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Shares of Ciena are higher by 2.35% to $20.50 on Friday morning, after the Hanover, MD-based telecom-equipment maker reported strong 2016 second quarter results yesterday. Ciena reported second quarter earnings of 34 cents per share, higher than analysts' expectations of 27 cents per share. Comment?
Ciena shares are flying 12.19% to $19.92 on heavy trading volume Thursday as the telecom-equipment maker's fiscal second quarter results soundly beat Wall Street's expectations. This morning the company reported earnings of 34 cents a share, surpassing forecasts of 27 cents a share. Comment?
Ciena shares closed Wednesday's trading session up 1.72% to $17.76 ahead of the company's fiscal 2016 second quarter results due out Thursday before the market open. The company will likely see a strong demand for packet-optical transport and switching products, integrated network and service management software, which may lift results, Zacks analysts said. Comment?
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