Shares of Ciena (NYSE: CIEN) soared as much as 19.2% higher on Thursday morning, sparked by the telecommunications networking equipment maker’s strong second-quarter earnings report.
In the second quarter, Ciena’s adjusted earnings rose 32% year over year to $0.45 per diluted share, besting Wall Street’s consensus estimate by $0.08. On the top line, revenue increased 10% over the year-ago period to land at $707 million, exceeding analyst estimates by $11 million.
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