China stocks slip after growth target released, as Ciena shares pop on earnings beat

Here are some of the most active premarket movers on Monday. U.S. stock futures ES00 pointed to a slow start after a two-day rally.

Ciena CIEN shares jumped 13% after the optical... Here are some of the most active premarket movers on Monday. U.S. stock futures ES00 pointed to a slow start after a two-day rally. Ciena CIEN shares jumped 13% after the optical networking company’s earnings topped Wall Street estimates comfortably. KB Home shares KBH fell 1% after JPMorgan downgraded the builder to underweight, as D.R. Horton DHI also fell 1% on a downgrade to neutral. The same broker upgraded Meritage Homes MTH to overweight, lifting the stock by 1%.

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Ciena stock shoots up nearly 10% after big earnings beat, with strength in networking businessShares of Ciena Corp. shot up 9.6% toward a 6 1/2-month high in premarket trading Monday, after the optical networking company reported fiscal first-quarter...
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