Just listened to conference call. Sounds good to me. Very surprised they were as bullish on China based on what hey have seen over last 4-6 weeks. If China starts spending next year on 100G this has a ways to run
Hedgies selling because either taking losses or blowing up. I cannot believe we don;t see over $25 in next 12 months. Telecoms will have to upgrade or be left behind. Even NY State is telling Time Warner they need to upgrade rural networks if they want to merge with CHTR.
Yesterday's collapse just shows who owns this stock...hedge funds who are driven by short term results. Report issued yesterday by broker places buy rating and $12 target but cuts numbers 2nd half of this year and pushes numbers into 2016. Hedgies can't wait 6-12 months because they get paid based on end of year performance so they dump stock. It's the reality of today's market. By the way, brokers premise confirmed today when China Mobil signs $6B deal to upgrade Hubei province between 2016-20. I expect if you hang on for 6-12 months you will be rewarded.
Agree 100%. This will end up in a lawsuit. I'm a little surprised it's not trading above the offer as Juniper's offer still pending. Only explanation that makes sense is that Kelley and his cronies were given jobs in NewCo.