$CIEN is sliding -10.7% today despite a strong earnings beat — a classic "sell the news" scenario. Ciena posted Q3 FY26 EPS of $2.11 (vs. $1.73 expected) and revenue of $1.67B (+37% YoY), but investors soured on the Q4 gross margin guidance of 44.5–45.5%, which came in slightly below expectations. The stock was among the biggest midday movers, per CNBC. Network Consensus Forecast: Analysts lean cautiously optimistic (5 Buy / 6 Hold / 0 Sell), with a consensus target of $572. AI models see near-term prices around $295–$297. Technicals show RSI and MACD in bearish recovery mode, with the broader trend still up-but-flattening.
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