Ciena Shares Rise Nearly 8% After Reporting Higher Q4 Revenue
Ciena Corporation (CIEN) is up 7.88 percent to 17.49 on Thursday after the company posted fourth-quarter results that showed a drop in profit but a strong increase in revenue. Ciena reported earnings of 0.13 per share, compared with 0.25 per share, a year earlier. Revenue rose 20.5% to 1.12 billion last year.The stock is trading at 236.35, moving between 248.00 so far today on the New York S ...