Ciena Climbs 4% as $10B Backlog Outlook Outweighs Month-Long Slide; Arista and Cisco Edge Higher

Ciena (NYSE:CIEN) stock is climbing early Wednesday, up 4% to $347.60. The advance is a rebound rather than a breakout, since Ciena stock is down 19% over the past month. No fresh company news landed this morning, and the market is re-pricing disclosures Ciena made at the start of September, when the company reported record […]