Ciena Corporation (CIEN) jump 15% as a result of Bullish news signal:

CIEN said Thursday that adjusted fiscal second-quarter earnings were 45 cents a share, up 32% from a year ago, with revenue rising 10% to $707 million for the period ended April 30. A year earlier, Ciena's earnings were 34 cents a share on sales of $640.7 million. Analysts expected Ciena to report earnings of 37 cents on sales of $695.3 million.

[finviz ticker=CIEN]

On the basis of generally accepted accounting principles (GAAP), Ciena's net income for the fiscal second quarter 2017 was $38.0 million, or $0.25 per diluted common share, which compares to a GAAP net income of $14.0 million, or $0.10 per diluted common share, for the fiscal second quarter 2016.

Ciena's adjusted (non-GAAP) net income for the fiscal second quarter 2017 was $72.3 million, or $0.45 per diluted common share, which compares to an adjusted (non-GAAP) net income of $52.4 million, or $0.34 per diluted common share, for the fiscal second quarter 2016.

“We delivered outstanding second quarter performance across all financial metrics, underpinned by positive market dynamics and a growing competitive advantage," said Gary B. Smith, president and CEO, Ciena. "We continue to win as an innovation powerhouse with global scale and deep customer relationships across a broad set of applications and market segments."

Ciena expects fiscal third quarter 2017 financial performance to include:

Revenue in the range of $710 to $740 million

Adjusted (non-GAAP) gross margin in the mid-40s percentage range

Adjusted (non-GAAP) operating expense of approximately $235 million

Explanation:

Why Bullish? The company increases the yearly outlook. The stock has been impacted by the bullish news and jumped by 15%. It is very common that these type of news (i.e. Increase yearly outlook) will impact the stock in a bullish manner. Therefore, we provide this stock a short-term bullish signal

We provide a short-term bullish signal on May 22