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Ciena Networking Unit Reports $1.27B Q2 Revenue; Hyper-Rail Gets First Hyperscaler Order

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Sig2.30Sen+6.70Env0.00Soc0.00Gov0.00

Ciena’s Networking Platforms segment generated $1.27B in Q2’26 revenue, 81.1% of total, as Hyper-Rail photonic received its first hyperscaler order. The outlook is viewed positively, with a projected 47.4% price upside to $607.90 supported by strong execution, multi-year visibility, and backlog growth, despite margin lag versus peers.

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