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Ciena Corp. (CIEN) Has Broken Out To A New High On Q4 Results

Ciena Corp. (CIEN) reported fourth quarter adjusted EPS of $0.53 Thursday morning, which topped the consensus estimate of $0.48. The company's revenue for the quarter rose 20.8% to $899.36 million from $744.45 million last year.

Ciena gapped open sharply higher this morning and is now up 4.07 at $36.21 on above average volume. The stock has broken out past resistance and has set a new high for the year.

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