Ciena rises after Q3 sees growth in cloud providers, recovery in service

Ciena Canada office building in Ottawa, Canada

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Ciena’s (NYSE:CIEN) stock rose about 2% premarket on Wednesday after fiscal third quarter results beat estimates.

For the three-month period ended July 27, Adjusted EPS tumbled about 40.6% year-over-year to $0.35, while revenue fell 11.8% year-on-year to $942.3M. However, both top and bottom line numbers of the networking company

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