12:24 PM EDT, 06/05/2025 (MT Newswires) -- (Updates with stock movement in the headline and the first paragraph.)

Ciena (CIEN) shares were down 13% in recent Thursday trading after the company reported fiscal Q2 adjusted earnings that increased year-over-year but fell short of analysts' expectations.

The networking and software company reported fiscal Q2 adjusted net income of $0.42 per diluted share, up from $0.27 a year earlier.

Analysts polled by FactSet expected $0.52.

Revenue for the quarter ended May 3 was $1.13 billion, compared with $910.8 million a year earlier.

Analysts polled by FactSet expected $1.09 billion.

Price: 72.88, Change: -10.92, Percent Change: -13.03