Ciena’s Stock is Finally Ripping
Wednesday, October 03, 2007 - 8:59 am
Originally Published In the News October 3, 2007 8:59 AM
The SellSide is tripping over themselves jacking estimates and upgrading the shares of Ciena Corporation (CIEN-NASDAQ) in the wake of the company’s analyst day. Management was pumped up about business, and intimated that margins will improve due to mix and other issues. The stock is another example of the market’s new leadership, and its ascent is benefiting the folks at Fidelity Investments and Jennison Associates.
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