They lose money each quarter, like JDSU, LU and other techs. But, their balance sheet looks good and their revenues have increased each quarter for the last four quarters. I bought this stock about a month ago and am hoping for a rebound
And as I said yesterday, Ciena may receive extra business as a result of Katrina.
I talked with investor relations yesterday and was told it has customers in the area affected by Katrina. Ciena does supply infrastructure there but it is too early to tell what kind of [financially positive] impact [the rebuilding] may have on Ciena (basically talking about new Ciena product which may be sold to replace its customers' damaged or destroyed products).