Ciena (CIEN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ciena (CIEN)

CIEN 201.46

+2.9%

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Woody_Nickels	11/19/2008 10:24:46 PM
	of 12623

Now They Tell Me! :o Piper Jaffray Maintains a 'Neutral' Rating on Ciena (CIEN), Lowers Price Target and Estimates More News related to CIEN * Piper Jaffray Maintains a 'Neutral' Rating on Ciena (CIEN), Lowers Price Target and Estimates * Ciena Enhances Network Flexibility and Efficiency at Northwestern University * Morning Movers 11/03: VeraSun (VSE) Sinks On Bankrupcty; Goodyear (GT) and Oshkosh (OSK) Up On Results * Merrill Lynch Downgrades Ciena (CIEN) to Underweight * Ciena Solutions Gain Continued Momentum with Healthcare Institutions November 19, 2008 9:04 AM EST Piper Jaffray & Co. maintains a Neutral on Ciena Corporation (Nasdaq: CIEN), but lowers revenue, EPS and price target (from $14 to $6) Piper analyst says, "During Ciena's July quarter earnings call, management communicated that the current weakness would be short-term in nature and implied roughly 2 quarters in duration. We believe market conditions have deteriorated since Ciena's last earnings call and we anticipate more delays and ongoing reductions in carrier capex spending...We believe the consensus estimates for FY 2009 are aggressive and anticipate significant downward revisions once the company reports October quarter results in mid-December. We are lowering our FY 2009 revenue estimate to $830M with a corresponding EPS of $0.26. This equates to a 10% revenue decline and operating margins of 2.2% and compares to the consensus revenue estimate of $878M and EPS of $0.67." Ciena Corporation is a supplier of communications networking equipment, software and services that support the delivery and transport of voice, video and data services. ref: streetinsider.com Woody

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next