Ciena Corporation (CIEN) surged 17.83 percent to $111.73 on Thursday, up $16.91, after reporting strong third-quarter earnings. Revenue climbed to $1.22 billion from $942.3 million a year earlier, marking a 29.4 percent increase. Net income rose sharply to $50.3 million compared with $14.2 million in the prior-year quarter.
The stock opened at $115.00 and traded between $111.00 and $122.00, versus a previous close of $94.82 on the New York Stock Exchange. Volume reached 7.0 million shares, well above the average of 2.2 million.
Ciena shares are trading near their 52-week high of $122.00 and far above the low of $49.21.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.