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Los Angelas, CA -- (SBWIRE) -- 11/07/2012 -- Ciena Corporation (NASDAQ:CIEN) is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic. Ciena Corporation (NASDAQ:CIEN) declined after investors tempered down their enthusiasm for its growth-driver product, 100G. Ciena also reported quarterly results that missed estimates by $0.02 per share. Ciena generated $474.1 million, and lost $0.04 per share.
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JDS Uniphase Corporation (NASDAQ:JDSU) is a provider of communications test and measurement solutions and optical products for telecommunications service providers, wireless operators, cable operators, and network equipment manufacturers. JDS Uniphase (NASDAQ:JDSU) also missed expectations. JDS earned $0.15 per share, but generated revenue of $420.9 million, $7 million below consensus.
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VirnetX Holding Corporation (NYSE:VHC) is engaged in the business of commercializing a portfolio of patents. The Company develops software and technology solutions for securing real-time communications over the Internet. VirnetX Holding Corp (NYSE:VHC) 29% HIGHER; announced that on November 6, 2012, a Jury in the United States Court for the Eastern District of Texas, Tyler Division, has awarded VirnetX over $368,000,000 in a verdict against Apple for infringing four VirnetX patents.
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HMS Holdings Corp. (NASDAQ:HMSY) shares jumped 5.34% and closed at $22.50. The company announced that its Board has authorized the repurchase of up to $50.0 million of the company’s common stock from time to time on the open market or in privately negotiated transactions, for a period of up to two years. The repurchase program will be funded using the company’s cash balances. As of September 30, 2012, the company had cash, cash equivalents and temporary investments of approximately $127.0 million.
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