Benzinga · Mar 6, 2023
Nasdaq Rises 50 Points; Ciena Earnings Top Expectations
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 50 points on Monday. The Dow traded up 0.16% to 33,444.91 while the NASDAQ rose 0.43% to 11,739.11. The S&P 500 also rose, gaining, 0.35% to 4,059.80. Check This Out: This Analyst With 88% Accuracy Rate Sees Over 20% Upside In Marvell Technology - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts Leading and Lagging Sectors Information technology shares rose 1.2% on Monday. Meanwhile, top gainers in the sector included MariaDB plc (NYSE: MRDB), up 18%, and Viasat, Inc. (NASDAQ: VSAT), up 9%. In trading on Monday, materials shares fell by 1.3%. Top Headline Ciena Corp (NYSE: CIEN) reported better-than-expected Q1 financial results. Ciena reported a first-quarter FY23 revenue growth of 25.1% year-on-year to $1.057 billion, beating the consensus of $959.4 million. Non-GAAP EPS of $0.64 beat the consensus of $0.36. Equities Trading UP BridgeBio Pharma, Inc. (NASDAQ: BBIO) shares shot up 56% to $16.92 after the company announced positive data for its phase 2 study of Infigratinib in Achondroplasia. Shares of Azul S.A. (NYSE: AZUL) got a boost, shooting 42% to $5.91 after ...
