Ciena, Dell, BlackBerry: Tech Premarket
NEW YORK (TheStreet) -- Ciena (CIEN) was a big winner in premarket trading on Thursday, surging more than 14% after posting better-than-expected first-quarter results.
The networking specialist reported revenue of $453.1 million and earnings, excluding items, of 12 cents a share. Analysts were looking for sales of $448.3 million and a loss of 13 cents a share.
Ciena shares rose 14.99% to $17.18 in premarket trading. The Hanover, Md.- based firm was also the most active premarket Nasdaq stock on share volume of 1,135,398.
Dell (DELL) was a more modest gainer, rising 0.14% to $14.34 on share volume of 509,100. On Thursday, activist investor Carl Icahn said in a letter to Dell's board that he will propose a debt-financed $9 a share dividend over the company's proposed $24.4 billion takeover from founder Michael Dell and Silver Lake Partners.
BlackBerry (BBRY) shares rose 1.27% to $13.52. Vodafone (VOD) shares dipped 0.65% to $26.83 while chip design specialist ARM Holdings (ARMH) slipped 1.13% to $42.95. Apple (AAPL) was off 0.11% at $425.11. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: tips@thestreet.comSelect the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
