Ciena Corp., a maker of communications-network equipment, tumbled the most in more than three years after reporting a wider-than-projected loss and forecasting lower revenue than analysts had estimated.
Ciena Corp. (Nasdaq: CIEN) is a provider of communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic.
So while the locals are clogging up the airwaves demanding to know where their next gold medal will come from, service providers can mostly rest easy in the knowledge they're on the right path to progress.
The funding round was led by Samsung Venture Investment Corporation, the investment arm of consumer technology giant Samsung Group, alongside existing Raydiance investors Draper Fisher Jurvetson, DFJ-Growth and Greenstreet Partners.
Kohl's Corp (KSS) fell 1.23% on sluggish Q2 sales even as coal company Alpha Natural Resources (ANR) surged 15.08%. Sherwin-Williams (SHW) advanced to its highest level ever, appropriately enough in a sluggish low-volume session for stocks that was ...