Shares of Ciena Corp. surged 2.0% toward a 2 1/2-month high in premarket trading Thursday, after the optical networking company reported fiscal third-quarter...
Shares of Ciena Corp.
surged 2.0% toward a 2 1/2-month high in premarket trading Thursday, after the optical networking company reported fiscal third-quarter results that topped forecasts, citing increased customer activity and an elevated backlog. Net income for the quarter to July 29 rose to $29.7 million, or 20 cents a share, from $10.5 million, or 7 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 59 cents beat the FactSet consensus of 51 cents.
has advanced 17.6%.
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