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Ciena (CIEN) Stock Climbs on Q3 Earnings Beat

NEW YORK (TheStreet) -- Shares of Ciena (CIEN) were up in pre-market trading on Thursday after posting better-than-expected earnings for the 2016 third quarter.

Before the market open, the Hanover, MD-based telecom-equipment maker reported adjusted earnings of 42 cents per share, topping analysts' estimates of 38 cents per share.

Revenue rose 11.2% year-over-year to $670.6 million but missed analysts' projections of $672.2 million. Products revenue climbed 12% to $553.5 million while services revenue...