Orlando, FL -- (SBWIRE) -- 09/25/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Ciena Corporation (NASDAQ:CIEN), The Wendy's Company (NASDAQ:WEN).
Ciena Corporation (NASDAQ:CIEN) stock increased 1.29% to $25.12. The company, on Sept. 4, announced unaudited financial results for its fiscal third quarter ended July 31, 2013. For the fiscal third quarter 2013, Ciena reported revenue of $538.4 million. On the basis of generally accepted accounting principles (GAAP), Ciena's net loss for the fiscal third quarter 2013 was $(1.2) million, or $(0.01) per common share, which compares to a GAAP net loss of $(29.8) million, or $(0.30) per common share, for the fiscal third quarter 2012.
Additionalyl, Ciena® Corporation (NASDAQ: CIEN), the network specialist, and Retelit Spa, a leading Italian provider of data services and infrastructure, on August 29 announced the deployment of Ciena's converged packet optical solutions to modernize Retelit's network and improve efficiency, latency and scalability. By deploying this high-performance, low-latency network in its backbone and throughout metropolitan locations, Retelit can offer a range of new services and support key applications like high-frequency trading, e-healthcare and replication of real-time data.
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The Wendy's Company (NASDAQ:WEN) shares jumped 0.91% to $8.34. The company on Sept. 18 announced that Margaret R. Nollen ("Meg") has been named to the new position of Senior Vice President, Investor Relations and Strategy, effective immediately.
Additionally, WEN’s stock was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a note issued to investors on Sept. 12. The firm currently has a $10.00 price target on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of WEN in a research note to investors on August 16. They now have a $9.25 price target on the stock.
Is WEN going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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