Thursday, June 1, 2017

Ciena shares skyrocket 15 percent after strong earnings report

Ciena Corp. shares soared 15 percent in afternoon trading Thursday after it reported profit in the second quarter more than doubled. The Hanover-based computer networking company reported earnings of $38 million, or 25 cents per share, compared to $14 million, or 10 cents per share, in the same time period last year. Ciena shares were up more than $3.50 to $27 per share in mid-day trading. Ciena (NYSE: CIEN) reported revenue of $707 million for the second quarter ending April 30, up 10 percent…



from http://www.bizjournals.com/baltimore/news/2017/06/01/ciena-shares-skyrocket-15-percent-after-strong.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/161323940947

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