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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.
Fool contributor Anders Bylund holds no position in any of the companies mentioned. We Fools don't all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.
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