Ciena Posts Strong Sales, Joins Gambling.com, Warner Bros. Discovery And Other Big Stocks Moving Higher On Thursday

U.S. stocks were lower, with the Nasdaq Composite falling around 0.2% on Thursday.

Shares of Ciena Corporation CIEN rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter sales results.

Ciena reported a fiscal fourth-quarter 2024 revenue decline of 0.5% year-on-year to $1.124 billion, beating the analyst consensus estimate of $1.104 billion.

Ciena shares jumped 14.8% to $84.11 on Thursday.

Here are some other big stocks recording gains in today's session.

• Jupiter Neurosciences, Inc. JUNS shares jumped 32.4% to $15.23.
• Liquidity Services, Inc. LQDT shares climbed 31.6% to $33.88 after the company reported better-than-expected fourth-quarter financial results.
• Himax Technologies, Inc. HIMX shares gained 25.4% to $8.40.
• Akso Health Group AHG surged 21.4% to $1.0461.
• 3D Systems Corporation DDD gained 19.5% to $4.0288.
• Bitdeer Technologies Group BTDR rose 19.1% to $23.73.
• Gambling.com Group Limited GAMB gained 17.3% to $15.56 after the company announced it entered into a definitive agreement to acquire Odds Holdings.
• Warner Bros. Discovery, Inc. WBD jumped 15.5% to $12.51 after the company announced it authorized a new corporate structure. Also, Guggenheim maintained a Buy rating on the stock and raised its price target from $11 to $12.5.
• Radiopharm Theranostics Limited RADX gained 15.2% to $6.60.
• Hut 8 Corp. HUT gained 11.4% to $29.74 after Jones Trading initiated coverage on the stock with a Buy rating and announced a price target of $36. Also, Cantor Fitzgerald reiterated an Overweight rating.
• Riot Platforms, Inc. RIOT rose 10.2% to $12.97 following a report from The Wall Street Journal indicating activist investor Starboard Value has taken a stake in the company.
• Bloom Energy Corporation BE gained 6.7% to $25.19 after Baird raised its price target on the stock from $15 to $32.

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