Lets see. on 3/5 it closed at $25.36.
Its now $24.05. That's a whopping drop of 5%.
Not only does that make you a dumbo, but a pantywetter to boot! lol!
Are we at $22 yet?
Had you bothered to listen to the call yesterday you wouldn't have posted "Burned 53 million in cash" .
You would have realized that they built inventory for customers and it went to working capital.
But then again, sounding foolish is what you are about.
Why else would she post things like "analyst says CIEN going down to $16 area", or
" I watched CNBC today and 2 analysts said sell", or
"Ciena lost $300 million AT&T contracts"?
Her staggering idiocy aside, an example should be made of her imo.
Just like you were hoping CIEN would go to $5.00 in 2010? How'd that work out for you? LMAO!!
Also, you state "Coredirector is still the only product that keeps the light on" for Ciena? Here's what actually happened in Q1:
"Within Converged Packet Optical, OTN switching revenue more than doubled year over year; and OTN switching revenue on the 5400 was higher than the revenue contribution across the entire installed base of Coredirector switches."
Please think before you post going forward.
*Strong top-line drives margins.
*Despite the trading activity around the 1Q14 report and 2Q14 guidance, Ciena is growing revenue at double digit rates organically while expanding margins on mix and volume leverage.
* Ciena reports increasing interest in 100 gig buildouts for metro portions of the network, supplementing its leading position in 100 gig optical core.
* CFO Jim Moylan reiterated that non-GAAP operating margins for FY14 will come in toward the low end of managements 7-10% long term guidance range, supporting at least 50% growth in adjusted EPS for FY14.
Look who's back, lol!!!
Dumbo, why would the board believe a fairy tale like "INFN is eating their lunch" from someone who writes that "There transport Business...".
Besides INFN is to Ciena what AMD is to Intel....a 2nd option with an inferior product.
And save the word "elegant" for the next time you decide to put on that dress and step out.
market can be irrational--for the short term. Especially when the note holders are dug in. Long term--the Ciena story just keeps getting better. The Ericsson deal will begin to add to results by year end. This is simply a buying opportunity.
in next 4 quarters. Momentum continues to build, and when revenue recognition kicks in--look out!
While the GAAP crowd worries about stuff like goodwill amortization, those in the know will continue to take their money.
Hope you are right, but with OpEx up 11mm and gross margin slightly down, $0.19 could be a reach.
But that is something that only a short term trader need worry about.
There is a huge revenue ramp coming- and with it, operating leverage.
"the guidance was really bad"
Q2 revs guidance was $540-570 mm. Consensus was $561. in line.
Gross margins lower 40's. last 2 qtrs. were 40.8% and 43.4%. in line.
Opex is expected to rise to $210mm from $199mm. That means it is unlikely for consensus EPS of $0.19 to be met.
Now please elaborate and tell us how that is "really bad." Feel free to throw in some GAAP tidbits if you like.
and don't forget to mention the HUGE debt load.
Not to mention their 100 gig metro ramp is just getting started--AT&T ramp just beginning. Signed 21 new 100 gig customers.
the tepid response is the result of the convertible note holders keeping this below $26.51--the price where Ciena has the option to convert the notes into shares. The quarter was solid, the guidance so-so. Q2 revs guidance in line--EPS looks to be a little short. The stock only fills the gap to $25.38 if the market rolls over imo.
agreed. Thanks for pointing out the convertible holders position. The notes are converted to shares at Ciena's discretion if VWAP is than $26.51 for 20 consecutive trading days. A good earnings release with guidance will likely do the trick. Then we will get to hear babble about "dilution" instead of "huge debt load" from our bash'tard friends. Can't wait.
"Ciena appears better positioned than any other peer in optical and the company has been taking market share. The Ericsson agreement should further this trend."
"While the deal has many long-term implications, in the intermediate term Ericsson will become a reseller of Ciena's packet optical and OTN solutions. Given the breadth of Ericsson's customer base, the agreement brings Ciena before a truly global set of service providers."
Bet they have to raise the price target again after earnings.....
good move pimp.
The Ericcson news just confirms what Smith has been saying for months. Carriers NEED Ciena's product.
anyone seen little hilde?
Ciena goes from $21.40 to $26 as he spews misinformation and poof......
he's gone. So much for the "teens" call, lol.
He's probably got his replacement id ready, with earnings just a couple weeks away. it won't matter. His idiocy gives him away.