Ciena stock is making a big move in Thursday’s session after Ciena Corporation (NYSE:CIEN) reported higher profit and revenue for the fiscal second-quarter.
Results Beat EstimatesCiena recorded a major rise in both revenue and earnings in its second quarter, which beat expectations comfortably. Following the publication of the results, Ciena stock soared. The company’s net income for the period that ended on April 30 stood at $52.7 million, and the earnings per share came in at 33 cents. In the year-ago quarter, the net income was $13.9 million, and the earnings per share stood at ...
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