Mold, you are the board chump. Why are you still here?
Tell us again how you made money on these trades even though CIEN never traded anywhere near 18.55 after you shorted, lol!
c'mon, do it already.
There are 3 problems I have with sillycon's post baz:
1) why no mention of his buy last June until now?
2) why on earth did he not average down below $15? He had plenty of time.
3 )when he finally gets his $ back he says he will sell. He likely then will tell us all what a pos Ciena is, when in fact he only has himself to blame for his loss. That is if he is really long.
I doubt he is long. This reeks of a short who pretends he is long. Remember imagine4example?
A comparison from Argus on a technical piece from yesterday:
"The price to sales multiple for the Nasdaq Composite in 2000 was higher than the price to earnings multiple is today. Take Ciena, a high flyer at the time:
CIEN's Price to Sales in 2000 was was over 29 times. Its P/S for 1998-2000 averaged 16.0 and its P/E was 390 times. Ciena' current two year forward P/E is 15.6."
What they didn't state was Ciena's Price/Sales today is 1.0. versus 29.0 in 2000. Just as it was way overvalued then, Its really undervalued here.
* Top line challenges, but better profit and guidance
* Ciena reported 1Q15 revenue of $529 million, down 1% y/y and below Managements guidance. Excluding currency and order deferrals, revenue would have matched guidance.
* Non-GAAP EPS of $0.12 declined by a penny y/y and surprised on the upside versus the $0.03 consensus.
* Ciena reports accelerating momentum with webscale customers and in the metro portion of service provider accounts. Management has scaled back revenue growth to 5%, from prior high single digit guidance based on currency, but reiterated operating margin guidance.
We are reiterating our BUY rating on CIEN to a 12 month target price of $25.
this most recent buy actually raised my cost basis mk.
Isn't hard to believe there were actually guys predicting $12 and $9 for Ciena just 3 months ago?
peruse away mk--I do not need a second alias. You see, I have doubled my money on my Ciena position.
As for my being angry, well- that too is a product of your imagination. Life is good.
Hope you have a good time here today.
"Ciena noted improved Cloud-to-Cloud demand and the emerging metro markets as critical drivers of growth which are accelerating and noted many of the metro wins would be more substantive to FY16 growth. "
Needham raised FY2015 EPS from $0.85 to $0.96 which is still below consensus.
Even added INFN customer Windstream for their next gen metro buildout. Also added Digital Realty as a 6500 customer too, but their 2nd largest customer again this quarter was a Web 2.0 customer. Non Telco revs are now 1/3 of Ciena's total revs as customer base continues to diversify.
since mold just claimed (again) to have made money when he clearly is a shortbaggie, manning up simply isn't an option for him.
Book to bill was 1:1. too.
As for the margins they will be stronger than expected due to the strong dollar lowering OPEX. However the same strong dollar will also negatively impact revs in Q2 by 15 million.
Whats frustrating is that even though Ciena's business is strong, they can never seem to get it all together. For example the lowering of 2015 growth to 5% from 7-9% due to FX hitting revs isn't bullish even though it is easily explained. The positives certainly outweigh the negatives however, and Ciena remains undervalued.
moldy may as well predict teens as he has nothing to lose. He is chumped out on this board due to his chronically bad trades. If he is wrong its no big deal. He will simply fire up a new alias and continue.
Should hit eps/revs this quarter. Guidance will be the key. Next quarter $597 mm consensus implies 7% q/q growth which should be doable. I am a bit concerned about the 20 cent earnings consensus for next quarter though. That 'operating leverage' Smith keeps talking about better kick in. If so, $24 is likely tomorrow, with a move back to the high 20's short term.
1) and your point is?
2) I initially bought in the $7's in late 2008. again your point is?
3) I bought several thousand shares initially. Sold some at $25 + and held the rest. The recent buy raised my cost basis above $10. Try to follow along now..
4) I have some I have owned for over 7 years. Its basically house money when you factor in the profits from selling at $25.
5) It did. Maybe there is hope for you yet!
6) See response #(2)
7) I have no problem moldy. Life is good. I have a wonderful family, am financially secure, and spend most of my time away from this messge board. I also am playing with house money in CIEN.
I hope this helps you in some way.
Sure Dumbo- that was just about when I scooped up my most recent buy 2 months ago at $14.
Its also when you foolishly predicted $10.00, lmao!!
Gross margins are snapping right back to mid 40's this quarter. Longs traded a 1 quarter gross margin blip for 2 YEARS worth of being designed into T's Web 2.0 buildout. Too bad your little also-ran INFN won't see a nickel of this. Get used to it. VZ isn't going to mess with INFN's inferior technology either.
Also, why not bring back the imagine4example id already? We longs miss his bedtime stories!
Helping what mold?
You see, my recent buy at $14.81 actually raised my coat basis to a little over $10 a share.
You seem to be celebrating your 40 cent profit- which is funny- because over the last 2 days since you were short CIEN the market has declined over 300 points. As a poster pointed out yesterday, you could have shorted a mining company (FCX for example down $4 the last 2 days) , drilling stock (they are down as a group 40% since you showed up here in Nov), or other stocks in weak sectors and done infinitely better. Yet you seem to need to be short here. I'm beginning to think that you NEED to be short here for some reason, because most investors would agree that there are many, many places where there is lower hanging fruit.
If you happen to stumble upon our milk carton model Dumbo, say hi for me.