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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: E.J. Neitz Jr who wrote (38593)2/21/2002 9:19:19 AM
From: Kelvin Taylor  Read Replies (2) of 53068
 
Ed, does this effect your opinion on CIEN? buying op on the weakness?

8:23AM CIENA tops estimates; lowers Q2 rev forecast (CIEN) 8.70: Posts a Q1 loss of $0.17 a share, $0.03 better than consensus. Rev declined 54% to $162.56 mln (consensus $159.63 mln). "There continues to be a high level of uncertainty surrounding service providers' near-term spending. In our ongoing conversations with our customers we continue to receive indications of further deployment delays. We recently received information that leads us to believe that two of our historically most important customers may purchase significantly less from us than they had previously indicated. As a result, co now expects Q2 rev in the neighborhood of $110 million (consensus $148.54 mln)

down nearly 10% in pm
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