Ciena shares rise after better-than-expected fiscal third-quarter earnings
Ciena shares rose Thursday after the networking company reported better-than-expected quarterly earnings, citing ongoing AI-driven demand. Adjusted earnings were $2.11 per share for the fiscal third quarter ended Aug. 1.
Shares of Ciena rose Thursday after the networking company reported better-than-expected quarterly earnings, as artificial intelligence continued to drive demand for its products. The company posted adjusted earnings of $2.11 a share in the fiscal third quarter ended Aug. 1, up from 67 c…