Thursday, June 6, 2013

Investopedia: Ciena And Carrier Spending - They're Baaa-aack

As much as I've thought (and written) that Ciena (Nasdaq:CIEN) was a good way to play the eventual recovery in carrier spending, I couldn't personally get comfortable enough the long-term financial numbers to buy the shares for myself. While that didn't seem so bad over the recent months as the shares lagged the broader market, today's big reaction to second quarter earnings is a little hard to swallow for those of us on the sidelines. The good news, though, is that it really does seem like carrier spending has come back, and with that Ciena shares still look underpriced.

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