U.S. markets are set to open high on Tuesday as worries about a trade war start to calm down.
Shares of Ciena Corp. (CIEN, Financial) rose on the heels of the company reporting its financial results in the first quarter. The company posted an adjusted earnings per share of 15 cents. The company’s revenue of $646.14 million was also higher than the figure reported a year earlier by 4%. Moreover, Ciena managed to beat the EPS expectations by two cents, and $4.18 million in revenue.
In the first quarter, the company has repurchased 874,000 shares at an average price of $22.34 per share.
Gary B. Smith, president and company´s CEO, said: “We also are confident in our ability to continue driving market share gains across key geographies and customer segments by intersecting the industry’s demand drivers with leading innovation.”
Gainers
• Micron Technology, Inc. (MU, Financial)
• Mylan N.V. (MYL, Financial)
• Freeport-McMoRan Inc. (FCX, Financial)
• Marriott International, Inc. (MAR, Financial)
Losers
• Target Corporation (TGT, Financial)
• QUALCOMM Incorporated (QCOM, Financial)
• SCANA Corporation (SCG, Financial)
• Nordstrom, Inc. (JWN, Financial)
Global Markets
The main European stock markets closed in positive territory. The U.K.'s FTSE gained 0.85%, France's CAC advanced 0.54%, Spain's Ibex jumped 0.41% andGermany's Dax gained 0.66%.
In Asia, India’s BSE Sensex fell 1.27%, but Japan's Nikkei gained 1.79%, Hong Kong's Hang Seng advanced 2.09% and China´s SSE Composite jumped1.00%.
(Disclosure: The author holds no positions in any stocks mentioned)
