In the near-term, the stock favors a trend toward following through with more aggressive same-direction trade in the regular session following an earnings-driven pre-market move, with widening events in six of the last 7 quarters.
On June 4, 2009, CIEN declined 5.9% in pre-market trade after missing Q2 estimates but also guiding for sequential revenue growth. The stock reversed course in that day's regular session, ending up 5.5%.
On March 5, 2009, CIEN advanced 3.5% in pre-bell action despite reporting lower year-over-year results and missing Street estimates. The stock added to its upside in the March 5 regular session, rising 11% by the closing bell.
On Dec. 11, 2008, CIEN tumbled 11% in pre-market trade after missing expectations and setting guidance below the Street view. The stock added to its downside in that day's regular session, losing 20% by the closing bell.
On Sept. 4, 2008, CIEN declined 19.1% in pre-bell action after issuing a mixed Q3 report and weaker-than-expected Q4 guidance. The stock tumbled deeper in the red in the following regular session, losing 25% by the closing bell on Sept. 4.
On June 5, 2008, CIEN declined 3.3% in pre-market trade despite beating expectations and reiterating its revenue growth guidance. The stock headed deeper in the red in that day's regular session, losing 7.8% by the closing bell.
On March 7, 2008, CIEN advanced 7.7% in pre-market action after topping Q1 estimates and setting its guidance above Street expectations. The stock turned even higher in the following regular session, rising 11.4% by the March 8 close.
