Market Currents

• Thursday, December 10, 2009

• 09:00 AM Premarket gainers: ONTY +10%. ING +4%. APC +4%. NLST +3%. FACT +3%. BCS +3%. IOC +3%. GFI +3%.
  Losers: SIGA -13%. IT -8%. CIEN -3%. LLY -3%. Comment!
• 07:12 AM Ciena (CIEN): FQ4 EPS of -$0.12 misses by $0.05. Revenue of $176M (-1.9%) vs. $168M. "While cautious customer spending seems likely to continue as we enter 2010, our Q4 order flow gives us confidence in our ability to deliver sequential revenue growth in Q1 2010. We currently expect a sequential increase in Q1 revenue of up to 5%." (PR) Comment!
• 00:05 AM Notable pre-market earnings: CIEN, COST, DG, GIL, SFD Comment!

• Wednesday, December 2, 2009

• 07:32 AM Nokia Siemens (NOK, SI) is challenging Ciena (CIEN) in bankruptcy court after the U.S. networking gearmaker won an auction for Nortel's optical networking and carrier ethernet business. Nokia Siemens said it's upping its offer to $810M in cash from a prior offer of $770M, which was trumped by Ciena's $769M offer of cash and debt. The court will decide Wednesday whether to approve the deal. Comment!

• Monday, November 23, 2009

• 10:42 AM Ciena (CIEN -6.7%) upped its offer by more than $200M to $769M and edged out a joint bid by Nokia Siemens (NOK, SI) and private-equity firm One Equity Partners to buy Nortel's optical networking and carrier ethernet assets. The deal will more than double Ciena's turnover. 2 Comments
• 09:00 AM Premarket gainers: SEED +40%. FIF +36%. DDRX +28%. LDK +15%. TSEM +11%. FEED +10%. INO +7%. ZION +7%. HL +5%. AIB +4%. PBCT +4%. ING +4%. ANN +4%. VVUS +4%.
  Losers: CEPH -8%. CIEN -6%. 1 Comment

• Sunday, November 22, 2009

• 16:34 PM Sources say Ciena (CIEN) raised its offer for Nortel's optical networking and carrier ethernet business to $714M from an earlier $522M. Sources say Nokia Siemens (NOK, SI) and private-equity firm One Equity Partners have also jointly bid for the assets. 1 Comment

• Tuesday, November 10, 2009

• 11:37 AM Bankrupt Nortel Networks extends the deadline to make offers for the optical networking unit it's selling, as it looks like nobody is yet topping Ciena's (CIEN -2.1%) stalking-horse bid of $390M and 10M shares (about $515M total). 3 Comments

• Wednesday, October 14, 2009

• 09:00 AM Premarket gainers: CNO +22%. BMTI +12%. UEC +11%. ACAS +10%. PLUG +7%. FAS +6%. RTP +5%. CIEN +5%. BCS +5%. AMR +5%. AMD +5%. CRH +5%. CATY +5%. INTC +4%. ACLS +4%. CY +4%. HGSI +4%. ONNN +4%. TSFG +4%. MT +4%. GNW +4%. JPM +4%. UBS +4%. RBS +4%. ALTR +4%. NVDA +4%. STD +4%. HIG +4%. LYG +4%. GNW +4%. CTIC +4%. STM +4%. PIR +4%.
  Losers: UCBH -11%. 2 Comments

• Wednesday, October 7, 2009

• 08:11 AM Ciena (CIEN) is buying Nortel's optical networking and carrier ethernet businesses for $390M plus 10M shares. Ciena says the acquisition will accelerate its growth strategy by 2-3 years, and sees integration costs of $180M. CIEN +2.6% premarket. (PR) Comment!

• Tuesday, October 6, 2009

• 16:23 PM Ciena (CIEN), which makes fiber-optic equipment for the big phone companies, beaten down 7.9% on heavy volume after reports it bid $550M to buy nearly all optic networking and carrier Ethernet assets from Nortel Networks (NRTLQ.PK). Comment!

• Thursday, September 3, 2009

• 07:31 AM Ciena (CIEN): FQ3 EPS of -$0.05 beats by $0.08. Revenue of $165M (-35%) vs. $153M. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: CIEN, DLM Comment!

• Thursday, June 4, 2009

• 09:00 AM Premarket gainers: WIND +44%. NVAX +32%. AGEN +19%. CONN +13%. HGSI +12%. TCL +12%. AVII +11%. TER +8%. RAD +7%. AHD +6%. HEB +4%. KEY +4%. ERX +4%. CTIC +4%. CGV +4%. ANPI +4%.
  Losers: CODI -14%. GU -12%. CIEN -8%. ANF -8%. VPHM -7%. ICON -7%. RTP -6%. SKS -6%. HBAN -6%. CAR -5%. UAUA -5%. AIB -4%. TIVO -3%. Comment!
• 07:06 AM Ciena (CIEN): FQ2 EPS of -$0.25 misses by $0.16. Revenue of $144M (-40.5%) vs. $157M. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: CIEN
    Comment!