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Joseph Lazzaro Return Risk +4.14% MID Tracked Blogger Profile & Performance Subscribe to author

Symbol Sentiment Start Return Closed CIEN n/a Via BloggingStocks:   Filed under: Ciena Corp (CIEN), Stocks to Buy Ciena Corp.'s (CIEN) stock has underperformed since the May 19, 2009 Buy recommendation at $11.27, but I'm sticking with the shares. Here's why: Much of the selling in broadband/bandwith play CIEN's shares has occurred ahead of its December 10 Q4 earnings report, and given that CIEN is likely to post year-over-year improving results despite a loss for the quarter, the selling suggests that some short-term institutional investors (IIs) are taking profits 'ahead of the quarter, ahead of the pack.' Keep in mind that Ciena traded at/near $5 earlier this year. Continue reading Ciena: Recent dip suggests year-end profit-taking Ciena: Recent dip suggests year-end profit-taking originally appeared on BloggingStocks on Wed, 25 Nov 2009 15:10:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   Read the rest of original post »

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