Crude Oil Gains 1%; Ciena Earnings Top Views
1. Ciena Corp. reported strong fiscal Q1 earnings exceeding expectations. 2. Revenue grew 3.3% year-on-year to $1.07 billion, above estimates. 3. Adjusted EPS of 64 cents beat the consensus of 41 cents. 4. Overall market trends declined, with Dow down over 1% today. 5. Technology sector, including CIEN, faced minimal decline of 0.1%.