If there's a theme to Q2 tech earnings reports so far, it's "good enough." Just as several large-caps have rallied on so-so results, beaten-down telecom equipment and optical component names are rallying on Verizon's guidance for "flat to down" 2012 capex - some feared worse guidance in light of recent warnings. CIEN +5%. ALU +6.9%. JDSU +2%. FNSR +3%. JNPR +2.8%. Nomura sees Verizon's comments about 40G/100G optical investments as a positive for Juniper and Ciena.
If there's a theme to Q2 tech earnings reports so far, it's "good enough." Just as several...
Recommended For You
More Trending News
About CIEN Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
CIEN | - | - |
Ciena Corporation |