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Up nicely (approx. 5%) today with seemingly no news. Earnings next week:
"Dec 12, 2013
Q4 2013 Ciena Corporation Earnings Release - 9:30AM EST"
CIEN
CIENA
BUY
Last Pattern:BULLISH HARAMI
Last Close:21.9400 Change:+0.3400 Percent change+1.57% 6 mo.Rating2?$100?129.7112 mo.Rating$100?109.2124 mo.Rating1?$100?313.91Signal
Update Our system’s recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed the confirmation level which was at 21.6350, and our valid average buying price stands now at 21.6650. The previous SHORT recommendation was issued on 11/14/2013, 12 days ago, when the stock price was 22.1850. Since then CIEN has fallen by -2.34%.
Market Outlook
The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.
_____________________________________
http://americanbulls.com/SignalPage.aspx?lang=en&Ticker=CIEN
CIEN
Ciena, Infinera See Boost in Q3 North America Optical Sales, Say Ovum, Dell’Oro
November 20, 2013, 1:14 P.M. ET
By Tiernan Ray
Fiber-optic networking equipment and component suppliers got a couple of pieces of good news in new market research this morning, essentially concentrated in North America, while the rest of the world proved less rewarding for vendors.
Ovum Research reported that optical networking spending in Q3 was flat with the year-ago period, but that sales in North America showed gains, which was good for Ciena (CIEN), Fujitsu (6702JP), and Infinera (INFN), given their exposure to the region:
All three vendors took advantage of the hot North American market. Fujitsu reported its best quarterly revenues since 1Q08, while Ciena reported its best results since the acquisition of Nortel’s Metro Ethernet Networks business in 1Q10. Infinera moved into the top 10 globally, ousting Coriant.
Some select product categories rose despite the flat result:
Spending for ROADM, 40G and 100G all increased slightly over the prior quarter.Although CPO revenues fell for the first time in a year due to lower spending in Asia-Pacific, annualized CPO spending surpassed US$7bn for the first time.
And Dell’Oro Group announced that “wavelength division multiplexing” (WDM) equipment sales in North America rose 20% in the last three quarters, combined, and that Ciena and Fujitsu dominated the market.
Analyst Jimmy Yu, calling the North American market “strong,” thinks things may cool a bit going forward:
Growth started modestly in the first quarter at five percent, and rose to 25 percent in the third quarter. However, following the strong level of WDM equipment rollout in the first nine months of the year, we do expect equipment sales to be softer in the current fourth quarter as service providers conserve their capital.
Ciena had top spot in North American WDM equipment sales, with its sales up 9%. Fujitsu, in second spot, saw a 65% rise in sales. Cisco Systems (CSCO) was third, and saw a mere 1% sales rise. Infinera, in fourth place, saw a 22% rise in sales.
Shares of Ciena are up 25 cents, or 1%, at $22.33, while shares of Infinera are up 2 cents at $8.75.
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http://blogs.barrons.com/techtraderdaily/2013/11/20/ciena-infinera-see-boost-in-north-america-optical-sales-say-ovum-delloro/
CIEN
Huawei, Ciena, and Alcatel-Lucent lead Q3 WDM market
November 19, 2013 | By Sean Buckley
Huawei, Ciena (Nasdaq: CIEN) and Alcatel-Lucent (NYSE: ALU) benefited from a 4 percent year-over-year rise in WDM equipment spending during the third quarter, reports Infonetics Research in its quarterly optical network hardware report.
While Ciena won't release earnings until Dec. 12, Alcatel-Lucent reported in Q3 2013 that its WDM portfolio revenues grew 10 percent due to deployments by carriers in the Americas and Asia Pacific.
However compelling the rise in WDM spending was during the quarter was, Andrew Schmitt, principal analyst for optical at Infonetics said it came at a time when "overall optical spending is down on a quarter-over-quarter and year-over-over basis."
Schmitt added that he expects "Tier 1 carriers to dial back spending."
On a global perspective, the overall optical hardware market declined 7 percent sequentially and 1 percent year-over-year.
In EMEA (Europe, the Middle East, and Africa) WDM spending declined on a year-over-year and sequential basis, nearing the record low set in 1Q13.
One shining star was North America, where optical spending rose 13.4 percent year-over-year, following an 11.1 percent year-over-year increase in Q2 due to aggressive 100G optical rollouts by Tier 1 service providers such as Sprint (NYSE: S) and Verizon (NYSE: VZ).
For more:
- see the release
Read more: Huawei, Ciena, and Alcatel-Lucent lead Q3 WDM market - FierceTelecom http://www.fiercetelecom.com/story/huawei-ciena-and-alcatel-lucent-lead-q3-wdm-market/2013-11-19#ixzz2l7zzSlTr
___________________________________________
CIEN
Nice AH boost courtesy of CSCO's good quarterly.
CIEN
Evercore launches coverage on Ciena (CIEN +2.1%) with an Overweight and $20 PT, giving a lift to...
Wednesday, May 15, 11:32 AM ET
Evercore launches coverage on Ciena (CIEN +2.1%) with an Overweight and $20 PT, giving a lift to the telecom equipment maker. The move comes a day after Ciena announced new Ethernet modules for its 6500 Packet-Optical Platform, which combines Ethernet and optical networking capabilities in the same box. The upgrade adds support for Ciena's SAOS operating system, long a staple of Ciena's Ethernet-only gear. Integrated Ethernet/optical products made up 53% of Ciena's FQ1 revenue.
CIEN
New Products from Ciena Enable Operators to Packetize Optical Networks to Manage Surging Demands for Ethernet Services
E-Suite modules bring cohesive and tailored packet capabilities to Ciena’s acclaimed 6500, allowing operators to more efficiently scale their Ethernet service offerings
May 14, 2013 09:00 AM Eastern Daylight Time
HANOVER, Md.--(BUSINESS WIRE)--
Ciena® Corporation (NASDAQ: CIEN), the network specialist, today introduced significant new packet capabilities for its 6500 Packet-Optical Platform. New E-Suite packet modules for the 6500, featuring Ciena’s service aware packet operating system (SAOS), enable a highly scalable, converged packet-optical solution for network operators as they evolve toward simpler and more cost-effective metro networks. The new integrated packet-optical capabilities allow operators to swiftly and cost-effectively manage the surging demand for Ethernet services connectivity – from the network access to the metro core. This can yield substantial savings in reduced equipment costs in addition to significant operational efficiency improvements.
“Putting the Packet in Metro Packet-Optical Transport”
The new capabilities leverage Ciena’s field-proven, full-featured SAOS software, which is already available across the company’s packet networking portfolio and deployed on more than 300,000 platforms worldwide. Combined with Ciena’s widely deployed flagship 6500, Ciena customers can now select from a cohesive portfolio of pure packet networking devices as well as converged packet-optical platforms to tailor their networks to meet specific Ethernet service requirements regardless of their operational paradigm. Additionally, with Ciena’s OneControl Unified Management System, customers can now manage their Ethernet services end-to-end from a single management platform, enabling rapid and efficient service turn-up, monitoring and troubleshooting.
Key Facts:
Ciena’s new E-Suite modules for its 6500 family integrate packet switching and traffic management alongside OTN transport, leveraging the company’s SAOS software, to allow operators to quickly address surging demand for Ethernet services and connectivity. The new E-Suite for 6500 includes both blade-based packet switching modules for small footprint applications and fabric-based packet switching modules for high-bandwidth mesh connectivity.
The purpose-built packet capabilities combine with the 6500’s industry-leading coherent WaveLogic 3 optics for scale up to 400G, the full range of integrated ROADM solutions for dynamic service delivery, and integrated link planning tools for operational efficiencies. This provides a tailored and cohesive Ethernet service offering that can handle growth demands for years to come.
Ciena’s OneControl Unified Management System rounds out the solution by providing end-to-end point-and-click service provisioning for faster service turn-up, end-to-end visibility to ensure Service Level Agreements (SLAs) are met, and the ability to improve troubleshooting in the event of a network outage or alarm.
The new packet networking capabilities align with OPn, Ciena’s approach for building open, programmable next-generation networks that scale and automatically adapt to quickly deliver new services and bandwidth. Ciena-based packet networks can be deployed in conjunction with the company’s V-WAN Network Services Module, a network virtualization solution that automates the allocation of shared network resources among data centers.
Industry Comments:
“The metro packet optical transport market is entering a new phase that focuses much more heavily on the packet side of packet-optical transport, and adds new innovations such as switched OTN and 100G. In this new metro environment, Ciena’s products and technology are clearly resonating well with customers. In our recent Metro Packet-Optical Transport 2.0 survey, Ciena was selected by operators as the global leader in technological superiority and innovation in metro packet-optical transport products.”
Sterling Perrin, senior analyst, Heavy Reading
“With Ciena’s converged packet optical platforms, we can more easily and quickly scale to support large end user capacity demands driven by cloud computing, virtualization, SDN and video streaming. Deploying Ciena’s 6500 with integrated packet switching capabilities will also help to reduce the complexity of integrating and managing a separate Ethernet and optical infrastructure.”
Jason Koenders, senior vice president of engineering and network planning, Integra
Executive Comments
“The industry has been talking about converged packet optical for years, but unfortunately for operators past attempts have been more like duct tape than true convergence. By tightly integrating our widely deployed SAOS packet operating system with our industry-leading 6500, we are equipping operators to quickly turn up and deliver customized Ethernet services without compromise. With a purpose-built network infrastructure that is based on a combination of our packet and optical transport capabilities, operators now have a simpler, more cost-effective and more flexible approach to packet service delivery than an all-IP solution.”
Francois Locoh-Donou, senior vice president, global products group, Ciena
Upcoming Events:
Light Reading Packet-Optical Transport Evolution 2013: Ciena’s Mike Adams, vice president of product and technical marketing, will discuss the industry’s requirements to meet uncompromised packet optical convergence on a panel entitled “Putting the Packet in Metro Packet-Optical Transport” on Tuesday, May 14 at 1:15 p.m. ET.
On May 30 at 11:00 a.m. ET, Ciena will broadcast a live web event to discuss its new Packet-Optical capabilities. The webcast will feature Ciena’s Francois Locoh-Donou, senior vice president, global products group and Mike Adams, vice president of product and technical marketing; along with Stan Hubbard and Sterling Perrin, both senior analysts from Heavy Reading. Jason Koenders, senior vice president of engineering and network planning, from Integra will also join the event. To register, please click here.
Supporting Resources:
Overview: Packetize without Compromise
Survey: Metro Packet-Optical Transport 2.0 Survey by Heavy Reading – March 2013
Data Sheet: 6500 Packet-Optical Platform
Product Overview: Packet Networking Portfolio
Product Overview: OneControl Unified Management System
White Paper: Built for Speed
White Paper: OPn Network Architecture
About Ciena
Ciena is the network specialist. We collaborate with customers worldwide to unlock the strategic potential of their networks and fundamentally change the way they perform and compete. Ciena leverages its deep expertise in packet and optical networking and distributed software automation to deliver solutions in alignment with OPn, its approach for building open next-generation networks. We enable a high-scale, programmable infrastructure that can be controlled and adapted by network-level applications, and provide open interfaces to coordinate computing, storage and network resources in a unified, virtualized environment. We routinely post recent news, financial results and other important announcements and information about Ciena on our website. For more information, visit www.ciena.com.
Note to Ciena Investors
Forward-looking statements. This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to the Company as of the date hereof; and Ciena's actual results could differ materially from those stated or implied, due to risks and uncertainties associated with its business, which include the risk factors disclosed in its Report on Form 10-Q, which Ciena filed with the Securities and Exchange Commission on March 13, 2013. Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Contacts
Ciena Corporation
Press Contact:
Jamie Moody, 214-995-8035
jmoody@ciena.com
or
Investor Contact:
Gregg Lampf, 877-243-6273
ir@ciena.com
____________________________________________________________
http://www.businesswire.com/news/home/20130514005118/en/Products-Ciena-Enable-Operators-Packetize-Optical-Networks
CIEN
Ciena Corporation : Ciena to Showcase Packet Networking and Converged Packet Optical Innovations at CTIA 2013
05/10/2013| 03:33pm
Ciena® Corporation (NASDAQ: CIEN), the network specialist, will showcase its packet and optical networking innovations, in booth #4070 at CTIA 2013™ in Las Vegas, May 21-23. The demonstrations shown in Ciena's booth will feature products from Ciena's packet networking and converged packet optical portfolios that reinforce how wireless operators can cost-effectively evolve their backhaul networks to prepare for the high-bandwidth future, and how wireline operators can implement smart go-to-market strategies and accelerate revenue from wholesale mobile backhaul services.
The mobile backhaul demonstration will include:
High-Capacity Ethernet Cell Site Demarcation: Ciena will showcase the Ethernet service creation, activation and revenue generation capabilities of its built-for-speed packet networking portfolio in a live network setting. Among the featured components will be the 3931 Service Delivery Switch, an environmentally hardened and physically secure 10GE-capable device ideal for installation on cell towers, building exteriors, and other remote settings. Ciena is among the first technology vendors to complete the Metro Ethernet Forum (MEF) Carrier Ethernet 2.0 (CE2.0) certification program and receive certification for its award-winning packet networking platforms.
Cost-effective, Scalable Ethernet Access and Aggregation: Ciena will exhibit its 6500 Packet-Optical Platform, which converges Ethernet, TDM, and WDM capabilities in one platform for cost-effective delivery of emerging and existing services. Highlighted in this demonstration is an integrated high-density Ethernet muxponder that enables network operators to swiftly and cost-effectively manage surging demand for Ethernet service connectivity for mobile backhaul, business services, and other applications. From the network edge to the metro core, this converged packet optical approach yields substantial savings in equipment and operating costs. Cost-effective and deterministic Ethernet protection will be highlighted via G.8032 Ethernet Protection Ring technology support.
Unified Network Management: Ciena will demonstrate its OneControl Unified Management System, which unites the management of Ciena's packet networking solutions, Packet-Optical Switching, and Packet-Optical Transport product portfolios under a single solution. Highlighted in the demonstration will be an executive dashboard offering a customized single-screen view of the most important aspects of the network, and a hierarchical map displaying a real-time, accurate, graphical representation of the deployed network inventory and topology. OneControl provides end-to-end, point-and-click service provisioning for faster mobile backhaul service turn-up, as well as end-to-end service visibility to meet Service Level Agreements (SLAs) and achieve quick troubleshooting in the event of a network outage or alarm.
On Display:
GeoAnalytics: Representatives will be on hand to discuss GeoAnalytics, a new Ciena consulting service that harnesses the power of enterprise databases and analytics to give service providers strategic business insight to help grow their business efficiently and profitably. Working with Ciena's experts, wireless operators can determine where to economically expand their networks, predict optimal small call placements, and answer many other strategic questions. Likewise, wireline providers offering wholesale mobile backhaul services can identify where to profitably expand business services from their fiber-connected macro and small cell locations.
About Ciena
Ciena is the network specialist. We collaborate with customers worldwide to unlock the strategic potential of their networks and fundamentally change the way they perform and compete. Ciena leverages its deep expertise in packet and optical networking and distributed software automation to deliver solutions in alignment with OPn, its approach for building open next-generation networks. We enable a high-scale, programmable infrastructure that can be controlled and adapted by network-level applications, and provide open interfaces to coordinate computing, storage and network resources in a unified, virtualized environment. We routinely post recent news, financial results and other important announcements and information about Ciena on our website. For more information, visit www.ciena.com.
Note to Ciena Investors
Forward-looking statements. This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to the Company as of the date hereof; and Ciena's actual results could differ materially from those stated or implied, due to risks and uncertainties associated with its business, which include the risk factors disclosed in its Report on Form 10-Q, which Ciena filed with the Securities and Exchange Commission on March 13, 2013. Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Press Contacts:
Nicole Anderson
Ciena Corporation
(877) 857 -7377
pr@ciena.com
Investor Contacts:
Gregg Lampf
Ciena Corporation
(877) 243 6273
ir@ciena.com
Jamie Moody
Ciena Corporation
(214) 995-8035
pr@ciena.com
_________________________________________________________
http://www.4-traders.com/CIENA-CORPORATION-8788/news/Ciena-Corporation-Ciena-to-Showcase-Packet-Networking-and-Converged-Packet-Optical-Innovations-at-16840387/
CIEN
Ciena Coverage Initiated at Cowen Securities (CIEN)
Posted by Seth Barnet on May 7th, 2013 // No Comments
Analysts at Cowen Securities initiated coverage on shares of Ciena (NASDAQ: CIEN) in a research report issued to clients and investors on Tuesday, Stock Ratings Network reports. The firm set an "outperform" rating on the stock.
A number of other analysts have also recently weighed in on CIEN. Analysts at Zacks upgraded shares of Ciena from a "neutral" rating to an "outperform" rating in a research note to investors on Thursday, March 28th. They now have a $19.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Ciena from $14.50 to $19.50 in a research note to investors on Tuesday, March 19th. They now have a "hold" rating on the stock. Finally, analysts at Mizuho raised their price target on shares of Ciena from $18.00 to $20.00 in a research note to investors on Friday, March 8th.
One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of "Buy" and an average target price of $19.13.
Shares of Ciena (NASDAQ: CIEN) opened at 15.25 on Tuesday. Ciena has a one year low of $11.45 and a one year high of $18.39. The stock's 50-day moving average is currently $15.99. The company's market cap is $1.548 billion.
Ciena (NASDAQ: CIEN) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.13) by $0.25. The company had revenue of $453.10 million for the quarter, compared to the consensus estimate of $448.27 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. The company's revenue for the quarter was up 8.7% on a year-over-year basis. Analysts expect that Ciena will post $0.43 EPS for the current fiscal year.
Ciena Corporation (NASDAQ: CIEN) is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic.
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http://utahpeoplespost.com/2013/05/ciena-coverage-initiated-at-cowen-securities-cien/
CIEN
Dow Jones reports started as OUTPERFORM by Cowen.
CIEN
5 Names Seeing Bullish Options Flow
By Jill Malandrino05/02/13 - 12:00 PM EDT
TheStreet Premium Service
The market has returned to an area of new all time highs (or close!) and option volume has been relatively strong this week after a few quiet days last Thursday and Friday (when all the movers and shakers were at the Options Industry Conference in Las Vegas). While we've seen a few large protective positions put on in ETFs and broad indexes, my feeling is that these represent some intelligent hedging of early 2013 portfolio gains. A number of names saw notable bullish flow yesterday in the form of opening upside call buying, suggesting a view that whether or not the liquidity-fueled market ascent continues, these stocks may have upside room in the near term.
Ciena (CIEN) Early volume Thursday in networking equipment maker CIEN is dominated by May 15 calls, currently 3.8% above spot. Buyer appears t have paid an average price of 36cents for nearly 2000 contracts. Shares at the low end of their YTD range (and about middle of their 52-week range), and today's flow may close an existing short call position.
Mass Broadband Institute Deploys First Segment of State Broadband Network with Ciena
Once completed, stimulus-funded network, MassBroadband 123, will support 1,400 community anchor institutions across central and western Massachusetts
May 01, 2013 09:00 AM Eastern Daylight Time
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation (NASDAQ: CIEN), the network specialist, today announced that the Massachusetts Broadband Institute (MBI) is deploying Ciena’s 6500 Packet-Optical Platform, equipped with WaveLogic Coherent Optical Processors, to provide high-speed, high-capacity 40G connectivity—with the potential to reach 100G speeds— across 120 communities in western and central Massachusetts, as part of a planned state-wide optical network. Funded by a combination of federal and state investment, the new network will provide direct connections to schools, hospitals, libraries and public safety facilities that currently lack reliable, affordable Internet services.
“MassBroadband 123 is a critical component of the Patrick Murray Administration’s strategy to invest in education, innovation and infrastructure in order to create growth and economic opportunity in every corner of the Commonwealth.”
Key Facts:
The new optical network, MassBroadband 123, will provide residents and businesses in Massachusetts with advanced connectivity requirements to close the digital divide and bring new economic opportunities on a converged network. Through a $45.4 million grant from the American Recovery and Reinvestment Act’s Broadband Technology Opportunities Program (BTOP), and $26.2 million from statewide resources, the MassBroadband 123 project, stretching 1,200 miles and over 120 communities, will serve approximately 1,400 public safety entities, community colleges, libraries, medical facilities and town halls.
Along with community anchor institutions, Ciena’s 6500 equipped with coherent optical technology will allow the MBI to provide cost-effective, high-performance optical transport to support commercial entities and competitive last mile service providers throughout underserved areas of the state. The MBI will be able to easily scale capacity and program its network to deliver 40G wavelength services upon completion of the MassBroadband 123 project, with the ability to scale to 100G and higher in the future to satisfy the region’s 330,500 households and 44,000 businesses.
This deployment aligns with OPn, Ciena’s approach for building open, programmable next-generation networks that scale and automatically adapt to quickly deliver new services and bandwidth.
OpenCape, a 350-mile fiber optic network across Southeastern Massachusetts is also using Ciena coherent optical transport and packet networking solutions. Once fully deployed, these networks will combine to deliver robust and reliable service from the New York border to Cape Cod.
Ciena successfully completed an extensive evaluation and field trial period managed by G4S, the project’s systems integrator and Ciena BizConnect partner, before being selected. Axia NGNetworks will be responsible for managing and maintaining the Internet backbone network for the MBI, and will provide fiber extensions to the network in response to market demand.
Executive Comments:
“In order to compete in a global arena, it is imperative that communities have the necessary broadband infrastructure to spur economic development and stimulate new growth—that’s specifically the mission behind MassBroadband 123. By leveraging our coherent optical technology, and our experience providing infrastructure for other statewide networks, MBI will ensure that Massachusetts residents will have access to scalable, reliable, and high-speed network services to support and sustain public services and business for many years to come.”
- Chris Janson, senior industry market manager, public sector at Ciena
“MassBroadband 123 is a critical component of the Patrick Murray Administration’s strategy to invest in education, innovation and infrastructure in order to create growth and economic opportunity in every corner of the Commonwealth.”
- Judith Dumont, director of the Massachusetts Broadband Institute at MassTech
Technology Background:
Ciena’s 100G coherent optical technology is being deployed by a number of independent and regional telecommunications providers in the U.S., including OpenCape, DC-Net, U.S. Unified Community Anchor Network (US UCAN) via Internet2, Utah Education Network, and iFiber, among others.
The pioneer and market leader in coherent technology for optical transmission, Ciena has to date shipped over 20,000 coherent 40G/100G line interfaces to more than 100 customers across the globe, with over 20 million coherent kilometers deployed worldwide.
Ciena’s coherent optical technology, a critical component of the company’s OPn architecture, enables service providers to build open, programmable next-generation networks that scale and automatically adapt to handle the changes created by cloud/data center migration, mobile broadband and the growing demand for high-bandwidth applications and services across the globe.
Supporting Resources:
Data Sheet: 6500 Packet-Optical Platform
Application Note: Coherent Optical Processing for High-Capacity Networks
Video: 100G and Beyond for Research & Education
Video: What is Coherent Optical Networking?
Video: Ciena WaveLogic Coherent Optical Processors
About Ciena
Ciena is the network specialist. We collaborate with customers worldwide to unlock the strategic potential of their networks and fundamentally change the way they perform and compete. Ciena leverages its deep expertise in packet and optical networking and distributed software automation to deliver solutions in alignment with OPn, its approach for building open next-generation networks. We enable a high-scale, programmable infrastructure that can be controlled and adapted by network-level applications, and provide open interfaces to coordinate computing, storage and network resources in a unified, virtualized environment. We routinely post recent news, financial results and other important announcements and information about Ciena on our website. For more information, visit www.ciena.com.
Note to Ciena Investors
Forward-looking statements. This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to the Company as of the date hereof; and Ciena's actual results could differ materially from those stated or implied, due to risks and uncertainties associated with its business, which include the risk factors disclosed in its Report on Form 10-Q, which Ciena filed with the Securities and Exchange Commission on March 13, 2013. Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Contacts
Ciena Corporation
Press Contact:
Jamie Moody, 214-995-8035
jmoody@ciena.com
or
Investor Contact:
Gregg Lampf, 877-243-6273
ir@ciena.com
___________________________________________________________
http://www.businesswire.com/news/home/20130501005825/en/Mass-Broadband-Institute-Deploys-Segment-State-Broadband
CIEN
Tea Leaves Point to Strength at CIENA (CIEN) - MKM Partners
April 29, 2013 11:36 AM EDT Send to a Friend
While investors remain cautious-to-undecided on the Communications Equipment sector, everything is pointing to strength at CIENA (NASDAQ: CIEN), MKM Partners analyst Michael Genovese said Monday. The analyst is upbeat into the company's Q2 earnings which are due in May or early June.
First, the analyst notes that AT&T's revised capex plan increases their confidence it will start a 100G optical network build in 2014. "Our checks tell us that AT&T will likely turn its attention to 100G optical after nationwide LTE coverage is done," the analyst said. "Accelerated LTE coverage gives us more confidence AT&T will begin 100G in earnest in 2014. Ciena is a favorite to be a primary 100G vendor, we think."
In addition, strength at direct competitor Infinera (NASDAQ: INFN) is a positive read for Ciena, the analyst said. "According to our checks, Ciena and Infinera are soundly beating Alcatel-Lucent in the North American terrestrial market and in underseas optical," he said. "We think this is the primary reason ALU performed poorly in these areas in 1Q13."
Lastly, Genovese said Tellabs (NASDAQ: TLAB) and Juniper (NASDAQ: JNPR) results read very well for Ciena's near term Verizon 100G metro business.
The firm maintained a Buy rating and $22 price target on CIENA.
For an analyst ratings summary and ratings history on CIENA click here. For more ratings news on CIENA click here.
Shares of CIENA closed at $14.78 yesterday, with a 52 week range of $11.45-$18.39.
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http://www.streetinsider.com/Analyst+Comments/Tea+Leaves+Point+to+Strength+at+CIENA+(CIEN)+-+MKM+Partners/8285426.html
CIEN
Tuesday, April 23, 7:56 PM Telecom equipment and optical component makers fall in AH trading in response to Juniper's revenue miss and light Q2 guidance, and (in what's arguably the bigger news) AT&T's $2B/year capex budget cuts for 2014 and 2015. CSCO -1.8% AH. CIEN -2.5%. RVBD -1.4%. JDSU -3.4%. FNSR -1.3%. TLAB -1.6%. Many of these companies had surged last November when AT&T set lofty 2014/2015 capex targets. Other names that could fall tomorrow: INFN. FN. OPLK. CALX. ADTN
CIEN
Ciena Corporation : More Than One-Third of European Enterprises Experience Increase in Network Security Threats
04/17/2013| 10:00am US/Eastern
Ciena® Corporation (NASDAQ: CIEN), the network specialist, today announced the results of a Vanson Bourne survey indicating that more than one-third of surveyed European enterprises (36%) have experienced an increase in the frequency of network and data security-related incidents in the last 18 months. These results highlight the increasing need for network operators to deploy a comprehensive security approach that encompasses server security as well as at-rest and in-flight encryption, given that just nearly one-third (36%) of surveyed enterprises deploy in-flight encryption on the WAN links between sites and data centres.
Key Facts:
Germany is leading the way when it comes to in-flight WAN encryption, with about half (49%) of surveyed companies stating that they use in-flight encryption on WAN data link between sites or data centres. In contrast, in the Netherlands and France about a third of enterprises (36 and 33% respectively) have adopted in-flight encryption, and in the UK only about a quarter (24%).
The most affected country by the trend of increased security-related incidents is France, where nearly half (49%) of enterprises have noticed an increase in security threats; followed by Germany (40%), the UK (28%) and the Netherlands (25%). The most affected sector is utilities with over half of companies (54%) having mentioned an increase.
Encryption of corporate devices and data at the application layer are the most popular encryption methods and are deployed by about half of surveyed organisations (53% and 48% respectively). Only one-tenth (11%) of surveyed enterprises do not deploy any encryption method. In contrast, in the public sector a higher proportion (16%) of surveyed organisations have no encryption in place, even though almost one-third (29%) of them have experienced an increase in security threats in the last 18 months.
The Netherlands and Germany are expected to lead the adoption of in-flight encryption in the near future. From the enterprises that are not currently deploying in-flight encryption, circa one-third plan to adopt the method for the first time (36% and 31% respectively). When broken down by sector, transport (40%), finance (33%) and utility organisations (22%) are expected to lead the adoption of in-flight encryption.
Executive Comment:
"Today's technology-intensive environment relies on communications networks to deliver information safely among individuals and organisations. Yet, as technology has become more complex, these survey results show that threats against keeping information safe have also become more frequent, complex and pervasive. A comprehensive security approach should find the right balance between three key elements: server security, at-rest encryption and in-flight encryption. The survey results show that enterprises underestimate the value of in-flight encryption, securing information stored in devices whilst running an unsecured network is a bit like locking all the windows in a house, but leaving the front door open."
- Mervyn Kelly, EMEA marketing director at Ciena
Technology Leadership:
Ciena's encryption solution simplifies the deployment of secure network services for enterprises by combining market-leading optical transport technologies with powerful, standards-based encryption functionality in a single, integrated infrastructure - minimising points for potential network failure and significantly reducing capital and operating expenditures by eliminating the need for standalone encryption-only network elements.
Ciena offers Federal Information Processing Standard (FIPS) certified, networkable encryption solutions for low-latency, highly secure and transparent end-to-end communications to address the security and encryption requirements of its government and enterprise customers. Ciena's encryption solution also features protocol-agnostic encryption that offers flexibility to support a variety of services including Ethernet, SONET and OTN, and is scalable to 40G and 100G networks.
About the Survey:
The research project surveyed 400 senior IT decision makers, including an equal number of participants from the United Kingdom, Germany, France and The Netherlands.
46% of the companies surveyed have more than 3,000 employees, 44% have between 1,000 and 3,000 employees, and 10% between 500 and 1,000.
The online survey was conducted by Vanson Bourne in December 2012.
Supporting Resources:
Application Note: Building an Assured Network
Application Note: Wire-Speed Encryption Solution
Video: Network Encryption Managed Service
About Ciena
Ciena is the network specialist. We collaborate with customers worldwide to unlock the strategic potential of their networks and fundamentally change the way they perform and compete. Ciena leverages its deep expertise in packet and optical networking and distributed software automation to deliver solutions in alignment with OPn, its approach for building open next-generation networks. We enable a high-scale, programmable infrastructure that can be controlled and adapted by network-level applications, and provide open interfaces to coordinate computing, storage and network resources in a unified, virtualized environment. We routinely post recent news, financial results and other important announcements and information about Ciena on our website. For more information, visit www.ciena.com.
Note to Ciena Investors
Forward-looking statements. This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to the Company as of the date hereof; and Ciena's actual results could differ materially from those stated or implied, due to risks and uncertainties associated with its business, which include the risk factors disclosed in its Report on Form 10-Q, which Ciena filed with the Securities and Exchange Commission on March 13, 2013. Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Press Contacts:
Nicole Anderson
Ciena Corporation
(877) 857 -7377
pr@ciena.com
Investor Contacts:
Gregg Lampf
Ciena Corporation
(877) 243 6273
ir@ciena.com
Paula Muezerie
Ciena
+44 20 7012 5640
pmuezeri@ciena.com
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http://www.4-traders.com/CIENA-CORPORATION-8788/news/Ciena-Corporation-More-Than-One-Third-of-European-Enterprises-Experience-Increase-in-Network-Secur-16740241/
CIEN
Ciena Corp: (NASD: CIEN)
$15.22
-0.42 (-2.66%)
Volume 168,350
Apr 17 09:42 AM ET
ZACKS RANK: 1-STRONG BUY
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http://www.zacks.com/stock/quote/CIEN
Ciena (CIEN) Posts Surprise 1Q Profit As Revenue Grows, Margins Jump
(By Balachander)
Ciena Corp. (NASDAQ: CIEN : 14.94, 0.02) posted an unexpected quarterly profit as the provider of networking services benefited from revenue growth and jump in margins.
On a non-GAAP basis, net income was $12.3 million or 12 cents a share for the first quarter, compared with a loss of $16.5 million or 17 cents a share in the year-ago quarter. Wall Street analysts, on average, expected CIEN to lose 14 cents a share.
On a GAAP basis, loss per share narrowed to 47 cents from 49 cents, while net loss remained at $47 million.
Revenue rose 9 percent to $453 million, versus consensus estimate of a growth of 7.80 percent. Sequentially, top-line witnessed a 2.7 percent drop.
Hanover, Maryland-based Ciena makes fiber-optic switches and sells optical transport systems for metro and enterprise wide-area networks, as well as broadband access products that help delivering Internet protocol (IP) services, such as VoIP, IP video, and DSL.
Ciena, which competes with Cisco Systems Inc. (NASDAQ: CSCO : 21.68, 0.48), Alcatel-Lucent (NYSE: ALU : 1.43, -0.02) and Ericsson serves customers in telecommunications, cable companies, and government entities.
Segment wise, revenue from the company's coverged packet-optical unit jumped 19 percent on a year-over-year basis. Packet Networking revenue more than doubled, while Optical Transport revenue dropped 46.5 percent.
Adjusted gross margin expanded to 44.6 percent from 41.9 percent in the prior year quarter. In the fourth quarter, adjusted gross margin was 42.7 percent. GAAP gross margin also improved to 43.2 percent from the year-ago period and sequentially.
Looking ahead for the second quarter, CIEN sees revenue between $465 and $495 million, while analysts estimate of $482 million. It expects adjusted gross margin in the range of low 40s.
The stock, which has been trading in the 52-week range of $11.44 to $18.39, closed at $14.94 on Wednesday.
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http://www.istockanalyst.com/finance/story/6333554/ciena-cien-posts-surprise-1q-profit-as-revenue-grows-margins-jump
CIEN
Ciena Reports Fiscal First Quarter 2013 Financial Results
Increases revenue 9% year-over-year; Achieves 6% as-adjusted operating profit
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation (NASDAQ: CIEN), the network specialist, today announced unaudited financial results for its fiscal first quarter ended January 31, 2013.
“We have positioned Ciena to take advantage of the underlying market dynamics, which are increasingly aligned with our strategy and competitive strengths.”
For the fiscal first quarter 2013, Ciena reported revenue of $453.1 million.
On the basis of generally accepted accounting principles (GAAP), Ciena's net loss for the fiscal first quarter 2013 was $(47.3) million, or $(0.47) per common share, which compares to a GAAP net loss of $(47.7) million, or $(0.49) per common share, for the fiscal first quarter 2012.
Ciena's adjusted (non-GAAP) net income for the fiscal first quarter 2013 was $12.3 million, or $0.12 per common share, which compares to an adjusted (non-GAAP) net loss of $(16.5) million, or $(0.17) per common share, for the fiscal first quarter 2012.
“Our strong first quarter performance reflects a solid start to our fiscal year,” said Gary Smith, president and CEO of (Ciena. “We have positioned Ciena to take advantage of the underlying market dynamics, which are increasclickingly aligned with our strategy and competitive strengths. We believe the combination of our technology and market share leadership as well as our strategic customer relationships will enable us to continue growing faster than the market.”
(click for details)
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http://www.businesswire.com/news/home/20130307005229/en/Ciena-Reports-Fiscal-Quarter-2013-Financial-Results
CIEN
4 Technology Stocks With Bullish Short Trends
Feb 26 2013, 09:04
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
When considering stocks, it's always helpful to gauge what the rest of the market thinks. One source of sentiment is the number of shares shorted. Companies seeing significant increases in shares shorted are being viewed more negatively, and vice-versa.
We ran a screen on the technology sector for stocks seeing the most significant decreases in shares shorted month-over-month. This indicates that short sellers are becoming less bearish on these stocks.
Why the optimism? To find at least one possible fundamental signal for the bullish sentiment we looked through financials of the 15 companies in our universe for those with strong sales trends, comparing growth in revenue to growth in accounts receivable. Since accounts receivable is the portion of revenue not yet received, and there is no guarantee the money will ever be received, the smaller the portion of revenue made up of receivables, the healthier the company's revenue.
We screened for stocks seeing faster growth in revenue than accounts receivable year-over-year, as well as accounts receivable comprising a smaller portion of current assets over the same time period.
Do you think short sellers are betting on improving top-line growth?
The List
Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.
(click below for chart)
Use this list as a starting point for your own analysis.
(other stock info deleted)
3. CIENA Corp. (CIEN): Provides communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic.
Market cap at $1.55B, most recent closing price at $15.62.
Shares shorted have decreased from 18.68M to 17.28M over the last month, a decrease which represents about 1.64% of the company's float of 85.44M shares. Days to cover ratio at 4.8 days.
Revenue grew by 2.21% during the most recent quarter ($465.53M vs. $455.45M y/y). Accounts receivable grew by -16.42% during the same time period ($354.19M vs. $423.76M y/y). Receivables, as a percentage of current assets, decreased from 31.79% to 25.02% during the most recent quarter (comparing 3 months ending 2012-10-31 to 3 months ending 2011-10-31).
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http://seekingalpha.com/article/1224161-4-technology-stocks-with-bullish-short-trends
CIEN
CIEN – Ciena Corp. – Bullish options on Ciena Corp. are changing hands at a clip this morning, with shares in the communications equipment provider up 6.5% on the session to stand at $15.55 as of 11:15 a.m. ET in New York trading. Ciena’s shares are rising in sympathy with JDS Uniphase Corp, after better-than-expected second-quarter earnings released from the company after the close on Wednesday sent its shares up more than 18% today. Ciena reports first-quarter earnings in March, and some traders appear to be establishing bullish bets on the stock to position for shares to extend gains. Upside call buyers looked to the Mar. $16 and $17 strikes calls, purchasing several hundred contracts at each striking price for average premiums of $0.81 and $0.49 apiece, respectively. Call volume is greatest out at the April $16 strike, where upwards of 10,500 lots changed hands against open interest of 2,961 contracts this morning. The bulk of $16 call options appear to have been purchased for an average premium of $1.12 apiece, thus positioning buyers to profit at expiration should shares in Ciena Corp. rally 10% over the current price of $15.55 to top the average breakeven point at $17.12.
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http://wallstreetpit.com/98664-stock-options-watch-xom-cien-zagg/
CIEN
Bounced off the 200 DMA ($14.70). Hope it continues back on up.
CIEN
Ciena Corporation : Ciena's Leading Packet Networking Platforms Among First to Receive MEF Carrier Ethernet 2.0 Certification
01/30/2013| 09:05am US/Eastern
Service providers can enhance Ethernet service offerings to support metro, national or global coverage for Enterprise and Carriers with speed, agility and assurance, without sacrificing technical differentiation
Ciena® Corporation (NASDAQ: CIEN), the network specialist, today announced that it is among the first technology vendors to complete the Metro Ethernet Forum (MEF) Carrier Ethernet 2.0 (CE2.0) certification program and receive certification for its award-winning packet networking platforms. Combined with the company's built-for-speed packet networking toolsets and attributes, Ciena's CE2.0-certified platforms can be deployed in a multi-vendor network environment and help expand their service footprint and provide innovative service offerings, mobile backhaul, business services and cloud applications The achievement of MEF CE2.0 certification validates that Ciena's packet networking platforms provide customers the ability to build open, programmable next-generation networks that can scale and adapt to deliver new services.
Key Facts:
According to Vertical Systems Group, for the first time this year the share of bandwidth from Carrier Ethernet services exceeded the sum total of all legacy telecoms services across the world, making it the dominant technology in the carrier space. Last year, more than 1.2 billion new Ethernet ports were shipped (400 million wired and 800 million wireless) according to IDC; and Frost & Sullivan, Vertical Systems and Infonetics predict a near $48+ billion services market by 2015.
CE2.0 is the MEF's designation for its second generation of service standards. Already a long-time MEF-certified vendor, Ciena now adds CE2.0 compliance, which brings significant value- added benefits and matches the enterprise users' application performance needs to MEF services with specific SLAs. This will accelerate global deployment and optimization of bandwidth use and costs.
To be among the first recipients of CE2.0 certifications, Ciena passed a comprehensive set of test cases that ensure interoperability in a multi-vendor network environment. CE2.0 certified platforms are well suited to enterprise applications such as datacenter interconnect, datacenter access, transparent LAN, and Internet access. Ciena has been awarded CE2.0 certification for six services each on its 3916 and 3930 Service Delivery Switches, and its 5150 Service Aggregation Switch.
With this certification, Ciena's customers can dramatically reduce the time and costs associated with testing Ciena's packet networking platforms, and substantially reduce the time to negotiate service capabilities. CE2.0 certification of Ciena platforms includes:
Support for six standardized and certified CE2.0 services on each tested platform, which are supported via Ciena's Service Aware Operating System (SAOS)--a common OS available across Ciena's packet networking solutions.
Consistent use of the MEF-standardized User Network Interface (UNI) and External Network to Network Interface (E-NNI) to allow ease of multi-vendor handoff and avoid vendor lock-in.
The new E-Access service type, which allows mid and large-sized operators to expand their footprint for increased global reach. For local operators, this represents an additional revenue opportunity to sell wholesale services within their footprint.
Consistent handling of OAM frames, ensuring that service performance can be monitored and debugged on an end-to-end basis even when multiple operator segments are traversed. Debugging and localizing failures can be accomplished more efficiently without finger pointing between operators.
Standardized multi-QoS handling to ensure that levels of service are handled consistently between operators and class of service markings are respected at operator handoffs.
Executive Comments:
"The achievement of the CE2.0 equipment vendors is a testament to their commitment to outstanding delivery to the Carrier market. MEF CE2.0 standards will enable carriers to choose equipment vendors with greater speed, clarity and certainty."
- Ihab Tarazi, chairman of the board, MEF, vice president of global planning and technology, Verizon
"CE2.0 is important to the future of Carrier Ethernet because it further standardizes how service providers work together, which will assure better interoperability, more effective partnerships and better overall service for customers," said Karen Schmidt, executive director, enterprise product marketing at Comcast Business Services. "Comcast is pleased to see Ciena taking a leadership role in the CE2.0 certification process. This foundational work is moving the industry forward and is critical to helping service providers bring CE2.0 services to the marketplace."
- Karen Schmidt, executive director, enterprise product marketing, Comcast Business Services
"For network operators, the Carrier Ethernet services market is increasingly competitive, and the ability to quickly and easily deploy next-generation technology and turn up new services is critical. By offering 'built for speed' packet networking platforms that are CE2.0 certified, we are giving our service provider customers a standards-based solution that allows them to differentiate and improve the customer experience faster than the competition, as well as the assurance that our technology is pre-tested to perform in their diverse network environments."
- Rick Dodd, senior vice president of global marketing, Ciena
Technology Background:
Rick Dodd, Ciena's senior vice president of Global Marketing spoke on the "Technology and Market Trends for CE2.0" panel at the MEF America's Summit. Ciena is represented on the Board of Directors, as co-chair of Technical Committee, Editor of multiple MEF specifications and via contributions in Marketing and Certification committees.
With more than 300,000 deployed devices, Ciena's packet networking platforms equip providers with greater agility in the entire service life-cycle to address key challenges such as improving service turn-up and change intervals, accelerating problem resolution times and reducing overall customer churn. Ciena's mobile backhaul platforms have been deployed in more than 50 percent of North America's Ethernet-enabled cell towers.
Used by more than 150 carriers, wireless service providers and cable operators worldwide, Ciena's purpose-built packet networking platforms offer the industry's richest set of OAM capabilities. They support a wide range of key industry packet transport protocols, such as G.8032 and MPLS-TP thanks to the virtual switching capability native to Ciena's packet portfolio.
Ciena's packet networking platforms are complemented by the company's Network Transformation Solutions (NTS) and BizConnect partner program that offer a truly consultative approach to Ciena partners along with joint marketing and sales support.
Supporting Resources:
Chalk Talk: CE2.0 Chalk Talk
Blog Post: What the MEF's CE2.0 initiative means for the industry
White Paper: Built for Speed
White Paper: OPn Network Architecture
Product Overview: Packet Networking Portfolio
Product Overview: OneControl Unified Management System
Webinar Series: Packet Networking Webinar Series
Chalk Talk: G.8032 - Ethernet Rings chalk talk
Chalk Talk: MPLS-TP chalk talk
Video: Comcast Metro Ethernet Services, Powered by Ciena
About Ciena
Ciena is the network specialist. We collaborate with customers worldwide to unlock the strategic potential of their networks and fundamentally change the way they perform and compete. Ciena leverages its deep expertise in packet and optical networking and distributed software automation to deliver solutions in alignment with OPn, its approach for building open next-generation networks. We enable a high-scale, programmable infrastructure that can be controlled and adapted by network-level applications, and provide open interfaces to coordinate computing, storage and network resources in a unified, virtualized environment. We routinely post recent news, financial results and other important announcements and information about Ciena on our website. For more information, visit www.ciena.com.
Note to Ciena Investors
Forward-looking statements. This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to the Company as of the date hereof; and Ciena's actual results could differ materially from those stated or implied, due to risks and uncertainties associated with its business, which include the risk factors disclosed in its Report on Form 10-K, which Ciena filed with the Securities and Exchange Commission on December 21, 2012. Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Ciena Corporation
Press Contact:
Jamie Moody, 214-995-8035
jmoody@ciena.com
or
Investor Contact:
Gregg Lampf, 877-243-6273
ir@ciena.com
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http://www.4-traders.com/CIENA-CORPORATION-8788/news/Ciena-Corporation-Ciena-s-Leading-Packet-Networking-Platforms-Among-First-to-Receive-MEF-Carrier-E-15982505/
CIEN
$CIEN taking a huge dump. the fundamentals even suck!
5 Small-Cap Stocks Near Record Highs With Strong EPS Growth History – (CIEN, xxx, xxx, xxx, xxxx)
By: Mark price on Aug 06,2012
EPS growth (earnings per share growth) shows the growth of per-share profit over time. EPS growth rates make it easier for investors to identify stocks that are increasing or decreasing in profitability. For those investors having a short-term growth horizon, EPS growth needs to meet, or surpass, analyst earnings expectations. Missing Wall Street forecast, despite excellent period-to-period growth, can ruin a stock.
In this article, we searched for small cap stocks that maintained high EPS growth (above 25%) in the last 5 years. This growth rate is the mix of annual growth rate of EPS before extraordinary items and discontinued operations over the last 5 years. We then looked for stocks that are ranging between only 10% down than their 52-week highs.
Ciena Corporation (NASDAQ:CIEN) shares appeared 6.04% below their 52-week highs and have shown a high EPS growth of 97.48% in the last 5 years. The stock so far this year has gained +35.04% and is up +2.19% for the last five trades. CIEN provides equipment, software, and service solutions that support the transport, switching, aggregation, and management of voice.
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http://www.pt-news.org/5-small-cap-stocks-near-record-highs-with-strong-eps-growth-history-cien-smbl-bdn-veco-prx/128374/
CIEN
Monday, July 30, 9:34 AM Ciena (CIEN +3%) bounces after receiving an upgrade to Hold from Jefferies' George Notter: he predicts Ciena will deliver a strong July quarter and forward guidance, and expects a stronger focus on profitability over the next 6-12 months. The volatile optical networking hardware vendor (beta of 2.2) has been whipsawed (I, II) lately by industry earnings and capex news.
CIEN
"Verizon calls out next generation routing, 40G / 100G optical networks – Jeffrey sees positive for Juniper (Nasdaq: JNPR) and Ciena (Nasdaq: CIEN)"
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http://www.streetinsider.com/Analyst+Comments/Nomura+Analyst+Sees+JNRP,+CIEN,+ALU+%26+ERIC+Benefiting+From+Verizons+(VZ)+Reiteration+of+FY+Capex/7591166.html
CIEN
CIENA Management Discusses Q2 2012 Results - Earnings Call Transcript
May 31, 2012 | about: CIEN
PresentationQ&AParticipants
CIENA (CIEN) Q2 2012 Earnings Call May 31, 2012 8:30 AM ET
Operator
Good day, everyone, and welcome to the Ciena conference call to report unaudited second quarter 2012 results. This call is being recorded. At this time, for opening remarks and introductions, I would like to turn the call over to Ciena's Vice President of Investor Relations, Mr. Gregg Lampf. Mr. Lampf, please go ahead.
Gregg M. Lampf
Thank you, Allison. Good morning, and welcome to Ciena's Second Quarter 2012 Review. With me today is Gary Smith, CEO and President; Jim Moylan, CFO; and Tom Mock, Senior Vice President, Corporate Communications.
This morning's press release is available on National Business Wire and ciena.com.
In our prepared remarks, Gary will discuss management's view on the quarter, and Jim will offer some color on our Q2 results and provide guidance for Q3. We'll then open the call to questions from sell-side analysts, taking one question per person with follow-ups as time allows.
As a reminder, we'll be hosting our Analyst Day on Monday, June 11, in New York. That event will get underway at 1 p.m., and we look forward to seeing many of you there.
Before turning the call over to Gary, I'll remind you that during this call, we will be making certain forward-looking statements. Such statements are based on current expectations, forecasts and assumptions regarding the company that include risks and uncertainties that could cause actual results to differ materially from the statements discussed today. These statements should be viewed in the context of the risk factors detailed in our most recent 10-Q filing. Our 10-Q is required to be filed with the SEC by June 7, and we expect to file by that date. Ciena assumes no obligation to update the information discussed in this conference call whether as a result of new information, future events or otherwise.
Today's discussion includes certain adjusted or non-GAAP measures of Ciena's results of operations. A detailed reconciliation of these non-GAAP measures to our GAAP results is included in today's press release available on ciena.com.
This call is being recorded and will be available for replay from the Investors section of our website.
Gary?
Gary B. Smith
Thanks, Gregg, and good morning, everyone. With revenue of $478 million and tangible progress against our operating leverage objectives, we are pleased to report an overall strong performance in our second fiscal quarter. Our network specialist strategy, which encompasses a sharp focus on next-generation packet-optical networking, innovative solutions and a differentiated customer engagement model, is being validated across multiple vertical markets. That traction is enabling Ciena to take a position of competitive strength and clear architectural leadership in the marketplace.
In recent weeks, you've seen announcements with customers from the ranks of major Tier 1 service providers, submarine cable operators and public research and education organizations who've chosen Ciena solutions spanning transport, switching and control plane as foundational technologies for their network modernization strategies. We're seeing customers look for some very specific characteristics as they evolve their networks towards application-centric and cloud-based models including the convergence of network layers and functions, open interfaces, network level programmability and proven control plane software for automating that programmable infrastructure.
Demand for these capabilities plays to Ciena's strength as the network specialist. By design, we've developed some of the industry's deepest expertise and deployed the most flexible implementations of these technologies. For example, we recently announced that we've extended our newest-generation control plane, OneConnect, across our transport and switching platforms to create a leading family of converged programmable solutions. This convergence also allows us to address a much broader range of applications from the metro through the submarine domain to drive architectural change in the industry.
That need for change has contributed to growing momentum for our 5400 Family, which is now united by OneConnect with our 6500 platform, forming the critical elements of a new architectural model. These solutions are hybrid platforms for TDM, OTN and packet networking that are fully programmable and automated by common control plane. With 6500 driving 100-Gig into the marketplace and automated OTN switching being adopted by major customers, we believe the 5400 Family is now well positioned for growth.
While we are still in the early stages for this platform in terms of revenue, our order flow has been solid. Again, as a point of reference, after 12 years, our predecessor to 5400, essentially the CoreDirector, has approximately 40 customers. Even at this early stage of adoption, 5400 is already halfway to that mark, which I think speaks to the increased market opportunity for this platform.
Now let me take a moment and talk to the macro and some of the general market dynamics, and clearly the global economy remains uncertain. While not significantly better or worse than we've seen in recent quarters, the macroeconomic environment is still causing some overall market caution. But I would stress that we are seeing increasing opportunities in Latin America, Asia Pacific, the Middle East and especially North America, and this is essentially helping to offset the lingering softness in Europe. And while the macro climate may be affecting overall CapEx spend, we continue to see, as we've said in previous quarters, that customers are shifting a greater percentage of their CapEx towards next-gen solutions and we're seeing that trend with a number of new projects that we're deploying worldwide.
So we are winning new deals, taking share from key competitors and gaining footprint with multiple large customers. As we've said before, early deployments on large new network builds generally have lower average product and related services margins, which was, in fact, the primary contributor to the change in this quarter's gross margin. In fact, I would stress that the overall pricing environment remains largely unchanged. It has been competitive for some time and we certainly expect it to remain so.
In summary, we consider Q2 to be a quarter of solid progress. We are encouraged by our continued success with strategic design wins. Our approach in terms of both technology and engagement is resonating very well with existing customers and prospects, and demand indicators across the business remains strong. On their own, we have industry-leading technologies for scaling, converging and automating next-generation networks. With these technologies now coming together on our flagship platforms, it creates an even stronger competitive advantage for Ciena.
Our strategy continues to gain momentum, and we're starting to distance ourselves from legacy and niche vendors in terms of wins, growth, share and business performance. We also believe we can apply this expertise to meet critical unmet needs in emerging application areas as well. As a result, we expect that we will continue to outpace market growth going forward and to improve operating leverage from the business.
With that, I'll now hand over to Jim to provide some more detail around Q2 financials as well as guidance for Q3.
James E. Moylan
Thanks, Gary. Good morning, everyone. I'll take a few minutes to provide some detail on the results that we published earlier today. As a reminder, I will be speaking only to non-GAAP results. Please refer to this morning's press release on our website for the reconciliations to our GAAP results.
Second quarter revenue of $478 million showed solid growth. In addition to the ongoing strong demand that Gary mentioned, revenue came in higher than previously expected due in part to the recognition of revenue from some of the international solutions-based projects we've mentioned previously. Adjusted gross margin came in lower than expected, just below 40%, due to a couple of factors related to mix.
Large new installations contributed to a lower margin mix within both transport and services due to the initial phases of several deployments. While very encouraging for our long-term revenue and gross margin prospects, these initial deployments not only tend to be chassis-heavy, they also are associated with higher volumes of installation services, which tend to provide a lower margin than our other services offerings. We expect these factors to continue into Q3.
In addition, our switching segment was down somewhat in Q2. We do remain committed to our mid-40s percentage target range for gross margin. And we believe that we can achieve that target over time through a combination of continued convergence, leading to lower product costs and improved functionality, more software-rich solutions coming to market, cost reduction efforts and working our way through the costly early stages of the product introduction cycles for various new platforms.
Adjusted OpEx was lower than expected at $173 million. We are seeing in our results a positive impact from some of the business process transformation projects that are underway. And we also were helped by the fact that some expenses, primarily related to R&D programs and IT optimization projects, did not occur in the quarter as expected. We do remain committed to these projects and we expect them to occur in the second half of the year.
We generated $61 million in cash from operations for the quarter, and free cash flow was over $50 million. This is due, in part, to our ongoing efforts to increase the velocity of our business. DSOs, which were in the mid-80s to the last few quarters, were down to the mid-70s this quarter. That's one tangible example of how we're improving the operating leverage in our business.
Our cash position is up by approximately $35 million as we ended the quarter with $636 million in cash and liquid investments. This cash and liquid investments amount was reduced by a $16 million increase in restricted cash during Q2. This is due to the use of cash to collateralize performance bonds and similar obligations, which are required by customers in certain geographies and applications.
That bring me -- brings me to guidance for the fiscal third quarter of 2012. Absent any significant changes in exchange rates, our guidance is as follows: we expect revenue to be in the range of $455 million to $485 million at approximately 40% gross margin. Adjusted operating expense for Q3 is expected to be in the low to mid-$180s million. With first half adjusted OpEx coming in lower than expected, partly because of the timing of certain expenses, we believe our second half OpEx levels will be somewhat higher than that of the first half. Although we have previously said that we expect OpEx to be roughly flat for the full fiscal year compared to 2011, we now believe it will be slightly lower than 2011 for the full year.
With these strong results in Q2 and the momentum we are seeing across our business, we continue to believe that second half operating results will be stronger than those of the first half.
Finally, here are some metrics for those looking to model earnings per share. With regard to other income expense net in the third quarter, we project an expense of approximately $9.6 million related to the interest on our convertible notes. We expect our tax obligation for Q3 will continue to be related solely to foreign taxes. As for share count, we estimate Q3's basic share count at approximately 100 million total shares. Diluted share count will vary depending upon your assumptions about our profitability.
That concludes our prepared remarks and with that, we will move on to Q&A [Operator Instructions]
Allison, we'll now open the lines for questions.
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http://seekingalpha.com/article/629041-ciena-management-discusses-q2-2012-results-earnings-call-transcript?source=email_rt_article_readmore&ifp=0
CIEN
Thursday, May 31, 9:07 AM More on Ciena's FQ2: The company expects FQ3 revenue of $455M-$485M, in-line with a $471.1M consensus. In spite of revenue increase, FQ2 gross margin fell 170 bps Y/Y to 39.6%. Optical transmission gear made up 2/3 of revenue, whereas optical switches and carrier Ethernet switches each made up less than 7%. With 29% of Ciena's float shorted as of May 15, and shares down sharply in recent weeks, a short squeeze could occur. CIEN +5.2%.
CIEN
~ Monday! $CIEN ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $CIEN ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=CIEN&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=CIEN&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=CIEN
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CIEN#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CIEN+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CIEN
Finviz: http://finviz.com/quote.ashx?t=CIEN
~ BusyStock: http://busystock.com/i.php?s=CIEN&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=CIEN >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Ciena Bullish Signs
Published on Friday, 30 December 2011 04:18
Written by TradersHuddle Staff
New York, December 30th (TradersHuddle.com) - Shares of Ciena Corporation (NASDAQ:CIEN) ended the trading session higher by $0.24 or 2.01% from its previous close. Ciena's price action formed what is considered to be a bullish engulfing candle that could very well signal continuation of trend or reversal on ongoing weakness.
Ciena Corporation (NASDAQ:CIEN) develops and markets communications network platforms. The company offers broadband access, data and optical networking platforms, software tools, and global network services support worldwide telecom and cable/MSO services providers.
Ciena's recent stock range has been formed by a trough where calculated support was defined at $10.30 and by a peak that established the resistance level at $12.28, which could be used by traders planning their trades.
Traders wanting to establish a position in Ciena or traders that are already holding the stock can use the bullish engulfing pattern to their advantage. The pattern provides a defined risk as it shows where the bears were able to push the stock down, before the bulls stepped in.
The bullish engulfing pattern is a leading indicator that provides an alert to the bulls that the trend will continue or that there is an immediate reversal to the short term weakness seen on the stock. Below an Engulfing Bullish Candle Illustration:
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http://www.tradershuddle.com/20111230359044/Candlesticks/ciena-bullish-signs.html
CIEN
Collapse of AT&T deal may benefit equipment makers
Wed Dec 21, 2011 2:03am IST
(Reuters) - The collapse of AT&T's (T.N) deal to buy Deutsche Telekom's (DTEGn.DE) U.S. wireless unit may be welcome news for network equipment makers, as money earmarked for the merger will be freed up for investments.
Both AT&T and T-Mobile USA scaled back spending on coverage and networks in their effort to push through the merger, which would have catapulted AT&T to the No. 1 spot in the U.S. market, ahead of rival Verizon Wireless (VZ.N).
AT&T withdrew its bid on Monday amid powerful regulatory opposition.
"We believe that AT&T -- in recent months -- had significantly dialed back Q4 spending in order to apply leverage in its fight with regulators," Jefferies analyst George Notter said.
Recent checks with equipment makers and vendors suggest AT&T capital spending is expected to pick up strongly in the first quarter and that the company will be fairly aggressive in spending in the first half of 2012, Notter said.
Jeff Kvaal of Barclays Capital said equipment makers close to base station vendors would benefit most because AT&T had halted "spending around September, mostly around mobility."
Vendors with less direct exposure to AT&T's wireless spending -- such as Amdocs (DOX.N), Ciena (CIEN.O), Cisco (CSCO.O), F5 (FFIV.O) and Juniper (JNPR.N) -- will benefit indirectly, he said.
"The largest vendor beneficiaries should be AT&T's incumbent 4G base station vendors, Ericsson (ERICb.ST) and Alcatel-Lucent (ALUA.PA). T-Mobile's 3G suppliers are Alcatel-Lucent and Nokia Siemens Networks NOKI.UL," Kvaal said.
Alcatel-Lucent stock jumped 10.6 percent and Juniper Networks gained 9.3 percent in afternoon trading Tuesday. Cisco shares rose 4.1 percent while Ericsson advanced 3.6 percent.
Before AT&T dropped its pursuit of T-Mobile USA, Kvaal said, he had expected slowed spending to continue into 2012.
Morgan Stanley's Ehud Gelblum said that while "a major overhang to spending had been removed," he cautioned that fundamentals could take longer to turn.
He said he was keeping a "cautious" view on the sector in light of potential bad news between now and January earnings season as the macro outlook remains shaky and European carrier spending remains weak.
UBS struck a more pessimistic tone, saying that "while the knee-jerk equipment stock reactions seem to argue AT&T will ramp up capital spending with the merger uncertainty over, we find this outcome hard to believe."
UBS' Nikos Theodosopoulos argued that AT&T's need for more spectrum remained unchanged and that it now has to pay a $3 billion break-up fee and hand over some of its spectrum to T-Mobile.
Additionally, he said T-Mobile USA was unlikely to invest in the build-out of a new network.
"The good news for equipment vendors is (AT&)T/T-Mobile capital spending has already been so constrained, prior to learning the outcome of the potential acquisition, that capital spending is unlikely to get worse from current levels," Theodosopoulos said.
(Reporting By Nicola Leske; editing by John Wallace)
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http://in.reuters.com/article/2011/12/20/att-equipmentmakers-idINDEE7BJ0BV20111220
CIEN
JNPR, ADTN, CIEN Rocket; Morgan Stanley Upbeat
DECEMBER 20, 2011, 12:47 PM ET
By Tiernan Ray
Morgan Stanley communications equipment analyst Ehud Gelblum, who just yesterday warned of tough times for communications equipment makers, today writes that AT&T’s (T) calling off its bid for T-Mobile USA last night removes one of the main reasons he expressed caution yesterday.
“With the T/TMO deal now officially called off, we believe a major overhang to spending is removed and sentiment in the group could quickly turn positive,” writes Gelblum.
“Therefore, all else being equal, we now believe names exposed to AT&T such as Overweight-rated Juniper Networks (JNPR), Adtran (ADTN), and Equal Weight-rated Ciena (CIEN), could rally into earnings as money pours into the sector on the hope that spending resumes sooner than it would have. Note that sector valuations are also approaching 3-year lows.”
Nevertheless, Gelblum sticks with his overall “cautious” view on the industry, writing that the “actual fundamentals” may take longer to turn for networking than does the sentiment in the stocks.
The stocks are really rocketing today, in fact: Ciena is up 95 cents, or 9%, at $11.33; Adtran is up $2.66, or almost 10%, at $30.50; and Juniper is up $1.57, almost 9%, at $19.69.
Even Calix (CALX), which Gelblum cut to Hold yesterday, is today up 33 cents, or almost 6%, at $5.95.
Shares of Cisco Systems (CSCO) are also up, though more modestly, rising 65 cents, or almost 4%, to $18.34.
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http://blogs.barrons.com/techtraderdaily/2011/12/20/jnpr-adtn-cien-rocket-morgan-stanley-upbeat/
CIEN
Ciena (CIEN) Shares Given New $16.00 Price Target by Deutsche Bank (DB) Analysts
Posted by LUSA Staff on Dec 9th, 2011 // No Comments
Equities research analysts at Deutsche Bank (NYSE: DB) lowered their price target on shares of Ciena (NASDAQ: CIEN) from $20.00 to $16.00 in a research issued note to investors on Friday. They currently have a “buy” rating on the company’s shares.
Separately, analysts at Jefferies reiterated an “underperform” rating on shares of Ciena in a research note to investors on Friday. Analysts at JPMorgan Chase & Co. (NYSE: JPM) cut their price target on shares of Ciena to $12.00 in a research note to investors on Friday. Also, analysts at Citigroup (NYSE: C) cut their price target on shares of Ciena to $18.00 in a research note to investors on Friday. They now have a “buy” rating on the stock.
Ciena Corporation is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video, and data traffic. The Company’s optical service delivery and carrier Ethernet service delivery products are used individually, or as part of an integrated solution, in communications networks operated by service providers, cable operators, governments and enterprises worldwide. It is a network specialist targeting the transition of disparate, legacy communications networks to converged, next-generation architectures, able to handle traffic and deliver a mix of high-bandwidth communications services. In March 2010, CIENA Corporation acquired the optical networking and Carrier Ethernet assets of Nortel Networks Corporation’s+ Metro Ethernet Networks (MEN) business.
Shares of Ciena traded up 0.50% during mid-day trading on Friday, hitting $12.09. Ciena has a 52 week low of $9.89 and a 52 week high of $29.24. The stock’s 50-day moving average is $12.66 and its 200-day moving average is $14.78. The company has a market cap of $1.171 billion.
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http://localizedusa.com/2011/12/09/ciena-cien-shares-given-new-16-00-price-target-by-deutsche-bank-db-analysts/
CIEN
Ciena Reports Q4 Earnings, Missing EPS but Beating Revenue (CIEN)
Published on Thu, 12/08/2011 - 08:48
By FNNO Staff in News corner,
Ciena (NASDAQ:CIEN) reported fiscal fourth quarter earnings this morning, posting an EPS of $0.03 that missed projections of $0.07 per share. Revenue rose 9.1% YoY to $455.5 million that beat forecasts of $450.5 million.
Gary Smith, president and CEO of Ciena said, "We continue to deliver on the growth and operating efficiency milestones we laid out early last year, and remain focused on delivering operating leverage from the business. Our strong fourth quarter financial performance included positive cash flow and a second consecutive quarter of as-adjusted operating profit. While macroeconomic uncertainty remains, we are taking market share because customers recognize our differentiation and the strong alignment of our portfolio with their network architecture priorities."
Ciena (NASDAQ:CIEN) has potential upside of 57.3% based on a current price of $11.91 and an average consensus analyst price target of $18.74.
Ciena is currently below its 50-day moving average (MA) of $12.35 and below its 200-day MA of $18.24.
In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has slid 1.19%.
Ciena Corporation develops and markets communications network platforms and software, and offers professional services. The Company's broadband access, data and optical networking platforms, software tools, and global network services support worldwide telecom and cable/MSO services providers, and enterprise and government networks.
By FNNO Staff
publisher@fnno.com
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http://www.fnno.com/story/news-corner/331-ciena-reports-q4-earnings-missing-eps-beating-revenue-cien-news-corner
CIEN
An other earnings preview to ponder:
Quote:
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Ciena Earnings Preview
Published on Wednesday, 07 December 2011 10:48
Written by Christian Paolinetti
New York, December 7th (TradersHuddle.com) - Shares of Ciena Corporation (NASDAQ:CIEN) are trading lower by -1.15% ahead of its quarterly earnings release. Ciena, the communications network platforms provider is expected to release its quarterly results on December 8th.
Wall Street Analysts consensus calls for a profit of $0.07 a share on $450.27 million revenue.
Ciena estimates have a range of $0.19 a share. The high estimate calls for profit of $0.15 a share and the low estimate is calling for a loss of $-0.04 a share, a year ago for the quarter the company reported $-0.18 a share.
Ciena Corporation (NASDAQ:CIEN) develops and markets communications network platforms. The company offers broadband access, data and optical networking platforms, software tools, and global network services support worldwide telecom and cable/MSO services providers.
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http://www.tradershuddle.com/20111207349196/Earnings/ciena-earnings-preview.html
CIEN
Ciena Earnings Preview
By Motley Fool Staff
December 6, 2011
Ciena (Nasdaq: CIEN ) beat estimates by $0.29 last quarter and investors are hoping it can beat them again. The company will unveil its latest earnings on Thursday. Ciena is a provider of communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic.
What analysts say:
Buy, sell, or hold?: Analysts are bullish on this stock with 12 analysts rating it as a buy and only one rating it as a sell. Analysts like Ciena better than competitor Tellabs overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
Revenue forecasts: On average, analysts predict $450.3 million in revenue this quarter. That would represent a rise of 7.8% from the year-ago quarter.
Wall Street earnings expectations: The average analyst estimate is a loss of $0.05 per share. Estimates range from a loss of $0.13 to a profit of $0.02.
What our community says:
CAPS All-Stars are solidly backing the stock with 80.9% awarding it an outperform rating. The community at large agrees with the All-Stars with 85.9% giving it a rating of outperform. Fools have embraced Ciena and haven't been shy with their opinions lately, logging 192 posts in the past 30 days. Ciena's bearish CAPS rating of two out of five stars falls short of the Fool community sentiment.
Management:
The company raised its gross margin by 5.5 percentage points in the last quarter. Revenue rose 11.7% while cost of sales rose 1.9% to $250.4 million from a year earlier.
Now let's look at how efficient management is at running the business. Traditionally, margins represent the efficiency with which companies capture portions of sales dollars. The following table shows gross, operating, and net margins over the past four quarters.
Q3
Q2
Q1
Q4
Quarter Gross Margin
42.5%
39.7%
38.9%
40.3%
Operating Margin
(4.0%)
(13.3%)
(17.1%)
(19.4%)
Net Margin
(7.2%)
(15.0%)
(18.2%)
(19.2%)
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http://www.fool.com/investing/general/2011/12/06/ciena-earnings-preview.aspx
CIEN
Is Ciena on the Rebound?
AUGUST 23, 2011 | Ray Le Maistre | Post a comment
Following a brutal past few months that has seen its share price slump by nearly 60 percent, Ciena Corp. (Nasdaq: CIEN) and its investors can look forward to a less bumpy ride for the remainder of 2011 and through 2012, according to MKM Partners analyst Michael Genovese.
Three months ago, Ciena's share price stood at $25.74, not far off its average for 2011 to that point. The company was continuing to integrate the former Nortel optical and Carrier Ethernet assets it had acquired in 2010, hadn't caused too much concern with its fiscal first-quarter results (announced in early March) and was at the forefront of 100Gbit/s developments. (See Ciena Still Having Some MEN Issues , Ciena Beats NSN to Buy Nortel's MEN and Verizon Readies 100G Launch in US.)
Then came its fiscal second-quarter report in early June that included worse-than-expected revenues and earnings and a warning for the three months to the end of July. (See Ciena Slumps, Reorganizes Team .)
That news and outlook sent Ciena's stock into a free fall from which it has yet to recover. The transport equipment vendor's share price closed Monday at $10.70, down 58.4 percent from three months earlier and valuing the company at just $1 billion.
But there's hope on the horizon, believes Genovese. In a research note issued Tuesday, he writes that Ciena's results for its fiscal third quarter (ended July 31), which the company reports on Sept. 1, should be "surprisingly solid given the macro level worries."
He expects Ciena to report revenues of $445 million -- in the middle of the company's stated range and slightly higher than the $443 million average expected by analysts -- and a non-GAAP loss of 8 cents (in line with the Wall Street consensus).
In addition, Genovese doesn't expect Ciena's fiscal fourth-quarter guidance "to be overly weak," though he believes it "may be a bit softer than the 8% sequential revenue growth" generally expected by analysts. What Genovese doesn't expect, though, is a "JDSU-like miss where the company guides down versus expectations for growth."
What Genovese is expecting, though, is a better market for Ciena in its next financial year, which starts in November. "We continue to forecast strong earnings acceleration in FY12 driven by solid demand for Optical Transport and strong growth in OTN/Optical Switching," with the first six months of calendar 2012 "as the likely strong positive inflection point for core OTN switching at key Tier 1 customers such as AT&T and BT," notes the analyst.
And that should coincide with a number of years of dramatic growth in the packet-optical sector, according to a new market tracker report from Heavy Reading . (See Packet-Optical Switching Market to Grow by 66.5%.)
— Ray Le Maistre, International Managing Editor, Light Reading
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http://www.lightreading.com/document.asp?doc_id=211376&f_src=lightreading_gnews
CIEN
looks like in the next 1 month to 2 this is over 30
Report: Ciena Scores at AT&T
FEBRUARY 12, 2010 | Craig Matsumoto http://www.lightreading.com/document.asp?doc_id=187936&
AT&T Inc. (NYSE: T) appears to have picked Ciena Corp. (Nasdaq: CIEN) as a domain supplier for optical networking, handing Ciena an early payoff to its pending Nortel Networks Ltd. acquisition.
In a note issued Friday afternoon, analyst Simon Leopold of Morgan Keegan & Company Inc. writes that Ciena appears to be AT&T's pick, beating out Alcatel-Lucent (NYSE: ALU), and Nokia Siemens Networks .
Ciena would join Fujitsu Network Communications Inc. , which is believed to hold the other optical domain slot.
AT&T launched the domain supplier idea in September, saying it would pick two vendors to supply each of several key segments. AlcaLu and Ericsson AB (Nasdaq: ERIC) were recently picked as the Long Term Evolution (LTE) suppliers, for example. (See AT&T Unveils Domain Supplier Strategy and AT&T Picks AlcaLu, Ericsson for LTE.)
Ciena's agreement to buy Nortel's Metro Ethernet Networks assets was seen as a way to, among other things, secure one of those domain spots with AT&T. Leopold notes that AT&T has been using Nortel's WDM equipment. (See The Case for Ciena/Nortel.)
A domain supplier spot comes as a mixed blessing, though; in fact, in a January note, Leopold wondered if it might be a "white elephant" for Ciena. The company would be expected to support Nortel's older, installed equipment, and it might not be able to cut some product lines, due to AT&T's interest in them.
On the other hand, being a domain supplier offers a shot at winning more AT&T business, especially as the 100-Gbit/s generation arrives. AT&T has been Ciena's biggest customer, accounting for 20 percent of sales in 2009, Leopold writes.
Leopold also notes that Ciena could probably keep selling CoreDirectors into AT&T even if it wasn't picked as a domain supplier. Ciena would just have to make those sales through another company.
cein 12 mo
Looks like another entry point here at $23.00 area.
Even if it hits $22.50 should bounce off of that.
Another huge bounce from bottom.
There ya go. Bounced just like I thought it would.
Hope someone made some $$$ off that call.
My bet is add before 25.50 area. Today at 26.00 Think about bottom here. We shall see. I think you'd be good long term right here.
Very strange no one is into this company? Been watching them long time now. Great trading stock if you have the $$$ to do it.
They have been growing revenues nicely.
Been loading up slowly...
& nice little pop off CSCO today.
eom.
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