Stocktwits data reveals Ciena’s ticker has hit its highest message volume this year, with users debating if the price surge is justified by optimistic guidance despite the earnings miss.
Earnings per share came in at $0.42, above the $0.17 consensus estimates
Retail sentiment on the stock fell to 'neutral' from 'bullish' from a week ago.
The company raised its full year guidance for comparable sales growth to a range of 3.6% to 4.2%, up from 2.5% to 3.5% previously.
The global licensing deal includes $500 million in cash and $325 million in equity, at a 35% premium upon closing.
Users on Stocktwits appear to be bearish following the revised guidance, which now projects a larger revenue decline, with the improved operating margin forecast failing to lift sentiment.
Dolby CEO says he is excited about the company’s opportunity with Dolby.io, which is well positioned to provide real time interactive experiences for sports and entertainment.
ZoomInfo CEO Schuck said the company is focused on satisfying new and existing customers through product innovation and customer obsession.
Over the past year, GME’s following on Stocktwits has increased by 16%, while message volume surged over 1,110%, driven largely by the return of influential trader Keith Gill aka "Roaring Kitty".
Retail sentiment on the stock turned ‘extremely bullish’ (85/100) from ‘bearish’ (39/100) a day ago. While the message volumes were ‘extremely high’.