Ciena Corp. (CIEN) saw its stock surge 6.84% in pre-market trading on Thursday, as investors positioned themselves ahead of the company's fourth-quarter earnings report scheduled for the same morning.
The telecommunications equipment provider is expected to report an earnings per share (EPS) of $0.78 for the quarter, according to FactSet Research estimates. The pre-market rally suggests positive investor sentiment or anticipation of strong results ahead of the official release.
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