Seeking Alpha

Ciena, Alliance Fiber up in response to Finisar's results/guidance

  • Ciena (CIEN) +1.5% AH and Alliance Fiber (AFOP) +1.1% after Finisar beat FQ2 estimates and issued strong FQ3 guidance.
  • Ciena, which reports on the morning of Dec. 12, is now up 10% from Tuesday's close, thanks in large part to an FBR note predicting a strong report and arguing the company will benefit from a long-term trend towards shifting more network intelligence to the optical layer (as compared with the switching/routing layer).
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Comments (1)
  • msteck
    , contributor
    Comments (50) | Send Message
     
    CIEN to 35 !
    5 Dec 2013, 07:04 PM Reply Like
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