CIEN had a big day on Wednesday, trading up over 13% to close the regular session at $4.30 as investors bid up the stock in anticipating of the company’s quarterly earnings report on Thursday. Volume was extremely heavy, with over 57 million shares of the stock changing hands, compared to a normal daily average of just over 24 million shares traded. In addition to earnings excitement, the stock also received a boost from the ADCT acquisition of ANDW, which also pushed the stock higher. CIEN currently has a 52 week high of $5.62 and a market cap of $2.5 billion dollars. We’ll be watching the earnings report on Thursday, and keeping all of our readers posted.
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