Ciena higher following Tellabs deal

|About: Ciena Corporation (CIEN)|By:, SA News Editor

Ciena (CIEN +2.1%) is rallying after struggling telecom equipment rival Tellabs announced it's being acquired for $891M by investment firm Marlin Equity.

Ciena's market cap ($2.85B) is considerably larger than Tellabs', and (unlike Tellabs) the company has been taking share in recent quarters rather than losing it.