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Ciena, Dell, BlackBerry: Tech Premarket

NEW YORK ( TheStreet) -- Ciena (CIEN - Get Report) 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 - Get Report) 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 - Get Report) was off 0.11% at $425.11.

--Written by James Rogers in New York.

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DELL $0.00 0.00%
AAPL $95.38 1.90%
ARMH $40.87 -0.63%
BBRY $6.86 -2.80%
CIEN $16.56 -1.50%


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NASDAQ 4,775.4250 -42.1690 -0.88%

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