Ciena (CIEN) volatility elevated as shares rally on Q2 revenue of $477M

Ciena (Nasdaq: CIEN) is recently up 61c to $12.49 in the premarket after reporting Q2 adjusted EPS 4c, consensus (3c). Well Fargo say’s “Strong cost controls drive EPS upside.” Overall option implied volatility of 72 is above its 26-week average of 56 according to Track Data.

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