Ciena Reports Mixed Fiscal Q4, Reassures Wall Street

By | December 11, 2014

Scalper1 News

Fiber-optic company Ciena delivered a mixed fiscal Q4 Thursday, but it was good enough to push the depressed stock up nearly 9% in afternoon trading on the stock market today. Ciena reached nearly 18.50, a more than two-month high.  Ciena (CIEN) reported sales of $591 million in the quarter ended Oct. 31, up 1% from the year-earlier quarter and about $1.5 million above analyst consensus, according to Thomson Reuters. But the company lost 8 cents a Scalper1 News

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