Ciena (CIEN) volatility at 63; shares up 9% in premarket on better than expected revenue

Ciena (Nasdaq: CIEN) is recently up $1.18 to $14.62 in the premarket after reporting better than expected Q1 revenue expectations. Avondale has an $18 price target and a Market Perform rating on the company. Overall option implied volatility of 63 is near its 26-week average.

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