Ciena (CIEN +1.7%) catches a bid following positive commentary in the wake of its recent investor day. Nomura (Buy) expects Ciena's strong revenue growth and relatively fixed operating expenses to drive margin expansion, while Needham (Buy) notes Ciena remains confident about its outlook in spite of macro concerns due to the strong uptake for its 100G optical transmission gear.
GenMark Diagnostics (GNMK) +6.6% after it raises its Q2 revenue guidance to $3.2M-$3.6M and says it expects to exceed $15M in the full year vs. a prior prediction of $10M. That's above consensus of $2.4M for Q2 and $12M for the year.
Textron (TXT +3.1%) signs an agreement with NetJets for delivery of up to 150 of TXT's Citation Latitude business jets, with initial deliveries beginning in 2016. The confirmation comes after NetJets announced plans to buy up to 425 aircraft from TXT's Cessna division and Bombardier worth up to $9.6B, the largest-ever purchase of private planes
GenMark Diagnostics (GNMK) +6.6% after it raises its Q2 revenue guidance to $3.2M-$3.6M and says it expects to exceed $15M in the full year vs. a prior prediction of $10M. That's above consensus of $2.4M for Q2 and $12M for the year.
Textron (TXT +3.1%) signs an agreement with NetJets for delivery of up to 150 of TXT's Citation Latitude business jets, with initial deliveries beginning in 2016. The confirmation comes after NetJets announced plans to buy up to 425 aircraft from TXT's Cessna division and Bombardier worth up to $9.6B, the largest-ever purchase of private planes
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