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Ciena Reports Fiscal 2Q Loss On Impairment Charge

Stock quotes in this article: CIEN  

LINTHICUM, Md. (AP) — Ciena Corp., the telecommunications and network equipment company, said Thursday it lost $503.2 million in its fiscal second quarter, due to a hefty goodwill impairment charge and a steep drop in revenue.

The loss excluding items was larger than analysts expected.

Ciena shares fell 24 cents, or 2.2 percent, to $10.78 in morning trading Thursday. ...

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