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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?


To: MarkC who wrote (9762)11/1/2000 8:32:48 PM
From: MarkC  Read Replies (2) | Respond to of 12623
 
Interesting options action today

When CIEN was trading at 92 this past Monday, I purchased the April 105 calls for $19.5. They were up a little yesterday to 27 and today to 30.5.

The interesting thing about todays rise is that the price rose at the end of the day when CIEN's price was declining a bit.

CIEN trade up to 107 and change in the AM.

Anybody have a take on this?

Mark



To: MarkC who wrote (9762)11/2/2000 12:04:35 PM
From: MarkC  Read Replies (1) | Respond to of 12623
 
A Confirmation!!!

Text taken directly from the email I sent Ciena IR.

Dear Mark,

Sorry that I did not have a chance to respond earlier. Per our conversation
that we had on Monday, Consensus estimates for our fourth quarter and
year-end are $0.25 and $277 Million. Please let me know if you have any
other questions!

Sincerely,
Genevieve Polk

____________________________________________________________

Can you break Q4 and Y/E out separately?

Is .25 for Q4 or the entire year?

What is guidance for Q4?

Revs of 277MM I believe are for the entire year.

Thanks,

Mark
____________________________________________________________

Hey Mark,

Sure, I can break that down for you!
Consenus numbers are as follows:
Q4'00 Rev. $277 Million, EPS $0.25

Fiscal Year '00: Rev $848.2 Million, EPS $0.62

Let me know if you need anything else!

Genevieve

[GPolk@ciena.com]