Ciena Corp. (CIEN) reported first quarter adjusted EPS of $0.12 Thursday morning, compared to the loss of $0.17 in the prior year. The consensus estimate was for a loss of $0.14.
Ciena has gapped open sharply higher Thursday and is now up 2.10 at $17.04 on above average volume. The stock has risen above a 3-month range and has set a 6-month high.
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