lt cap,

No question that it's wonderful the CIEN beat and the mid-rage of forward guidance is a bit above analyst's expectations. Can't argue with success, and obviously much better than otherwise. Still, for the 13% pop today (backing down now a bit), in the last 12 months they've lost 27% of their value - somewhat better than INFN. Probably speaks to how down in the hole the sector has been beaten. I noticed among the increase in orders they mentioned, that income from telecom spending was a contributor to the beat. That has to be good news.