In this recent article, it indicated that CIEN "steered clear from reaffirming their earnings guidance." Have they recently confirmed (maintained) their guidance in a different forum?
To:chojiro who wrote (11134)
From: mact Friday, Jun 15, 2001 11:06 AM
Respond to of 11140
Does JDS Uniphase's Warning Suggest That Ciena's Earnings May be at Risk? Asks Thomas Kee of Stock Traders Daily
SAN FRANCISCO, Jun 15, 2001 /PRNewswire via COMTEX/ -- Stock Traders Daily, stocktradersdaily.com , has identified a correlation between the JDS Uniphase Corporation (Nasdaq: JDSU chart, msgs) warning and a potential warning from CIENA Corporation (Nasdaq: CIEN chart, msgs).
After speaking with both companies, and with representatives of enterprise class carriers, the end users of each company's product, Stock Traders Daily has determined that the probability of a warning from Ciena appears significant.
"Prior to the recent warning from JDS Uniphase the picture was much brighter for Ciena," says Thomas Kee of Stock Traders Daily. "Now that JDS has warned though, the outlook is much less clear."
Ciena recently held an upbeat conference call at the Supercomm 2001 trade show, but they steered clear from reaffirming their earnings guidance. This is in accordance with company policy, because Ciena prefers not to discuss earnings during the middle of their fiscal quarter, but coupled with the JDS Uniphase warning, many investors are left with unanswered questions and concerns about earnings during the next few quarters. |
