Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 243.79

+2.3%

Jan 15 4:00 PM EST

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To: Bruce Brown who wrote (11135)	6/19/2001 2:41:21 PM
From: chojiro	Read Replies (2) of 12623

Bruce. Do you think those numbers will hold up? I see Alex Brown lowered their numbers on CIEN this morning. Perhaps others will follow. Sorry if the below has been posted. I haven't had a chance to read the thread. Optical network equipment maker Ciena (CIEN:Nasdaq - news - commentary) was down 8.4% in late morning trading after Deutsche Banc Alex. Brown cut its estimates on the stock over concerns about the telecom sector. According to published reports, Deutsche Banc lowered 2001 EPS to 71 cents on revenue of $1.7 billion from 73 cents and revenue of $1.74 billion. Thomson Financial/First Call had previously estimated 74 cents. Ciena had traded sharply higher on the Island ECN as part of a preopen sector rally.

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