Ciena Corporation (CIEN) is up 7.88 percent to $239.34, gaining $17.49 on Thursday after the company posted fourth-quarter results that showed a drop in profit but a strong increase in revenue.
Ciena reported earnings of $19.48 million, or $0.13 per share, compared with $37.02 million, or $0.25 per share, a year earlier. Revenue rose 20.5% to $1.35 billion from $1.12 billion last year.
The stock is trading at $239.34 after opening at $236.35, moving between $222.45 and $248.00 so far today on the New York Stock Exchange. The bid is $232.68, and the ask is $233.38. Trading volume has reached 5,278,851, compared to an average of 2,903,439.
Ciena's 52-week range stands at $49.21 to $248.00, putting today's move near the top end of its yearly trading band.
For comments and feedback contact: editorial@rttnews.com
Business News
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.