Digital Asset Deployment
Search documents
Crude Oil Down 2%; Ciena Posts Upbeat Earnings - Black Titan (NASDAQ:BTTC), Ciena (NYSE:CIEN)
Benzinga· 2025-12-11 17:27
Market Overview - U.S. stocks showed mixed performance with the Dow rising 1.34% to 48,703.91, while the Nasdaq fell 0.57% to 23,519.07 and the S&P 500 gained 0.01% to 6,886.94 [1] - In commodity markets, oil decreased by 2% to $57.27, while gold increased by 2% to $4,310.90, silver rose 5.36% to $64.440, and copper climbed 3% to $5.5125 [5] Company Performance - Ciena Corp reported a 20.3% year-on-year revenue growth to $1.35 billion, exceeding analyst expectations of $1.29 billion, and posted adjusted EPS of 91 cents, surpassing the consensus estimate of 77 cents [2] - Black Titan Corp's shares surged 73% to $5.73 following the launch of its Digital Asset Treasury Plus framework [8] - Diamond Hill Investment Group Inc's shares rose 45% to $170.44 after First Eagle agreed to acquire the company for $175 per share in a $473 million all-cash deal [8] - Planet Labs PBC shares increased by 34% to $17.40 after reporting better-than-expected third-quarter sales and raising FY26 sales guidance [8] - Rezolute Inc's shares plummeted 88% to $1.26 after its Phase 3 study did not meet key endpoints [8] - C3is Inc's shares fell 81% to $0.33 following the announcement of a $9 million offering [8] - Oracle Corp's shares dropped 13% to $194.31 after mixed second-quarter financial results for fiscal 2026 [8] European Market Performance - European shares experienced gains with the eurozone's STOXX 600 rising 0.55%, Spain's IBEX 35 Index up 0.72%, London's FTSE 100 increasing by 0.49%, Germany's DAX 40 rising 0.68%, and France's CAC 40 surging 0.79% [6] Asian Market Performance - Asian markets closed mostly lower, with Japan's Nikkei down 0.90%, Hong Kong's Hang Seng down 0.04%, and China's Shanghai Composite declining 0.70%, while India's BSE Sensex gained 0.51% [9]