Volume Spike Investor

Shares of Ciena Corp. (NASDAQ: CIEN) are trading down 17% pre-market and this is going to be one of the more active stocks on NASDAQ: today.  The earnings were fine, but guidance is really sucking wind.  As of 8:30 AM EST we have seen more than 1.14 million shares trade hands and the $14.50 pre-market level will mark a new 52-week low as the adjusted trading range is $16.34 to $49.55.

Stocks to watch with it, most of which gave cautious numbers previously: JDSU, ADCT, ARRS, SONS, HLIT…

Jon C. Ogg
September 4, 2008