Ciena (CIEN): Soleil also cuts Ciena, to Sell from Hold.
This analyst will be fired over this. Mark my words. There is an unbelievable bandwidth problem going on with the smart phones and now the I-Pad. Ciena is in the sweet spot of this. I'm actually looking for them to get bought given there not only strategic positioning but there cash on balance sheet. By By Soilil analyst. $17.44 mark it. It will be $40+ by year end.
Posted by invester on :
Bounced at $17.50 now $18.11. I see this at $25 before it retraces.
Posted by invester on :
Then $30+ Bye Bye analyst.
Posted by invester on :
$18.60
Posted by invester on :
$18.76 52-WEEK HIGH.
Posted by invester on :
Stock Rating Reiterations Midday Update: CIEN 28 minutes ago - Dow Jones News
As of 12:49 PM ET 4/26/10
Rating reiterations for April 26 from Briefing.com:
Ciena CIEN Avondale Mkt Outperform
Posted by invester on :
Nice
Citigroup Meets With Ciena Corp Management And Boosts Target Price (CIEN) Tuesday 04/27/2010 3:24 PM ET - Comtex Smartrend(r)
Related Companies Symbol Last %Chg CIEN 17.57 -2.50%
As of 4:00 PM ET 4/27/10 4/27/2010-Citigroup Equity Research issued a note to clients early Tuesday raising its target price on shares of Ciena Corp (NASDAQ:CIEN) from $18.50 to $25.00 citing "incremental insights from management meetings."
Citigroup hosted the company's CFO Jim Moylan for two days and came away with two major points.
Citigroup analyst Kevin J Dennean said, "Discussions w/mgt increase our conviction that interim model will prove very conservative. Mgt again emphasized the decisive portfolio & personnel actions taken in early stages of integration. Synergies were not particularly emphasized at Analyst Day, but we believe they will be a significant part of the story going forward in 2H & beyond. We also believe that interim model doesn't fully account for CoreDirector refresh in 2HCY10, with potential for significant positive GM% impact."
As a results, Citigroup said the following , "Our estimates increase based on mgt commentary on MEN (where we had been overly conservative), timing of deal close, & slightly stronger overall growth rates as our cycle conviction increases. OpEx estimates also increase, but more importantly, our CY11 EPS/OM% estimate is now $0.93/6.6% vs. prior $0.53/4.9% & add'l upside likely over time. CIEN stand-alone posted multiple quarters ~15% OM% & we have no reason to believe Classic CIEN is now structurally lower."
Write to Chip Brian at cbrian@tradethetrend.com
Posted by invester on :
Citi raised the target from $18.50 to $25
Posted by invester on :
What did I say? They just keep on upgrading. That idiot analyst downgraded. HaHa. I love being right.
Latest News Headlines for Ciena Corp Ciena Corp Raised To Outperform From Sector Perform By RBC Capital - Briefing.com >CIEN 5 minutes ago - FW
Posted by BooDog on :
nice work invester. watching the divergence a little closer to see if it can try for more or not for now.
Posted by invester on :
How can you downgrade a company like CIEN, in the sweet spot of the mobile internet, now the Ipad, and over $10 in cash. There an $18 stock. Oh, and a beautiful balance sheet.
Posted by invester on :
So were valuing just the CIENA unit, and not the Nortel at $1 billion. That’s almost there cash value. This is a no brainier.
Ciena Closes Nortel MEN Deal for $773.8M 03/19/2010 Ciena Corp. (CIEN) said has closed the takeover of bankrupt Nortel Networks’ Metro Ethernet Networks (MEN) group.
Ciena bought the unit in late 2009 in a nail-biter auction against Nokia Siemens Networks.
Late Friday, Ciena said it paid a total price of $773.8 million, all cash. The original purchase price totaled $769 million. Ciena was going to pay some of the total in convertible notes but chose, just before closing, to go with a cash equivalent that amounted to $243.8 million.
Ciena now gets a greater geographic reach, more customers and more technology to add to its portfolio.
“We’re confident that this acquisition positions Ciena for faster growth,” said Gary Smith, Ciena’s president and CEO.
Of the Nortel execs that may be staying on, Pavi Binning is not one of them. The former chief restructuring officer, who made $1.95 million at Nortel in 2009, won’t have a position at Ciena. Binning will stay on through Sunday, March 21, (meaning, he has the weekend to find a new job) as the CFO and executive vice president and then, according to Nortel, he’ll be around for a while to help complete the business sales in process and transition his duties. After that, John Doolittle will become CFO.
Meantime, Ciena is poised to begin a new chapter. The Maryland-based company says it has chosen new management, taken on almost all of the Nortel employees to whom it offered jobs and promised it will service the Nortel contracts it has acquired. Also, Philippe Morin, former president of Nortel’s MEN, will join Ciena as senior vice president of the global products group. Ciena will provide more direction on Monday.
Related Articles:
Posted by invester on :
Read this exert. This is a company that’s unequivocally devoted to shareholder value, and will probably never see dilution.
Late Friday, Ciena said it paid a total price of $773.8 million, all cash. The original purchase price totaled $769 million. Ciena was going to pay some of the total in convertible notes but chose, just before closing, to go with a cash equivalent that amounted to $243.8 million.
Posted by invester on :
They paid $773 million for the Nortel unit. And they have $10.82 in cash Cash per share (MRQ) 10.82
Your literally getting Ciena for free.
Posted by invester on :
$18.90 52 week High. Ha Ha
Posted by invester on :
$19.15
Posted by invester on :
$19.43
Posted by invester on :
Ciena: The Trend Continues Up (CIEN) Friday 04/30/2010 10:42 AM ET - Comtex Smartrend(r)
Related Companies Symbol Last %Chg CIEN 18.88 3.17%
As of 12:35 PM ET 4/30/10 SmarTrend identified an Uptrend for Ciena (NASDAQ:CIEN) on January 06, 2010 at $12.04. In approximately 4 months, Ciena has returned 56.3% as of today's recent price of $18.83.
Ciena is currently above its 50-day moving average of $15.86 and above its 200-day moving average of $13.52. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Ciena shares.
Write to Chip Brian at cbrian@tradethetrend.com
Posted by invester on :
$19.48 52 WEEK HIGH
Posted by invester on :
Taking it on the chin today. Earnings May 31st. I see thins being $30+ after earnings and the correction.
Posted by invester on :
IBurst Selects Ciena for Carrier Ethernet-based Wireless Backhaul Solution 7 minutes ago - Businesswire
Related Companies Symbol Last %Chg CIEN 17.30 0.00%
As of 4:00 PM ET 5/12/10 Ciena(R) Corporation (NASDAQ:CIEN), the network specialist, today announced that iBurst, South Africa's leading wireless broadband service provider, has deployed Ciena's Carrier Ethernet Service Delivery (CESD) platforms in an innovative transport network capable of supporting wireless backhaul for 3G and 4G wireless networks. iBurst has replaced its existing Layer 2 infrastructure with Ciena's wireless backhaul solution, which leverages connection-oriented Ethernet, to provide higher performance service levels in its radio cell collection network. This architectural approach has enabled iBurst to develop a highly-resilient and scalable wireless backhaul network.
After evaluating several options, iBurst selected Ciena's solution for its enhanced implementation of Provider Backbone Bridging -- Traffic Engineering (PBB-TE) technology, which provides the reliability, scalability and efficiency the service provider required to support its transport network. The Ciena CESD platforms, including the CN 5305 Service Aggregation Switch and LE 311v Service Delivery Switch, operate seamlessly within iBurst's Layer 2 environment and manage the switchover of dual microwave radio links without delays or failures. As a result, iBurst has significantly improved its Quality of Service (QoS) through increased network availability and resiliency. The Ciena solution was also the only option with the necessary scalability to meet iBurst's increasing network capacity requirements that are being driven by its geographic network expansion and coinciding growth in new users.
"Ciena's solution seamlessly and efficiently resolved the Layer 2 resiliency issue we were having in our network by replacing the Spanning Tree-based architecture with reliable and predictable path management using PBB-TE," said Sasan Parvin, CTO, iBurst. "We also resolved the challenges associated with managing multiple microwave radio links, and are now managing never before realized levels of traffic, delivering new revenue-generating services and significantly reducing our operating costs."
In addition to the wireless backhaul platforms, iBurst has also deployed Ciena's CN 4200(R) FlexSelect(R) Advanced Services Platform to connect its primary and back-up data centers. The initial deployment includes multiple GbE and 2G Fibre Channel connections over DWDM carrying traffic from iBurst's Internet, VoIP, Metro Ethernet and network monitoring services. In addition, as bandwidth requirements increase and fiber becomes available, iBurst is looking to expand its use of the CN 4200 in its network to leverage the efficiency of OTN for transporting multiple services in one wavelength. iBurst will also benefit from interworking and a common approach to network and service management across the Ciena products it has deployed.
Ciena worked with its South African systems integration partner, Telecom 180, to trial and deploy the Carrier Ethernet and optical transport platforms with iBurst. Delio Senatore, sales director at Telecom 180, commented, "We're extremely pleased to be working with Ciena in delivering best-of-breed Carrier Ethernet and optical transport solutions to telecommunications carriers and service providers throughout South Africa, Southern Africa and Sub-Saharan Africa. Ciena's technology is central in enabling us to equip local service providers with the ability to deliver a variety of cutting-edge services that generate new revenue opportunities."
"Telecom 180 and Ciena are helping iBurst to build a service-driven network featuring connection-oriented Ethernet and optical service delivery that results in a more predictable and manageable environment for network traffic and a better overall wireless broadband customer experience," said Francois Locoh-Donou, vice president and general manager of EMEA at Ciena. "This deployment only adds to Ciena's extensive experience with connection-oriented Ethernet networks -- across both PBB-TE and MPLS-TP standards -- and the company remains the only vendor with multiple connection-oriented Ethernet access networks in operation today, including some with 1,000+ node metros."
About Ciena
Ciena specializes in practical network transition. We offer leading network infrastructure solutions, intelligent software and a comprehensive services practice to help our customers use their networks to fundamentally change the way they compete. With a global presence, Ciena leverages its heritage of practical innovation to deliver maximum performance and economic value in communications networks worldwide. We routinely post recent news, financial results and other important announcements and information about Ciena on our website. For more information, visit www.ciena.com.
Note to Investors
Forward-looking statements. This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to the Company as of the date hereof; and Ciena's actual results could differ materially from those stated or implied, due to risks and uncertainties associated with its business, which include the risk factors disclosed in its Report on Form 10-Q, which Ciena filed with the Securities and Exchange Commission on March 5, 2010. Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
SOURCE: Ciena Corporation
Press Contact: Ciena Limited Artur Kwiatkowski, +44 20 7012 5584 akwiatko@ciena.com or Investor Contact: Ciena Corporation Lisa Jackson, 888-243--6223 ir@ciena.com
Posted by invester on :
Ciena Corp. (CIEN) said it would trim its work force by about 120 to 140 positions in the Europe, Middle East and Africa region, citing its desire to reduce expenses and better align costs with market and business opportunities in the region.
Posted by invester on :
Glad I own longer term leaps. This market is UGLY. 1156 S&P close or lower and were headed to 1000. Below 1189 I see 944
Posted by invester on :
Rather, 1056 S&P close or lower headed to 1000. Below 1000 I see 944
Posted by invester on :
Just bought leaps
Posted by invester on :
Earnings on the 31st. After the At&T deal, as well as many others, this could run hard. $10 in cash, and the Nortel unit means your getting Ciena for free. All of the street is upgrading ahead of earnings. With 92 million O/S this could be $35-$40 with ease. Also, I think CSCO buys CIEN as they just announced they are getting into the business. I’m in the Jan. 2011 Leaps all over the board. We shall
Posted by invester on :
Moved to June 9, 2010
Posted by Peaser on :
How can you downgrade a company like CIEN
My opinion is this:
The entire big board market is going to test the previous lows from last year, and trade in low ranges for the next 4 or so years, due to hyperinflation of the US dollar. The market is trending just as it did during the depression era of the late 20's-early 30's. Check the chart posted on the Investing thread for anyone that hasn't seen it yet.
We are in for some rough roads ahead for the next decade when it comes to high share prices. There is still money to be made in the market, just wait for the next dip to buy, or start shorting these big boards on the way back down, then buy back.
Keep an eye on short volume for a few stocks and see if it increases over the coming months. That is your marker during these times, also follow the chart I mentioned, it has been a spot on marker for me through the current economic climate.
Posted by invester on :
Mark it. CSCO AKAM or JNPR will buy CIEN for $30+ shortly. There was a huge conference today that has now confirmed what I've been talking about for over a month now.
Posted by b2driver on :
Invester,
Do you think some July calls will give enough time for a buyout? Or should one consider October calls?
Thanks
Posted by invester on :
I would definitely go October, if not Jan 2011 Leaps. Time is your friend.
Posted by invester on :
But if you buy at the money Calls, I think you could go July as its bottomed. Earnings on the 9th.
Posted by b2driver on :
Awesome. Thank you very much.
Posted by invester on :
Latest News Headlines for Ciena Corp Ciena Corp. Raised To Hold From Sell By S&P Equity >CIEN 65 minutes ago - FW
Posted by invester on :
Earnings tomorrow morning.
Posted by lostone on :
TO me, the numbers look great, but Reuters didn't sound too happy about it since revs up only about 75.8% and i guess short of what was forcasted.. it's like wtf, it's still up 75.8%!!! Invester, with these numbers, what pps do you think the market with linger about?
UPDATE 2-Ciena loss less than expected although revenue weak Wed Jun 9, 2010 8:29am EDT Stocks
Verizon Communications Inc. VZ.N $27.68 +0.60+2.22% 12:00am PDT
* Ciena rev $253.5 mln vs Street's $268.3 mln
* Loss excluding items $0.13 vs loss estimate $0.26
* CEO: customer spending recovering but Europe a challenge
* Shares up 4.4 pct premarket (Adds CEO comments, background on Nortel deal, new headline)
NEW YORK, June 9 (Reuters) - Communications equipment maker Ciena Corp's (CIEN.O) second-quarter loss was narrower than Wall Street expected and the company said customer spending was recovering. Its shares rose 4.4 percent in premarket trading.
Ciena, which supplies optical switches and other equipment to AT&T Inc (T.N) and Verizon Communications Inc (VZ.N), also said the integration of a Nortel unit it bought earlier this year was going as planned.
Revenue in the three months ended April 30 fell short of analysts' expectations, coming in at $253.5 million, including $53.5 million from the Nortel unit, compared with the average Wall Street forecast of $268.3 million according to Thomson Reuters I/B/E/S..
A year earlier, revenue totaled $144.2 million.
"We are encouraged by recent signs of recovery in customer spending, although Europe remains a challenge due to volatile macroeconomic conditions," Chief Executive Gary Smith said in a statement.
AT&T and other phone companies cut back on network spending last year to cope with a weak economy, although many have resumed spending to handle increasing mobile phone and Internet traffic.
Ciena forecast third-quarter revenue of $375 million to $400 million, straddling the market's average forecast of $388 million.
The company's second-quarter net loss was $90.0 million, or 97 cents per share, compared to a loss of $503.2 million, or $5.53 a share, a year earlier.
Excluding special items, its quarterly loss was 13 cents a share, compared to the Street's forecast for a loss of 26 cents.
Ciena's Smith said the integration Nortel's optical networking and Internet infrastructure unit was going well and cited "positive market reaction" to the deal.
Nortel, once North America's biggest telecommunications equipment company, filed for bankruptcy protection in January and put its assets up for sale.
The sale was part of a string of deals in the telecommunications equipment space, as last year's spending cuts by carriers and the high costs of investing in new wireless technologies forced many gear makers to consolidate.
Ciena shares rose 4.4 percent to $14.45 in premarket trade. (Reporting by Ritsuko Ando; Editing by Derek Caney)
Posted by Happy Valley on :
Forecasting $375-$400 million next quarter...Bottom line improving...Oversold with a ton of shorts...I added out of the money calls today...JMO GLTYA
sold this morning, and got back in again at close.. i hope i can do some more rollercoaster rides upward..
Posted by invester on :
I still have the Jan. 2011 calls. They have $10 in cash.. So the company is valued at $4, $368 million? This company is worth about $35 a share, and forward earnings about $45. George Soros is holding a ton of this as well. Watch the whales. No brainer.
Posted by lostone on :
any idea what the max pain for July options?
Posted by invester on :
I went Jan. Leaps Not sure about July. What is your strike?
Posted by lostone on :
i picked up recently july 10 calls at 14 (.63) and 15 (.11) .. my 14's are high, didn't expect it to drop half price the day after .. i tried to average out by picking up the 15's at .11, i'm sweatin' bullets, it was a risky move especially with CIEN for short term options.. i should have gone with something with more head room. I am hoping that Obama support for the expanding broadband spectrum will move this stock back to the mid 14's or even low 15's
Posted by invester on :
quote:Originally posted by lostone: i picked up recently july 10 calls at 14 (.63) and 15 (.11) .. my 14's are high, didn't expect it to drop half price the day after .. i tried to average out by picking up the 15's at .11, i'm sweatin' bullets, it was a risky move especially with CIEN for short term options.. i should have gone with something with more head room. I am hoping that Obama support for the expanding broadband spectrum will move this stock back to the mid 14's or even low 15's
Half of there value is in cash. They are a major player in the movement of internet traffic. Set to make over $400 million next quarter. I'm not sure what anyone wants in a stock, but this is it. They have 93 million shares outstanding/1.2 billion market cap. I would say that I always play long term options though. You should have $15-$16 by expiration.
Posted by lostone on :
I should have stayed with the stock instead of going options, 18 days away from expiration.. gonna have to hold my breath for 15-16
Posted by invester on :
I've been dollar cost averaging, but I have leaps. That’s the risk with short term options. The whole market has been melting down.
Posted by lostone on :
o man.. hit 12.60 .. the trend looks lower and lower.. wtf is going on? all this started with china.. i probably still have another week before i should act.. i hate getting too close to expiration date..
Posted by lostone on :
wow, the july call volume jumped today.. 14 strike hit 2116, 15= 582, 13= 326, 18= 5569. and the stock bounced at 12.12 with huge buys... i would like to think that they are starting to drive up, since option interest for PUTS (near the money) is like 75% of july options, it would be nice if there is a tracker for the average prices to calculate the max pain. I really hope that max pain theory applies, but even if it does, it doesn't look like the price needs to hit 15, but what do i know
Posted by AJGrano on :
I was debating on whether to buy july 17 calls around that .80-.95 range for the $12 strike price around that 11am time area. I ended up pulling the trigger on the $2 calls of BIDU with a strike price of $70 instead. I do feel that this stock has been beaten down enough to make alittle bit of a bounce but the chart just did not look good enough for me to pull the trigger.
Posted by AJGrano on :
I was debating on whether to buy july 17 calls around that .80-.95 range for the $12 strike price around that 11am time area. I ended up pulling the trigger on the $2 calls of BIDU with a strike price of $70 instead. I do feel that this stock has been beaten down enough to make alittle bit of a bounce but the chart just did not look good enough for me to pull the trigger.
Posted by lostone on :
yea, that chart is still undecisive, although it does have a bullish hint today.. we need positive market news all around.. man, i think imma quit options after this...
Posted by lostone on :
is it common to have problems getting out of options when it's near the expiration date? assuming the price of the stock is stabilized? would it be hard to get rid of the options around the week before expiration for something as active as CIEN's July options?
Posted by invester on :
Just bought more leaps. I see the trend going much higher from here. Jobless claims were decent and the 1040 S&P held.
Posted by invester on :
UPDATE 1-Obama endorses plan to boost wireless broadband
* U.S. looking at Defense Department, NOAA spectrum
* Will not force broadcasters to sell spectrum
* FCC, Commerce trying to find some spectrum by Oct. 1
WASHINGTON, June 28 (Reuters) - U.S. President Barack Obama endorsed on Monday plans by regulators to nearly double the spectrum now available for wireless devices.
The White House announced a plan modeled after proposals by the Federal Communications Commission to free up 500 megahertz of spectrum over the next 10 years to meet the demand for laptop computers and smartphones such as Apple Inc's (AAPL.O) popular iPhone.
Some estimates suggest the next five years will see an increase in wireless data of between 20 to 45 times 2009 levels, reflecting the burgeoning use of wireless devices.
The Federal Communications Commission, which manages commercial spectrum licenses, and the Department of Commerce, which oversees government spectrum, have been working together to locate unused spectrum.
Officials said they hope they can identify some spectrum by Oct. 1 that can be made available within five years.
Paul Gallant, a telecommunications analyst with Concept Capital, said Obama's announcement is a plosive development for wireless infrastructure companies such as Alcatel-Lucent SA (ALUA.PA), American Tower Corp (AMT.N), Ciena Corp (CIEN.O), and Tellabs Inc (TLAB.O), among others.
The "White House's endorsement bolsters the outlook for spectrum goals" laid out by FCC Chairman Julius Genachowski in the recent National Broadband Plan, Gallant said.
Freeing up airwaves to meet the growing demands of the wireless industry is a major component of the FCC's National Broadband Plan to increase Internet subscribers and provide affordable access to rural and low-income families.
But early attempts to meet an expected growth in wireless devices have hit snags because broadcasters and some U.S. government agencies have balked. Obama's plan could help pressure spectrum holders to reconsider their positions.
Broadcasters are reluctant to give up spectrum because it could harm the public's ability to watch free programming and government agencies have cited national security concerns.
White House economic adviser Lawrence Summers said in a speech that broadcasters will not be forced to relinquish their spectrum and stations can enter into a voluntary program in which they will be paid for their airwaves.
"Ultimately, government will not make these decisions," Summers said during a speech at the New America Foundation.
"Our role is simply to set up a mechanism to help shift spectrum to its highest value uses -- as current licensees and prospective users see fit."
Broadcasters said they have already returned a large swathe of spectrum that was later auctioned to companies such as the two largest wireless providers, Verizon Wireless and AT&T Inc (T.N). Verizon Wireless is a venture between Verizon Communications Inc (VZ.N) and Vodafone Group Plc (VOD.L).
"We appreciate FCC assurances that further reclamation of broadcast television spectrum will be completely voluntary," said Dennis Wharton, a spokesman for the National Association of Broadcasters.
"We're convinced that America can have both the finest broadband and broadcasting system in the world without jeopardizing the future of free and local TV service to tens of millions of viewers," Wharton said.
Administration officials said they are also looking into spectrum held by government agencies such as the Department of Defense and the National Oceanic and Atmospheric Administration, but agencies have been reluctant to give up their holdings, citing national security reasons.
Summers also said proceeds from spectrum auctions will be reinvested back into jobs-focused infrastructure projects such as the U.S. air traffic control system, high-speed rail and a national emergency response system.
"This initiative will catalyze private sector investment, contribute to economic growth, make revenue available to the federal government, and help to create hundreds of thousands of jobs," Summers said. (Reporting by JoAnne Allen and John Poirier; editing by Andre Grenon)
Posted by invester on :
Current quarter growth rate of 135%. Over 50% of there market cap is in cash. Full year 2011 reves. pegged at almost 2 billion. Not sure how you can find a better company. This should be $40 or so with there cash, revenues and growth.
Posted by invester on :
Nice Jan. 2011 call volume all across the board.
Posted by invester on :
Earnings Aug. 30th.
Posted by invester on :
Look at the chart from the March. 2010 low. We have higher highs and higher lows. My calculations will take CIEN to $24 over the next 3 months and $40 over the next year.
Posted by invester on :
Actually I would say $22.50 before the next retracement based on the chart. Then $30 before the next. $40 by year end.
Posted by invester on :
HUGE buyer sitting on bid at $12.75 all day.
Posted by invester on :
There building a large position here.
Posted by invester on :
Actually, look at the 2 day chart and who was buying. Flat line. Big position being built at $12.75
Posted by invester on :
Day 3 of accumulation at $12.75-$12.80 I've seen this before in another stock before an acquisition. Just speculation, but it makes sense.
Posted by invester on :
$12.75 Watching my paint dry.
Posted by invester on :
This is what its all about.
Ciena 100G Solution Receives R&D 100 Award Prestigious R&D Magazine award recognizes Ciena’s 100G coherent optical transmission solution for excellence in design, development, testing and production
{"s" : "cien","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Ciena Corporation On Tuesday July 13, 2010, 9:00 am EDT LINTHICUM, Md.--(BUSINESS WIRE)--Ciena® Corporation (NASDAQ: CIEN - News), the network specialist, today announced that its 100G coherent optical transmission solution is a winner of R&D Magazine’s 48th Annual R&D 100 Awards, which honor the 100 most technologically significant products introduced into the marketplace during the past year.
With the rapid growth of IP-connected devices – such as smartphones and tablets, and related applications and content – service providers face new bandwidth requirements and the need to ensure an optimal user experience while containing costs. To address these demands, Ciena developed and productized the world’s first 100G coherent optical solution, capable of supporting the largest traffic demands driven by emerging consumer, business and networking applications. Ciena’s agile and cost-effective 100G solution enables service providers to increase the bandwidth of existing 10G fiber network infrastructures by 10 times through simple plug-and-play technology components – without the need to re-engineer their networks or deploy new equipment.
Numerous major service providers and research and education customers worldwide have already completed successful trials and commercial deployments of Ciena’s 100G solution, including Comcast, JANET, SURFnet, Telstra, TelstraClear and Verizon.
To enable service providers to transport 40G and 100G wavelengths simply and cost-effectively across existing 10G fiber networks, Ciena developed several key technologies, including coherent detection, electronic dispersion compensation and Dual-Polarization Quadrature Phase Shift Keying (DP-QPSK) modulation. In August 2008, the Optical Internetworking Forum (OIF) acknowledged the strong performance of this approach, selecting it as the recommended line modulation format for 100G data transmission. Ciena holds more than 20 patents related to its work in 100G optical transmission, in areas such as coherent optical receivers, electronic dispersion compensation and timing recovery, with additional patents pending.
“This recognition by R&D Magazine validates the innovative design, development and productization efforts that have contributed to the world’s first and only commercially deployed 100G coherent optical solution,” said Philippe Morin, senior vice president, global products group at Ciena. “Ciena’s 100G solution puts operators at a competitive advantage for the new communications era, ensuring the ability to easily and cost-effectively meet spiraling bandwidth demands while utilizing existing fiber and network equipment investments.”
Winners of the R&D 100 Awards are selected by an independent judging panel and the editors of R&D Magazine, which serves research scientists, engineers and other technical staff at high-tech industrial companies and public and private laboratories worldwide. Since 1963, the R&D 100 Awards have identified revolutionary technologies, many of which have become household names, including HDTV, ATM and fax machines, halogen lamps and the anti-cancer drug Taxol.
Posted by invester on :
Telecom-Network Suppliers Advance, Aided By ADC Deal Tuesday 07/13/2010 3:23 PM ET - Dow Jones News
Related Companies Symbol Last %Chg ADCT 12.52 0.00% CIEN 13.32 0.00% ERIC 11.48 0.00% GLW 17.73 0.00% LEAP 13.45 0.00%
As of 4:00 PM ET 7/13/10
By Jeffry Bartash
Shares of suppliers for telecommunications networks gained ground Tuesday after ADC Telecommunications Inc. (ADCT) was offered a large buyout premium by Tyco Electronics Ltd. (TEL). ADC accepted an all-cash offer from Tyco Electronics totaling $1.25 billion, or $12.75 a share. That represented a sizable 44% premium over ADC's closing price the day before the offer was announced. In recent trading, shares of ADC soared 41% to $12.50. The deal also bolstered other telecom-equipment stocks, all of which rose in the regular session. Ciena Corp. (CIEN) gained 4.5%, Tellabs Inc. (TLAB) rose 4.1% and Corning Inc. (GLW) added 2.5%. Bigger vendors L.M. Ericsson Telephone Co. (ERIC, ERIC-B.SK)Y) and Motorola Inc. (MOT) also moved higher. Both stocks added almost 4%. In the phone group, stocks also were higher along with the broader U.S. market, though by a smaller amount. Leap Wireless International Inc. (LEAP) climbed more than 4% to lead the way. Also, Verizon Communications Inc. (VZ) moved up 1.9%. AT&T Inc. (T) advanced a smaller 0.7%.
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Posted by invester on :
$13.64
Posted by lostone on :
I'm still holding my breath for 15 by friday.. but i'm feeling doubtful
Posted by lostone on :
damn, should have gotten out yesterday for 80% loss, now the options are worthless
Posted by invester on :
JP Morgan starts CIEN at Underweight. Am I missing something here? Over $7 in cash, trades at $13. Revs. over $400 million current quarter and over $2 billion full year 2011. Sweet spot of mobile internet. ADC telecom just got bought. Analysts upgrade with a $25 target. Only 93 million O/S. How can anyone say underweight? Either this JP Morgan analyst is a numbskull, or I'm clearly missing something.
Posted by lostone on :
they prolly bought puts n sold calls n shorted the stock
Posted by invester on :
" J.P. Morgan said Ciena might encounter some difficulty integrating its recent purchase of Nortel assets that more than doubled the size the company. " Huh? The nortel unit scored the $1 billion contract with AT&T. LoL. What an idiot.
Posted by lostone on :
i really hope that max pain theory kicks in tomorrow, cuz i'm soooo screwed..
Posted by invester on :
Another network equipment buy. ADCT last week now MOT. I just can't believe how cheap CIEN is. There going to get taken out.
3rd UPDATE: Nokia Siemens Buys Motorola Gear Business For $1.2 Billion Monday 07/19/2010 11:43 AM ET - Dow Jones News
Related Companies Symbol Last %Chg ALU 2.67 -0.19% CHL 49.68 0.96% CIEN 12.52 -2.19% ERIC 11.69 1.91% MOT 7.90 5.33%
As of 2:23 PM ET 7/19/10 (Adds further executive and analyst comments, background throughout.)
By Gustav Sandstrom and Roger Cheng Of DOW JONES NEWSWIRES
Telecom equipment vendor Nokia Siemens Networks said Monday it has agreed to pay $1.2 billion for the majority of U.S.-based Motorola Inc.'s (MOT) network equipment business in order to gain a stronger foothold in the important North American and Japanese markets. In a joint statement, the companies said they expect the all-cash deal to close by the end of 2010. Nokia Siemens is making the acquisition primarily to boost its position in markets like the U.S. and Japan and gain access to new customers, but the deal will also provide economies of scale and synergies in areas such as mobile broadband, Chief Executive Rajeev Suri told Dow Jones Newswires Monday. Nokia Siemens, a joint venture between Finland's Nokia Corp. (NOK) and Germany's Siemens AG (SI) said it expects the transaction to strengthen its business relationships with a number of telecom operators including China Mobile Ltd. (CHL), Sprint Nextel Corp. (S) and Vodafone Group PLC (VOD). The stronger relationships are necessary as it finds itself squeezed by market leader L.M. Ericsson Telephone Co. (ERIC) and rising upstart Huawei Technologies Co. (HWI.YY). "This deal is about customers," Suri said. "I expect to gain an incumbent position with many new customers." As a result of the deal, Nokia Siemens expects to become the largest foreign wireless gear vendor in Japan, the third-largest in the U.S., and to strengthen its number two position in the global infrastructure segment. The Motorola acquisition would provide much-needed economies of scale for Nokia Siemens, said analyst Sylvain Fabre at research firm Gartner, adding that the telecom gear industry has long been ripe for consolidation. He said, however, that the integration will be a distraction for the company, which itself has been through an extensive integration process since its creation around three years ago. Still, Suri said the Motorola takeover should be uncomplicated in comparison. "I don't think this is anywhere close to the integration we have been through," he told Dow Jones Newswires. Approximately 7,500 employees are expected to transfer to Nokia Siemens Networks from Motorola's wireless network infrastructure business when the transaction closes, the companies said. Suri said he doesn't expect any layoffs. Siemens and Nokia will support the deal by transferring a shareholder loan of EUR250 million each into preferred equity, it said, but added that the acquisition will be fully funded by Nokia Siemens. Motorola's decision to break up the company through the sale of its network equipment business was demanded by activist investor Carl Icahn and aims to increase the company's market value. The company hopes it will force analysts to assess the cellphone and cable set-top boxes businesses separately from the remainder of the company, which makes public-safety equipment and hand-held scanners. "I think this is fantastic news," Motorola Co-CEO Greg Brown told Dow Jones Newswires. "It's unlocking value for the separation and enabling a pure-play worldwide leading enterprise business." Motorola is expected to split itself into two companies in the first quarter, with Brown now taking over the enterprise mobility and public safety units, and co-CEO Sanjay Jha running the mobile devices and television set-top box businesses. Brown said the Nokia Siemens deal doesn't affect the timing of the split, and declined to say which business would get the $1.2 billion. Still, analysts believe the deal represents the right direction for Motorola. "Bottom line, Motorola is taking more steps to separate their businesses and get fair market value--a positive," said Ittai Kidron, an analyst at Oppenheimer & Co. Motorola shares rose 1.3% to $7.60. Nokia Siemens has made no secret of its ambitions to enter the U.S. market. Last year, it bid for two units of bankrupt Nortel Networks Corp., only to lose the bulk of the wireless-equipment business to Ericsson and Nortel's metro ethernet unit to U.S.-based Ciena Corp. (CIEN). Under the deal announced Monday, Nokia Siemens will take over most of Motorola's network equipment assets such as its GSM and CDMA business, while Motorola will retain control of the less widespread iDEN technology and a number of other assets such as network infrastructure related patents. The acquisition will boost Nokia Siemens' position in the U.S. market and give it access to a network of new customers who may later choose the vendor for fourth-generation network upgrade deals, said Redeye analyst Greger Johansson. Meanwhile, analyst Pierre Ferragu at Bernstein said the valuation of Motorola's assets looks fair, at 0.3 to 0.5 times sales. The deal should be positive for Nokia Siemens as the wider network equipment industry consolidates, he added. -By Gustav Sandstrom, Dow Jones Newswires; +46-8-5451-3099; gustav.sandstrom@dowjones.com (Roger Cheng in New York and Archibald Preuschat in Duesseldorf contributed to this story.)
(END) Dow Jones Newswires 07-19-10 1143ET Copyright (c) 2010 Dow Jones & Company, Inc.
Posted by AJGrano on :
I'm thinking about buying a few August calls around that $12-13 strike price tomorrow since we should have a decline in the market due to the the IBM report. I hope this goes down another 3-5% tomorrow so I can pick some of those up
Posted by AJGrano on :
I'm thinking about buying a few August calls around that $12-13 strike price tomorrow since we should have a decline in the market due to the the IBM report. I hope this goes down another 3-5% tomorrow so I can pick some of those up
Posted by invester on :
Transtelco Expands Regional Optical Network with Ciena 32 minutes ago - Businesswire
Related Companies Symbol Last %Chg CIEN 12.33 -1.60%
As of 9:32 AM ET 7/20/10 Ciena(R) Corporation (NASDAQ:CIEN), the network specialist, and Transtelco, a regional operator serving businesses and carriers along the U.S.-Mexico border, today announced the implementation of a 400-kilometer high-capacity network span using Ciena's WDM transport technology. The new link is the longest span in Transtelco's network, adding route diversity, redundancy and bandwidth availability. Transtelco has also deployed additional platforms from Ciena's packet-optical transport portfolio to aggregate traffic onto the point-to-point link and increase connectivity to the operator's metro rings.
Transtelco operates one of the most reliable networks on the U.S.-Mexico border with more than 2,500 miles of fiber optic cable. Serving one of the most active border regions in the world, Transtelco provides metro and long-haul transport, dedicated IP access, co-location and voice termination services as a wholesale carrier and directly to end-user customers, ranging from small and medium businesses to enterprises. With Ciena's technology in place, Transtelco can combine its different data center connectivity and transport services as-needed over the existing infrastructure, giving the operator increased flexibility to meet the needs of customers requiring additional capacity and network service points.
"Ciena helped us make the longest hop in our network to date, so not only can we now reach more businesses and destinations, but we also can provide better service to our customers through added capacity and route diversity," said Manuel Marin, vice president of engineering and development at Transtelco. "To keep pace with customer demand, we're in the middle of a major network expansion across the south-western border region, and we hope to build on our success working with Ciena's engineering team to power new segments of our network."
"With our strong customer base and diverse product portfolio, Ciena is helping operators throughout the U.S. quickly expand their network footprint to capitalize on new business opportunities," said Alvio Barrios, vice president and general manager, U.S. market and Latin America at Ciena. "Our project with Transtelco is a great example of our continued success, and as capacity demands and networks evolve throughout the region, we're squarely focused on providing the converged optical and Ethernet infrastructure required to help networks scale and grow."
Transtelco deployed Ciena's CoreStream(R) Agility Optical Transport System and CN 4200(R) FlexSelect(R) Advanced Service Platform for the network expansion. Both platforms are part of Ciena's broader packet-optical transport portfolio, which includes solutions that address any transport network requirement or application and offer a variety of service and interface options.
About Transtelco
Located in the heart of the largest border region in the world, Transtelco's geographic focus includes the entire southern United States - Mexico Border. Transtelco delivers world class telecommunication services including: Transport, Direct Internet Access, Voice and Collocation Solutions for Carrier and Enterprise customers over a Next-Generation DWDM platform. Our philosophy of "simplified communications" allows our clients to focus on their core business while we solve their telecommunications issues. For more information, visit us at http://www.transtelco.com.
About Ciena
Ciena specializes in practical network transition. We offer leading network infrastructure solutions, intelligent software and a comprehensive services practice to help our customers use their networks to fundamentally change the way they compete. With a global presence, Ciena leverages its heritage of practical innovation to deliver maximum performance and economic value in communications networks worldwide. We routinely post recent news, financial results and other important announcements and information about Ciena on our website. For more information, visit www.ciena.com.
Note to Investors
Forward Looking Statements: This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to the Company as of the date hereof; and Ciena's actual results could differ materially from those stated or implied, due to risks and uncertainties associated with its business, which include the risk factors disclosed in its Report on Form 10-Q, which Ciena filed with the Securities and Exchange Commission on June 10, 2010. Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
SOURCE: Ciena Corporation
Posted by invester on :
Wow, this is big news for NOK. Should be huge for CIEN as if the other players want to compete, they will need to buy CIEN.
UPDATE: Nokia Siemens Gets $7 Billion U.S. Network Deal 4 minutes ago - Dow Jones News
Related Companies Symbol Last %Chg CIEN 12.32 -1.68% ERIC 11.46 -2.22% MOT 7.80 -1.52% NOK 8.97 1.72% NRTLQ 0.029 -3.33%
Nokia Siemens Networks Tuesday won a $7 billion-contract to deploy and maintain a new U.S. mobile broadband network in one of the largest deals in the industry's history, cementing its presence in the North American market after Monday it agreed to buy the majority of Motorola Inc.'s (MOT) network equipment business in the country. Newly-formed telecom venture LightSquared, which is backed by New York-based private hedge fund Harbinger Capital Partners, said that under the 8-year contract Nokia Siemens will roll out a fourth-generation network with around 40,000 base stations that will cover 92% of the U.S. population by 2015. The deal is subject to final approval by the boards of Nokia Siemens and LightSquared. "Nokia Siemens Networks is proud to have been selected for the largest-ever outsourced deployment of a wireless network in the United States," said NSN Chief Executive Rajeev Suri. LightSquared, which will be headed by Chief Executive Sanjiv Ahuja, will integrate wireless broadband and satellite and provide coverage for customers such as communication service providers, cable operators and content providers, the telecom venture said. However, equites research firm Macquarie said Tuesday it might be "a mistake" to invest billions of dollars in a new wireless network in the already highly competitive U.S. market. "We do believe in the need for additional capacity over time, but believe it would be better used as part of an existing network than for another competitor," it said in a broker note. Still, the significant contract scope and order value should make the agreement "a very good start" for Nokia Siemens in the U.S., said Pohjola Bank analyst Hann Rauhala, where the increasing popularity of smartphones and laptops is sharply boosting data traffic. The LightSquared deal adds further momentum to Nokia Siemens' push into the U.S. market after the company Monday said it had agreed to pay $1.2 billion for the majority of Motorola's network equipment business in the country. NSN, a joint venture between Finland's Nokia Corp. (NOK) and Germany's Siemens AG (SI), has made no secret of its ambitions to enter the U.S. Last year, it bid for two units of bankrupt Nortel Networks Corp., only to lose the bulk of the wireless-equipment business to Sweden-based market leader Telefon AB L.M. Ericsson (ERIC) and Nortel's metro ethernet unit to U.S.-based Ciena Corp. (CIEN). At 1324 GMT, shares in Nokia Siemens' parent company Nokia were up 3.5% at EUR7, outperforming a 0.2% drop in the wider market in Helsinki. -By Gustav Sandstrom, Dow Jones Newswires; +46-8-5451-3099; gustav.sandstrom@dowjones.com
Posted by AJGrano on :
bought (8) $ .39 calls for that $13 strike price for august. Think I might have got in a little too early but this thing has been beaten down too much and I think it can make it back to the 14-15 range in that time if this market picks up. I don't think the market is going to go down too much more today either (crosses fingers).
Posted by invester on :
This is huge. There is something brewing. CIEN will be bought.
LightSquared's Upstart Network Takes Form, But Faces Hurdles Tuesday 07/20/2010 1:45 PM ET - Dow Jones News
Related Companies Symbol Last %Chg CIEN 12.61 0.64% CLWR 6.48 -0.77% ERIC 11.71 -0.09% MOT 8.00 1.01% NOK 9.01 2.15%
As of 4:01 PM ET 7/20/10 By Roger Cheng Of DOW JONES NEWSWIRES
NEW YORK -(Dow Jones)- Hedge fund manager Philip Falcone's ambition to create an upstart high-speed wireless network is slowly taking form. The newly formed venture--backed by Harbinger Capital Partners--has a name in LightSquared, a veteran management team, additional financing and a vendor in Nokia Siemens Network. It plans to sell wireless service on a wholesale basis to retailers, cable companies and other telecom providers. By creating an alternative network to the established players, it could potentially shake up the market. But the significant technical, financial, regulatory and competitive hurdles could threaten to overwhelm the company before it gets off the ground. "In a market that we believe is overly competitive already, putting billions of capital into building another wireless network seems like a mistake," said Macquarie Securities analyst Philip Cusick. LightSquared, however, believes its pure wholesale business model and the growing need for data services will allow it to grow in spite of the competition. "The data demand will exceed the supply by a massive margin," Chief Executive Sanjiv Ahuja told Dow Jones Newswires. "It's the absolute opportune time for it." The company said Tuesday it awarded a $7 billion, eight-year contract to Nokia Siemens to help deploy its network, which is unique--as well as risky and expensive--because it will marry an army of 40,000 ground radios with two satellites to create a nationwide network, which runs on a fourth-generation technology called Long-Term Evolution. The company plans to cover 92% of the U.S. population with its LTE network by 2015, and plans to begin commercial service by mid-2011. LightSquared also said it had secured $1.75 billion in additional financing, but will need further funds to complete its buildout. "We believe that, if successful, this is only the first of many financings the company will need," Cusick said. Ahuja declined to disclose the investors. Some suspect Nokia Siemens may have provided vendor financing, but Susan Spradley, head of Nokia Siemens's North American operations, declined to comment on the specifics of the deal. Spradley, however, expressed confidence in LightSquared's leadership team. "They know what they need to do to raise the financing," she told Dow Jones Newswires. "We will help them anyway we can to make sure the networks get built." The deal is subject to final approval by the boards of Nokia Siemens and LightSquared. Pressure is mounting on Harbinger to show more progress with its spectrum assets. The four-year-old plan is underpinned by Harbinger's controlling stake in satellite-telecom company SkyTerra Communications Inc., which estimated in a recent earnings presentation that it would need to come up with about $211 million for the third quarter to cover costs related to the development of the network. Expenses include insurance for a satellite launch and development of wireless base stations. In addition, the Federal Communications Commission set benchmark requirements for access to wireless spectrum when it approved Harbinger's acquisition of SkyTerra and its licenses in March. According to one condition, Harbinger must build out its network to provide coverage to at least 100 million people in the U.S. by the end of 2012, 145 million people by the end of 2013, and 260 million people by the end of 2015. Frank Boulben, chief marketing officer of LightSquared, told Dow Jones Newswires he believes the company will move faster than the government-set benchmark. LightSquared still has a long way to go before it becomes a credible threat to the established carriers, analysts say. Verizon Wireless, which is a joint venture between Verizon Communications Inc. (VZ) and Vodafone Group PLC (VOD), plans to launch its own LTE network later this year. AT&T Inc. (T) is expected to follow. Clearwire Corp. (CLWR), which is majority owned by Sprint Nextel Corp. (S), is in the middle of rolling out its own 4G network, which runs on a rival standard called WiMax. The company is already employing the wholesale model to the cable companies, as well as with retailers such as Best Buy Co. (BBY). Boulben said the company has an advantage over Clearwire because it doesn't have a retail arm, so there isn't any indirect competition. "There's no conflict of interest," he said. "We're only successful if our customers are successful." LightSquared is talking to more than 30 potential customers, including cellular and wireline operators, cable companies and retailers, Boulben said. The lack of any customers may be a concern for investors looking to provide additional financing to the business, according to Credit Suisse analyst Jonathan Chaplin.
-By Roger Cheng, Dow Jones Newswires; 212-416-2153; roger.cheng@dowjones.com
(END) Dow Jones Newswires 07-20-10 1345ET Copyright (c) 2010 Dow Jones & Company, Inc.
Posted by invester on :
quote:Originally posted by AJGrano: bought (8) $ .39 calls for that $13 strike price for august. Think I might have got in a little too early but this thing has been beaten down too much and I think it can make it back to the 14-15 range in that time if this market picks up. I don't think the market is going to go down too much more today either (crosses fingers).
.51 now. Nice move.
Posted by AJGrano on :
quote:Originally posted by invester:
quote:Originally posted by AJGrano: bought (8) $ .39 calls for that $13 strike price for august. Think I might have got in a little too early but this thing has been beaten down too much and I think it can make it back to the 14-15 range in that time if this market picks up. I don't think the market is going to go down too much more today either (crosses fingers).
.51 now. Nice move.
We'll see....I mean if I don't even hit my strike price their worthless anyway and the way the stock has been moving It might not happen
Posted by invester on :
Put a limit for half sale at .80
Posted by AJGrano on :
quote:Originally posted by invester: Put a limit for half sale at .80
how can I put in a limit sale for half if it doesn't even hit my strike price?
Posted by invester on :
It doesn't need to hit your strike to sell. Puts and Calls have what’s called intrinsic value "time value". As you get closer to strike, your option goes up in value. I don't even remember the last time I held an option to completion. Put a sell in for half of it at .8 and if you hit it, your playing with the houses money.
Posted by AJGrano on :
oh ok I see what you're saying. Honestly I thought your strike price HAD to hit in order for you to sell it back. Yeah that is a good plan, I wish I had more money in my account because I probably would've bought some more at these levels. I'm just not liking how this stock is moving right now though..doesn't seem to want to make its way up, but it'll tank in a heartbeat. Atleast I have plenty of time now
Posted by Happy Valley on :
quote:Originally posted by AJGrano: oh ok I see what you're saying. Honestly I thought your strike price HAD to hit in order for you to sell it back. Yeah that is a good plan, I wish I had more money in my account because I probably would've bought some more at these levels. I'm just not liking how this stock is moving right now though..doesn't seem to want to make its way up, but it'll tank in a heartbeat. Atleast I have plenty of time now
You are playing with fire if you get into the habit of averaging down with short term options in high beta stocks like CIEN...Can't treat the short term options the same way you would the commons or even the leaps...JMO
Posted by AJGrano on :
quote:Originally posted by Happy Valley:
quote:Originally posted by AJGrano: oh ok I see what you're saying. Honestly I thought your strike price HAD to hit in order for you to sell it back. Yeah that is a good plan, I wish I had more money in my account because I probably would've bought some more at these levels. I'm just not liking how this stock is moving right now though..doesn't seem to want to make its way up, but it'll tank in a heartbeat. Atleast I have plenty of time now
You are playing with fire if you get into the habit of averaging down with short term options in high beta stocks like CIEN...Can't treat the short term options the same way you would the commons or even the leaps...JMO
I can see your reasoning for that, but a small investment in this can go a long way...short term or not. I mean those 8 calls I placed only cost me $325 compared to $9,840 if I were to buy the stock. I mean a lot of people say you shouldn't even touch options on stocks under $50 anyway but I feel this is a high reward/low risk play.
Posted by invester on :
quote:Originally posted by AJGrano:
quote:Originally posted by Happy Valley:
quote:Originally posted by AJGrano: oh ok I see what you're saying. Honestly I thought your strike price HAD to hit in order for you to sell it back. Yeah that is a good plan, I wish I had more money in my account because I probably would've bought some more at these levels. I'm just not liking how this stock is moving right now though..doesn't seem to want to make its way up, but it'll tank in a heartbeat. Atleast I have plenty of time now
You are playing with fire if you get into the habit of averaging down with short term options in high beta stocks like CIEN...Can't treat the short term options the same way you would the commons or even the leaps...JMO
I can see your reasoning for that, but a small investment in this can go a long way...short term or not. I mean those 8 calls I placed only cost me $325 compared to $9,840 if I were to buy the stock. I mean a lot of people say you shouldn't even touch options on stocks under $50 anyway but I feel this is a high reward/low risk play.
No, I agree with you. I've only added to my positions.
Posted by metal1 on :
quote:Originally posted by invester: It doesn't need to hit your strike to sell. Puts and Calls have what’s called intrinsic value "time value". As you get closer to strike, your option goes up in value. I don't even remember the last time I held an option to completion. Put a sell in for half of it at .8 and if you hit it, your playing with the houses money.
Just to clarify, 'instinsic value' and 'time value' are different. Instrinsic value is the 'in the money value', (in this case zero) anything left over is 'time value'
Posted by metal1 on :
quote:Originally posted by AJGrano:
quote:Originally posted by Happy Valley:
quote:Originally posted by AJGrano: oh ok I see what you're saying. Honestly I thought your strike price HAD to hit in order for you to sell it back. Yeah that is a good plan, I wish I had more money in my account because I probably would've bought some more at these levels. I'm just not liking how this stock is moving right now though..doesn't seem to want to make its way up, but it'll tank in a heartbeat. Atleast I have plenty of time now
You are playing with fire if you get into the habit of averaging down with short term options in high beta stocks like CIEN...Can't treat the short term options the same way you would the commons or even the leaps...JMO
I can see your reasoning for that, but a small investment in this can go a long way...short term or not. I mean those 8 calls I placed only cost me $325 compared to $9,840 if I were to buy the stock. I mean a lot of people say you shouldn't even touch options on stocks under $50 anyway but I feel this is a high reward/low risk play.
Options are interesting in the fact that the precentage gains and losses are usally greater. Even though you only invested 325, if it expires worthless and you don't sell any before expiration, like Invester said to put a sell order in, you end up with a 100% loss. if you buy the stock and it goes nowhere, you just lose commission or maybe break even. If you buy the option and it goes nowhere, the option becomes worthless at expiriation.
Posted by AJGrano on :
quote:Originally posted by metal1:
quote:Originally posted by AJGrano:
quote:Originally posted by Happy Valley:
quote:Originally posted by AJGrano: oh ok I see what you're saying. Honestly I thought your strike price HAD to hit in order for you to sell it back. Yeah that is a good plan, I wish I had more money in my account because I probably would've bought some more at these levels. I'm just not liking how this stock is moving right now though..doesn't seem to want to make its way up, but it'll tank in a heartbeat. Atleast I have plenty of time now
You are playing with fire if you get into the habit of averaging down with short term options in high beta stocks like CIEN...Can't treat the short term options the same way you would the commons or even the leaps...JMO
I can see your reasoning for that, but a small investment in this can go a long way...short term or not. I mean those 8 calls I placed only cost me $325 compared to $9,840 if I were to buy the stock. I mean a lot of people say you shouldn't even touch options on stocks under $50 anyway but I feel this is a high reward/low risk play.
Options are interesting in the fact that the precentage gains and losses are usally greater. Even though you only invested 325, if it expires worthless and you don't sell any before expiration, like Invester said to put a sell order in, you end up with a 100% loss. if you buy the stock and it goes nowhere, you just lose commission or maybe break even. If you buy the option and it goes nowhere, the option becomes worthless at expiriation.
Yeah I understand the difference between intrinsic value and time value, I just thought for some reason that your option was not good unless the stock hit the strike price. I appreciate you guys pointing this out to me, I can't believe I didn't know that...that definitely helps me out a lot. Cien looking nice today...wondering if I should sell my position with this nice little run up and try to get back on another dip or not. I guess how I'll just see how the nasdaq starts to trade around 3pm.
Posted by invester on :
quote:Originally posted by metal1:
quote:Originally posted by invester: It doesn't need to hit your strike to sell. Puts and Calls have what’s called intrinsic value "time value". As you get closer to strike, your option goes up in value. I don't even remember the last time I held an option to completion. Put a sell in for half of it at .8 and if you hit it, your playing with the houses money.
Just to clarify, 'instinsic value' and 'time value' are different. Instrinsic value is the 'in the money value', (in this case zero) anything left over is 'time value'
I meant intrinsic value, and time value, not intrinsic value, "time value.
Posted by Happy Valley on :
quote:Originally posted by AJGrano:
quote:Originally posted by metal1:
quote:Originally posted by AJGrano:
quote:Originally posted by Happy Valley:
quote:Originally posted by AJGrano: oh ok I see what you're saying. Honestly I thought your strike price HAD to hit in order for you to sell it back. Yeah that is a good plan, I wish I had more money in my account because I probably would've bought some more at these levels. I'm just not liking how this stock is moving right now though..doesn't seem to want to make its way up, but it'll tank in a heartbeat. Atleast I have plenty of time now
You are playing with fire if you get into the habit of averaging down with short term options in high beta stocks like CIEN...Can't treat the short term options the same way you would the commons or even the leaps...JMO
I can see your reasoning for that, but a small investment in this can go a long way...short term or not. I mean those 8 calls I placed only cost me $325 compared to $9,840 if I were to buy the stock. I mean a lot of people say you shouldn't even touch options on stocks under $50 anyway but I feel this is a high reward/low risk play.
Options are interesting in the fact that the precentage gains and losses are usally greater. Even though you only invested 325, if it expires worthless and you don't sell any before expiration, like Invester said to put a sell order in, you end up with a 100% loss. if you buy the stock and it goes nowhere, you just lose commission or maybe break even. If you buy the option and it goes nowhere, the option becomes worthless at expiriation.
Yeah I understand the difference between intrinsic value and time value, I just thought for some reason that your option was not good unless the stock hit the strike price. I appreciate you guys pointing this out to me, I can't believe I didn't know that...that definitely helps me out a lot. Cien looking nice today...wondering if I should sell my position with this nice little run up and try to get back on another dip or not. I guess how I'll just see how the nasdaq starts to trade around 3pm.
Congrats AJ...Glad your calls worked out for ya... Posted by invester on :
quote:Originally posted by invester:
quote:Originally posted by AJGrano: bought (8) $ .39 calls for that $13 strike price for august. Think I might have got in a little too early but this thing has been beaten down too much and I think it can make it back to the 14-15 range in that time if this market picks up. I don't think the market is going to go down too much more today either (crosses fingers).
.51 now. Nice move.
.71 now. Nice call. My dollar cost average on my Leaps has now brought me up 60%
Posted by AJGrano on :
Ended up selling 5 of my 8 calls at .71. Made about $35 ontop of my initial investment and have 3 calls to play with. Wish I had more money in my account when I purchased these though!
Posted by invester on :
.85 now. Should have put that limit in at .81 Posted by invester on :
.90 now
Posted by invester on :
I would take your gains and go out to Oct. or Jan 2011 $20 $25 respectively. Huge point of clarity today with the EU. I see us getting to my call of S&P 1350 and Dow 13050
Posted by invester on :
This will hit $20 within a month.
Posted by invester on :
Earnings Aug. 30th
Posted by AJGrano on :
quote:Originally posted by invester: I would take your gains and go out to Oct. or Jan 2011 $20 $25 respectively. Huge point of clarity today with the EU. I see us getting to my call of S&P 1350 and Dow 13050
I looked into that and the commissions were insane something like $300 for $800 worth of options
Posted by invester on :
quote:Originally posted by AJGrano:
quote:Originally posted by invester: I would take your gains and go out to Oct. or Jan 2011 $20 $25 respectively. Huge point of clarity today with the EU. I see us getting to my call of S&P 1350 and Dow 13050
I looked into that and the commissions were insane something like $300 for $800 worth of options
What do you pay per contract?
Posted by invester on :
$13 calls now $1.10
Posted by invester on :
$14.13. This will hit $20 shortly. After earnings, $30
Posted by AJGrano on :
picked up 15 more calls at .37
Posted by invester on :
What strike/month?
Posted by AJGrano on :
quote:Originally posted by invester: What strike/month?
$14 and august. I don't know why the commissions were so much for those october and january $20 calls. I only paid $18 for those 15 calls today
Posted by invester on :
Its right at the 200 day. Just like almost every average is. Were going to have a huge move in every index one way or the other in the next week or so. I think it will be higher.
Posted by invester on :
Picked up Oct. $15 and $18
Posted by invester on :
Cramer's Lightning Round - Citigroup: Geithner Is a Seller, I'm a Buyer (7/29/10) by: SA Editor Miriam Metzinger July 30, 2010 | about: C / CIEN / MSFT / SHW / TEVA Font .
Bullish Calls Citigroup (C): "Yes! Yeah, Tim Geithner (Treasury Secretary) is a seller... I'm a buyer! Treasury's been unloading stock... and the stock doesn't go down. What does that tell you? And Vikram Pandit... I think is doing a dynamite job."
Ciena (CIEN): "Yes! Everybody hates it. We're going to bring that CEO on. It's got a multi-year story. It's all about the voice network going to the... the terrestrial thing going to the cellular... you could call it the bandwidth explosion. Ciena's fine! It doesn't go down on the bad days, it'll go up on the good days."
Teva (TEVA): "Everyday... this is the worst-acting stock that I've ever seen, and it didn't destroy wildlife in the Louisiana/Gulf of Mexico area. Now, here's what I think... I think that Teva is... I saw it, told people... I think it's wildly overdone. It's had $6 billion in market cap lost off of a drug that's going to do $2 billion in 2014. So I'm going to tell you Teva's a buy, and tomorrow, I'm going to have to take my pants down and shoot myself because I said it. But you know what? I'll take my pants down, and I'll shoot myself."
Sherwin-Williams (SHW): "I like Sherwin-Williams...it's a growth stock."
Bearish Calls: Microsoft (MSFT): "Jeez, neither here nor there...I'm not interested in Microsoft; I'm not going to recommend it. I'm going to say strictly, 'don't buy'... and strike."
Posted by AJGrano on :
well I definitely got back into this thing way too early. Has no desire to want to push up, even with that huge day on monday. Looks like my $14 calls are probably going to end up worthless. Really didn't think that rally would stall this hard.
Posted by invester on :
Running.
Posted by invester on :
quote:Originally posted by invester: Its right at the 200 day. Just like almost every average is. Were going to have a huge move in every index one way or the other in the next week or so. I think it will be higher.
Called it
Posted by AJGrano on :
this stock is such an emotional roller coaster ride! haha
Posted by invester on :
quote:Originally posted by AJGrano: this stock is such an emotional roller coaster ride! haha
It doesn't act right. Its as if someone has been on the bid around $13 give or take .50 for 3 weeks. It could be accumulation. Not sure. we should be north of $15 for sure by now. Earnings Aug. 30th.
Posted by invester on :
Up on an ugly day
Posted by invester on :
1000 calls block trade sept. $14 Single buyer. $68,000 trade. That’s a nice order. Someone is loading up.
Posted by invester on :
Closed above the 50 day. Nice!!!!
Posted by invester on :
Leading Russian Operator Selects Ciena's CN 4200 for Network Upgrade Tuesday 08/10/2010 9:00 AM ET - Businesswire
Related Companies Symbol Last %Chg CIEN 13.46 -1.90%
As of 4:00 PM ET 8/10/10 Ciena(R) Corporation (NASDAQ: CIEN), the network specialist, today announced that FORATEC, a leading Russian telecommunication operator, chose the CN 4200(R) FlexSelect(R) Advanced Services Platform for an optical transport network build-out in the country's Urals region. The newly deployed network was implemented by Ciena in partnership with Jet Infosystems, one of the major systems integrators in Russia and the CIS region and recent member of Ciena's BizConnect global partner program.
FORATEC's extensive optical network covers Russia's Urals Federal District and offers a comprehensive range of telecommunication services -- including traditional telephony, Voice over IP (VoIP), broadband services, data center connectivity and others -- to consumers and businesses alike. In order to increase network capacity and enhance service performance for its customers, the operator selected Ciena and Jet Infosystems to extend its network an additional 150 km between the south Russian cities of Yekaterinburg and Nizhniy Tagil while creating a flexible foundation for the delivery of advanced services and applications. The new deployment is based on Ciena's CN 4200, equipped with software-programmable interface modules to support multiple services on a single wavelength and remote configurability for greater transport efficiency as service demands evolve over time.
"This network upgrade project was an important step for FORATEC, as we've implemented a solid foundation for the delivery of next-generation services and applications," said Natalia Volkova, CTO at FORATEC. "With the help of Ciena and Jet Infosystems, we have improved the functionality of the network and created a resilient infrastructure with complete reconfigurablity that allows us to adapt as our business needs evolve."
"Our joint project with FORATEC is a great example of the continued success of our transport portfolio in Europe," said Sergei Fishkin, regional managing director for Russia, CIS and the Baltic states at Ciena. "We continue to team with leading partners worldwide that have the necessary practical experience in network design and service capabilities that Ciena's discerning customers expect. Jet Infosystems is precisely that kind of partner for our Russian operation."
"Building a flexible network infrastructure that can grow organically as needs evolve is an imperative for network operators as they consistently seek out cost-efficiencies in their business while remaining competitive in the marketplace," added Alexey Dogaev, head of networking solutions development center at Jet Infosystems. "Our new partnership with Ciena enhances our ability to deliver on those requirements for our customers in the region."
More than 200 organizations around the world, including leading service providers, enterprises, government agencies and research and education networks, utilize Ciena's CN 4200 platform for its flexibility, ease of deployment and significant capital and operational savings.
About FORATEC
FORATEC is one of the largest regional telecommunications operators in Russia, with an extensive optical network covering the Urals Federal District. Active in the telecommunications market since 2002, the company now boasts an extensive infrastructure, highly qualified technical staff and a great capacity reserve. FORATEC is committed to providing a full range of telecommunications services to all categories of clients. To achieve this goal, it has opened branches in the entire Urals Federal District, designed a product line taking into account specific needs of clients, developed an extensive telecommunications network based on modern equipment and telecommunications equipment, and has founded customer support services led by certified personnel.
About Jet Infosystems
Jet Infosystems is one of the largest systems integrators in Russia and CIS countries. The company offers a wide range of design, development and maintenance services of highly reliable computing systems and networks, organization of IT infrastructure and IT services management, and also information security and industry-specific solutions. The company has regional offices in six cities of Russia - including St. Petersburg, Krasnodar and Vladivostok, and also offices in Ukraine, Kazakhstan and Azerbaijan. Company carries out projects in Pakistan, Armenia, Georgia, Tajikistan and Uzbekistan.
About Ciena
Ciena is the network specialist. We collaborate with customers worldwide to unlock the strategic potential of their networks and fundamentally change the way they compete. With focused innovation, Ciena brings together the reliability and capacity of optical networking with the flexibility and economics of Ethernet, unified by a software suite that delivers the industry's leading network automation. We routinely post recent news, financial results and other important announcements and information about Ciena on our website. For more information, visit www.ciena.com.
Note to Investors
Forward-looking statements. This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to the Company as of the date hereof; and Ciena's actual results could differ materially from those stated or implied, due to risks and uncertainties associated with its business, which include the risk factors disclosed in its Report on Form 10-Q, which Ciena filed with the Securities and Exchange Commission on June 10, 2010. Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
SOURCE: Ciena Corporation
Ciena Corporation Press Contact: Katie Gilroy 877-857--7377 pr@ciena.com or Investor Contact: Lisa Jackson 888-243--6223 ir@ciena.com
Posted by Peaser on :
Looking for $3-$4 pps by January, following a market crash in the coming 2 months.
Posted by Peaser on :
quote:Originally posted by Peaser: How can you downgrade a company like CIEN
My opinion is this:
The entire big board market is going to test the previous lows from last year, and trade in low ranges for the next 4 or so years, due to hyperinflation of the US dollar. The market is trending just as it did during the depression era of the late 20's-early 30's. Check the chart posted on the Investing thread for anyone that hasn't seen it yet.
We are in for some rough roads ahead for the next decade when it comes to high share prices. There is still money to be made in the market, just wait for the next dip to buy, or start shorting these big boards on the way back down, then buy back.
Keep an eye on short volume for a few stocks and see if it increases over the coming months. That is your marker during these times, also follow the chart I mentioned, it has been a spot on marker for me through the current economic climate.
bump
Posted by invester on :
Citi Adds Oclaro to its "Top Picks Live" List (OCLR, CIEN, JDSU) Friday 08/20/2010 9:02 AM ET - Comtex Smartrend(r)
Related Companies Symbol Last %Chg CIEN 12.50 -0.64% CSCO 22.01 -0.99% JDSU 10.45 0.29% OCLR 10.42 0.00%
As of 10:25 AM ET 8/23/10 Citigroup added telecom equipment maker Oclaro (NASDAQ:OCLR) to its "Top Picks Live!" list as the firm believes that the company's shares, which are down 23% since the solid July 29th earnings report, are largely due to fears related to Cisco (NASDAQ:CSCO) and order trends. Citi says that Cisco is at most 5% of Oclaro's revenue and their checks suggest solid demand. Citi also said it sees several near-term catalysts.
Citi also sees potential outperformance in the optical networking space and has raised estimates for JDS Uniphase (NASDAQ:JDSU) and reiterated its "Buy" rating on shares of Ciena (NASDAQ:CIEN).
SmarTrend alerted subscribers to take profits in Ciena on May 07, 2010 at $16.38, since then the stock fell 24.5%. We are now watching for any positive developments that could result in a new uptrend signal.
Write to Chip Brian at cbrian@tradethetrend.com
Posted by invester on :
Bouygues Telecom Speeds Up Delivery of Mobile and Fixed Line Services with Ciena's CN 4200
ShareretweetEmailPrintCompanies:CIENA Corp. Related Quotes Symbol Price Change CIEN 12.27 -0.01
{"s" : "cien","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Ciena Corporation On Tuesday August 24, 2010, 9:00 am EDT LINTHICUM, Md. & PARIS--(BUSINESS WIRE)--Ciena® Corporation (NASDAQ:CIEN - News), the network specialist, today announced that Bouygues Telecom, part of the Bouygues group, deployed the CN 4200® FlexSelect® Advanced Services Platform across France to expand the operator’s broadband DSL aggregation and transport network as well as increase capacity to support rising volumes of mobile traffic.
Bouygues Telecom is one of the top three mobile operators in France. In addition to its 3G mobile network, which covers more than 80 percent of the French population with a high-speed mobile broadband service, it also offers fixed line and DSL services throughout the country. In its commitment to meet customer demand for advanced broadband and mobile data services while maintaining optimum network performance, the operator sought a cost-effective, reliable infrastructure solution that was also flexible enough to support new subscribers and services on an ‘as needed’ basis. In response, Bouygues Telecom selected Ciena’s CN 4200 as the packet-optical transport infrastructure in its fixed and mobile networks.
CN 4200, part of Ciena’s Packet-Optical Transport portfolio that addresses any transport network requirement and offers a variety of service and interface options, allows Bouygues Telecom to cost-effectively support new voice, video and data services for both its business and consumer customers. In addition, CN 4200’s dynamic optical programmability – driven by its FlexiPort technology – supports the operator’s future service and capacity needs by providing the ability to easily scale and reconfigure the transport network on demand in direct response to the evolving needs of its customers.
Francois Locoh-Donou, VP and general manager of Ciena in the EMEA region, said: “The introduction of new services and growing subscriber numbers are putting increasing pressure on service providers to operate more efficiently and lower costs without compromising security and performance. By selecting CN 4200, Bouygues Telecom has secured improved efficiency, infrastructure scalability and improved reliability of its fixed and mobile networks for the delivery of data-rich end-user applications, ensuring its ability to continue innovating and adapting to its customers’ evolving requirements.”
More than 200 organizations around the world, including leading service providers, enterprises, government agencies and research and education networks, utilize Ciena’s CN 4200 platform for its flexibility, ease of deployment and significant capital and operational savings.
About Ciena
Posted by invester on :
Earnings Sep. 8th
Posted by invester on :
What a call. Raised to buy the day before earnings. Someone knows something.
Ciena Raised To Buy From Hold By Miller Tabak >CIEN Tuesday 09/07/2010 7:52 AM ET - FW Earnings Look Ahead: In 2 days, Ciena Releases Its Quarterly Numbers (CIEN) Monday 09/06/2010 6:00 AM ET - Comtex SmarTrend(R) Analysts, on average, expect Ciena (NASDAQ:CIEN) to report a loss of $0.33 per share on sales of $386 million on September 08, 2010. For the full year, analysts expect the company to post a loss of $0.70. In the year-ago period, the company
Posted by invester on :
Beat per share estimates and revenue estimates.
LINTHICUM, Md. (AP) -- Communications networking company Ciena Corp. reported a wider third-quarter loss Wednesday on higher costs and expenses.
The company reported a net loss of $109.9 million, or $1.18, for the three months ended July 31 compared with a loss of $26.5 million, or 29 cents per share, a year ago.
Revenue surged to $389.7 million from $164.8 million.
But operating expenses more than doubled to $243.6 million from $97.6 million on a mix of research, development, and marketing costs.
Analysts polled by Thomson Reuters expected a loss of 33 cents per share on $386.3 million in revenue.
Posted by invester on :
$14.14
Posted by invester on :
$14.32
Posted by invester on :
Look at the Call volume. There are some big bets coming in here. I see this continuing. Should close above the 50 day.
Posted by invester on :
And above the 200 day. This is setting up nice.
Posted by invester on :
Income Statement Per Share Data Revenue (MRQ) 389.7M EBITDA (MRQ) -60.8M Earnings before taxes (MRQ) -108.2M Net Income (MRQ) -109.9M Normalized earnings before taxes (MRQ) -89M Normalized Net Income (MRQ) -109.9M EPS excluding extraordinary items (TTM) -3.02 EPS Normalized (MRFY) -3.05 Rev per share (TTM) 10.77 BV per share (MRQ) 2.44 Tangible BV per share (MRQ) -3.00 Cash per share (MRQ) 5.03 Cash flow per share (TTM) -1.82 Indicated Annual Dividend (US)
Posted by invester on :
$14.43
Posted by invester on :
$14.97
Posted by invester on :
quote:Originally posted by Peaser: Looking for $3-$4 pps by January, following a market crash in the coming 2 months.
LoL
Posted by invester on :
Came in the year at about $16. The integration of the Nortel assets was the head wind. That’s now confirmed that its going extremely well. Based on the chart, I see the next stop is $16.50. Then well above $18.
Posted by BooDog on :
My 10,7 dow looks to get tested this week too invester. keep on pulling the 50dma up! hell of a gap on the FAS though.
Posted by invester on :
The call volume has been unreal over the past 3 days. I know its above the 50 and 200, but there may be something else brewing. They have a ton of cash, and the Nortel networks acquisition is going smoothly. They are now a huge takeout target with that headwind out of the way.
Posted by invester on :
$15.28 Up on down days.
Posted by invester on :
I had options that were worthless, now up 100% There’s something up here. This has been a huge run.
Posted by invester on :
$15.30 mid day making new highs. I see this approaching $16 by EOD. Unreal. Making a ton of cash here!
Posted by invester on :
Wow, just saw this. Huge contract!!! Firing on all cylinders!
Interoute Selects Ciena for Pan-European Field Services Deal Tuesday 09/14/2010 9:00 AM ET - Businesswire
Related Companies Symbol Last %Chg CIEN 15.23 3.32%
As of 12:03 PM ET 9/14/10 Ciena(R) Corporation (NASDAQ: CIEN), the network specialist, today announced that Interoute, owner operator of Europe's largest next generation network, has selected Ciena Specialist Services for end-to-end managed field services support across its pan-European network operations. The five year contract marks a high-note entry for Ciena into the multivendor managed field services area.
Interoute's network connects more than 100 cities in 29 countries around the world, via 55,000 kilometres (35,000 miles) of lit fibre. The company has also built metropolitan area networks (MANs) in more than 20 European cities. The operator offers bandwidth, virtual private networks (VPNs), high-speed internet access and transit, communication, managed hosting and colocation services, as well as media streaming to business customers and service providers.
In order to streamline its operations and generate significant cost efficiencies, Interoute decided to consolidate its network maintenance by introducing -- to the largest extent possible -- a single supplier model. To accomplish this across seven countries in Europe where Interoute maintains Points of Presence (Austria, France, Germany, Italy, Spain, Switzerland, United Kingdom), the operator required a reliable services partner with an established and expansive footprint.
"We wanted a services framework that would provide a single management centre and reporting point, while also ensuring consistent SLAs across the whole of Europe -- a true one-stop-shop for all our network maintenance needs," said Andy Hudson, vice president of infrastructure engineering and field operations at Interoute. "The Ciena Specialist Services package has proven to be exactly what we were looking for, especially in terms of providing support across multiple manufacturers' products."
Signed for five years, the new contract significantly expands Ciena's professional services' presence at Interoute. As part of the deal, in addition to the spares management and maintenance services (for Ciena-manufactured products) already in place, Ciena will provide the operator with multivendor first line maintenance (FLM), effectively becoming its field service partner of choice in the selected countries. Delivering these services, Ciena's professional services specialists will be aided by the company's trusted partner Indigo Telecom Group, which specialises in the design, planning, build, supply, management and maintenance of telecommunications networks across the UK/Ireland and mainland Europe.
"In today's challenging economic environment service providers need to look for new ways to reduce costs while maintaining a high level of customer service and support," said John Baughn, vice president, service and operations support at Ciena EMEA. "As one of the most innovative and cost competitive service providers in the market today, Interoute constantly searches for new ways to do this without compromising quality. We were able to significantly reduce the service provider's cost of operations by leveraging economies of scale and our expertise as the network specialist."
Ciena Specialist Services is a comprehensive services practice designed to help service providers and enterprises maximize their network infrastructure investment to reduce costs, increase revenue, improve profitability, and accelerate time-to-market. Ciena's services portfolio, tailored to offer customers the exact level of support to address their needs, works to provide the expertise that helps them best leverage their network assets. This includes optimizing network's efficiency and performance, as well as helping reduce operating expenses through improved reliability, manageability, and optimal network operation. The Ciena Specialist Services comprise:
-- Enablement Services Suite -- which provides network operators with the essential knowledge and support resources to establish, operate, manage and maintain their network;
-- Consulting Services Suite -- leveraging Ciena's professional expertise to specific customer needs and challenges to provide strategic analysis and customized recommendations;
-- Premium Services Suite -- which involve Ciena's specialists functioning as virtual members of a network operator's team to deliver critical network planning, operations and management functions.
About Ciena
Ciena is the network specialist. We collaborate with customers worldwide to unlock the strategic potential of their networks and fundamentally change the way they compete. With focused innovation, Ciena brings together the reliability and capacity of optical networking with the flexibility and economics of Ethernet, unified by a software suite that delivers the industry's leading network automation. We routinely post recent news, financial results and other important announcements and information about Ciena on our website. For more information, visit www.ciena.com.
About Indigo Telecom Group
Indigo is a specialist, pan-European IT and telecoms engineering and services company providing consultancy, installation, commissioning, maintenance and support services to network operators, carriers, and public and private sector organisations. Indigo has expertise in fixed-line telephony, cable TV, wired and wireless networking, satellite, mobile and radio sectors. Part of Team Telecom Group, Indigo was formed by the merging of Hutchison Communication Systems, Team Telecom and Redbridge Management Services. http://www.indigotelecomgroup.com
Note to Ciena Investors
Forward-looking statements. This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to the Company as of the date hereof; and Ciena's actual results could differ materially from those stated or implied, due to risks and uncertainties associated with its business, which include the risk factors disclosed in its Report on Form 10-Q, which Ciena filed with the Securities and Exchange Commission on September 8, 2010. Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
SOURCE: Ciena Corporation
Press Contacts: Ciena Corporation Nicole Anderson, (877) 857--7377 pr@ciena.com or Ciena Limited Artur Kwiatkowski, +44 20 7012 5584 akwiatko@ciena.comInvestor Contact: Ciena Corporation Lisa Jackson, (888) 243--6223 ir@ciena.com
Posted by invester on :
CIEN Option | Exchange: OPRA 0.09 +0.05 125.00% 0.07 0.09 0.10 0.09 0.07 1,606 Trade CIEN 18.00 Oct 10 C Last Change / % Change Today´s Open Bid Ask Day High Day Low Volume
Not sure what to do here. he volume just exploded on CIEN options. My options are up 200% now. It looks like someone knows about a bid or something. I'm itching to take profit!!! On the Oct. $18 calls. I’ve still got Jan calls all over the board.
Posted by invester on :
Bought at .03 sold at .09. I'm out. I'll rebuy tomorrow for .04 if the volatility comes in.
Posted by invester on :
$15.39
Posted by invester on :
$15.48 Jan. calls getting bids
Posted by invester on :
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