Nearly three decades in the fiber-optic network business sometimes gives Ciena a valuable line of sight. Its latest view isn’t encouraging, and helped push down technology shares generally on Thursday. As part of its fiscal third-quarter report early Thursday, Ciena issued a disappointing revenue forecast for the current period ending in October. The company now expects revenue in the range of $800 million to $840 million—about 17% below Wall Street’s expectations. Ciena had previously noted that the pandemic has complicated...

Source: Wall Street Journal September 03, 2020 20:37 UTC