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chmcnfunds

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chmcnfunds

Re: None

Thursday, 08/14/2014 12:57:58 PM

Thursday, August 14, 2014 12:57:58 PM

Post# of 166
Ciena higher on vague M&A rumors

Aug 14 2014, 11:46 ET | About: Ciena Corporation (CIEN)

Ciena (CIEN +1.9%) is catching a bid following vague M&A chatter. The gains come even though Cisco just reported an 11% Y/Y drop in service provider orders for the July quarter, and stated it expects carrier demand to remain soft for several quarters.Ciena fell yesterday in response to JDS Uniphase's weak guidance and cautious CC commentary. Its FQ3 report is due on Sep. 4.
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