posted
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.
Posts: 4381 | From: houston | Registered: Mar 2006
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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
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
nice work invester. watching the divergence a little closer to see if it can try for more or not for now.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
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.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
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.
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Posts: 4381 | From: houston | Registered: Mar 2006
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posted
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.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
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
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
Taking it on the chin today. Earnings May 31st. I see thins being $30+ after earnings and the correction.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
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
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
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.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
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
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
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
Posts: 4381 | From: houston | Registered: Mar 2006
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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.
-------------------- Buy Low. Sell High. Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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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.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
But if you buy at the money Calls, I think you could go July as its bottomed. Earnings on the 9th.
Posts: 4381 | From: houston | Registered: Mar 2006
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