CIEN had its third straight strong day in a row on Friday, trading up over 3% to close the session at $4.65. This caps a very strong week for the company, whose strong earnings report sent the entire sector higher. Volume was moderately heavy on Friday, with almost 30 million shares of the stock changing hands, compared to a normal daily average of just under 26 million shares traded. CIEN seems to be accumulating some decent upwards momentum right now, and I would expect this stock to trade higher throughout the week next week, carrying the sector along with it. CIEN currently has a 52 week high of $5.62, and a market cap of just over $2.7 billion dollars.
Sorry, the comment form is closed at this time.