Ciena (CIEN) early Friday announced a deal with Sweden-based telecom gear supplier Ericsson (ERIC) to jointly develop and co-market a hot, emerging technology called software-defined networking, sending Ciena stock rising. Software-defined networking, or SDN, targets communications networks and tasks usually performed by routers and other specialized hardware. SDN centralizes control of network security, storage systems and servers connected to
Wall Street has turned cautious on Ciena (CIEN) after the fiber-optic parts maker on Thursday missed fiscal fourth-quarter earnings targets and forecast current-quarter sales below views. BMO Capital Markets upgraded Ciena stock to outperform from market perform. But FBR Capital Markets, RBC Capital Markets and UBS lowered their price targets on the stock. “Ciena’s top line and order trends remain solid, but things are still not translating to
Ciena (CIEN) stock fell Thursday after the fiber-optics parts maker missed fiscal Q4 earnings estimates and forecast current-quarter revenue below views. Ciena stock was down 3.3% in early trading in the stock market today. Fiber-optics rival Finisar (FNSR), however, was up 2% in early trading Thursday, while JDS Uniphase (JDSU) was down 1%. Finisar last week beat expectations, sending its stock rising, as IBD reported. IBD’s Telecom-Fiber Optics