Tuesday, September 6, 2011

Has Ciena Finally Turned the Corner?

Ciena (CIEN) soared after reporting an EPS beat and non-GAAP profits for the first time in several quarters. CIEN had a impressive mix of improved revenue combined with a reduction in operation expenses. The real question is whether this combination can last in the competitive environment.

Ciena has long been a leading optical and networking equipment provider back to the internet bust in 2000. Since the bust, CIEN has had some good periods, but it has never been able to flourish. The company continues to make lower highs every 4 or so years with peaks around 2004, 2007 and 2011. 



Read the full article on Seeking Alpha. 




Disclosure: Long RVBD. Please review the disclaimer page for more details. 



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