.

Analysts expected earnings of 38 cents per share on revenue of $683.56 million for the quarter. Ciena also updated its first-quarter forecast to a range between $555 million and $590 million.

Analysts  expect revenue of $636.71 million for the period.

CIEN stock is down 16.1% Thursday.

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