Scalper1 News
Fiber optics company Ciena (CIEN) early Thursday guided 2016 revenue well below Wall Street expectations, sending its stock tumbling. Ciena stock was down 17% in midday trading in the stock market today and touched a nearly four-month low, under 20. It was a deep drop from the stock’s 20-month high of 26.50, which it touched on July 24. Still, the gear maker swung to a profit of 42 cents a share minus items for its fiscal Q4, ending Oct. 31, from Scalper1 News
Scalper1 News