Ciena Shares Rise Nearly 8% After Reporting Higher Q4 Revenue
Ciena Corporation (CIEN) is up 7.88 percent to $239.34, gaining $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 $19.48 million, or $0.13 per share, compared with $37.02 million, or $0.25 per share, a year earlier. Revenue rose 20.5% to $1.35 billion from $1.12 billion last year.The stock is trading at $239.34 after opening at $236.35, moving between $222.45 and $248.00 so far today on the New York S ...