Shares of Ciena Corp. (CIEN) are trading more than 4 percent on Monday morning after the company reported an increase in first-quarter earnings on 25 percent revenue growth.
The quarterly earnings grew to $76.2 million or $0.51 per share from $45.8 million or $0.29 per share last year.
Revenue for the quarter increased to $1.056 billion from $844.4 million a year ago.
Currently, shares are at $51.23, up 4.36 percent from the previous close of 449.09 on a volume of 3,033,484.
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