Wednesday’s Stocks to Watch: Ciena, Ulta Salon

Here are a few stocks to keep on your radar:

• Shares of Ciena (NASDAQ:CIEN) fell�12% in early Wednesday trading after the company said fiscal second-quarter revenue and profit missed Wall Street’s estimates and third-quarter revenue also would fail to meet analysts’ expectations.
• Ulta Salon (NASDAQ:ULTA) rose�nearly 9%�after the company beat analysts’ first-quarter profit and revenue estimates and said second-quarter revenue and profit would beat current expectations. RBC Capital subsequently raised its price target on the stock to $60 from $48.
• Oxford Industries (NYSE:OXM)�slipped 0.5%�after the company beat Wall Street’s first-quarter profit expectations late Tuesday.
• Layne Christensen (NASDAQ:LAYN) rose�more than 12%�after the company topped analysts’ first-quarter profit and revenue estimates.