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If there's a theme to Q2 tech earnings reports so far, it's "good enough." Just as several...

Jul. 19, 2012 12:11 PM ETCiena Corporation (CIEN) StockXLK, IGM, IYW, XNTK, CIEN, JNPR, NOK, ADTN, FNSR, QTEC, VIAV, PTF, CALXBy: Eric Jhonsa, SA News Editor
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.

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