Ciena surged on Friday and broke falling wedge resistance with good volume. This means there is more upside. I think this is quite likely. The decline over the last few days occurred on lower volume and the stock is firming around 6.85. The technical chart shows the stock is now back to uptrend and with K line above D line and RSI above 50 we may see more upside. The share price is likely to move to the target zone of the 9-9.10 range.
(http://4.bp.blogspot.com/_FFBmO7KOFXo/SXpHtVo6UkI/AAAAAAAAGf0/s8uh-7GSi44/s1600/sc.jpg)