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CIEN Ciena will be $35+ in 4 months $18.23
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[QUOTE]Originally posted by invester: [QB] 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 [/QB][/QUOTE]
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