Friday, December 14, 2012

Investopedia: The Street Seems All In On Ciena's Recovery

Optical networking company Ciena (Nasdaq:CIEN) reported sales below expectations and lowered its guidance for the fiscal first quarter ... so of course the stock is up about 2% (as of this writing) after the announcement. That's just part of the weirdness that surrounds providers of carrier equipment these days - while 2012 was a pretty rough year, analysts and investors expect big carriers like AT&T (NYSE:T) and Verizon (NYSE:VZ) to start spending again soon. Although Ciena is difficult to value today because of the uncertainty of the pace of the spending recovery, I still believe this is an interesting stock for aggressive investors thinking a few moves ahead.

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