Ciena reports narrower quarterly loss

(Reuters) - Network equipment maker Ciena Corp reported a smaller quarterly loss as revenue from its converged packet optical and packet networking businesses rose. Ciena shares were up 7 percent at $22.12 in premarket trading on Wednesday. Ciena's net loss narrowed to $1.2 million, or 1 cent per share in the third quarter, from $29.8 million, or 30 cents per share, a year earlier. Revenue rose 14 percent to $538.4 million. Excluding items, the company posted a profit of 23 cents per share. ...



via Tech News Headlines - Yahoo! News http://news.yahoo.com/ciena-reports-narrower-quarterly-loss-111306400--finance.html