Ciena Q4 Earnings, Q1 Revenue Outlook Miss Estimates
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