Ciena Corp. (CIEN) reported a fourth quarter adjusted loss of $0.08 per share Thursday morning, compared to the profit of $0.16 per share last year. Analysts expected EPS of $0.13. Revenues grew 1.3 percent to $591.96 million from $583.39 million last year, and topped the consensus estimate of $589.44 million.
Ciena gapped open sharply higher Thursday and climbed during the first hour of trade. The stock was range-bound for the remainder of the session and closed up by 1.18 at $18.14 on above average volume. Ciena rose to over a month and a half high.
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