Ciena Corporation (NYSE:CIEN) stock is trading higher on Wednesday as fiber optic connectivity companies gain following fourth-quarter financial results from Lumentum Holdings Inc.
(NASDAQ:LITE).
Lumentum reported earnings and revenue that topped expectations and issued first-quarter guidance above Street estimates.
The Nasdaq is up 0.86% while the S&P 500 has gained 0.29%, and Technology is leading all sectors with a 1.57% gain.
Sector Sympathy Rally Lumentum posted its quarterly results after Tuesday’s closing bell.
