Folks bought on excitement and earnings ended up simply being good. bummer dude! So they are selling. Trying to get op margins to 15%, >20% growth next 3 years, $2.30 for next year - they seem to be ahead of the curve right now with revenue and eps increases.  So I think 45-50 is real, possibly by end of this year if market holds. I think that's fair value for 2.30 and growing rev's and  earnings at their current rate. I really like CIEN right now which is why I bought shares to option, wanted to protect my core. I'm a bit dissapointed I get to keep them since it was a short term plan, but I am not dissapointed in the stock overall.