Ciena Corp (CIEN)

[chmcnfunds]

Ciena, Alliance Fiber up in response to Finisar's results/guidance • 7:01 PM

Ciena (CIEN) +1.5% AH and Alliance Fiber (AFOP) +1.1% after Finisar beat FQ2 estimates and issued strong FQ3 guidance.

Ciena, which reports on the morning of Dec. 12, is now up 10% from Tuesday's close, thanks in large part to an FBR note predicting a strong report and arguing the company will benefit from a long-term trend towards shifting more network intelligence to the optical layer (as compared with the switching/routing layer).
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