Ciena Corp (CIEN) News & EventsCIENNews & EventsCiena Corp

Major Averages Rise as Bond Yields Slip

The major averages were broadly higher near noon as bond yields slipped after the U.S. Treasury Department announced an increased buyback operation for longer-term debt. Investors are also eyeing stabilization following recent declines led by a sharp selloff in technology and semiconductor names.The Federal Reserve's July meeting minutes are the day's main catalyst, due at 2 p.m. ET. Investors will be looking for clues about the debate within the FOMC after the central bank held rates at 3.5%-3.75% in July. The minutes could be particularly important following the weak July employment report and relatively contained inflation data, which have reduced probabilities for a more hawkish September policy tilt, although rising oil prices and longer-term Treasury yields complicate the outlook.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Targetprovided areport for Q2TJXreportedand provided a conservative outlook for Q3 and FY27 earningsLowe'sreportedand narrowed its FY26 guidanceLa-Z-Boyreportedand provided a conservative revenue guide for Q2OpenAI's revenue rose 18% from Q1 to Q2 but its losses deepened and operating margin sank further into the red,2. WALL STREET CALLS:William BlairModernato Outperform from Market PerformMorgan StanleyBaiduto Underweight on ramping AI investmentsNorthlandCienaon larger than expected marketJPMorganKlarnato Neutral on lack of visibility into medium-term trendsRBC Capitalcoverage of McKessonwith a Sector Perform rating and $845 price target3. AROUND THE WEB:Novo Nordiskis testing lower doses of oral Wegovy to identify the minimum effective dose, Reuters reportsMicrosoftAI CMO Andrea Mallard is stepping back from her role about six months after joining the AI unit, Business Insider saysSamsunghas raised the prices for some advanced contract chipmaking services by up to 15% due to strong demand, Reuters reportsGooglehas told suppliers it plans to move all Pixel phone, smartwatch, and wireless earbud manufacturing out of China in 2027 amid U.S.-China tensions, Nikkei Asia saysNokiawill close almost all its sites in mainland China by year end, South China Morning Post reports4. MOVERS:Modernagains after its Phase 3 INTerpath-001 trial with MerckEstee Lauderincreases afterand providing guidance for FY27Pilgrim's Pridehigher after JBSproposed toof the companyWhifeFiberfalls after announcing the pricing of itsBlackblazelower after announcing a5. EARNINGS/GUIDANCE:Datavaultand reaffirmed its guidance for FY26Mercury Systems (MRCY) reportedOpera, provided its outlook for Q3, and announced guidance for FY26ZIM Integrated, with EPS and revenue lower year-over-yearFull Truck Alliance, with EPS and revenue beating consensusINDEXES:Near midday, the Dow was up 167.83, or 0.31%, to 53,511.23, the Nasdaq was up 78.81, or 0.30%, to 26,368.52, and the S&P 500 was up 31.51, or 0.41%, to 7,723.27.

Super Micro and Others See Notable Stock Gains

Notable gainers among liquid option names this morning include Super Micro (SMCI) $36.28 +4.68, Ciena (CIEN) $428.63 +41.11, Seagate (STX) $888.12 +67.61, Sandisk Corporation (SNDK) $1366.65 +95.60, and Lumentum (LITE) $879.15 +58.56.

e& UAE Deploys Ciena Optical Solutions to Enhance Network Capacity

e& UAE, the telecom arm of e&, is deploying Ciena's optical and software solutions to build a future-ready, high-capacity Dense Wavelength Division Multiplexing, DWDM, network capable of handling surging traffic demands. This network enhancement will enable e& UAE to power the next wave of digital growth with greater scalability, ultra-high-capacity, and the foundation needed for the demands of the advanced digital services.