Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of communications networker Ciena
So what: This jump is a bit of a shocker, because last night's fourth-quarter report wasn't exactly the stuff dreams are made of. Sales grew 9% year over year to $456 million, just ahead of analyst targets, but $0.03 of adjusted earnings per share came up short, and the next-quarter outlook wasn't overly optimistic.
Now what: Sometimes it's more important how you say something than what you're saying; CEO Gary Smith said that his company is taking market share in a period that's holding down sector rivals from JDS Uniphase
Interested in more info about Ciena? Add it to My Watchlist.