Ciena (CIEN) +15% premarket after swinging to a surprise non-GAAP profit. CEO Gary Smith notes...

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

Ciena (CIEN) +15% premarket after swinging to a surprise non-GAAP profit. CEO Gary Smith notes market dynamics are "increasingly aligned with our strategy and competitive strengths." Gross margin increased to 43.2% from 40.3%, notwithstanding input cost increases. Telecom-equipment stocks have struggled with a shrinking customer base and weak spending; CIEN's investments in next-generation technology may be paying off.