JDS Uniphase Corporation ( JDSU ) is +1.02 at $15.17, with 371,599 shares traded. As reported by Zacks, the current mean recommendation for JDSU is in the "buy range".
Ciena (CIEND) shares climbed more than 15%, to $17.23, after the company reported a fiscal first-quarter loss of $47.3 million, or 47 cents a share, on revenue of $453.1 million, compared with a loss of $47.7 million, or 49 cents a share, on $416.7 million in sales in the same period a year ago. Excluding one-time items, Ciena would have earned 12 cents a share. Analysts surveyed by FactSet had forecast Ciena to lose 14 cents a share on $449.1 million in revenue. With Ciena in the lead, other optical networking company shares also advanced, as the sector usually moves in tandem. JDS Uniphase Inc. (JDSUD) shares rose more than 7%, Oclaro Inc. (OCLRD) was up by more than 6%, Infinera Corp. ( INFN ) rose almost 5%, and Finisar Corp. ( FNSR ) and Juniper Networks Inc. ( JNPR ) were each up by more than 4%.