- Ciena is flying higher after beating FQ2 estimates and issuing above-consensus FQ3 guidance. As is its custom, rival Infinera (INFN +2.2%) is heading in the same direction as Ciena, as are component vendors Finisar (FNSR +3.6%) and JDS Uniphase (JDSU +1.7%).
- Other gainers include deep packet inspection hardware vendors Allot (ALLT +5.5%) and Procera (PKT +3%), access/metro equipment provider Adtran (ADTN +3%), network processor developer Cavium (CAVM +1.2%), and carrier Wi-Fi hardware vendor Ruckus (RKUS +1.8%). An upbeat Oppenheimer note could be contributing to Allot's gains.
- The rally comes a few days after Ciena and other industry names fell due to a Jefferies report stating AT&T has slashed wireline capex ahead of the DirecTV deal's closing and the full rollout of its giant Domain 2.0 SDN/NFV initiative.
From other sites
at Zacks.com (Mon, 8:29AM)
Infinera : Introduces Two New Photonic Integrated Circuits to Support New Layer C and Layer T Network Modelat 4-traders.com (Mar 23, 2015)
at Investor's Business Daily (Jan 23, 2015)
at Benzinga.com (Dec 18, 2014)
at Benzinga.com (Dec 17, 2014)
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