Lates News

In the final trading hours on Thursday, the stock price of Ciena, a telecommunications networking equipment company, surged by 19.8% after the company reported third-quarter earnings that exceeded expectations. Ciena achieved earnings per share of 67 cents with revenue of $1.22 billion. Analysts surveyed by FactSet had previously expected earnings per share of 53 cents with revenue of $1.7 billion. The fourth-quarter revenue guidance also exceeded expectations.