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 194.70

+9.2%

Nov 24 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John M. Gelnieau who wrote (4245)	10/10/1998 9:39:00 PM
From: gbh	Read Replies (3) of 12623

John, I think everyone except Jach fully understands what IR told you. IMO, CIEN has completely low balled the quarter. This is not a bad a strategy, and has worked well for other companies recently that have stumbled. Once its clear that the quarter is blown, just forget about even trying to be close to previous estimates, and get all the bad out in one hugely bad quarter. That way it can appear that you have exceeded estimates (even reduced ones). This strategy sometimes works (COMS), and sometimes doesn't (AMD). The fact that analysts are still at .05, when the company is suggesting -.04, tells me that the analysts are starting to catch on to this game, and aren't as willing to buy the company line in such situations. It also would seem to put immense pressure on CIEN if they really come in at -.04 Gary

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next