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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Dealer who wrote (40303)8/16/2001 9:51:41 AM
From: stockman_scott  Respond to of 65232
 
09:38 ET CIENA Corp (CIEN) 20.30 -7.82: -- Update -- Sources at Salomon Smith Barney telling us the firm just cut its price target on CIEN to $25 from $42.



To: Dealer who wrote (40303)8/16/2001 9:53:19 AM
From: stockman_scott  Respond to of 65232
 
CIEN guidance:

4Q2001: revenue down 12-20 percent from 3Q ($366-$403 million vs. consensus $503 million); gross margins down 300-400 basis points from 3Q; EPS 0.02-0.07 (vs. consensus 0.18).

FY2002: revenue growth in low teens (vs. consensus 53 percent); EPS flat with FY2001 (0.59-0.64 vs. consensus 0.99).

Sources

Conference Call:

biz.yahoo.com

Yahoo! Research:

biz.yahoo.com