--- title: "U.S. stock night market volatility: Ciena's earnings exceeded expectations but fell over 10%, with high valuations and profit-taking suppressing the stock price" type: "News" locale: "en" url: "https://longbridge.com/en/news/288789721.md" description: "Ciena fell 4.22% in after-hours trading; Lumentum Holdings fell 4.54% in after-hours trading, with a transaction volume of USD 11.02 million; Applied Optoelectronics fell 6.28% in after-hours trading, with a transaction volume of USD 6.76 million; Nokia fell 4.75% in after-hours trading, with a transaction volume of USD 3.44 million" datetime: "2026-06-05T01:11:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288789721.md) - [en](https://longbridge.com/en/news/288789721.md) - [zh-HK](https://longbridge.com/zh-HK/news/288789721.md) --- # U.S. stock night market volatility: Ciena's earnings exceeded expectations but fell over 10%, with high valuations and profit-taking suppressing the stock price **U.S. Stock Night Market Movements** Ciena fell 4.22% in the night market. Based on recent key news: 1. On June 4, Ciena announced its financial report, and although the performance exceeded expectations, the stock price plummeted 14% due to the market's cautious attitude towards its high valuation. Ciena's full-year revenue guidance was raised to $6.3 billion, but the market deemed this insufficient to support a higher valuation. Source: Benzinga 2. On June 4, Ciena's financial report showed a 40% year-on-year revenue growth and a 290% increase in adjusted earnings per share. However, the market's focus on its profit margins led to a decline in stock price. Source: Benzinga 3. On June 4, Ciena's stock price dropped after the financial report was released, despite its performance and revenue outlook exceeding expectations, as the market was disappointed with the guidance for future performance. Source: Benzinga The demand in the optical communication industry is strong, with high valuations. **Stocks with High Trading Volume in the Industry** Lumentum fell 4.54% in the night market. Based on recent key news: 1. On June 4, Lumentum's senior vice president and board members conducted internal stock sales, leading to a decline in stock price. Despite analysts holding a positive outlook on the company and the first-quarter performance exceeding expectations, the stock price still fell. Source: Zhito Finance 2. On June 3, TrendForce research pointed out that the expansion of AI data centers is driving an increase in demand for optical communication components, and Lumentum is actively expanding production to meet market demand. Source: TrendForce 3. On June 3, AI-driven stocks rose, and Nvidia's AI investments boosted Lumentum's stock price. Source: Jinshi Data The expansion of AI data centers is driving growth in optical communication demand. Applied Optoelectronics fell 6.28% in the night market. Based on recent key news: 1. On June 2, Applied Optoelectronics' director Chen Minchu sold 8,247 shares of common stock at a price of $201 per share. This sale reduced his direct holdings to 161,053 shares. This news raised market concerns, leading to a decline in stock price. 2. On June 4, Brainstorm Technology further sold 6,500 shares of Applied Optoelectronics for a total price of approximately $1.3 million. This move further exacerbated negative sentiment in the market towards the company, causing the stock price to continue to decline. 3. On June 2, analyst Serenity predicted that the photonics industry would reach an important turning point in the first half of 2027, but it is still in the capacity construction phase. The market's expectations for future growth have been priced in early, leading to stock price fluctuations. The photonics industry is expected to grow, with significant market volatility. Nokia fell 4.75% in the night market. Based on recent news: 1. On June 4, Nokia tightly grasped the lifeline of AI, completing its transition from "the tears of the era" to "the infrastructure provider of the AI era." This identity switch has allowed the market to see Nokia's potential again, but the stock price remains volatile in the short term Source: Golden Finance On June 4th, Nokia's mainstream user group is still feature phone users. Although the smartphone market is highly competitive, Nokia has accurately targeted the niche market by launching a 4G micro-chat phone priced at 199 yuan, creating a good synergy effect. Source: Golden Finance On June 3rd, Nokia's first "micro-chat phone," the Nokia 200 4G and Nokia 210 4G, have sold out during the pre-sale stage, and the factory is working overtime to prepare stock. Although the revenue contribution is limited, the market recognizes its AI transformation mainline. 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