Ciena Posts Solid Q1 Beat, Raise; Guidance Could Be Missed Depending On 'Outcome Of Proposed Tariffs'
1. Ciena's revenues grew 3% to $1,072 million, surpassing estimates. 2. Non-GAAP earnings reached 64 cents, well above the 41-cent expectation. 3. Analysts expressed mixed feelings due to cautious second-quarter guidance. 4. Strong demand from cloud providers drove over 50% of orders. 5. Concerns grow over tariffs and potential recession impact on demand.