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 gapped open sharply higher Thursday, but was range-bound throughout the session. The stock ended the day higher by 2.59 at $17.53, with volume at a 6-month high. Ciena rose above a 3-month range and set over a 6-month high.
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