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Ciena knows broadband demand will grow later, if not sooner |
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| May 19, 2009 02:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Internet, Ciena Corp (CIEN), Stocks to Buy  The U.S. recession has hit just about every sector fairly hard, save health care; internet services have certainly not been immune. Still, Wall Street has been known to overdo it somewhat on the downside, particularly when a growth play runs into a recession, and that's why Ciena Corp. (CIEN) is worth a review. Ciena supplies communications networking equipment, software and services to communications service providers, cable operators, governments and enterprises. The company specializes in helping organizations transition from old-world architectures to high-bandwidth services. Hence, CIEN is largely a broadband play, and now that it looks like better days are up ahead for the U.S. economy in a quarter or two, firms will begin to make the investments they need to stay competitive in a decidedly broadband world. The First Call F2009 / F2010 EPS estimates for CIEN are a loss of 21 cents and a profit of 15 cents. Continue reading Ciena knows broadband demand will grow later, if not sooner Ciena knows broadband demand will grow later, if not sooner originally appeared on BloggingStocks on Tue, 19 May 2009 09:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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