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Ciena Corporation Message Board

  • smilin_clyde smilin_clyde Mar 14, 2013 10:35 AM Flag

    FBR Capital: 'Significant amount of Sprint's backbone upgrade remains unrecognized'

    Reiterate outperform, raise price target from $18 to $20
    3/7/2013:
    "While the 2Q13 guidance was below our lofty estimates, it safely bracketed consensus estimates, leaving room for another beat-and-raise performance for Q2. Management reported orders were strong and ramping, in-process inventory growing, North American carrier capex is strengthening, and backlog remained elevated- - all strong signals that an upgrade cycle has arrived."

    Sentiment: Strong Buy

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