Jun 6, 2013

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NASDAQ Top Gainers: Ciena Corporation (NASDAQ:CIEN), Sodastream International Ltd (NASDAQ:SODA)

NASDAQ Top Gainers: Ciena Corporation (NASDAQ:CIEN), Sodastream International Ltd (NASDAQ:SODA)

Ciena Corporation (NASDAQ:CIEN) shares are moving up in the current trading session, after the communications-network equipment maker announced its sales outlook for the third quarter, which topped analysts’ forecast. Shares jumped 12.75 percent, to $18.39, today.

The company said that it is anticipating third quarter revenue in the range of $515 million to $545 million. On the other side, analysts are expecting the company to post revenue of $509.4 million. Ciena is taking advantage from growing demand for fiber-optic networking gear that accelerates communications by sending data through light.

Sodastream International Ltd (NASDAQ:SODA) shares have jumped 4.91 percent, to $72.75, in the current trading session. According to some reports, PepsiCo Inc. is reportedly in discussions to acquire SodaStream in a deal valued at $2 billion.

However, PepsiCo denied these reports that it is in talks to buy SodaStream.  A Senior Vice President at PepsiCo, Jim Wilkinson, said that the rumor is completely false. Separately, Chief Executive Officer, Indra Nooyi, said in an interview today that she is hearing about the talks for the first time. Despite this denial, Sodastream shares are advancing in the mid-day trading session today.

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