Ciena Corporation (NASDAQ:CIEN) trades up, Strategic Hotels and Resorts Inc (NYSE:BEE)
Northern, WI 05/05/2013 (GDPInsider) – Ciena Corporation (NASDAQ:CIEN): There was a rise of 2.72% in Ciena Corporation (NASDAQ:CIEN) shares in Friday’s trading session. The opening price of the shares was $14.60 which touched an intraday high of $14.90 and then dropped to $14.55 per share. Over 2.97M shares were traded in Friday’s trading session which was lower than the average volume of 3.29M that was measured over the last 30 days.
At the beginning of the month, the company announced that its 6500 Packet-Optical platform is going to be deployed by the Massachusetts Broadband institute (MBI).
This deployment is in direct alignment with Ciena’s approach towards building programmable and open net-generation networks that can adapt and scale in a quick and efficient manner to deliver bandwidth and services. The company had to pass through an extensive field trail and evaluation period. This was managed by G4S the Ciena Biz Connect partner and project systems integrator. It was selected only post having completed this process successfully.
Ciena Corporation (NASDAQ:CIEN) is a communications networking equipment-provider. It also offers services and software that support switching, transport, management of data and voice traffic and aggregation.
How Should Investors Trade CIEN Now? Get key and important information right here.
Strategic Hotels and Resorts Inc (NYSE:BEE): There was a rise of 1.75% in Strategic Hotels and Resorts Inc (NYSE:BEE) shares in Friday’s trading session. The opening price for the shares was $8.06 which touched an intraday high of $8.25 before dropping to $7.99 per share. Over 3.08M shares were traded in Friday’s trading session which was almost double that of the average volume of 1.75M that was measured over the past 30 days.
In the first-quarter, the company reported a net loss of $0.12 per share which amounted to $23.4 million in comparison with the $0.17 per share or $31.5 million loss that it had incurred in the same quarter in the previous year. This was a reflection that its revenues had improved from the quarter a year ago. The FFO or comparable finds from it operations for the quarter amounted to $2.3 million or was break-even per share. This was down from the $0.02 per share or $3.1 million that it stood at, a year ago.
Strategic Hotels and Resorts Inc (NYSE:BEE) is a self managed and self-administering REIT. It’s full-service hotel interests are situated in resort and urban markets across the United States, Germany, England, Mexico, Hamburg and Punta amongst others.
How Should Investors Trade BEE Now? Get the latest trends and data here.
WallStreetAnalyzed.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetAnalyzed.com website, for complete risks and disclosures.