Ciena Stock Stabilizes After Big Drop. Why Wall Street Thinks It Will Bounce Back.

Ciena shareholders didn’t find much to like about the networking company’s quarterly earnings report but analysts are doubling down on the stock. Shares slumped 13% on Thursday after Ciena beat earnings and revenue expectations for its fiscal first quarter and lifted its outlook for the fiscal year. If you came into the earnings report as a fan of Ciena it likely was because of the soaring demand for networking solutions within and between data centers.