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Tech Winners & Losers: Ciena

Stock quotes in this article: CIEN , CSCO , JNPR , ORCL , CAVM , MRVL  

Tech stocks took a sharp dive on Thursday along with the rest of the major market indices following bleak employment figures.

The Nasdaq fell 2.9% to 2267 in recent trading.

The big loser was communications-equipment maker Ciena(CIEN Quote), which sank 25% to $13.16 after reporting a big dip in third-quarter profit. The company slashed its guidance for fourth quarter sales, citing purchasing delays by large telecom customers. ...

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